29 Aug 2018 10:33
Sky plc
(the "Company)
29 August 2018
Co-Investment Plan
1. Pursuant to the Company's Co-Investment Plan (the 'Plan'), Jeremy Darroch and Andrew Griffith (together the 'Executive Directors'), each elected to invest the maximum entitlement of 50% of their bonus for the year ended 30 June 2018 in ordinary shares in the Company ('Investment Shares'), and have subsequently received an award of matching shares at nil cost ('Matching Shares') on 28 August 2018, as set out below.
Executive Director | Investment Shares acquired | Matching Shares awarded |
Jeremy Darroch | 32,671 | 93,114 |
Andrew Griffith | 15,427 | 43,968 |
Shares were purchased on behalf of the Executive Directors on 28 August 2018 at a price of 1545 pence per share in London. These awards will vest in the ordinary course on 28 August 2021.
The beneficial interests of each of the Executive Directors in the Company have increased as a result of these transactions and are now:
Jeremy Darroch: 775,772
Andrew Griffith: 214,278
2. Awards under the Plan which were granted to the Executive Directors in 2015, for the three year performance period ended 30 June 2018, vested on the basis of a 1.4 times match on 28 August 2018 (the '2015 Matching Share Awards'). Jeremy Darroch and Andrew Griffith will retain these Matching Share Awards representing 132,307 and 62,475 shares respectively and will continue to hold the linked investment shares at this time. These Matching Share Awards will remain exercisable up to 28 August 2023.
The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Jeremy Darroch | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group 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
| Sky plc | ||||
b)
| LEI
| 2138003TS48MQKF4BZ29 | ||||
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 50 pence each in Sky plc
ISIN: GB0001411924
| ||||
b)
| Nature of the transaction
| Purchase of Investment Shares under the Co-Investment Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | n/a | ||||
e)
| Date of the transaction
| 2018-08-28 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Andrew Griffith | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group Chief Operating Officer & Chief Financial Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Sky plc | ||||
b)
| LEI
| 2138003TS48MQKF4BZ29 | ||||
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 50 pence each in Sky plc
ISIN: GB0001411924
| ||||
b)
| Nature of the transaction
| Purchase of Investment Shares under the Co-Investment Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | n/a | ||||
e)
| Date of the transaction
| 2018-08-28 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Jeremy Darroch | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group 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
| Sky plc | ||||
b)
| LEI
| 2138003TS48MQKF4BZ29 | ||||
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
| Award over Ordinary Shares of 50 pence each in Sky plc
ISIN: GB0001411924
| ||||
b)
| Nature of the transaction
| Grant of matching share award under the Co-Investment Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | n/a | ||||
e)
| Date of the transaction
| 2018-08- 28 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Andrew Griffith | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group Chief Operating Officer & Chief Financial Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Sky plc | ||||
b)
| LEI
| 2138003TS48MQKF4BZ29 | ||||
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
| Award over Ordinary Shares of 50 pence each in Sky plc
ISIN: GB0001411924
| ||||
b)
| Nature of the transaction
| Grant of matching share award under the Co-Investment Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | n/a | ||||
e)
| Date of the transaction
| 2018-08-28 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||