21 Feb 2018 10:01
EUROMONEY INSTITUTIONAL INVESTOR PLC
GRANT OF SHARE OPTIONS
19 February 2018
2015 Performance Share Plan
Euromoney Institutional Investor PLC (the "Company") announces that on 19 February 2018 share awards (the "Awards") in the form of conditional share awards or nil-cost options over Ordinary shares in the Company ("Shares") were made to the following persons discharging managerial responsibilities (PDMRs) in the Company, under the 2015 Performance Share Plan ("2015 PSP") as follows:
Name | Position | Maximum number of Shares under Award ("Award Shares") |
A Rashbass | CEO | 110,103 |
The number of Award Shares set out above is the maximum number which may vest under the Awards. The actual number of Award Shares which vest will depend on the extent to which performance conditions relating to Earnings per Share and Operating Margin have been satisfied over a three-year period from 1 October 2017 and ending on 30 September 2020. A two-year holding period will apply with vesting occurring on 19 February 2023.
Name | Maximum number of Shares under Award ("Award Shares") | |
C Fordham | MD, Corporate Development | 16,191 |
G Fox | Global HR director | 8,635 |
T Bratton | General Counsel | 8,635 |
The number of Award Shares set out above is the maximum number which may vest under the Awards. The actual number of Award Shares which vest will depend on the extent to which performance conditions relating to Earnings per Share and Operating Margin have been satisfied over a three-year period from 1 October 2017 and ending on 30 September 2020.
The share price used to determine the number of shares awarded was the average of the middle market quotations of an Ordinary Share as derived from the Daily Official List for the five dealing days preceding the date of grant.
Annual Bonus Plan
The Company announces that on 19 February 2018 a share award in the form of nil-cost options over 4,339 Ordinary shares in the Company was made to Andrew Rashbass under the Directors' Remuneration Policy (Annual bonus plan). These are deferred award shares which vest two years after award (subject to the rules of the policy).
The share price used to determine the number of shares awarded was the average of the middle market quotations of an Ordinary Share as derived from the Daily Official List for the five dealing days preceding the date of grant.
This notice is made in accordance with the requirements of the EU Market Abuse Regulation.
Ends
Any queries in relation to this announcement should be made to:
· Colin Jones, Finance Director: +44 20 7779 8666; cjones@euromoneyplc.com
· Tim Bratton, General Counsel & Company Secretary: +44 20 7779 8288; tim.bratton@euromoneyplc.com