("
Grant of Options
Vesting of the Performance Share Awards is subject to performance conditions as follows:
1. The vesting of 70 per cent. of such awards (the "EPS Part") would be dependent on the Company's adjusted earnings per share performance for the financial year ending
2. No portion of the EPS Part can performance vest unless the Company's EPS performance equated to a compound annual growth rate ("CAGR") of 10% for which one quarter of the EPS Part would performance vest, rising on a straight line basis to full performance vesting of the EPS Part for the Company's EPS performance equating to a CAGR of 20% or higher.
3. The vesting of 30 per cent. of such awards (the "TSR Part") would be dependent on the Company's total shareholder return ("TSR") performance over a three-year period commencing on the grant of the awards.
4. No portion of the TSR Part can performance vest unless the Company's TSR performance equated to a CAGR of 10% for which one quarter of the TSR Part would performance vest rising on a straight line basis to full performance vesting of the TSR Part for the Company's TSR performance equating to a CAGR of 20% or higher. Three month averaging periods prior to the start and end of the measurement period would be used in relation to the TSR calculations.
The Restricted Share Awards vest over a three-year period and there are no performance conditions attached. All Options are exercisable at the Company's nominal value of
Details of the options granted to PDMRs are as follows:
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Title |
Number of Performance Share Awards |
Number of Restricted Share Awards |
Total number of Options held following this Grant |
|
Duncan Faihfull |
Group CEO |
447,132 |
77,519 |
819,581 |
|
|
Group CFO |
294,574 |
- |
336,260 |
Following the Grant, there are a total of 3,618,921 Options outstanding, representing approximately 5.4% of the current issued share capital of the Company.
Further detail is set out in the PDMR disclosure table below.
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Telephone: +44 (0)20 3597 6800 |
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Nominated Adviser and Broker: Cavendish
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Telephone: +44 (0)20 7220 0500 |
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Financial PR: Alma |
Telephone: +44 (0)20 3405 0205 |
About
Our solutions are delivered through a global sales team and leverage the Group's electronic hardware, software, display and mechanical engineering expertise. Our
The Group operates in six countries and services over 500 customers across 47 countries.
Further information on
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
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2. |
Reason for the notification |
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Position/status: |
Chief Executive Officer |
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b) |
Initial notification/Amendment: |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI: |
2138003VERSWQP561X71 |
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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: |
Options over Ordinary shares of 0.1p GB00B99PCP71 |
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b) |
Nature of the transaction: |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: · Aggregated volume: · Price: |
See 4 (c) |
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e) |
Date of the transaction: |
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f) |
Place of the transaction: |
Off market transaction |
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
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2. |
Reason for the notification |
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a) |
Position/status: |
Chief Financial Officer |
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b) |
Initial notification/Amendment: |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI: |
2138003VERSWQP561X71 |
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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: |
Options over Ordinary shares of 0.1p GB00B99PCP71 |
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b) |
Nature of the transaction: |
Award of nominal value options over Ordinary Shares as part of the |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: · Aggregated volume: · Price: |
See 4 (c) |
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e) |
Date of the transaction: |
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f) |
Place of the transaction: |
Off market transaction |
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