Director/PDMR Shareholding
Source: RNS
W.A.G payment solutions plc
(the "Company" or "Eurowag")
Notification and public disclosure of transactions by PDMR
LTIP Awards
W.A.G payment solutions plc a leading pan-European integrated payments and mobility platform focused on the Commercial Road Transportation ("CRT") industry, today announces that on 16 May 2024 the following three awards ("Awards") in relation to ordinary shares of 1 penny each in the Company were granted under the Company's Long Term Incentive Plan ("LTIP") to the following person discharging managerial responsibilities:
|
Participant |
Position |
Details of Awards |
|
Oskar Zahn |
Chief Financial Officer |
1. Performance Share Award over 452,949 Shares 2. Restricted Share Award over 452,949 Shares 3. One-off additional Restricted Share Award over 603,932 Shares |
The Awards align to the new Directors' Remuneration Policy, which was approved by shareholders at the AGM on 16 May 2024, and will ordinarily vest on the third anniversary of grant subject to continued service and subject to performance conditions (in the case of the Performance Share Award) and underpin conditions (in the case of the Restricted Share Awards) as relevant.
Full details of the performance conditions and underpin conditions can be found in the Directors' Remuneration Report section of the Annual Report and Accounts 2023.
The Awards are structured as options with a nominal option price of 1p per share and are subject to a two-year post vesting holding period (net of tax).
Subject to the terms of the LTIP once exercisable the Awards are exercisable from vesting until the tenth anniversary of the grant date.
The information set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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|
a) |
Name |
Oskar Zahn
|
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|
2 |
Reason for Notification |
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|
a) |
Position/status |
Chief Financial Officer
|
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|
b) |
Initial notification/Amendment |
Initial Announcement |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
W.A.G payment solutions plc |
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|
b) |
LEI |
213800HU63CWV5J8YK95
|
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|
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 |
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|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 1 penny each ISIN GB00BLGXWY71 |
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|
b) |
Nature of the transaction |
Three Awards under the Company's LTIP. The Awards are structured as options with an option price of 1 penny per Share. Award 1 is a Performance Share Award. Awards 2 and 3 are Restricted Share Awards.
|
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|
c) |
Price(s) and volume(s)
|
|
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|
d) |
Aggregated information - Aggregated volume - Price |
N/A single transaction Nil |
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|
e) |
Date of the transaction |
16 May 2024 |
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|
f) |
Place of the transaction |
Outside of a trading venue |
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ENQUIRIES:
Eurowag
Carla Bloom
Head of Investor Relations and Communications
+44 (0) 789 109 4542
Powerscourt
Justin Griffiths, Gilly Lock
IR and international media
+44 (0)20 7250 1446
About Eurowag
Eurowag was founded in 1995 and is a leading technology company and an important partner to Europe's commercial road transport industry, with a purpose to make it clean, fair and efficient. Eurowag enables trucking companies to successfully transition to a low carbon, digital future by harnessing all mission critical data, insights and payment and financing transactions into a single ecosystem and connects their operations seamless before a journey, on the road and post-delivery. http://www.eurowag.com
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