Mind Gym PLC Grant of award under the Long Term Incentive Plan (4420T)

TIDMMIND

RNS Number : 4420T

Mind Gym PLC

20 March 2023

Mind Gym plc

("Mind Gym" or the "Company")

Grant of award under the Long Term Incentive Plan

Mind Gym (AIM: MIND) announces that on 21 July 2022, Dominic Neary, Chief Financial Officer and a Director of the Company, was awarded 183,333 nil-cost options over ordinary shares of 0.001 pence each in the Company under the Company's Long Term Incentive Plan ("LTIP"). In accordance with the LTIP rules, such award has a vesting period between three and five years and is exercisable up to the tenth anniversary of the award date or earlier if the Board decides otherwise. Vesting is subject to performance conditions, which have been set based on revenue (75% of the award) and earnings before interest, tax, depreciation and amortisation ("EBITDA") (25% of the award).

The details of the award are set out below:

 
 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           Initial notification 
       notification or an 
       amendment to a prior 
       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,         Ordinary Shares of 0.001 pence each 
       type of instrument 
                                             ISIN: GB00BF3SQB83 
       Identification code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Grant of nil-cost options under the 
                                    Long-Term Incentive Plan (LTIP) 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                         Nil       183,333 
                                                 ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
       (if any) 
                                     N/A - single transaction 
       - Aggregated volume 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of transaction          21 July 2022 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  --------------------------------------

Enquiries

 
 Mind Gym plc                      +44 (0) 20 7376 0626 
 Dominic Neary (CFO) 
 
  investors@themindgym.com 
 Liberum (Nominated Adviser and 
  Broker)                          +44 (0) 20 3100 2000 
 Nick How 
  Edward Mansfield 
  Cara Murphy 
 MHP                               +44 (0) 20 3128 8004 
 Reg Hoare 
  Katie Hunt 
  Veronica Farah 
 
  mindgym@mhpgroup.com

About Mind Gym

Mind Gym is a company that delivers business improvement solutions using scalable, proprietary products which are based on behavioural science. The Group operates in three global markets: business transformation, human capital management and learning & development.

Mind Gym is listed on the London Stock Exchange Alternative Investment Market (ticker: MIND) and headquartered in London. The business has offices in London, New York and Singapore.

Further information is available at www.themindgym.com

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March 20, 2023 03:00 ET (07:00 GMT)

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