17 Dec 2018 16:25
17 December 2018
Nucleus Financial Group plc
("Nucleus" or the "Company")
Share purchases under the Company's Share Incentive Plan
Director/PDMR Shareholding
Nucleus (AIM: NUC) announces that, further to the details included in the Company's AIM admission document in respect of the all-employee Share Incentive Plan ("SIP"), it has received notification that the first purchase of ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") by the SIP trustee on behalf of participating employees took place on 12 December 2018.
Nucleus supports the principles of wider share ownership amongst all its people and the SIP is designed to help employees acquire the Company's Ordinary Shares in a tax efficient way. The Nucleus SIP is an all-employee share ownership plan approved by HM Revenue and Customs, under which eligible employees are able to purchase Ordinary Shares in the Company via the SIP trustee, either by monthly salary deductions or by investing a lump sum (up to the value of £1,800) in the plan. The Ordinary Shares purchased are known as "Partnership Shares" and for each Partnership Share purchased, participants are awarded one matching free Ordinary Share (a "Matching Share"), which the SIP trustee purchases, funded by the Company. Partnership and Matching Shares must be held in the SIP for five years from the date of their respective purchase before they can be withdrawn by the employee free of income tax and National Insurance contributions. Purchases of Partnership Shares and Matching Shares are anticipated to take place on a monthly basis going forwards on behalf of those employees participating during the relevant month.
Details of the Partnership Shares and Matching Shares purchased by the SIP trustee on behalf of PDMRs are set out in the table below. The Partnership and Matching Shares were purchased by the SIP trustee on behalf of the below PDMRs at a price of 135 pence per share.
Name/Position | Number ofPartnership Shares | Number of Matching Shares | Total resulting interest in Ordinary Shares* |
David Ferguson, Chief Executive Officer | 111 | 111 | 1,810,410 (2.37%) |
Andrew Smith, Chief Technology Officer | 1,333 | 1,333 | 377,619 (0.49%) |
Barry Neilson, Chief Customer Officer | 1,333 | 1,333 | 551,722 (0.72%) |
Kirsty Lynagh, Chief people officer | 111 | 111 | 78,302 (0.10%) |
* Includes Ordinary Shares held by closely associated persons and the SIP trustee on behalf of the PDMR
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | 1. David Ferguson 2. Andrew Smith 3. Barry Neilson 4. Kirsty Lynagh
| |||||
2. | Reason for the notification | ||||||
a) | Position / status | 1. Chief executive officer 2. Chief technology officer 3. Chief customer officer 4. 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 | Nucleus Financial Group plc | |||||
b) | LEI | 213800MAIAI3M7LM5950 | |||||
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 | ||||||
c) | Description of the financial instrument | Ordinary shares of 0.1p each
ISIN: GB00BG226J60 | |||||
d) | Nature of the transaction | Purchase and allocation of Partnership Shares and Matching Shares by the SIP trustee under the Company's SIP | |||||
e) | Price(s) and volume(s) |
| |||||
f) | Aggregated information
Aggregated volume
Price |
| |||||
g) | Date of the transaction | 12 December 2018
| |||||
h) | Place of the transaction | London Stock Exchange, AIM
| |||||
Nucleus
Stuart Geard, Chief Financial Officer Tel: +44 (0)13 1226 9800
Shore Capital (Nominated Adviser and Broker)
Hugh Morgan Tel: +44 (0)20 7408 4090
Edward Mansfield
Daniel Bush
Camarco (Media enquiries)
Jennifer Renwick Tel: +44 (0)20 3757 4994
Jake Thomas