Source - LSE Regulatory
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 under Award

 Award Type

Magdalena Bartoś

Chief Financial Officer

333,333

Normal PSA

Magdalena Bartoś

Chief Financial Officer

683,760

Additional PSA

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 financial instrument, type of instrument

Identification code

Ordinary Shares of 1 pence each in W.A.G payment solutions plc

GB00BLGXWY71

 

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

2.         Nil

1.         333,333

2.         683,760

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transactions

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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