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Grant of Awards

11th Oct 2017 18:03

RNS Number : 3737T
SafeCharge International Group Ltd
11 October 2017
 

 

 

SafeCharge International Group Limited

 

("SafeCharge" or the "Company")

 

Grant of Awards under the Company's Long Term Incentive Plan 2016

 

 

On 9 October 2017, the Company's executive directors were granted nil cost option awards over ordinary shares of US$0.0001 value under the SafeCharge Long Term Incentive Plan 2016 (the "Plan") as noted below: 

Executive Directors

Number of Shares under Award

David Avgi*

282,256

Tsach Einav

150,778

Yuval Ziv

112,577

 \* The award has been granted to Foxberry Limited, Foxberry Limited is ultimately owned by a trust, the beneficiary of which is David Avgi 

 

Subject to the terms of the Plan, the awards granted will ordinarily vest and become exercisable from 1 March 2020, subject to the grantee's continued service and to the extent to which Adjusted EBITDA performance criteria are met over a measurement period comprising three financial years of the Company commencing with the current financial year.

 

Once exercisable, an award shall ordinarily remain exercisable as to its vested shares until the eve of the tenth anniversary of the grant date of the awards.

 

No consideration was paid for the grant of the awards and no consideration is due on the vesting and/or exercise of the awards.

 

The Company was notified of the above transactions on 9 October 2017.

 

- Ends -

Enquiries

 

SafeCharge International Group Limited

David Avgi, Chief Executive Officer

Tsach Einav, Chief Financial Officer

c/o FTI Consulting

 

+44 (0) 20 3727 1725

Jean Beaubois, Head of Investor Relations

 

+44 (0) 7826 936619

Shore Capital

Mark Percy

Toby Gibbs

 

+44 (0) 20 7408 4090

FTI Consulting

Matthew O'Keeffe

Rob Mindell

 

+44 (0) 20 3727 1725

 

About SafeCharge

 

SafeCharge International Group Limited (AIM: SCH) is the payment service partner for the world's most demanding businesses. SafeCharge provides global omnichannel payments services from card acquiring and issuance to payment processing and checkout, all underpinned by advanced risk management solutions. This fully featured proprietary payment platform connects directly to all major payment card schemes including Visa, MasterCard, American Express and Union Pay as well as over 150 local payment methods. With offices around the world, SafeCharge serves a diversified, blue chip client base and is a trusted payment partner for customers across a range of vertical markets. The Company has been listed on the London Stock Exchange AIM market since 2014.

 

www.safecharge.com 

 

 

 

This information set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

David Avgi

The award has been granted to Foxberry Limited, Foxberry Limited is ultimately owned by a trust, the beneficiary of which is David Avgi

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive Officer

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

SafeCharge International Group Limited

b)

 

LEI

 

 

N/A

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 US$0.0001 value

 

GG00BYMK4250

 

b)

 

Nature of the transaction

 

 

Grant of nil cost option awards over ordinary shares of US$0.0001 value under the SafeCharge Long Term Incentive Plan 2016

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil cost

 

282,256 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

282,256

 

 

Nil cost

 

e)

 

Date of the transaction

 

 

9 October 2017

f)

 

Place of the transaction

 

 

Guernsey

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Tsach Einav

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Financial Officer

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

SafeCharge International Group Limited

b)

 

LEI

 

 

N/A

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 US$0.0001 value

 

GG00BYMK4250

 

b)

 

Nature of the transaction

 

 

Grant of nil cost option awards over ordinary shares of US$0.0001 value under the SafeCharge Long Term Incentive Plan 2016

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil cost

 

150,778 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

150,778

 

 

Nil cost

 

e)

 

Date of the transaction

 

 

9 October 2017

f)

 

Place of the transaction

 

 

Guernsey

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Yuval Ziv

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Operating Officer

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

SafeCharge International Group Limited

b)

 

LEI

 

 

N/A

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 US$0.0001 value

 

GG00BYMK4250

 

b)

 

Nature of the transaction

 

 

Grant of nil cost option awards over ordinary shares of US$0.0001 value under the SafeCharge Long Term Incentive Plan 2016

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil cost

 

112,577

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

 

112,577

 

Nil cost

 

e)

 

Date of the transaction

 

 

9 October 2017

f)

 

Place of the transaction

 

 

Guernsey

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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