TIDMWPS

RNS Number : 1522P

Eurowag

14 October 2021

W.A.G payment solutions plc

14 October 2021

W.A.G payment solutions plc

Notification and public disclosure of transactions by PDMRS

Grant of Performance Share Plan Awards ("PSA")

W.A.G payment solutions plc (the "Company") announces that on 13 October 2021 the following awards over ordinary shares of 1 pence each in the Company were granted under the W.A.G payment solutions plc Performance Share Plan to the following person(s) discharging managerial responsibilities:

 
 Participant             Position         No. of Shares   Award Type 
                                           under Award 
 Magdalena Bartoś   Chief Financial  333,333        Normal PSA 
                          Officer 
                        ----------------  -------------  -------------- 
 Magdalena Bartoś   Chief Financial  683,760        Additional PSA 
                          Officer 
                        ----------------  -------------  -------------- 
 

The Normal PSAs noted above were granted as options with an option price per share of 1 pence and will ordinarily vest on the third anniversary of their grant date, subject to the grantee's continued service and the Remuneration Committee's assessment of the extent to which the award's performance conditions are satisfied. A post vesting holding period applies to the Normal PSA granted to the CFO during which vested shares (net of sales for tax) must ordinarily be retained until the second anniversary of the vesting of her award.

The Normal PSAs are subject to sliding scale adjusted EBITDA performance targets (which will be re-expressed as adjusted EBITDA per share) for the financial year ending 31 December 2023. The targets require significant growth on 2020 EBITDA.

The Additional PSAs noted above were also granted as options with an option price per share of 1 pence and will ordinarily vest on 1 April 2023 in the case of the CFO and 1 October 2023 in the case of the CSO, subject to the grantee's continued service and the Remuneration Committee's assessment of the extent to which the award's performance conditions are satisfied. A post vesting holding period applies to the Additional PSAs during which vested shares (net of sales for tax) must ordinarily be retained until the second anniversary of the vesting of the relevant award.

The Additional PSAs are subject to sliding scale adjusted EBITDA performance targets (which will be re-expressed as adjusted EBITDA per share) for the financial year ending 31 December 2022. The targets require significant growth on 2020 EBITDA.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                                Magdalena Bartoś 
     -------------------------------  --------------------------------------- 
 2    Reason for Notification 
     ------------------------------------------------------------------------ 
 a)   Position/status                     Chief Financial Officer 
     -------------------------------  --------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  --------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                             W.A.G payment solutions plc 
     -------------------------------  --------------------------------------- 
 b)   LEI                              213800HU63CWV5J8YK95 
     -------------------------------  --------------------------------------- 
 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               Ordinary Shares of 1 pence each in 
       financial instrument,            W.A.G payment solutions plc 
       type of instrument               GB00BLGXWY71 
       Identification code 
     -------------------------------  --------------------------------------- 
 b)   Nature of the transaction        Grant of options over ordinary shares 
                                        under the W.A.G payment solutions plc 
                                        Performance Share Plan with an option 
                                        price of 1 pence per share. 
     -------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                         1. Nil     1. 333,333 
                                          2. Nil     2. 683,760 
                                                   ------------ 
     -------------------------------  --------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      Not applicable - single transactions 
 
 
             *    Price 
     -------------------------------  --------------------------------------- 
 e)   Date of the transaction          13 October 2021 
     -------------------------------  --------------------------------------- 
 f)   Place of the transaction         Outside of a trading venue 
     -------------------------------  --------------------------------------- 
 

Enquiries:

Tomáš Novotný

Head of Investor Relations

investors@eurowag.com

W.A.G payment solutions plc

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October 14, 2021 12:33 ET (16:33 GMT)

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