Last checked at 16 Mar 2022 15:41
Hill & Smith Holdings PLC ('Hill & Smith' or 'the Company')Director Shareholdings
16 March 2022
Hill & Smith announces the following dealings by Directors of the Company in connection with its employee share plan arrangements.
Hill & Smith 2014 Long-Term Incentive Plan - 2022 LTIP Award
On 16 March 2022 the Company granted awards under the Hill & Smith Holdings 2014 Long Term Incentive Plan (the "LTIP"). The awards have been granted in the form of rights to acquire ordinary shares in the Company.
Paul Simmons (Chief Executive Officer) has been granted an award over 59,541 ordinary shares and Hannah Nichols (Chief Financial Officer) has been granted an award over 31,487 ordinary shares.
The vesting of the Awards is subject to the achievement of performance conditions assessed over the three year performance period 2022 - 2024, details of which are included in the Directors' Remuneration Report for the year ended 31 December 2021.
The Awards will (subject to the achievement of the performance conditions) vest following the end of the performance period but may not ordinarily be exercised until the end of a further two-year holding period.
Deferred Bonus Plan awards in respect of 2021 bonuses
On 16 March 2022 the Company granted awards under the rules of its Deferred Bonus Plan in respect of bonuses earned for the year ending 31 December 2021.
Paul Simmons has been granted an award over 25,435 ordinary shares and Hannah Nichols has been granted an award over 13,298 ordinary shares.
The awards will vest following the end of a two-year deferral period.
Exercise of share award
In its 2020 Directors' Remuneration Report, the Company announced that it had granted Paul Simmons awards over Hill & Smith ordinary shares in respect of remuneration forfeited at his former employer. The first of these awards vested in July 2021 and was exercised on 11 March 2022.
Paul acquired 15,135 shares pursuant to the exercise, being the number of shares net of the tax and National Insurance liability.
Paul has retained all of the shares acquired pursuant to the exercise of this award.
2022 LTIP Awards
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | Mr P Simmons | ||||
2. | Reason for the notification | |||||
(a) | Position/status | Chief Executive Officer | ||||
(b) | Initial notification/ Amendment | Initial notification | ||||
3. | Details of the issuer | |||||
(a) | Name | Hill & Smith Holdings plc | ||||
(b) | LEI | 2138003A3ISGQZBOWI83 | ||||
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 | Ordinary shares of £0.25 each | ||||
(b) | Identification code of the Financial Instrument | GB0004270301 | ||||
(c) | Nature of the transaction | Grant of 2022 LTIP award | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information | N/A single transaction | ||||
(f) | Date of the transaction | 16 March 2022 | ||||
(g) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | Mrs H K Nichols | ||||
2. | Reason for the notification | |||||
(a) | Position/status | Chief Financial Officer | ||||
(b) | Initial notification/ Amendment | Initial notification | ||||
3. | Details of the issuer | |||||
(a) | Name | Hill & Smith Holdings plc | ||||
(b) | LEI | 2138003A3ISGQZBOWI83 | ||||
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 | Ordinary shares of £0.25 each | ||||
(b) | Identification code of the Financial Instrument | GB0004270301 | ||||
(c) | Nature of the transaction | Grant of 2022 LTIP award | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information | N/A single transaction | ||||
(f) | Date of the transaction | 16 March 2022 | ||||
(g) | Place of the transaction | Outside a trading venue | ||||
Deferred Bonus Plan awards
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | Mr P Simmons | ||||
2. | Reason for the notification | |||||
(a) | Position/status | Chief Executive Officer | ||||
(b) | Initial notification/ Amendment | Initial notification | ||||
3. | Details of the issuer | |||||
(a) | Name | Hill & Smith Holdings plc | ||||
(b) | LEI | 2138003A3ISGQZBOWI83 | ||||
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 | Ordinary shares of £0.25 each | ||||
(b) | Identification code of the Financial Instrument | GB0004270301 | ||||
(c) | Nature of the transaction | Grant of Deferred Bonus Plan award | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information | N/A single transaction | ||||
(f) | Date of the transaction | 16 March 2022 | ||||
(g) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | Mrs H K Nichols | ||||
2. | Reason for the notification |
| ||||
(a) | Position/status | Chief Financial Officer | ||||
(b) | Initial notification/ Amendment | Initial notification | ||||
3. | Details of the issuer | |||||
(a) | Name | Hill & Smith Holdings plc | ||||
(b) | LEI | 2138003A3ISGQZBOWI83 | ||||
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 | Ordinary shares of £0.25 each | ||||
(b) | Identification code of the Financial Instrument | GB0004270301 | ||||
(c) | Nature of the transaction | Grant of Deferred Bonus Plan award | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information | N/A single transaction | ||||
(f) | Date of the transaction | 16 March 2022 | ||||
(g) | Place of the transaction | Outside a trading venue | ||||
Exercise of share award
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | Mr P Simmons | ||||
2. | Reason for the notification | |||||
(a) | Position/status | Chief Executive Officer | ||||
(b) | Initial notification/ Amendment | Initial notification | ||||
3. | Details of the issuer | |||||
(a) | Name | Hill & Smith Holdings plc | ||||
(b) | LEI | 2138003A3ISGQZBOWI83 | ||||
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 | Ordinary shares of £0.25 each | ||||
(b) | Identification code of the Financial Instrument | GB0004270301 | ||||
(c) | Nature of the transaction | Acquisition of shares pursuant to the exercise of a share award | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information | N/A single transaction | ||||
(f) | Date of the transaction | 11 March 2022 | ||||
(g) | Place of the transaction | Outside a trading venue | ||||