PCI-PAL PLC (AIM: PCIP), the customer engagement specialist that secures and protects payment card data for companies handling payments by phone, was notified that on 13 June 2019 James Barham, Chief Executive Officer, purchased ordinary shares of 1 pence in the Company.
Shares purchased on 13/06/19
Price paid per share
Total shares owned
% total voting rights of Company
In addition, following Mr Barham's relocation back to the United Kingdom from the United States in April 2019, the Company has agreed to amend the share option package of James Barham.
Mr Barham has agreed to forfeit his existing holding of 550,000 non-EMI share options at 28.5 pence per share and these are being replaced by the grant of 525,000 new EMI options as detailed below.
Date of Grant
Earliest Vesting date
Further information is set out in the FCA Disclosure table below.
Terms of the Options
The terms and conditions of these options will be identical to those originally granted to Mr Barham on 25th May 2017.
The Options will vest subject to Mr Barham having remained in continuous employment prior to any exercising of Options subject to the conditions below:
Tranche of award
Shall vest on the 25th May 2020
Shall vest if the Company Share Price is equal to or greater than 66 pence per ordinary share during any continuous 30 day period falling after the Date of Grant
Shall vest if the Company Share Price is equal to or greater than 88 pence per ordinary share during any continuous 30 day period falling after the Date of Grant
Following this announcement, there is a total of 5,116,667 options over Ordinary Shares, representing 11.98% of the current issued share capital of the Company.
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
Marc Milmo/Simon Hicks (Corporate Finance)
Richard Chambers (Corporate Broking)
+44 (0) 20 7933 8780
Tom Cooper/Paul Vann
+44 (0) 797 122 1972
About PCI Pal:
PCI Pal is a specialist provider of secure payment solutions for contact centres and businesses taking Cardholder Not Present (CNP) payments. PCI Pal's globally accessible cloud platform empowers organisations to take payments securely without bringing their environments into scope of PCI DSS and other card payment data security rules and regulations.
With the entire product portfolio served from PCI Pal's cloud environment, integrations with existing telephony, payment, and desktop environments are light-touch, ensuring no degradation of service while achieving security and compliance.
Details of the person discharging managerial responsibilities/person closely associated
Reason for the notification
CEO / PDMR
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
PCI PAL PLC
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
Description of the financial instrument, type of instrument:
Options over Ordinary shares of 1 pence each
ISIN Code: GB0009737155
Nature of the transaction:
Grant of Options
Price(s) and volume(s):
· Aggregated volume:
Date of the transaction:
13 June 2019
Place of the transaction:
Off market transaction