20 May 2020 15:44
20 May 2020
Nucleus Financial Group plc
("Nucleus" or the "Company")
Grant of long term incentive awards to Executive Directors and other Persons Discharging Managerial Responsibility ("PDMRs")
Director/ PDMR shareholding
Nucleus announces that, on 19 May 2020, 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 Long Term Incentive Plan (the "LTIP") that was established at the time of its original admission to AIM.
PDMR | Role | No. of shares over which awards were granted |
David Ferguson | Chief Executive Officer | 311,715 |
Stuart Geard | Chief Finance Officer | 233,000 |
Barry Neilson | Chief Customer Officer | 127,908 |
Andrew Smith | Chief Technology Officer | 139,172 |
Kirsty Lynagh | Chief People Officer | 103,029 |
The vesting of each of the Awards is subject to the satisfaction of performance conditions that will be measured over prescribed three-year periods and which relate to the achievement of 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. Barry Neilson 4. Andrew Smith 5. Kirsty Lynagh
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2. | Reason for the notification | ||||||
a) | Position / status | 1. Chief Executive Officer 2. Chief Finance Officer 3. Chief Customer Officer 4. Chief Technology Officer 5. Chief People Officer
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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 | Grant of awards (in the form of nil-cost options) over Shares pursuant to the Company's Long Term Incentive Plan | |||||
e) | Price(s) and volume(s) |
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f) | 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
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g) | Date of the transaction | 19 May 2020
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h) | Place of the transaction | Outside a trading venue | |||||
For further information please contact:
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