Last checked at 22 Dec 2016 09:39
HORNBY PLC
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
On 20 December 2016, the following awards under the new Hornby Plc Long Term Incentive Plan 2016 (the "LTIP") were made to certain PDMR of the Company:
PDMR | No. of shares under award |
Roger Canham | 170,940 |
Steve Cooke | 2,136,752 |
David Mulligan | 598,290 |
Red Mckay | 649,572 |
The awards are 'performance share awards' and are structured as options with an exercise price of 1 pence per share over ordinary shares of nominal value of 1 pence each.
The awards will ordinarily become exercisable as from the publication of audited results for the financial year ending 31 March 2019, subject to the grantee's continued service and to the extent to which performance conditions are satisfied.
Details of the full notifications received by the Company are set out below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Roger Canham | ||||
2 | Reason for Notification | |||||
a) | Position/status | Executive Chairman | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Hornby Plc | ||||
b) | LEI | 549300WP2GJODSTKY488 | ||||
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 Identification code | Ordinary Shares of 1pence each in Hornby Plc GB00B01CZ652 | ||||
b) | Nature of the transaction | Grant of a performance share award under the Hornby Plc Long Term Incentive Plan 2016. The award will ordinarily become exercisable as from the publication of audited results for the financial year ending 31 March 2019,subject to continued service and to the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 20 December 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Steve Cooke | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Executive | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Hornby Plc | ||||
b) | LEI | 549300WP2GJODSTKY488 | ||||
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 Identification code | Ordinary Shares of 1 pence each in Hornby Plc GB00B01CZ652 | ||||
b) | Nature of the transaction | Grant of a performance share award under the Hornby Plc Long Term Incentive Plan 2016. The award will ordinarily become exercisable as from the publication of audited results for the financial year ending 31 March 2019 subject to continued service and to the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 20 December 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Mulligan | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Finance Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Hornby Plc | ||||
b) | LEI | 549300WP2GJODSTKY488 | ||||
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 Identification code | Ordinary Shares of 1 pence each in Hornby Plc GB00B01CZ652 | ||||
b) | Nature of the transaction | Grant of a performance share award under the Hornby Plc Long Term Incentive Plan 2016. The award will ordinarily become exercisable as from the publication of audited results for the financial year ending 31 March 2019 subject to continued service and to the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 20 December 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Red Mckay | ||||
2 | Reason for Notification | |||||
a) | Position/status | Supply Chain Director | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Hornby Plc | ||||
b) | LEI | 549300WP2GJODSTKY488 | ||||
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 Identification code | Ordinary Shares of 1 pence each in Hornby Plc GB00B01CZ652 | ||||
b) | Nature of the transaction | Grant of a performance share award under the Hornby Plc Long Term Incentive Plan 2016. The award will ordinarily become exercisable as from the publication of audited results for the financial year ending 31 March 2019 subject to continued service and to the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 20 December 2016 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
David Mulligan Company SecretaryHornby Plc
Tel: 01843 233500
Numis Securities
Oliver Cardigan (Nomad)
Paul Gillam
Tom Ballard
Tel: 020 7260 1000
22nd December, 2016