Last checked at 13 Oct 2023 15:59
Brooks Macdonald Group plc
(the "Company")
Director / PDMR Shareholding
On 12 October 2023, Richard Hughes, CEO International, exercised awards over ordinary shares of 1 pence each in the Company ("Shares") granted under the 2018 Long Term Incentive Plan (the "LTIP") as exceptional awards and deferred bonus share awards in 2020, 2021 and 2022 as set out in the table below. All the resulting Shares were retained.
Name | Scheme | No. of share awards exercised | No. of shares sold | No. of shares retained |
Richard Hughes | Exceptional Awards | 1,020 | 0 | 1,020 |
Deferred Bonus Awards 2020 | 849 | 0 | 849 | |
Deferred Bonus Awards 2021 | 919 | 0 | 919 | |
Deferred Bonus Awards 2022 | 1,219 | 0 | 1,219 | |
Totals | 4,007 | 0 | 4,007 |
Also on 12 October 2023, following the vesting of awards granted in September 2020, Robin Eggar, Managing Director, Head of UK Investment Management, received Shares granted under the LTIP as Long Term Incentive Plan awards as set out in the table below. Following vesting, a proportion of the Shares were sold to meet the income tax and National Insurance liabilities due as a result of the maturity as also shown in the table below.
Name | Scheme | No. of share awards vesting | No. of shares sold | No. of shares retained |
Robin Eggar | Long Term Incentive Plan Awards 2020 | 1,675 | 789 | 886 |
Totals | 1,675 | 789 | 886 |
To satisfy the exercise of the awards, 5682 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 holds 521,237 Shares, representing 3.17% of the Company's total voting rights.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
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1 | Details of PDMR / person closely associated | |||||
a) | Name | Robin Eggar | ||||
2. | Reason for the notification | |||||
a) | Position / Status | Managing Director, Head of UK Investment Management | ||||
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 | Vesting of Long Term Incentive Plan 2020 share awards granted under the 2018 Brooks Macdonald Long Term Incentive Plan | ||||
c) | Price (pence) and volume |
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d) | Aggregated information - Aggregated volume
| 1,675 | ||||
- Price (pence) | Nil | |||||
e) | Date of the transaction |
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f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of PDMR / person closely associated | |||||
a) | Name | Robin Eggar | ||||
2. | Reason for the notification | |||||
a) | Position / Status | Managing Director, Head of UK Investment Management | ||||
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 vesting from Long Term Incentive Plan 2020 share awards granted under the 2018 Brooks Macdonald Long Term Incentive Plan to meet income tax and National Insurance liabilities | ||||
c) | Price (pence) and volume |
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d) | Aggregated information - Aggregated volume
| 789 | ||||
- Price (pence) | 1627.5 | |||||
e) | Date of the transaction |
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f) | Place of the transaction | London Stock Exchange (XLON) | ||||
Enquiries:
Brooks Macdonald Group PLC | |
Andrew Shepherd, CEO | +44 (0)20 7659 3492 |
Andrea Montague, CFO | +44 (0)20 7659 3492 |
Peel Hunt LLP | |
Paul Shackleton / John Welch | +44 (0)20 7418 8900 |
LEI: 213800WRDF8LB8MIEX37