Mind Gym PLC Grant of SAYE Options (7871S)

TIDMMIND

RNS Number : 7871S

Mind Gym PLC

18 July 2022

MindGym plc

("MindGym" or the "Company")

Grant of SAYE Options

MindGym (AIM: MIND), the global provider of human capital and business improvement solutions, is pleased to announce that it has launched the fourth year of a Save As You Earn Scheme (the "SAYE Scheme") for all eligible employees in the UK and Singapore.

Eligible employees were invited to subscribe for options ("Options") over the Company's ordinary shares of 0.001 pence each ("Ordinary Shares") which have been granted at an exercise price of 102.0 pence per Ordinary Share in accordance with the terms of the SAYE Scheme. The exercise price represents a 15% discount to the average closing price of an Ordinary Share across 22, 23 and 24 June 2022, the three dealing days before the invitation was made. The Options have a contract start date of 1 August 2022 and are exercisable from 1 August 2025.

A total of 44 out of 193 eligible employees have elected to participate in the SAYE Scheme and a total of 268,709 Options have been granted in the 2022 scheme, representing 0.27% of the issued share capital.

The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2022 SAYE Scheme:

 
 PDMR                Title                      Options granted 
 Dominic Neary       Chief Financial Officer        17,647 
 Crystal Metcalfe    Senior Practice Lead           10,588

The Company has also implemented an Employee Stock Purchase Plan ("Plan") for US employees over the Ordinary shares. The shares have a contract start date of 1 August 2022 and will be purchased on 31 July 2023. A total of 30 out of 133 eligible employees have enrolled in the in the Plan.

Enquiries

 
MindGym plc 
 Octavius Black, Chief Executive Officer            +44 (0)20 7376 
 Dominic Neary, Chief Financial Officer                       0626 
Liberum (Nominated Adviser and Broker) 
 Bidhi Bhoma 
 Nick How 
 Edward Mansfield                                   +44 (0)20 3100 
 Kane Collings                                                2200 
 
MHP Communications (Public Relations Advisor)       +44 (0)20 3128 
 Reg Hoare                                                    8990 
 Katie Hunt                                       mindgym@mhpc.com 
 Charlie Protheroe

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July 18, 2022 04:03 ET (08:03 GMT)

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