PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, today announces the grant ("Grant") of share options to a director of the Company and to other employees of the Group exercisable over a total of 435,000 ordinary shares of 1 pence each ("Ordinary Shares").

Persons discharging managerial responsibility (PDMRs) participating in the Grant are tabled below:



No Share Options granted

Date of Grant

Earliest Vesting date

William Good

CFO & Main Board Director




The PDMR option will vest after a three-year period subject to the recipient having remained in continuous employment.  In addition, certain performance conditions apply to the vesting of different tranches of each award as set out below.  In each case the vesting is further conditional upon the Company's share price* being greater than or equal to a benchmark price for a continuous period of 30 trading days following the date of grant (the "Benchmark Price"):

of award

Benchmark Price

Initial 50%

26.5 pence (being the share price at the date of grant)

Further 25%

40 pence (being 50% above the share price at the date of grant)

Further 25%

53 pence (being 100% above the share price at the date of grant)

* being the closing mid-market price published by the London Stock Exchange or as listed in the Financial Times"

Following this grant, William Good holds options over 400,000 shares and holds 140,000 Ordinary Shares.  The shareholding represents approximately 0.3% the current issued share capital of the Company.

In addition to the above grant, a further 335,000 share options have been issued to employees of the Group at an exercise price of 26.5 pence per share.  These options vest over a 36-month period and are subject to set performance criteria and continuous employment requirements.

The Company considers it important to attract, retain, and incentivise our employees through share incentive arrangements and to align them with shareholders to create long term value.

Following this announcement, the total number of options granted and outstanding is in respect of 4,566,667 Ordinary Shares representing 10.69% of the current issued share capital of the Company.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.


For further information, please contact:


Via Walbrook PR

James Barham - Chief Executive Officer

William Good - Chief Financial Officer



finnCap (Nominated Adviser and Broker)

+44 (0) 20 7227 0500

Geoff Nash/Simon Hicks (Corporate Finance)

Richard Chambers (Corporate Broking)



Walbrook PR

+44 (0) 20 7933 8780

Tom Cooper/Paul Vann

+44 (0) 797 122 1972


[email protected]


About PCI Pal:

PCI Pal is a Payment Card Industry-Data Security Standard ("PCI DSS") Level 1 certified supplier of contact centre payment solutions and services, with operations in Europe and North America, enabling organisations to take customer payments securely over the phone, and to de-risk their business from the threat of data loss and cybercrime.

To understand our core services better please view our video on https://www.pcipal.com/en/solutions/agent-assist/

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