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22 Apr 2021 09:32
22 April 2021
FDM Group (Holdings) plc
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
PSP Award - 21 April 2021
On 21 April 2021 FDM Group (Holdings) plc ("FDM") granted awards over ordinary shares in the Company under the FDM 2014 Performance Share Plan (the "PSP"), as noted below.
The vesting of the awards is subject to the achievement of a performance condition based upon FDM's earnings per share assessed over a three-year performance period commencing with FDM's 2021 financial year as follows
Adjusted EPS in the final financial year of the performance period | Vesting percentage |
35.7 pence | 25% |
Greater than 35.7 pence but less than 38.3 pence | Determined on a straight line basis between 25% and 100% |
38.3 pence or more than 38.3 pence | 100% |
The extent to which the awards vest will be subject to the Remuneration Committee's assessment of the overall financial performance of the Company over the performance period.
Ordinarily, the awards will vest (subject to the achievement of the performance condition) following the announcement of FDM's results for its 2023 financial year.
The awards will not be released, so that shares can be acquired, until the end of a holding period of two years beginning on the vesting date.
Each award has been granted in the form of an option with an exercise price per share of £0.01.
Name | Number of shares subject to award |
Executive Directors | |
Roderick Flavell | 30,000 |
Sheila Flavell | 30,000 |
Andrew Brown | 30,000 |
Michael McLaren | 30,000 |
Other Senior Managers | |
Jonathan Young | 30,000 |
The notification below provides further information about these transactions.
1 | Details of the person discharging managerial responsibilities / person closely associated
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(a) | Name | (i) Roderick Flavell (ii) Sheila Flavell (iii) Andrew Brown (iv) Michael McLaren (v) Jonathan Young | ||||||||||||||||||
2 | Reason for the notification
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(a) | Position/Status | (i) Chief Executive Officer (ii) Chief Operating Officer (iii) Chief Commercial Officer (iv) Chief Financial Officer (v) Chief Information Officer | ||||||||||||||||||
(b) | Initial notification / Amendment | Initial notification
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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(a) | Name | FDM Group (Holdings) plc
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(b) | LEI | 213800YR62D7GUZLMZ71 | ||||||||||||||||||
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
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(a) | Description of the financial instrument, type of instrument
Identification Code
| Ordinary Shares of £0.01
ISIN: GB00BLWDVP51 | ||||||||||||||||||
(b) | Nature of the transaction
| Grant of awards over Ordinary Shares
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(c) | Price(s) and volume(s) |
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(d) | Aggregated Information - Aggregated Volume
- Price |
N/A
N/A | ||||||||||||||||||
(e) | Date of the Transaction | 21 April 2021
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(f) | Place of the Transaction | Outside a trading venue
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Name of authorised official of issuer responsible for making notification: | Mark Heather, Company Secretary, FDM Group (Holdings) plc | |||||||||||||||||||
Enquiries:
Mike McLaren - Chief Financial Officer 0203 056 8240
Mark Heather - Company Secretary 0203 056 8240
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