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Last checked at 
4 Feb 2022 16:09
AJ Bell plc
("AJ Bell", the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
AJ Bell wishes to announce that due to an administrative oversight the number of annual and deferred awards over the Company's ordinary shares of £0.000125 each (Ordinary Shares) granted to Roger Stott, the chief operating officer and a person discharging managerial responsibilities (PDMR) in the Company, under the AJ Bell Executive Incentive Plan (EIP) on 9 December 2021, which was announced on 13 December 2021, was less than should have been granted.
As a consequence of the above, on 4 February 2022 the Company granted Roger Stott an additional annual award in respect of 31,680 Ordinary Shares and an additional deferred award in respect of 47,520 Ordinary Shares. Roger Stott has now been granted an annual award in respect of a total of 44,000 Ordinary Shares and a deferred award in respect of a total of 66,000 Ordinary Shares in relation to the performance period ending on 30 September 2022.
No consideration was paid for the grant of the awards, which have been structured as nominal cost options, and:
a) the annual award will normally vest once it has been determined if, and the extent to which, the performance conditions have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2022.
b) the deferred award will, subject to the satisfaction of the performance conditions and the operation of a performance underpin, malus and clawback, normally vest on the first day on which dealings in the Company's shares by PDMRs are permitted under the Company's share dealing code after 30 September 2025.
c) both the annual award and the deferred award will be subject to a holding period which expires on 30 September 2026, and will, ordinarily, remain exercisable until the day before the tenth anniversary of the date of grant. Clawback will continue to apply up until the end of the holding period.
For further information, please contact:
AJ Bell plc
Bruce Robinson, Company Secretary +44 (0) 780 234 4859
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||||||
a) | Name | Roger Stott
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2. | Reason for the notification | ||||||||||
a) | Position/status | Chief Operating Officer/PDMR
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b) | Initial notification/ Amendment
| This is an initial notification | |||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | AJ Bell plc
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b) | LEI | 213800VNKA7DPWXWJJ36
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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; (iv) each place where transactions have been conducted | ||||||||||
a) | Description of the financial instrument, type of instrument
| Ordinary shares of £0.000125 each
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Identification code | ISIN: GB00BFZNLB60 | ||||||||||
b) | Nature of the transaction | 1. Grant of an annual award under the EIP. The award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2022; and
2. Grant of a deferred award under the EIP. The award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the award have been satisfied, on the first day on which dealings in the Company's shares by PDMRs are permitted under the Company's share dealing code after 30 September 2025.
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c) | Price(s) and volume(s) |
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d) | Aggregated information
Aggregated volume Price |
Not applicable single transaction | |||||||||
e) | Date of the transaction | 4 February 2022 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||
Name of officer of issuer responsible for making notification: Bruce Robinson (Company Secretary)
Date of notification: 4 February 2022
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