Last checked at 30 Nov 2018 12:46
Brooks Macdonald Group PLC
(the "Company")
Director/PDMR Shareholding
The Company announces that on 27 November 2018, awards over ordinary shares of 1pence (the "Shares") each in the Company were made to executive directors and PDMRs (the "Awards") in respect of deferred bonuses as follows:
A. Awards were granted to the following in respect of annual bonuses earned during the financial year 2018 by the participants.
Name of Director/PDMR | Number of Shares Over Which Awards are Granted |
Caroline Connellan | 6,574 |
Andrew Shepherd | 3,594 |
Nicholas Holmes | 2,382 |
Richard Spencer | 3,276 |
Jason Wood | 3,607 |
Thomas Emery | 972 |
B. Awards were granted to the following are in part in lieu of sacrificed awards granted to the executives by their previous employers which had lapsed as a result of their appointment to the Company:
Name of Director/PDMR | Number of Shares Over Which Awards are Granted |
Ben Thorpe | 2,905 |
Adrian Keane-Munday | 968 |
Priti Verma | 2,582 |
Both Awards were made pursuant to the Deferred Bonus Plan under the umbrella 2018 Brooks Macdonald Long Term Incentive Plan (the "Plan"). The Plan has been established to retain and incentivise key executives and to ensure that the interests of those individuals are closely aligned to the interests of shareholders. The Awards have been granted in the form of a nil cost option and, subject to the rules of the Plan will vest as follows:
· 31 August 2019 as regards 50% of the Shares subject to it.
· 31 August 2020 as regards 50% of the Shares subject to it
The vesting of the deferred bonus awards are to be satisfied by ordinary shares held by the Brooks Macdonald Employee Benefit Trust (the "EBT"). The Trustees of the EBT make periodic share purchases as they deem appropriate and, as at the current date, hold 225,703 Shares, representing approximately 1.62% of the issued share capital of the Company.
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 | 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 | 213800WRDF8LB8MIEX37 |
Transaction 1 | ||
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 options under Deferred Bonus Plan, 2018 Brooks Macdonald Long Term Incentive Plan |
(c) | Price(s) and volume(s) | Volume granted: 6,574 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
Date of the transaction | 27 November 2018 | |
Place of the transaction | Outside of a main market | |
1. | Details of the person discharging managerial responsibilities / person closely associated | |
(a) | Name | Ben Thorpe |
2. | Reason for the notification | |
(a) | Position/status | Finance Director |
(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 |
Transaction 1 | ||
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 options under Deferred Bonus Plan, 2018 Brooks Macdonald Long Term Incentive Plan |
(c) | Price(s) and volume(s) | Volume granted: 2,905 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
Date of the transaction | 27 November 2018 | |
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 | Deputy 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 |
Transaction 1 | ||
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 options under Deferred Bonus Plan, 2018 Brooks Macdonald Long Term Incentive Plan |
(c) | Price(s) and volume(s) | Volume granted: 3,594 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
Date of the transaction | 27 November 2018 | |
Place of the transaction | Outside of a main market | |
1. | Details of the person discharging managerial responsibilities / person closely associated | |
(a) | Name | Nicholas Holmes |
2. | Reason for the notification | |
(a) | Position/status | MD, 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 |
Transaction 1 | ||
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 options under Deferred Bonus Plan, 2018 Brooks Macdonald Long Term Incentive Plan |
(c) | Price(s) and volume(s) | Volume granted: 2,382 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
Date of the transaction | 27 November 2018 | |
Place of the transaction | Outside of a main market | |
1. | Details of the person discharging managerial responsibilities / person closely associated | |
(a) | Name | Adrian Keane-Munday |
2. | Reason for the notification | |
(a) | Position/status | MD, Financial Planning |
(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 |
Transaction 1 | ||
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 options under Deferred Bonus Plan, 2018 Brooks Macdonald Long Term Incentive Plan |
(c) | Price(s) and volume(s) | Volume granted: 968 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
Date of the transaction | 27 November 2018 | |
Place of the transaction | Outside of a main market | |
1. | Details of the person discharging managerial responsibilities / person closely associated | |
(a) | Name | Priti Verma |
2. | Reason for the notification | |
(a) | Position/status | Chief Risk 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 |
Transaction 1 | ||
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 options under Deferred Bonus Plan, 2018 Brooks Macdonald Long Term Incentive Plan |
(c) | Price(s) and volume(s) | Volume granted: 2,582 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
Date of the transaction | 27 November 2018 | |
Place of the transaction | Outside of a main market | |
1. | Details of the person discharging managerial responsibilities / person closely associated | |
(a) | Name | Richard Spencer |
2. | Reason for the notification | |
(a) | Position/status | Chief Investment 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 |
Transaction 1 | ||
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 options under Deferred Bonus Plan, 2018 Brooks Macdonald Long Term Incentive Plan |
(c) | Price(s) and volume(s) | Volume granted: 3,276 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
Date of the transaction | 27 November 2018 | |
Place of the transaction | Outside of a main market | |
1. | Details of the person discharging managerial responsibilities / person closely associated | |
(a) | Name | Jason Wood |
2. | Reason for the notification | |
(a) | Position/status | Chief Operating 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 |
Transaction 1 | ||
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 options under Deferred Bonus Plan, 2018 Brooks Macdonald Long Term Incentive Plan |
(c) | Price(s) and volume(s) | Volume granted: 3,607 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
Date of the transaction | 27 November 2018 | |
Place of the transaction | Outside of a main market | |
1. | Details of the person discharging managerial responsibilities / person closely associated | |
(a) | Name | Thomas Emery |
2. | Reason for the notification | |
(a) | Position/status | HR Director |
(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 |
Transaction 1 | ||
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 options under Deferred Bonus Plan, 2018 Brooks Macdonald Long Term Incentive Plan |
(c) | Price(s) and volume(s) | Volume granted: 972 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
Date of the transaction | 27 November 2018 | |
Place of the transaction | Outside of a main market | |
Enquiries:
Brooks Macdonald Group PLC | |
Caroline Connellan, Chief Executive | +44 (0)20 7499 6424 |
Peel Hunt LLP | |
Guy Wiehahn | +44 (0)20 7418 8900 |