The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
6 August 2021
Photo-Me International PLC
(the "Company")
Notification of Transactions of Persons Discharging Managerial Responsibility (PDMRs)
The Company announces that the following Directors were yesterday granted share options over ordinary shares of 0.5 pence each of the Company ("Ordinary Shares") under the Company's Executive Share Option Scheme (2014) (the "Scheme").
Under the Scheme, Serge Crasnianski was awarded an option over 1,000,000 Ordinary Shares; Jean-Marc Janailhac was awarded an option over 400,000 Ordinary Shares; and Tania Crasnianski was awarded an option over 96,774 Ordinary Shares; in each case (and in line with previous awards) subject to the Company's achieving certain performance criteria based on 2023 earnings per share ("EPS"). Under the scheme, 25% of the award will vest on achieving an EPS of 8 pence per share through to 100% of the award vesting should an EPS of 10.5 pence or more per share be achieved, with straight-line vesting in between.
No consideration was paid for the grant which is structured as a nil-cost option. The number of options over Ordinary Shares has been calculated using an Ordinary Share price of 77.5 pence per share. The options will vest three years after the date of grant and will remain exercisable until the seventh anniversary of the date of grant.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Serge Crasnianski | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Chief Executive Officer & Deputy Chairman | |||
| b)
| Initial notification /Amendment
| Initial | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Photo-Me International PLC | |||
| b)
| LEI
| 2138006YJ65EKBYYYX41 | |||
| 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 | Options over Ordinary shares of 0.5p each in the Company
| |||
| | | ||||
| Identification code | GB0008481250 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of an option to subscribe for Ordinary Shares in the Company under the Company's Executive Share Option Scheme 2014, conditional on future performance. The option will vest three years after the date of grant and remain exercisable for four years after it vests. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price per share | Volume(s) | | |
| | | Nil cost | 1,000,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A - Single transaction | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 5 August 2021 | |||
| f)
| Place of the transaction
| Outside trading venue | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Jean-Marc Janailhac | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Executive Director | |||
| b)
| Initial notification /Amendment
| Initial | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Photo-Me International PLC | |||
| b)
| LEI
| 2138006YJ65EKBYYYX41 | |||
| 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 | Options over Ordinary shares of 0.5p each in the Company | |||
| | | ||||
| Identification code | GB0008481250 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of an option to subscribe for Ordinary Shares in the Company under the Company's Executive Share Option Scheme 2014, conditional on future performance. The option will vest three years after the date of grant and remain exercisable for four years after it vests. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) per share | Volume(s) | | |
| | | Nil cost | 400,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A - Single transaction | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 5 August 2021 | |||
| f)
| Place of the transaction
| Outside trading venue | |||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Tania Crasnianski | |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| Executive Director | |||
| b)
| Initial notification /Amendment
| Initial | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| Photo-Me International PLC | |||
| b)
| LEI
| 2138006YJ65EKBYYYX41 | |||
| 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 | Options over Ordinary shares of 0.5p each in the Company | |||
| | | ||||
| Identification code | GB0008481250 | ||||
| | | ||||
| b)
| Nature of the transaction
| Grant of an option to subscribe for Ordinary Shares in the Company under the Company's Executive Share Option Scheme 2014, conditional on future performance. The option will vest three years after the date of grant and remain exercisable for four years after it vests. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) per share | Volume(s) | | |
| | | Nil cost | 96,774 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A - Single transaction | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction
| 5 August 2021 | |||
| f)
| Place of the transaction
| Outside trading venue | |||
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