19 Jan 2023 07:00
Numis Corporation Plc ("Numis")
Grant of awards under 2021 Long Term Incentive Plan (LTIP)
and
Notification of transactions by PDMRs
The Board announces that on 18 January 2023 the Company granted 2,056,073 performance shares under the Numis Corporation Long Term Incentive Plan 2021 ("Awards") to the Executive Directors of the Company. The grant of these Awards is in line with the Remuneration policy set out in the Company's latest Annual Report published on 16 December 2022.
Director | Award shares |
Alex Ham | 887,850 |
Ross Mitchinson | 887,850 |
Andrew Holloway | 280,373 |
The vesting of the Award shares is conditional on meeting performance conditions measured over a three-year period as described below. The Awards are subject to a further one year holding period during which vested awards cannot be sold.
Performance conditions
The Awards are subject to total shareholder return ("TSR") growth measures. TSR growth will be calculated as the difference between the 3 month average return index immediately before the start of the performance period and the average return index performance over the final 12 months of the 3 year performance period.
TSR Performance target | Percentage of Award vesting |
Below 6% | 0% |
6% p.a. | 25% |
6% - 20% p.a | Between 25% and 100% on a straight-line basis |
20% p.a. | 100% |
Awards will also be subject to an underpin whereby the Remuneration Committee will need to be satisfied that vesting is warranted based on financial, compliance, culture and risk performance over the performance period including an assessment of Numis' financial performance when measured against its peers, over the performance period.
Shareholding requirement
Shareholding requirements are in place and the Executive Directors are required to retain a percentage of their salary in shares. The shareholding requirement will also continue one year post cessation.
Director | Percentage of salary |
Alex Ham | 500% |
Ross Mitchinson | 500% |
Andrew Holloway | 200% |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMR) AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibility / person closely associated
| ||
a) |
Name |
Alexander Ham | |
2 | Reason for the notification | ||
a) |
Position/status |
PDMR (Joint 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 |
Numis Corporation Plc | |
b) |
LEI |
213800AREEDZZCNBHD25 | |
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 |
Share options | |
Identification code |
Ordinary share ISIN : GB00B05M6465 | ||
b) |
Nature of transaction |
Grant of options over the ordinary share capital of the Company under the 2021 Long Term Incentive Plan (2021 LTIP) | |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil cost |
887,850 | ||
d) |
Aggregated information | ||
Aggregated volume |
887,850 | ||
Price |
Nil cost | ||
e) |
Date of transaction |
18 January 2023 | |
f) |
Place of transaction |
UK, London Stock Exchange | |
1 | Details of the person discharging managerial responsibility / person closely associated
| ||
a) |
Name |
Ross Mitchinson | |
2 | Reason for the notification | ||
a) |
Position/status |
PDMR (Joint 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 |
Numis Corporation Plc | |
b) |
LEI |
213800AREEDZZCNBHD25 | |
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 |
Share options | |
Identification code |
Ordinary share ISIN : GB00B05M6465 | ||
b) |
Nature of transaction |
Grant of options over the ordinary share capital of the Company under the 2021 Long Term Incentive Plan (2021 LTIP) | |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil cost |
887,850 | ||
d) |
Aggregated information | ||
Aggregated volume |
887,850 | ||
Price |
Nil cost | ||
e) |
Date of transaction |
18 January 2023 | |
f) |
Place of transaction |
UK, London Stock Exchange | |
1 | Details of the person discharging managerial responsibility / person closely associated
| ||
a) |
Name |
Andrew Holloway | |
2 | Reason for the notification | ||
a) |
Position/status |
PDMR (Executive Director -Chief Finance Director) | |
b) |
Initial notification/amendment |
Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) |
Name |
Numis Corporation Plc | |
b) |
LEI |
213800AREEDZZCNBHD25 | |
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 |
Share options | |
Identification code |
Ordinary share ISIN : GB00B05M6465 | ||
b) |
Nature of transaction |
Grant of options over the ordinary share capital of the Company under the 2021 Long Term Incentive Plan (2021 LTIP) | |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
Nil cost |
280,373 | ||
d) |
Aggregated information | ||
Aggregated volume |
280,373 | ||
Price |
Nil cost | ||
e) |
Date of transaction |
18 January 2023 | |
f) |
Place of transaction |
UK, London Stock Exchange | |
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
19 January 2023
END
Contacts
Numis: | |
Noreen Biddle-Shah, Head of Communications | 020 7260 1441 |
FTI Consulting LLP: | |
Edward Bridges | 07768 216 607 |
Daisy Hall | 07807 298 568 |
Grant Thornton UK LLP (Nominated Adviser): | |
Philip Secrett | 020 7728 2578 |
Harrison Clarke | 020 7184 4384 |
Notes for editors
Numis (LON: NUM) is an international investment bank that partners with the most ambitious companies and investors, offering strategic advice, unique insights and connectivity to the capital markets.
Already a leader in the UK market, Numis is the adviser of choice for listed companies, including one-fifth of the FTSE 350 index[1], with an average market capitalisation of £1.0bn[2], and has acted on the most UK IPOs over the past decade.
Since 2016, Numis has diversified its strategy to grow its UK M&A franchise, expand internationally and develop its private markets business, which combined now represent more than half of investment banking revenues[3].
Numis is listed on London's AIM and has offices in London, New York and Dublin.
[1] Corporate client base includes 68 companies out of the FTSE 350, ie one-fifth. - Numis data (30 September 2022).
[2] Average market capitalisation of corporate client base £1.0bn. - Numis data (30 September 2022).
[3] 53% as at year end 2022. - Numis data (30 September 2022).