22 September 2023
Mind Gym plc
("MindGym" or the "Company")
Grant of SAYE options
MindGym, the global provider of human capital and business improvement solutions, is pleased to announce that it has launched the fifth 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 52.1 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 16, 17 and 18 August 2023, the three dealing days before the invitation was made. The Options have a contract start date of 1 October 2023 and are exercisable from 1 October 2026.
A total of 45 out of 233 eligible employees have elected to participate in the SAYE Scheme and a total of 742,336 Options have been granted in the 2023 scheme, representing 0.74% of the issued share capital.
The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2023 SAYE Scheme:
| PDMR | Title | Options granted |
| David Lush | Chief Technology Officer | 14,233 |
The Company has also implemented an Employee Stock Purchase Plan ("ESPP Scheme") for US employees over the Ordinary shares. The shares have a contract start date of 18 September 2023 and will be purchased on or around 18 September 2024. A total of 15 out of 125 eligible employees have enrolled in the in the Plan.
The following PDMRs have chosen to participate in the ESPP Scheme:
| PDMR | Title | ESPP Scheme application ($) |
| Janet Ahn | President, Chief Behavioural Science Officer | 6,600 |
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 | ||||||
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| 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 SAYE Option | |||||
| c)
| Price(s) and volume(s)
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| d)
| Aggregated information (if any)
- Aggregated volume
- Price |
N/A - single transaction | |||||
| e) | Date of transaction | 1 October 2023 | |||||
| f) | Place of the transaction | Outside a trading venue | |||||
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