22 Jan 2019 15:45
Ei Group plc (the 'Company')
Director/PDMR Shareholding
Vesting and exercise of 2015 Deferred Share Awards
The Company confirms that on 21 January 2019, pursuant to deferred share awards granted on 14 December 2015 under the Ei Group plc 2015 Annual Bonus Plan, the executive directors acquired the following ordinary shares for a total payment of £1 each:
Name/Position | Shares acquired on exercise of deferred share award | Name/Position | Shares acquired on exercise of deferred Share award |
W S Townsend Chief Executive Officer | 24,608 | N R Smith Chief Financial Officer | 23,709 |
Vesting and exercise of Long Term Incentive Plan Awards
The Company also confirms that on 21 January 2019 the executive directors exercised the second tranche of an option (being one third of the option) granted on 9 February 2015 under the Ei Group plc 2015 Long Term Incentive Plan, to acquire the following ordinary shares for a total payment of £1 each:
Name/Position | Shares acquired on exercise of option under Long Term Incentive Plan | Name/Position | Shares acquired on exercise of option under Long Term Incentive Plan |
W S Townsend Chief Executive Officer | 14,424 | N R Smith Chief Financial Officer | 11,758 |
Also on 21 January 2019, following the assessment of three performance conditions applying to the options, the executive directors exercised the first tranche of an option (being one third of the option) granted on 12 February 2016 under the Ei Group 2015 Long Term Incentive Plan, to acquire the following ordinary shares for a total payment of £1 each:
Name/Position | Shares acquired on exercise of option under Long Term Incentive Plan | Name/Position | Shares acquired on exercise of option under Long Term Incentive Plan |
W S Townsend Chief Executive Officer | 144,528 | N R Smith Chief Financial Officer | 117,957 |
Sale of Shares
Also on 21 January 2019, the directors sold shares as follows:
Name/Position | Shares sold at 203.84p | Name/Position | Shares sold at 203.84p |
W S Townsend Chief Executive Officer | 86,394 shares to cover tax and costs plus 46,640 shares Total shares sold: 133,034 | N R Smith Chief Financial Officer | 72,215 shares to cover tax and costs plus 41,209 shares Total shares sold: 113,424 |
Total Shares held
The total number and percentage of ordinary shares beneficially held by the following directors immediately following these transactions has increased and is now as follows:
Name/Position | Total holding and % of issued shares (excluding treasury) | Name/Position | Total holding and % of issued shares (excluding treasury) |
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W S Townsend Chief Executive Officer | 1,375,000 0.30%
| N R Smith Chief Financial Officer | 565,000 0.12%
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Public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Notification of Dealing Form
1 | Details of the person discharging managerial responsibility /persons closely associated with them. | ||
a) | Name | W S Townsend | |
2 | Reason for the Notification | ||
a) | Position/status | CEO | |
b) | Initial Notification/Amendment | Initial Notification | |
3 | Details of the issuer | ||
a) | Name | Ei Group plc | |
4 | Details of the transactions | ||
a) | Description of the financial instruments, type of instrument Identification Code | Ordinary Shares of 2.5 pence each GB00B1L8B624 | |
b) | Nature of transactions |
Vesting and exercise of a deferred share award over 24,608 shares, part of 2015 annual bonus award - total exercise price £1.
Vesting and exercise of second tranche of long term incentive plan award granted in February 2015 over 14,424 shares - total exercise price £1.
Vesting and exercise of first tranche of long term incentive plan award granted in February 2016 over 144,528 shares - total exercise price £1.
Sale of 133,034 shares (including to cover tax and costs) at 203.84p | |
c) | Price(s) and volume(s) of share sales | Price(s) | Volume(s) |
203.84p | 133,034 | ||
d) | Aggregated information of share sales Aggregated volume Price |
133,034 203.84p | |
e) | Date of the transactions | 21 January 2019 | |
f) | Place of the transaction of share sales | UK market (LSE and MTF venues) | |
1 | Details of the person discharging managerial responsibility /persons closely associated with them. | ||
a) | Name | N R Smith | |
2 | Reason for the Notification | ||
a) | Position/status | CFO | |
| Initial Notification/Amendment | Initial Notification | |
3 | Details of the issuer | ||
a) | Name | Ei Group plc | |
4 | Details of the transactions | ||
a) | Description of the financial instruments, type of instrument Identification Code | Ordinary Shares of 2.5 pence each GB00B1L8B624 | |
b) | Nature of transactions |
Vesting and exercise of a deferred share award over 23,709 shares, part of 2015 annual bonus award - total exercise price £1.
Vesting and exercise of second tranche of long term incentive plan award granted in February 2015 over 11,758 shares - total exercise price £1.
Vesting and exercise of first tranche of long term incentive plan award granted in February 2016 over 117,957 shares - total exercise price £1.
Sale of 113,424 shares (including to cover tax and costs) at 203.84p
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c) | Price(s) and volume(s) of share sales | Price(s) | Volume(s) |
203.84p | 113,424 | ||
d) | Aggregated information of share sales Aggregated volume Price |
113,424 203.84p | |
e) | Date of the transactions | 21 January 2019 | |
f) | Place of the transaction of shares sales | UK market (LSE and MTF venues) | |
Contact:
Loretta Togher, Company Secretary, Ei Group plc
0121 272 5308