9 Nov 2016 09:36
9 November 2016
Diurnal Group plc
("Diurnal" or the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
On 8 November 2016 the following par value options over ordinary shares of 5 pence in Diurnal were granted under the Diurnal Group plc Long Term Incentive Plan (the "Plan") to persons discharging managerial responsibilities ("PDMR"):
PDMR | Total no. of shares under award | Type of awards |
Martin Whitaker | 133,333 | Performance Share Award |
Martin Whitaker | 69,565 | Deferred Bonus Award |
Ian Ardill | 81,250 | Performance Share Award |
Ian Ardill | 22,608 | Deferred Bonus Award |
The performance share awards will ordinarily vest no earlier than the third anniversary of their grant subject to the grantee's continued service and to the extent to which the performance conditions set for the awards are satisfied. Such awards may potentially vest until the fifth anniversary of their grant date.
The deferred bonus awards will ordinarily vest on the first anniversary of their grant subject to the grantee's continued service.
The awards were granted under award agreements that incorporated the terms of the Plan and comprised a mix of tax-favoured 'EMI' awards and non-tax favoured awards.
The exercise price payable per share under award is par value presently being 5 pence per ordinary share.
Details of the full notifications received by the Company are set out below:
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Martin Whitaker | ||||||||
2 | Reason for Notification | |||||||||
a) | Position/status | Chief Executive Officer | ||||||||
b) | Initial notification/Amendment | Initial Announcement | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Diurnal Group plc | ||||||||
b) | LEI | N/A | ||||||||
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 5 pence each in Diurnal Group plc GB00BDB6Q760 | ||||||||
b) | Nature of the transaction | Grant of awards under the Diurnal Group plc Long Term Incentive Plan as par value options as follows:
Non-EMI performance share award over 133,333 ordinary shares.
EMI deferred bonus award over 9,730 ordinary shares.
Non-EMI deferred bonus award over 59,835 ordinary shares.
The performance share award will ordinarily vest no earlier than the third anniversary of its grant subject to continued service and to the extent to which the performance conditions set for the awards are satisfied. Such award may potentially vest until the fifth anniversary of its grant date.
The deferred bonus awards will ordinarily vest on the first anniversary of their grant subject to continued service.
The exercise price payable per share under award is par value presently being 5 pence per ordinary share.
| ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Award over total of 202,898 ordinary shares. Nil price payable for grant. | ||||||||
e) | Date of the transaction | 8 November 2016 | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Ian Ardill | ||||||||
2 | Reason for Notification | |||||||||
a) | Position/status | Chief Financial Officer | ||||||||
b) | Initial notification/Amendment | Initial Announcement | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Diurnal Group plc | ||||||||
b) | LEI | N/A | ||||||||
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 5 pence each in Diurnal Group plc GB00BDB6Q760 | ||||||||
b) | Nature of the transaction | Grant of awards under the Diurnal Group plc Long Term Incentive Plan as par value options as follows:
EMI performance share award over 53,323 ordinary shares.
Non-EMI performance share award over 27,927 ordinary shares.
EMI deferred bonus award over 22,608 ordinary shares.
The performance share awards will ordinarily vest no earlier than the third anniversary of their grant subject to continued service and to the extent to which the performance conditions set for the awards are satisfied. Such awards may potentially vest until the fifth anniversary of their grant date.
The deferred bonus award will ordinarily vest on the first anniversary of its grant subject to continued service.
The exercise price payable per share under award is par value presently being 5 pence per ordinary share.
| ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Award over total of 103,858 ordinary shares. Nil price payable for grant. | ||||||||
e) | Date of the transaction | 8 November 2016 | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
For further information, please visit www.diurnal.co.uk or contact: | |
Diurnal Group plc | +44 (0)20 3727 1000 |
Martin Whitaker, CEO | |
Ian Ardill, CFO | |
Numis Securities Ltd (Nominated Adviser) | +44 (0)20 7260 1000 |
Nominated Adviser: Michael Meade, Freddie Barnfield, Paul Gillam | |
Corporate Broking: James Black | |
FTI Consulting | +44 (0)20 3727 1000 |
Simon Conway | |
Victoria Foster Mitchell | |