Sign In
5 May 2020 11:48
5 May 2020
Hastings Group Holdings plc
Notification of Transactions by Directors/Persons Discharging Managerial Responsibility ("PDMRs")
A conditional award over ordinary shares of £0.02 pence in Hastings Group Holdings plc (the "Company"), granted to the following PDMR under the Hastings 2015 Long Term Incentive Plan (the "Award") on 18 September 2019; the first tranche of the Award vested on 30 March 2020.
No consideration was paid for the grant of the Award, which was made to compensate for the forfeiture of expected bonus awards from a former employer. No performance conditions attached to the Award and no holding period applies upon vesting.
This vested Award, including accrued dividend equivalent entitlements, was released on 1 May 2020; the number of vested Shares, net of relevant tax and social security charges, released is shown below:
Name | Position | Net Number of Shares |
John Worth | CFO | 54,826 |
Full details of the Award were disclosed in the Company's Remuneration Report within the Annual Report and Accounts for the year ended 31 December 2019 (page 108).
This notification is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
Tony LeppardGroup Company Secretarycosec@hastingsplc.com
John ArmstrongHead of Investor Relationsir@hastingsplc.com
Instinctif PartnersTim Linacre / Lewis Hill+44 (0) 207 457 2020hastings@instinctif.com
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | John Worth |
2 | Reason for the notification | |
a) | Position/status | CFO |
b) | Initial/Amendment notification | Initial |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Hastings Group Holdings plc |
b) | LEI | 213800NEVE8DLWEL2Y16 |
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 2 pence each
ISIN: GB00BYRJH519 |
b) | Nature of the transaction | Vesting of the first tranche of a conditional award under the Hastings 2015 Long Term Incentive Plan to compensate for the forfeiture of expected bonus awards from a former employer. No performance conditions attached to the Award and no holding period applies upon vesting. Number of shares delivered, net of tax and social security charges. |
c) | Price(s) and volume(s) |
54,826 shares
£N/A |
d) | Aggregated information
- Aggregated volume
- Price |
54,826 shares
£N/A |
e) | Date of the transaction | 1 May 2020 |
f) | Place of the transaction | Outside a trading venue |
Follow the stocks
