28 Jan 2020 15:37
28 January 2020
Hyve Group plc
('Hyve' or 'the Company')
Director/PDMR Shareholding
HYVE GROUP PLC - NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Hyve Group plc announces that on 23 January 2020 the following Directors and Persons Discharging Managerial Responsibility have been awarded Nominal Options over ordinary shares of 1 pence each of the Company under the Rules of the Hyve Group plc Employees' Performance Share Plan 2014 (as amended in 2019) ('PSP') as shown below.
Name | Title | Number of shares under PSP Awards |
Andrew Beach | Chief Financial Officer | 220,149 |
John Gulliver | Chief Operating Officer | 192,164 |
Corina Holmes | Chief People Officer | 167,910 |
Helen Milburn | General Counsel | 132,929 |
Mark Shashoua | Chief Executive Officer | 458,955 |
Subject to the terms of the PSP, the awards will vest and become exercisable from the third anniversary of the grant of the awards subject to continued service and to the extent to which the relevant performance conditions are satisfied over the three financial years ending 30 September 2022.
Performance conditions
Similar to the awards made in prior years, the performance conditions applied to these awards are a combination of financial and TSR performance targets as follows:
Earnings per share (40% weighting)
2022 Headline diluted EPS | % of EPS part vesting |
Less than 6.0p | 0% |
6.0p | 30% (CEO - 20%) |
6.9p | 100% |
Vesting will be on a straight-line basis between 6.0p and 6.9p.
Relative Total Shareholder Return (40% weighting)
Hyve TSR relative to comparator group | % of EPS part vesting |
Below median | 0% |
Median | 30% (CEO - 20%) |
Upper quartile | 100% |
Vesting will be on a straight-line basis between the median and upper quartile.
Return on Capital Employed (20% weighting)
2022 ROCE | % of EPS part vesting |
Less than 10% | 0% |
10% | 30% (CEO - 20%) |
12% | 100% |
Vesting will be on a straight-line basis between 10% and 12%.
Set out below are the notifications made in accordance with Article 19 of the EU Market Abuse Regulation.
For further information please contact:
Hyve Group plc Jared Cranney, Company Secretary
|
+44 (0)20 7596 5000
|
FTI Consulting Charles Palmer/Chris Birt
|
+44 (0)20 3727 1000
|
Notification of Dealing Form:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Andrew Beach | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer
| ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Hyve Group plc | ||||
b)
| LEI
| 549300ZOQOW485BCD047 | ||||
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 | Ordinary Shares of 1 pence each | ||||
Identification code | ISIN: GB0002520509 | |||||
b)
| Nature of the transaction
| Grant of 1p cost options under the Company's Employees' Performance Share Plan
| ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information
Volume
Price | n/a single transaction
| ||||
e) | Date of transaction | 23 January 2020 | ||||
f) | Place of transaction | Outside a trading venue | ||||
Notification of Dealing Form:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| John Gulliver | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Operating Officer | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Hyve Group plc | ||||
b)
| LEI
| 549300ZOQOW485BCD047 | ||||
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
| Ordinary Shares of 1 pence each | ||||
Identification code | ISIN: GB0002520509 | |||||
b)
| Nature of the transaction
| Grant of 1p cost options under the Company's Employees' Performance Share Plan
| ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information
Volume
Price | n/a single transaction
| ||||
e) | Date of transaction | 23 January 2020 | ||||
f) | Place of transaction | Outside a trading venue | ||||
Notification of Dealing Form:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Corina Holmes | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief People Officer
| ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Hyve Group plc | ||||
b)
| LEI
| 549300ZOQOW485BCD047 | ||||
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
| Ordinary Shares of 1 pence each | ||||
Identification code | ISIN: GB0002520509 | |||||
b)
| Nature of the transaction
| Grant of 1p cost options under the Company's Employees' Performance Share Plan
| ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information
Volume
Price | n/a single transaction
| ||||
e) | Date of transaction | 23 January 2020 | ||||
f) | Place of transaction | Outside a trading venue | ||||
Notification of Dealing Form:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Helen Milburn | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| General Counsel | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Hyve Group plc | ||||
b)
| LEI
| 549300ZOQOW485BCD047 | ||||
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
| Ordinary Shares of 1 pence each | ||||
Identification code | ISIN: GB0002520509 | |||||
b)
| Nature of the transaction
| Grant of 1p cost options under the Company's Employees' Performance Share Plan
| ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information
Volume
Price | n/a single transaction
| ||||
e) | Date of transaction | 23 January 2020 | ||||
f) | Place of transaction | Outside a trading venue | ||||
Notification of Dealing Form:
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mark Shashoua | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer
| ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Hyve Group plc | ||||
b)
| LEI
| 549300ZOQOW485BCD047 | ||||
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
| Ordinary Shares of 1 pence each | ||||
Identification code | ISIN: GB0002520509 | |||||
b)
| Nature of the transaction
| Grant of 1p cost options under the Company's Employees' Performance Share Plan
| ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information
Volume
Price | n/a single transaction
| ||||
e) | Date of transaction | 23 January 2020 | ||||
f) | Place of transaction | Outside a trading venue | ||||
About Hyve Group plc
Hyve Group plc is a next generation FTSE 250 global events business whose purpose is to create unmissable events, where customers from all corners of the globe share extraordinary moments and shape industry innovation. Hyve Group plc was announced as the new brand name of ITE Group plc in September 2019, following its significant transformation under the Transformation and Growth (TAG) programme. Our vision is to create the world's leading portfolio of content-driven, must-attend events delivering an outstanding experience and ROI for our customers.
Where business is personal, where meetings move markets and where today's leaders inspire tomorrow's.