Last checked at 4 Nov 2021 16:09
Brooks Macdonald Group plc
(the "Company")
Director / PDMR Shareholding
On 1 November 2021 Andrew Shepherd, Chief Executive Officer of the Company, received 4,827 ordinary shares of 1 pence each in the Company ("Shares") following the vesting of awards granted under the 2018 Long Term Incentive Plan (the "LTIP"). These awards vested in full as a result of the performance conditions being met. Following the exercise, 1,401 of the LTIP Shares were sold, 639 at a price of 2,700.00p per share on 1 November and 762 at a price of 2,700.00p per share on 3 November to meet the income tax, national insurance and social security liabilities due.
No. of shares vested | No. of shares sold to cover tax liabilities | No. of shares retained |
4,827 | 1,401 | 3,426 |
To satisfy the exercise of the awards, 4,827 Shares were transferred from the Brooks Macdonald Employee Benefit Trust (the "EBT"). The Company was notified by JTC Employer Solutions Trustee Limited, as trustees of the EBT, that following this transfer the EBT now holds 518,218 Shares, representing 3.20% of the Company's total voting rights.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
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1 | Details of PDMR / person closely associated | |||||
a) | Name | Andrew Shepherd | ||||
2. | Reason for the notification | |||||
a) | Position / Status | Chief Executive Officer | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Brooks Macdonald Group plc | ||||
b) | LEI | 213800WRDF8LB8MIEX37 | ||||
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
Identification code | Ordinary shares of 1p each
BRK ISIN:GB00B067N833 | ||||
b) | Nature of the transaction | Sale of shares to cover income tax, national insurance and social security liabilities due on vesting of awards granted under the 2018 Brooks Macdonald Long Term Incentive Plan
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c) | Price (pence) and volume |
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d) | Aggregated information - Aggregated volume
| 762 | ||||
- Price (pence) | 2,700.00 | |||||
e) | Date of the transaction |
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f) | Place of the transaction | The London Stock Exchange | ||||
Enquiries:
Brooks Macdonald Group PLC | |
Andrew Shepherd, Chief Executive | +44 (0)20 7659 3492 |
Ben Thorpe, Chief Financial Officer | +44 (0)20 7659 3492 |
Peel Hunt LLP | |
Rishi Shah / John Welch | +44 (0)20 7418 8900 |
LEI: 213800WRDF8LB8MIEX37