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Last checked at 
24 Nov 2021 16:30
24 November 2021
The Rank Group Plc
LEI: 213800TXKD6XZWOFTE12
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with Article 19 of the Market Abuse Regulations.
The first of three equal tranches of the block award granted to Bill Floydd and Luisa Wright on 22 November 2018 under The Rank Group Plc Long Term Incentive Plan 2010 ("Plan"), based on performance over a four-year period ending on 30 June 2021, vested on 22 November 2021.
The following table sets out the number of shares that vested on 22 November 2021 and the sale of sufficient shares to discharge the tax liability arising on the vested shares in accordance with instructions which took place on 23 November 2021:
Name and Title | Total no. of Ordinary Shares vesting | No. of Ordinary Shares sold to cover tax liabilities | Sale price per Ordinary Share | Shares retained as a result of the vesting |
Bill Floydd Chief Financial Officer |
15,671 |
7,389 | £1.52 |
8,282 |
Luisa Wright Group General Counsel & Company Secretary |
7,478 |
3,526 | £1.52 |
3,952 |
Vested shares must be retained (after any sales to discharge tax liabilities) for a two-year holding period, subject to and in accordance with the rules of the Plan.
The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name | Bill Floydd | |||||||||
2 | Reason for Notification | ||||||||||
a) | Position/status | Chief Financial Officer | |||||||||
b) | Initial notification/Amendment | Initial Announcement | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | The Rank Group Plc | |||||||||
b) | LEI | 213800TXKD6XZWOFTE12 | |||||||||
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 | Ordinary Shares of 13 8/9 pence each in Rank Group Plc
| |||||||||
Identification code | GB00B1L5QH97 | ||||||||||
b) | Nature of the transaction | Grant of awards over Ordinary Shares. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | |||||||||
e) | Date of the transaction | 1. 22 November 2021 2. 23 November 2021
| |||||||||
f) | Place of the transaction | 1. Outside a trading venue 2. London Stock Exchange, XLON
| |||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name | Luisa Wright | |||||||||
2 | Reason for Notification | ||||||||||
a) | Position/status | Group General Counsel & Company Secretary | |||||||||
b) | Initial notification/Amendment | Initial Announcement | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | The Rank Group Plc | |||||||||
b) | LEI | 213800TXKD6XZWOFTE12 | |||||||||
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 | Ordinary Shares of 13 8/9 pence each in Rank Group Plc
| |||||||||
Identification code | GB00B1L5QH97 | ||||||||||
b) | Nature of the transaction | Grant of awards over Ordinary Shares. | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information - Aggregated volume - Price | Not applicable | |||||||||
e) | Date of the transaction | 1. 22 November 2021 2. 23 November 2021
| |||||||||
f) | Place of the transaction | 1. Outside a trading venue 2. London Stock Exchange, XLON
| |||||||||
Enquiries: Luisa Wright, Company Secretary Tel: 01628 504000
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