Last checked at 24 Nov 2020 13:25
Brooks Macdonald Group PLC
(the "Company")
Director/PDMR Shareholding
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") in accordance with the Market Abuse Regulations.
On 24 November 2020, the Company granted pursuant to the 2018 Brooks Macdonald Long Term Incentive Plan (the "Plan") exceptional awards (the "Exceptional Awards") over the ordinary shares of 1 pence each in the Company (the "Shares") to the following PDMRs:
PDMR | Number of Shares Over Which Awards are Granted |
Robin Eggar | 1,530 |
Andrew Shepherd | 2,040 |
The awards have been made to retain and incentivise key executives in order to deliver sustainable growth and in addition to align further the interests of those executives with those of shareholders.
Vesting of Award
The Exceptional Awards will vest in full subject to both the following performance conditions being met:
i) the maintenance of a satisfactory risk, compliance, governance and internal control environment, and
ii) general good health of the Company as assessed by the Remuneration Committee.
Timetable
The Exceptional Awards are expected to vest on 30 September 2023.
ANNEX
The notification below, made in accordance with the EU Market Abuse Regulation, provides further details:
1. | Details of the person discharging managerial responsibilities / 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 1pence each
BRK ISIN GB00B067N833 |
(b) | Nature of the transaction | Grant of a conditional award over the ordinary shares of 1 pence each in the Company |
(c) | Price(s) and volume(s) | Volume granted: 1,530 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: 1,530 Aggregated price: Nil |
| Date of the transaction | 24 November 2020 |
| Place of the transaction | Outside of a main market |
1. | Details of the person discharging managerial responsibilities / person closely associated | |
(a) | Name | Andrew Shepherd |
2. | Reason for the notification | |
(a) | Position/status | CEO International & Group Deputy CEO |
(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 1pence each
BRK ISIN GB00B067N833 |
(b) | Nature of the transaction | Grant of a conditional award over the ordinary shares of 1 pence each in the Company |
(c) | Price(s) and volume(s) | Volume granted: 2,040 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: 2,040 Aggregated price: Nil |
| Date of the transaction | 24 November 2020 |
| Place of the transaction | Outside of a main market |
Enquiries:
Brooks Macdonald Group PLC |
|
Caroline Connellan, CEO | +44 (0)20 7659 3492 |
Ben Thorpe, Group Finance Director | +44 (0)20 7659 3492 |
|
|
Peel Hunt LLP |
|
Adrian Trimmings / Rishi Shah / John Welch | +44 (0)20 7418 8900 |
LEI: 213800WRDF8LB8MIEX37