Last checked at 9 Mar 2018 15:08
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
Grant of Awards under the Company's Performance Share Plan and Deferred Annual Bonus Plan.
On 8 March 2018 the Company's Executive Directors were granted conditional awards over ordinary shares of 1p each under the Ascential plc Executive Performance Share Plan (the "PSP") and the Executive Deferred Annual Bonus Plan ("DABP") as noted below:
Executive Director | Number of shares awarded under PSP | Number of share awarded under DABP |
Duncan Painter | 263,078 | 37,842 |
Mandy Gradden | 155,216 | 25,606 |
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 and relative total shareholder return performance criteria are met over the three financial years to 31 December 2020. 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 mandatory deferral of 50% of the 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.
For further information please contact:
Louise Meads, Company Secretary
020 7516 5000
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Names
| Duncan Painter Mandy Gradden
| |||
2
| Reason for the notification
| ||||
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
| ||||
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) | ||||
Duncan Painter: | |||||
Price(s) | Volume(s) | ||||
Nil | 263,078 ("PSP) | ||||
Nil | 37,842 ("DABP") | ||||
Mandy Gradden: | |||||
Price(s) | Volume(s) | ||||
Nil | 155,216 ("PSP") | ||||
Nil | 25,606 ("DABP") | ||||
d)
| Aggregated information | ||||
- Aggregated volume | Duncan Painter - 300,920 Mandy Gradden - 180,822
| ||||
- Price | Nil | ||||
e)
| Date of the transaction
| 8 March 2018 | |||
f)
| Place of the transaction
| London | |||