26 Jul 2018 11:05
26 July 2018
Nucleus Financial Group plc
("Nucleus" or the "Company")
Grant of long term incentive awards to Executive Directors and other Persons Discharging Managerial Responsibility ("PDMRs")
Further to the disclosures made in paragraph 15 of part 6 of the Company's admission document, Nucleus announces that, on 26 July 2018, it granted long term incentive awards in the form of nil-cost options (the "Awards") over its ordinary shares of 0.1 pence each ("Shares") to the Executive Directors and other PDMRs set out below under the terms of its newly established Long Term Incentive Plan (the "LTIP").
PDMR | Role | No. of Shares over which Awards were granted |
David Ferguson | Chief Executive Officer | 243,441 |
Stuart Geard | Chief Financial Officer | 164,180 |
Doug Heron | Chief Operating Officer | 68,865 |
Kirsty Lynagh | Chief People Officer | 69,060 |
Nicola Megaw | Chief Legal Officer and Company Secretary | 57,602 |
Barry Neilson | Chief Customer Officer | 96,135 |
Andrew Smith | Chief Technology Officer | 83,483 |
The vesting of each of the Awards is subject to the satisfaction of performance conditions that have been set by the Remuneration Committee of the Company. These conditions (which will be assessed over prescribed three year periods) relate to the achievement of specified targets applicable to earnings per share, net-inflow of assets under administration and total shareholder return. Vesting will also normally be dependent on the continued employment of the participant within the Company's group.
The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).
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. Stuart Geard 3. Doug Heron 4. Kirsty Lynagh 5. Nicola Megaw 6. Barry Neilson 7. Andrew Smith | ||||||||||||||||||||||||
2
| Reason for the notification
| |||||||||||||||||||||||||
a)
| Position/status
| 1. Chief Executive Officer 2. Chief Financial Officer 3. Chief Operating Officer 4. Chief People Officer 5. Chief Legal Officer and Company Secretary 6. Chief Customer Officer 7. Chief Technology 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
| |||||||||||||||||||||||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of 0.1 pence each
GB00BG226J60 | ||||||||||||||||||||||||
b)
| Nature of the transaction
| Grant of awards (in the form of nil-cost options) over Shares pursuant to the Nucleus Financial Group plc Long Term Incentive Plan
| ||||||||||||||||||||||||
c)
| Price(s) and volume(s)
|
| ||||||||||||||||||||||||
d)
| Aggregated information
-Aggregated volume
- Price
| 1. N/A single transaction 2. N/A single transaction 3. N/A single transaction 4. N/A single transaction 5. N/A single transaction 6. N/A single transaction 7. N/A single transaction | ||||||||||||||||||||||||
e)
| Date of the transaction
| 26 July 2018 | ||||||||||||||||||||||||
f)
| Place of the transaction
| Outside a trading venue | ||||||||||||||||||||||||
For further information please contact: | |
Nucleus Nicola Megaw, Company Secretary
| Tel: +44 (0)13 1226 9800
|
Shore Capital (Nominated Adviser & Broker) Hugh Morgan Edward Mansfield Daniel Bush | Tel: +44 (0)20 7408 4090 |
Camarco (Media enquiries) Jennifer Renwick Jake Thomas | Tel: +44 (0)20 3757 4994
|