ABCAM Plc Director/PDMR Shareholding (4917O)
November 07 2016 - 4:30AM
UK Regulatory
TIDMABC
RNS Number : 4917O
ABCAM Plc
07 November 2016
For immediate release
7 November 2016
ABCAM PLC
("Abcam" or the "Company")
Director/PDMR Shareholding Notification
Cambridge, UK: Abcam plc (AIM: ABC), a global leader in the
supply of life science research tools, on 4 November 2016 granted
share awards in the form of nil cost options or conditional shares
("Awards") to the following Directors/PDMRs under the Abcam plc
Long Term Incentive Plan ("LTIP"):
PDMR Number of 0.2 pence Ordinary
Shares subject to the Awards
Alan Hirzel
Chief Executive Officer 70,505*
Gavin Wood
Chief Financial Officer 35,252
Suzanne Smith
Chief Legal Officer and Company
Secretary 11,985
* The award made to Alan Hirzel is in the form of conditional
shares which will be transferred following vesting.
The Awards will vest in three years' time subject to continued
employment and satisfaction of performance conditions. The
performance conditions are split 70% on the growth in earnings per
share and 30% on strategic KPIs, as detailed in the Company's
annual report.
Additional post-vesting holding periods of 3 years and 2 years
will apply to the Awards for Alan Hirzel and Gavin Wood
respectively.
The Remuneration Committee also granted the following joining
share award in the form of nil cost options to the following PDMR
of the Company under the Abcam plc LTIP:
PDMR Number of 0.2 pence Ordinary
Shares subject to the LTIP
Award
Gavin Wood
Chief Financial Officer 39,793
This Award will vest on the third anniversary of the date of
grant, subject to continued employment and the following
performance conditions:
75% of the LTIP will be subject to the same performance
conditions as the 2016/17 LTIP award, i.e. 70% based on the growth
in earnings per share and 30% on strategic KPIs. The remaining 25%
will not be subject to performance conditions.
The notifications for these Awards can be found below. This
announcement is made in accordance with Article 19 of the EU Market
Abuse Regulation 596/2014.
##Ends##
For further information, please contact:
+ 44 (0) 1223 696
Abcam 000
Suzanne Smith, Company Secretary
J.P.Morgan Cazenove - Nominated Advisor
& Corporate Broker + 44 (0) 20 7742 4000
James Mitford / Christopher Cargill
FTI Consulting + 44 (0) 20 3727 1000
Ben Atwell / Brett Pollard / Natalie Garland-Collins
1 Details of the person discharging managerial responsibilities/person
closely associated
----- -----------------------------------------------------------------------------------------
a) Name Mr Alan Hirzel
----- ------------------------------------- --------------------------------------------------
2 Reason for the notification
----- -----------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
----- ------------------------------------- --------------------------------------------------
b) Initial notification Initial Notification
/Amendment
----- ------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----- -----------------------------------------------------------------------------------------
a) Name Abcam plc
----- ------------------------------------- --------------------------------------------------
b) Legal Entity Identifier N/A
----- ------------------------------------- --------------------------------------------------
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 Ordinary shares of 0.2 pence each
the financial instrument,
type of instrument
Identification GB00B6774699
code
----- ------------------------------------- --------------------------------------------------
b) Nature of the transaction Grant of conditional shares under the Abcam
plc Long Term Incentive Plan ("LTIP"):
----- ------------------------------------- --------------------------------------------------
c) Currency GBP
----- ------------------------------------- --------------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
----- ------------------------------------- ----------------- -------------------------------
Nil 70,505
----------------- ---------------------------------------------------------------------------
e) Aggregated information
- Aggregated volume 70,505
- Price Nil
- Aggregated total Nil
----- ------------------------------------- --------------------------------------------------
f) Date of the transaction 4 November 2016
----- ------------------------------------- --------------------------------------------------
g) Place of the transaction London Stock Exchange, AIM
----- ------------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
----- -----------------------------------------------------------------------------------------
a) Name Mr Gavin Wood
----- ------------------------------------- --------------------------------------------------
2 Reason for the notification
----- -----------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
----- ------------------------------------- --------------------------------------------------
b) Initial notification Initial Notification
/Amendment
----- ------------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----- -----------------------------------------------------------------------------------------
a) Name Abcam plc
----- ------------------------------------- --------------------------------------------------
b) Legal Entity Identifier N/A
----- ------------------------------------- --------------------------------------------------
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 Ordinary shares of 0.2 pence each
the financial instrument,
type of instrument
Identification GB00B6774699
code
----- ------------------------------------- --------------------------------------------------
b) Nature of the transaction Grant of nil cost options under the Abcam
plc Long Term Incentive Plan ("LTIP"):
----- ------------------------------------- --------------------------------------------------
c) Currency GBP
----- ------------------------------------- --------------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
----- ------------------------------------- ----------------- -------------------------------
0.2p 75,045
----------------- ---------------------------------------------------------------------------
e) Aggregated information
- Aggregated volume 75,045
- Price 0.2 pence per share
- Aggregated total GBP150.09
------------------------------------- --------------------------------------------------------
f) Date of the transaction 4 November 2016
----- ------------------------------------- --------------------------------------------------
g) Place of the transaction London Stock Exchange, AIM
----- ------------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
---- --------------------------------------------------------------------------------------------
a) Name Mrs Suzanne Smith
---- ------------------------------------------ ------------------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------------------------------
a) Position/status Chief Legal Officer and Company Secretary
---- ------------------------------------------ ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- ------------------------------------------ ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- --------------------------------------------------------------------------------------------
a) Name Abcam plc
---- ------------------------------------------ ------------------------------------------------
b) Legal Entity Identifier N/A
---- ------------------------------------------ ------------------------------------------------
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 Ordinary shares of 0.2 pence each
the financial
instrument, type
of instrument
GB00B6774699
Identification
code
---- ------------------------------------------ ------------------------------------------------
b) Nature of the Grant of nil cost options under the Abcam plc
transaction Long Term Incentive Plan ("LTIP"):
---- ------------------------------------------ ------------------------------------------------
c) Currency GBP
---- ------------------------------------------ ------------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
---- ------------------------------------------ ---------------------- ------------------------
0.2p 11,985
----------------------------------------------- ---------------------- ------------------------
e) Aggregated information
- Aggregated volume 11,985
- Price 0.2 pence per share
- Aggregated total GBP23.97
----------------------------------------------- ------------------------------------------------
f) Date of the transaction 4 November 2016
---- ------------------------------------------ ------------------------------------------------
g) Place of the transaction London Stock Exchange, AIM
---- ------------------------------------------ ------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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