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
|
|
a)
|
Name
|
Oskar Zahn
|
|
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 penny
each
ISIN GB00BLGXWY71
|
|
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.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1. Nil
|
1. 452,949 Shares
|
|
2. Nil
|
2. 452,949
Shares
|
|
3. Nil
|
3. 603,932 Shares
|
|
|
d)
|
Aggregated information
- Aggregated
volume
- Price
|
N/A single transaction
Nil
|
|
e)
|
Date of the transaction
|
16 May 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
ENQUIRIES:
Eurowag
Carla Bloom
Head of Investor Relations and
Communications
+44 (0) 789 109 4542
investors@eurowag.com
Powerscourt
Justin Griffiths, Gilly
Lock
IR and international
media
+44 (0)20 7250 1446
eurowag@powerscourt-group.com
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