Last checked at 24 Aug 2017 16:08
Brooks Macdonald Group plc
(the "Company")
Director / PDMR Shareholding
The Company announces that it has granted awards under the Company's existing Company Share Option Plan ("CSOP") and Long Term Incentive Scheme ("LTIS") (collectively referred to as, the "Awards") to its Chief Executive, Caroline Connellan, the details of which are set out below.
Number of Shares Date of Grant Vesting Date
CSOP award 1,491 18 August 2017 18 August 2020
LTIS awards 4,163 21 August 2017 13 March 2018
2,312 21 August 2017 13 March 2019
7,458 21 August 2017 10 April 2020
The vesting of the Awards is subject to ongoing employment with the Company and the achievement of certain performance conditions. Subject to the rules of the CSOP and LTIS, the Awards will vest on the above mentioned dates and remain exercisable until the tenth anniversary of the grant date.
The CSOP award has been granted in the form of an option with an exercise price per share of £20.11. The LTIS awards have been granted in the form of an option with an exercise price per share of £0.01.
The LTIS awards are in part in lieu of sacrificed awards granted to Caroline Connellan by her previous employer which have lapsed as a result of her appointment as Chief Executive of the Company (the "Outgoing Awards"). Accordingly, the vesting dates of part of the LTIS awards coincide with the vesting dates of the Outgoing Awards, had they not lapsed.
ANNEX
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Caroline Connellan | |||
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
| ||||
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 | Options over Ordinary Shares of 1 pence per share in Brooks Macdonald Group plc
| |||
Identification code | BRK
ISIN GB00B067N833 | ||||
b)
| Nature of the transaction
| Grant of options over Ordinary Shares of 1 pence per share in Brooks Macdonald Group plc under the LTIS and CSOP schemes | |||
c)
| Price(s) and volume(s) |
Volume(s) granted:
CSOP: 1,491 LTIS: 13,933
Exercise Price(s):
CSOP: GBP 20.11
LTIS: £0.01
| |||
| |||||
d)
| Aggregated information | ||||
Aggregated volume: 15,424 options | |||||
Aggregated price: n/a | |||||
e)
| Date of the transaction
|
CSOP: 18 August 2017 LTIS: 21 August 2017
| |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
Enquiries:
Brooks Macdonald Group PLC | |
Caroline Connellan, Chief Executive | +44 (0)20 7499 6424 |
Simon Jackson, Finance Director | |
Peel Hunt LLP | |
Guy Wiehahn | +44 (0)20 7418 8900 |