16 Aug 2016 15:43
Pinewood Group plc (the "Company")
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Notification of transactions of Persons Discharging Managerial Responsibilities
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This notification is made in accordance with Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.
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On 12 August 2016 the persons set out in the table below, each being a Person Discharging Managerial Responsibility (a "PDMR"), notified the Company that they were granted awards ("Awards") under the Company's 2012 Long Term Incentive Plan ("LTIP").
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The LTIP is an incentive plan available to senior management of the Company (including PDMRs) and provides for the grant thereunder of cash awards, the amount of which is linked to the Company's share price. The Awards comprise phantom share units ("Phantom Units") and will become payable in the normal course on 11 July 2017. The Awards will also become payable on the effective date of the proposed scheme of arrangement under Part 26 of the Companies Act 2006 in respect of the recommended cash offer for the Company by Picture Holdco Limited.
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The number of Phantom Units granted to each PDMR under the Awards and pursuant to terms of the LTIP is as follows:
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Name of PDMR | Position | Number of Phantom Units comprising the Award | Aggregate value of Phantom Units at the time of grant based on a base price of 442p |
Ivan Dunleavy | Chief Executive Officer | 111,991 | £495,000 |
Nick Smith | Commercial Director | 78,054 | £345,000 |
Andrew Smith | Corporate Affairs Director | 25,452 | £112,500 |
Chris Naisby | Finance Director | 25,452 | £112,500 |
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Enquiries:
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Pinewood Group plc Andrew M. Smith - Corporate Affairs Director  Peel Hunt LLP (Nomad and broker) Edward Knight Euan Brown   | +44 (0)1753 656732   +44 (0)20 7418 8900 |
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