LEI No: 2138003A5Q1M7ANOUD76
(the 'Company')
NOTIFICATION OF TRANSACTION OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES
The below notification, made in accordance with the requirements of the
LTIP Awards
A total of 454,000 shares have been granted under the LTIP awards. These are in the form of an option over ordinary shares in the Company and vest subject to the achievement of certain performance criteria. They have a nominal value exercise price of
The vesting of the LTIP Awards is subject to the satisfaction of performance conditions assessed over the three financial years starting on
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Grant Date |
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Option Price |
0.005p per Share |
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Normal Vesting Date |
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These awards will vest on a straight-line basis subject to the achievement of a minimum threshold level of performance of two separate, but equally weighted performance conditions as set out in the table below:
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Performance Measure |
Weighting |
Threshold (25% vesting) |
Maximum (100% vesting) |
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Group Revenue |
50% |
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Earnings Per Share |
50% |
122.1p |
153.5p |
Awards granted as Nominal Cost Options on
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Number of Shares under Award |
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288,000 |
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166,000 |
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Total |
454,000 |
Further detail is provided below in accordance with Article 19.3 of the EU Market Abuse Regulation.
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1
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Details of the person discharging managerial responsibilities / person closely associated |
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a)
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2
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Reason for the notification
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a)
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Position/status
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Chief Executive Officer |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a)
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b)
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LEI
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2138003A5Q1M7ANOUD76 |
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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)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary Shares of
GB00B06QFB75
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b)
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Nature of the transaction
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Conditional grant of long-term incentive awards under the |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume - Price
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N/A |
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e)
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Date of the transaction
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f)
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Place of the transaction
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Outside a trading venue
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1
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Details of the person discharging managerial responsibilities / person closely associated |
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a)
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2
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a)
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b)
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LEI
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2138003A5Q1M7ANOUD76 |
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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)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary Shares of
GB00B06QFB75
|
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b)
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Nature of the transaction
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Conditional grant of long-term incentive awards under the |
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c)
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Price(s) and volume(s)
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|
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d)
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Aggregated information
- Aggregated volume - Price
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N/A |
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e)
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Date of the transaction
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f)
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Place of the transaction
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Outside a trading venue
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Company Secretariat |
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Media |
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020 7896 0011 |
020 7573 0020 |
020 7100 6451 |
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