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Executive Directors LTIP awards

17 Dec 2021 15:27

RNS Number : 0919W
Micro Focus International plc
17 December 2021
 

 

 

 

 

17 December 2021

 

 

 

 

Micro Focus International plc

("Micro Focus" or the "Company")

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

The Company announces that on 17 December 2021, annual long-term incentive plan awards were granted to the Executive Directors under the Micro Focus International plc Incentive Plan 2005 (LTIP) as follows:

· An LTIP award in respect of FY22 to Stephen Murdoch, Chief Executive Officer;

· An LTIP award in respect of FY22 to Matthew Ashley, Chief Financial Officer;

· An LTIP award in respect of FY21 to Matthew Ashley, Chief Financial Officer. This joining award was part of Mr Ashley's recruitment terms and was detailed in the announcement about his appointment on 1 June 2021. This award could not be granted sooner due to dealing restrictions.

These awards are subject to performance conditions measured over a three-year period (FY22, FY23 and FY24), which will be disclosed in the FY21 Annual Report, and were granted in accordance with the approved Directors' Remuneration Policy.

The notification below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulations, as it forms part of domestic law by virtue of The European Union (Withdrawal) Act 2018, gives further details.

 

 

 1

Details of the person discharging managerial responsibilities

a)

Name

Stephen Murdoch

2

Reason for the notification

a)

Position/status

Chief Executive Officer (PDMR)

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Micro Focus International plc

b)

LEI

213800F8E4X648142844

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 10 pence each ("Ordinary Shares")

GB00BJ1F4N75

b)

Nature of the transaction

FY22 LTIP award of a nil-cost option over Ordinary Shares under the Micro Focus International plc Incentive Plan 2005. There is no price payable on the grant, vesting or exercise of the nil-cost option. Vesting is subject to the achievement of performance conditions measured over a three-year period. Subject to the rules of the plan, the nil-cost option will be exercisable from vesting until the tenth anniversary of grant.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

506,103

d)

 

Aggregated information

 - Aggregated volume

 - Price

 

506,103

 Nil

e)

Date of the transaction

17 December 2021

f)

Place of the transaction

Outside a trading venue

 

 

 

 1

Details of the person discharging managerial responsibilities

a)

Name

Matthew Ashley

2

Reason for the notification

a)

Position/status

Chief Financial Officer (PDMR)

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Micro Focus International plc

b)

LEI

213800F8E4X648142844

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 10 pence each ("Ordinary Shares")

GB00BJ1F4N75

b)

Nature of the transaction

FY21 and FY22 LTIP awards of nil-cost options over Ordinary Shares under the Micro Focus International plc Incentive Plan 2005. There is no price payable on the grant, vesting or exercise of the nil-cost option. Vesting is subject to the achievement of performance conditions measured over a three-year period. Subject to the rules of the plan, the nil-cost options will be exercisable from vesting until the tenth anniversary of grant.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

625,186

d)

 

Aggregated information

 - Aggregated volume

 - Price

 

625,186

Nil

e)

Date of the transaction

17 December 2021

f)

Place of the transaction

Outside a trading venue

 

 

Enquiries:

Micro Focus Tel: +44 (0)1635 32646

Stephen Murdoch, CEO Investors@microfocus.com

Matthew Ashley, CFO

Ben Donnelly, Investor relations

 

 

Brunswick Tel: +44 (0) 20 7404 5959

Sarah West MicroFocus@brunswickgroup.com

Jonathan Glass

 

 

Notes to Editors:

About Micro Focus

Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise software company supporting the technology needs and challenges of the Global 2000. Our solutions help organizations leverage existing IT investments, enterprise applications and emerging technologies to address complex, rapidly evolving business requirements while protecting corporate information at all times. Our product portfolios are Security, IT Operations Management, Application Delivery Management, Information Management & Governance and Application Modernization & Connectivity. For more information, visit: www.microfocus.com

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END
 
 
DSHUBAVRAKUUAAA
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