logo-loader
viewArgentex

Argentex Group PLC - Director/PDMR Shareholding

RNS Number : 1313J
Argentex Group PLC
08 April 2020
 

 

8 April 2020

Argentex Group PLC

Grant of Awards under the Long-Term Incentive Plan

 

Argentex Group PLC, ("Argentex", the "Company" or the "Group"), the provider of foreign exchange services to institutions, corporates and high net worth private individuals, announces that on 7 April 2020 the Company granted options over a total of 4,528,300 new ordinary shares in the Company ("Ordinary Shares" and the "Awards"), under to the Company's 2019 Company Share Option Plan (the "CSOP"). A summary of the CSOP is set out in the Group's AIM Admission Document, a copy of which is available at www.argentex.com.

 

Under the CSOP, which is designed to incentivise and retain non-founder staff and align their interests with shareholders and the strategic objectives of the Group, awards were granted to 17 senior employees including Sam Williams, the Company's CFO.  The Awards all have an exercise price of 135p, representing a 12.0% premium to the closing mid-market price of 120.5p on 6 April 2020, the day before the awards were made. To provide long-term alignment with shareholders, the awards will vest in portions of one third on the third, fourth and fifth anniversaries of grant. The Award to Sam Williams has an EPS growth performance condition attached.

 

The Awards represent, in aggregate, 4.0% of the existing issued ordinary share capital of the Company and, following these grants, the Company has a total of 4,754,708 unvested options pursuant to the CSOP, equating to approximately 4.2% of the existing issued ordinary share capital of the Company.

 

Following the Awards, PDMRs hold the following Ordinary Shares and options over Ordinary Shares:

 

Name

Role

Grant of options over Ordinary Shares

Total number of options over Ordinary Shares

No. of existing Ordinary Shares

Carl Jani

Co-Chief Executive Officer, Co-Founder

-

-

13,749,144

Harry Adams

Co-Chief Executive Officer, Co-Founder

-

-

13,749,144

Andrew Egan

Managing Director, Co-Founder

-

-

6,130,918

Sam Williams

Chief Financial Officer

452,830

452,830

148,413

Kit Smith

Senior Executive

452,830

452,830

1,484,123

Daniel Merrick

Senior Executive

271,698

271,698

508,859

Joseph Duffelen

Senior Executive

452,830

452,830

511,690

Olivia Lang

Chief Compliance Officer

181,132

181,132

-

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities

 

1

Details of the persons discharging managerial responsibilities/person closely associated

a)

Name

(i)         Sam Williams - Chief Financial Officer

(ii)        Kit Smith - Senior Executive

(iii)       Daniel Merrick - Senior Executive

(iv)       Joseph Duffelen - Senior Executive

(v)        Olivia Lang - Chief Compliance Officer

2

Reason for the notification

a)

Position/status

Executive Director and PDMRs of the Company

b)

Initial Notification/ Amendment

Initial Notification

3

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

a)

Name

Argentex Group plc

b)

Legal Entity Identifier

2549007V7B928Q178194

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 £0.0001 each

 

 

 

ISIN - GB00BJLPH056

b)

Nature of transaction

Grant of options

c)

Currency

GBP

d)

Price(s) and volume(s)

Exercise Price

No. of Ordinary Shares

135 pence

(i)            452,830

135 pence

(ii)           452,830

135 pence

(iii)          271,698

135 pence

(iv)         452,830

135 pence

(v)          181,132

e)

Aggregate information

- Aggregate volume

- Price

- Aggregate total

N/A - single transaction

f)

Date of the transaction

7 April 2020

g)

Place of the transaction

Outside a trading venue

 

 

-ENDS-

 

For further information please contact:

Argentex Group PLC

Carl Jani, Harry Adams - Co-CEOs

(Via FTI Consulting)

FTI Consulting (Financial PR)

Ed Berry, Antonia Powell

Telephone: 0203 727 1046

[email protected]

 

Numis Securities Limited (Nominated Adviser and Broker)

Stephen Westgate, Charlie Farquhar, Laura White, Hugo Rubinstein
Telephone: +44 (0) 20 7260 1000

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHFLFVTSDIDIII

Quick facts: Argentex

Price: 136

Market: AIM
Market Cap: £153.96 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Argentex co-CEO says it's been business as usual through the crisis

Harry Adams, co-chief executive of Argentex PLC (LON:AGFX), says it is business as usual at the corporate-focused currency broker despite the coronavirus disruption. “We’ve not seen any slowdown at all since the crisis started,“ he told Proactive. He added that 95% of its trading is in the...

on 2/4/20