Last checked at 11 Mar 2024 17:06
Man Group plc
Notification of Transactions of Persons Discharging Managerial Responsibilities
Man Group plc (the "Company") announces that, on 8 March 2024, awards or options over ordinary shares of 3 3/7 US cents each were granted under the Group's incentive plans to the individuals listed below, who are considered to be persons discharging managerial responsibilities ("PDMRs").
Name | Role | Form of Award | Shares under Award(s) / Option(s) |
Robyn Grew | Chief Executive Officer | Conditional award | 1,034,620 |
Nil cost option | 506,245 | ||
Antoine Forterre | Chief Financial Officer | Conditional award | 639,583 |
Nil cost option | 109,446 | ||
Steven Desmyter | President | Conditional award | 181,741 |
Conditional award (5yr) | 235,140 |
Conditional awards have been granted to the executive directors, Robyn Grew and Antoine Forterre, under the Man Group plc 2019 Long Term Incentive Plan and will vest, subject to the satisfaction of performance conditions, three years after grant. Shares subject to vested awards will then be delivered to participants two years later.
Nil-cost options have been granted under the Man Group plc 2019 Deferred Share Plan. Options will become exercisable as to one third on each anniversary of grant and may be exercised up to the tenth anniversary of grant. Options which are held by participants subject to US tax will be exercised automatically as soon as they become exercisable.
Conditional awards have been granted to Steven Desmyter under the Man GLG Partners LLP 2019 Partner Deferred Share Plan. Conditional awards will vest, and shares will be delivered, as to one third on each anniversary of grant. Additional conditional awards, which will vest, and shares will be delivered on the fifth anniversary of grant (or earlier if certain performance hurdles have been met) have also been granted to Steven Desmyter.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Enquiries:
Karan Shirgaokar
Director of Investor Relations
+44 20 7144 1434
investor.relations@man.com
Georgiana Brunner
Head of Communications
+44 20 7144 1239
media@man.com
Elizabeth Woods
Company Secretary
+44 20 7144 1733
company.secretarial@man.com
Neil Doyle
FTI Consulting
+44 20 7197 8220
man@fticonsulting.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Robyn Grew |
2 | Reason for the notification | |
a) | Position/status | Chief Executive Officer |
b) | Initial notification/Amendment | This is an initial notification. |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Man Group plc |
b) | LEI | 2549003YWC1DW6LALB09 |
4 (i) | 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 | Ordinary shares of 3 3/7 US cents nominal value in Man Group plc. |
Identification code | JE00BJ1DLW90 | |
b) | Nature of the transaction | Grant of conditional award over 1,034,620 shares under the Man Group plc 2019 Long Term Incentive Plan. |
c) | Price(s) and volume(s) | Prices(s) Volume(s) Nil 1,034,620 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 2024-03-08 |
f) | Place of the transaction | Outside a trading venue |
4 (ii) | 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 | Ordinary shares of 3 3/7 US cents nominal value in Man Group plc. |
Identification code | JE00BJ1DLW90 | |
b) | Nature of the transaction | Grant of nil cost share option over 506,245 shares under the Man Group plc 2019 Deferred Share Plan. |
c) | Price(s) and volume(s) | Prices(s) Volume(s) Nil 506,245 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 2024-03-08 |
f) | Place of the transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Antoine Forterre | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | This is an initial notification. | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Man Group plc | ||||
b) | LEI | 2549003YWC1DW6LALB09 | ||||
4 (i) | 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 | Ordinary shares of 3 3/7 US cents nominal value in Man Group plc. | ||||
Identification code | JE00BJ1DLW90 | |||||
b) | Nature of the transaction | Grant of conditional award over 639,583 shares under the Man Group plc 2019 Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information | N/A | ||||
e) | Date of the transaction | 2024-03-08 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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 | Ordinary shares of 3 3/7 US cents nominal value in Man Group plc. | ||||
Identification code | JE00BJ1DLW90 | |||||
b) | Nature of the transaction | Grant of nil cost share option over 109,446 shares under the Man Group plc 2019 Deferred Share Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information | N/A | ||||
e) | Date of the transaction | 2024-03-08 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Steven Desmyter | ||||
2 | Reason for the notification | |||||
a) | Position/status | President | ||||
b) | Initial notification/Amendment | This is an initial notification. | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Man Group plc | ||||
b) | LEI | 2549003YWC1DW6LALB09 | ||||
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 | Ordinary shares of 3 3/7 US cents nominal value in Man Group plc. | ||||
Identification code | JE00BJ1DLW90 | |||||
b) | Nature of the transaction | Grant of conditional award over 181,741 shares under the Man GLG Partners LLP 2019 Partner Deferred Share Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information | N/A | ||||
e) | Date of the transaction | 2024-03-08 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
4 (ii) | 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 | Ordinary shares of 3 3/7 US cents nominal value in Man Group plc. | ||||
Identification code | JE00BJ1DLW90 | |||||
b) | Nature of the transaction | Grant of conditional award over 235,140 shares under the Man GLG Partners LLP 2019 Partner Deferred Share Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information | N/A | ||||
e) | Date of the transaction | 2024-03-08 | ||||
f) | Place of the transaction | Outside a trading venue | ||||