28 Aug 2019 09:59
DWF GROUP PLC (THE 'COMPANY')
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs')
On 27 August 2019, the Company granted to each of the PDMRs listed in the table below conditional awards (the Awards) over such number of Ordinary Shares of 1p each in the Company (Shares) as is set out below. The Awards were granted under the DWF Group plc Equity Incentive Plan (the EIP).
Name | Maximum number of Shares under Award |
Executive Director |
|
Andrew Leaitherland | 779,411 |
Chris Stefani | 336,134 |
The Awards will vest after three years, in accordance with the EIP rules, subject to continued employment and the satisfaction of the performance conditions. relating to Earnings per share ("EPS") growth, Return on capital employed ("ROCE") growth and Cash conversion ("CC") rate.
In accordance with the EIP rules, the vested Shares will be subject to a two-year holding period before the Shares are released.
This notification is made in accordance with the requirements of the EU Market Abuse Regulation.
Mollie Stoker
Company Secretary
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Andrew Leaitherland | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director / PDMR - 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
| DWF Group plc | ||||
b)
| LEI
| 213800O9QREOHTOGQ266 | ||||
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 £0.01 each
GB00BJMD6M39 | ||||
b)
| Nature of the transaction
| LTIP Award over Ordinary Shares under DWF Group plc Equity Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| 27 August, 2019 | ||||
f)
| Place of the transaction
| London | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Chris Stefani | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director / PDMR – Chief Financial Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| DWF Group plc | ||||
b)
| LEI
| 213800O9QREOHTOGQ266 | ||||
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 £0.01 each
GB00BJMD6M39 | ||||
b)
| Nature of the transaction
| LTIP Award over Ordinary Shares under DWF Group plc Equity Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A | ||||
e)
| Date of the transaction
| 27 August, 2019 | ||||
f)
| Place of the transaction
| London | ||||
DWF Group plc's Legal Entity Identifier code is 213800O9QREOHTOGQ266.