27 July 2023
Mind Gym plc
("Mind Gym" or the "Company)
Grant of Awards under the Long Term Incentive Plan
Mind Gym announces that on 26 July 2023 it has made awards to the Persons Discharging Managerial Responsibility (PDMRs) set out below over ordinary shares of 0.001 pence each in the Company ("Shares") under the Company's Long Term Incentive Plan ("LTIP"). In accordance with the LTIP rules, awards to PDMRs based in the UK are in the form of nil-cost options and awards to PDMRs in the US are in the form of restricted stock. The vesting period for all awards is three years and they are exercisable up to the tenth anniversary of the award date or earlier if the Board decide otherwise. Vesting is subject to performance conditions based on Revenue (70% of each award) and EBITDA (30% of each award) targets.
| PDMR | Title | Type of Award | Options Granted |
| Dominic Neary | Chief Financial Officer | Nil-Cost Option | 461,552 |
| Janet Ahn | President, Americas | Restricted Stock | 715,585 |
| Crystal Metcalfe | Managing Director, EMEA | Nil-Cost Option | 415,397 |
| David Lush | Chief Technology Officer | Nil-Cost Option | 332,317 |
| Cindy Steagall | Executive Vice President, Americas | Restricted Stock | 572,468 |
Enquiries
| Mind Gym plc Octavius Black (CEO) Dominic Neary (CFO) | +44 (0) 20 7376 0626 |
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| Liberum (Nominated Adviser and Sole Broker) Nicholas How Edward Mansfield Cara Murphy | +44 (0) 20 3100 2000 |
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| MHP (for media enquiries) Reg Hoare Katie Hunt Veronica Farah | +44 (0) 20 3128 8793 |
Notification and public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Dominic Neary | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Mind Gym plc | ||||
| b) | LEI | 213800ER1PA5QSNKIL80 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 0.001 pence each
ISIN: GB00BF3SQB83 | ||||
| b) | Nature of the transaction | Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information (if any)
- Aggregated volume
- Price |
N/A - single transaction | ||||
| e) | Date of transaction | 26 July 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Janet Ahn | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | President, Americas | ||||
| b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Mind Gym plc | ||||
| b) | LEI | 213800ER1PA5QSNKIL80 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 0.001 pence each
ISIN: GB00BF3SQB83 | ||||
| b) | Nature of the transaction | Grant of restricted stock awards under the Long-Term Incentive Plan (LTIP)
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information (if any)
- Aggregated volume
- Price |
N/A - single transaction | ||||
| e) | Date of transaction | 26 July 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Crystal Metcalfe | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Managing Director, EMEA | ||||
| b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Mind Gym plc | ||||
| b) | LEI | 213800ER1PA5QSNKIL80 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 0.001 pence each
ISIN: GB00BF3SQB83 | ||||
| b) | Nature of the transaction | Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information (if any)
- Aggregated volume
- Price |
N/A - single transaction | ||||
| e) | Date of transaction | 26 July 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | David Lush | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Technology Officer | ||||
| b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Mind Gym plc | ||||
| b) | LEI | 213800ER1PA5QSNKIL80 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 0.001 pence each
ISIN: GB00BF3SQB83 | ||||
| b) | Nature of the transaction | Grant of nil-cost options under the Long-Term Incentive Plan (LTIP)
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information (if any)
- Aggregated volume
- Price |
N/A - single transaction | ||||
| e) | Date of transaction | 26 July 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Cindy Steagall | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Executive Vice President, Americas | ||||
| b) | Is this an initial notification or an amendment to a prior notification? | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Mind Gym plc | ||||
| b) | LEI | 213800ER1PA5QSNKIL80 | ||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a)
| Description of the financial instrument, type of instrument
Identification code |
Ordinary Shares of 0.001 pence each
ISIN: GB00BF3SQB83 | ||||
| b) | Nature of the transaction | Grant of restricted stock awards under the Long-Term Incentive Plan (LTIP)
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information (if any)
- Aggregated volume
- Price |
N/A - single transaction | ||||
| e) | Date of transaction | 26 July 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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