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4 Sep 2024 13:10
4 September 2024
Network International Holdings plc
("Network International" or the "Group")
Notification and public disclosure of vesting of ADBP Awards to Directors and Persons Discharging Managerial Responsibilities ("PDMR")
This announcement is made in accordance with Article 19 of the Market Abuse Regulation ('MAR') and relates to the vesting of Tranche 1 - 2022 ADBP Awards of ordinary shares by the Executive Directors, who voluntarily deferred their annual bonus for the year ending 31st December 2022 into shares vesting in two tranches: tranche 1 vesting on 2 September 2024 and tranche 2 vesting on 2 March 2026.
A copy of the FCA notification form in respect of vesting of the award to each PDMR, as required under the EU Market Abuse Regulation and in the prescribed format, is set out below.
Notification of a Transaction pursuant to Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | Nandan Mer | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Group 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 | Network International Holdings plc | ||||||||
b) | LEI | 213800XVRNKWENNLKK60 | ||||||||
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 | Shares
GB00BH3VJ782 | ||||||||
b) | Nature of the transaction | Vesting of shares in respect of the Tranche 1 - Annual Deferred Bonus Plan 2022 award. | ||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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e) | Date of the transaction | 2 September 2024 | ||||||||
f) | Place of the transaction | London Stock Exchange, Main Market | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | Rohit Malhotra | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Group 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 | Network International Holdings plc | ||||||||
b) | LEI | 213800XVRNKWENNLKK60 | ||||||||
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 | Shares
GB00BH3VJ782 | ||||||||
b) | Nature of the transaction | Vesting of shares in respect of the Tranche -1 Annual Deferred Bonus Plan 2022 award. | ||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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e) | Date of the transaction | 2 September 2024 | ||||||||
f) | Place of the transaction | London Stock Exchange, Main Market | ||||||||
Enquiries
Network International Jay Razzaq: Chief Risk Officer & Group Company Secretary |
jay.razzaq@network.global |
Amie Gramlick: Senior Vice President Finance - FP&A and Investor Relations | InvestorRelations@Network.Global |
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Media enquiries
Teneo NetworkInternational@Teneo.com
Anthony Di Natale, Andy Parnis
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