13 Dec 2019 17:27
Ei Group plc (the 'Company')
Director/PDMR Shareholding
Grant of 2019 Deferred Share Awards
The Company confirms that on 13 December 2019 it granted to each of the executive directors a deferred share award (structured as an option) for the year ended 30 September 2019 under the Ei Group 2015 Annual Bonus Plan ('2015 Plan') over ordinary shares of 2.5 pence in the Company ('Shares') as set out below:
| Name/Position | Shares placed under Deferred Share Award | Name/Position | Shares placed under Deferred Share Award |
| W S Townsend Chief Executive Officer | 42,352 | N R Smith Chief Financial Officer | 34,988 |
These deferred share awards are in respect of the above individuals' total annual bonus award under the 2015 Plan for the financial year ended 30 September 2019 and are not subject to further performance criteria. 50% of any bonus awarded above target is deferred into shares. W S Townsend and N R Smith both deferred 22% of their overall bonus into deferred shares, the balance was paid in cash.
Under the rules of the 2015 Plan, the deferred share awards will be satisfied upon exercise by the transfer of Shares to the individuals from the Company's Employee Benefit Trust. For W S Townsend and N R Smith these deferred share awards will normally be exercisable from 13 December 2022 to 13 June 2023 for a total payment of £1 by each director.
Total Shares held
The total number and percentage of Shares beneficially held by the following directors immediately following these transactions are 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 | 1,417,352 0.29%
| N R Smith Chief Financial Officer | 559,988 0.11%
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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 | Grant of 2019 deferred share award over 42,352 shares, price - nil, part of 2019 annual bonus award.
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c) | Price(s) and volume(s) of share sales | Price(s) | Volume(s) |
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d) | Aggregated information of share sales Aggregated volume Price |
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e) | Date of the transactions | 13 December 2019 award only | |
f) | Place of the transaction of share sales | Award only | |
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 | Grant of 2019 deferred share award over 34,988 shares, price - nil, part of 2019 annual bonus award.
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c) | Price(s) and volume(s) of share sales | Price(s) | Volume(s) |
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d) | Aggregated information of share sales Aggregated volume Price |
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e) | Date of the transactions | 13 December 2019 award only | |
f) | Place of the transaction of shares sales | Award only | |
Contact:
Loretta Togher, Company Secretary
0121 272 5308