Last checked at 18 Apr 2024 18:14
18 April 2024
Ascential plc (the "Company")
Notification of transactions of persons discharging managerial responsibility
Grant of Awards under the Company's Performance Share Plan and Deferred Annual Bonus Plan.
On 18 April 2024 the Company's Executive Directors were granted conditional awards over ordinary shares under the Ascential plc Executive Performance Share Plan (the "PSP"). Mandy Gradden was also granted a conditional award over ordinary shares under the Executive Deferred Annual Bonus Plan ("DABP") as noted below:
Executive Director | Number of shares awarded under PSP | Number of shares awarded under DABP |
Philip Thomas | 369,662 | Nil[1] |
Mandy Gradden | 278,480 | 75,310 |
PSP awards
Subject to the terms of the PSP, the awards will ordinarily vest on the third anniversary of the grant of the awards subject to the grantee's continued service and to the extent to which adjusted EPS, adjusted operating profit and revenue performance criteria are met over the three financial years to 31 December 2026. The shares will also be subject to a further two-year holding period whereby the Executive Directors will be restricted from selling the shares which vest other than to settle any associated tax.
DABP awards
Awards made under the DABP relate to the deferral of 50% of the 2023 bonus payable to Executive Directors into shares. Subject to the terms of the DABP, the awards will ordinarily vest on the third anniversary of the grant of the awards subject to the grantee's continued service.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||||||
a)
| Names
| Philip Thomas Mandy Gradden | ||||||||||||||||
2
| Reason for the notification
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a)
| Position/status
| Director | ||||||||||||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Ascential plc | ||||||||||||||||
b)
| LEI
| 213800VDXQDA7KD2IQ21 | ||||||||||||||||
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 | Ordinary shares of 1p
| ||||||||||||||||
Identification code | BYM8GJ0 | |||||||||||||||||
b)
| Nature of the transaction
| Grant of conditional awards under the Company's Performance Share Plan ("PSP") and the Executive Deferred Annual Bonus Plan ("DABP") | ||||||||||||||||
c)
| Price(s) and volume(s) | |||||||||||||||||
| ||||||||||||||||||
d)
| Aggregated information | |||||||||||||||||
- Aggregated volume | Philip Thomas - single transaction Mandy Gradden - 353,790 | |||||||||||||||||
- Price | Nil | |||||||||||||||||
e)
| Date of the transaction
| 18 April 2024 | ||||||||||||||||
f)
| Place of the transaction
| London | ||||||||||||||||
Contacts
Naomi Howden, Company Secretary
+44 (0) 207 516 5042
[1] Philip Thomas was appointed as an executive director of the Company on 2 January 2024 and was therefore not an executive director subject to the DABP in 2023