21 Apr 2017 14:28
21 April 2017
CPPGroup Plc
Director/PDMR Shareholdings
CPPGroup Plc Long Term Incentive Plan
On 20 April 2017, options over ordinary shares of 1 penny each in CPPGroup Plc ("CPP" or the "Company") were awarded to the following Directors under the CPPGroup Plc Long Term Incentive Plan 2016 (the "Plan"):
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | (i) Jason Walsh (ii) Justine Shaw | |
| Reason for the notification | ||
(a) | Position/status | (i) Chief Executive Officer (ii) Director | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | CPPGroup Plc | |
(b) | LEI | 213800FRDE79FTQI4X25 | |
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 | Ordinary shares of 1 penny each | |
(b) | Identification code of the Financial Instrument | GB00B5W55H93 | |
(c) | Nature of the transaction | Award of share options | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Jason Walsh | N/A | 6,340,580 |
| Justine Shaw | N/A | 1,268,116 |
(e) | Aggregated information - Aggregated volume - Price |
N/A | |
(f) | Date of the transaction | 20 April 2017 | |
(g) | Place of the transaction | London Stock Exchange | |
No consideration was paid for the grant of the awards which are structured as nil cost options.
The vesting of an award is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company. The awards will normally vest following the third anniversary of the grant and the determination of the performance conditions, and will then normally remain exercisable until the day before the tenth anniversary of the date of the grant, provided the individual remains an employee or officer of the Company.
Following the above awards, the Directors' total interest in shares of the Company is as follows:
| Ordinary shares held | Interests in unvested shares under incentive plans |
Jason Walsh | 50,000 | 6,340,580 |
Justine Shaw | 999,312 | 3,955,616 |
The total number of options awarded under the Plan to the Directors and certain other senior employees on this date was 14,924,374.
The total issued share capital of the Group as at the date of this announcement is 856,480,830.
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Enquiries:
CPPGroup Plc
Lorraine Beavis, Group Company Secretary
Tel: +44 (0)1904 545395
Nominated Adviser and Corporate Broker
Investec Bank plc
Sara Hale / James Rudd / Carlton Nelson
Tel: +44 (0)20 7597 5970
Media
Maitland
Neil Bennett; Daniel Yea
Tel: +44 (0)20 7379 5151
Notes to Editors
CPP provides a range of assistance based services to customers in the UK & Ireland and in a number of international markets across Asia, Europe and Latin America. The Company's core propositions provide peace of mind for customers covering a range of areas including lost and stolen credit cards, identity theft, insurance of mobile devices, and passport assistance.
For more information on CPP visit www.cppgroupplc.com
REGISTERED OFFICE
CPPGroup Plc
Holgate Park
York
YO26 4GA
Registered number: 07151159
Cppgroup (CPP)