Admiral Group PLC Admiral Group Plc : Director/Pdmr Shareholding
October 18 2016 - 9:00AM
UK Regulatory
TIDMADM
Admiral Group plc (the "Company")
18 October 2016
This disclosure relates to transactions of which notification is
required under DTR 3.1.2 and Article 19 of the Market Abuse Regulation.
On 10 October 2013, the following individuals were awarded shares under
the Company's Discretionary Free Share Scheme:
-- Geraint Jones (Chief Financial Officer).
-- Kevin Chidwick (Chief Executive Officer of the Group's US direct
insurance business, Elephant Auto), a person discharging managerial
responsibility within the Company.
-- Emily Chidwick-Wood (a Person Closely Associated to Kevin Chidwick).
-- Milena Mondini de Focatiis (Head of European Insurance), a person
discharging managerial responsibility within the Company.
-- Cristina Nestares (Head of Motor UK) a person discharging managerial
responsibility within the Company.
100% of the award for Kevin Chidwick and 50% of the awards for Emily
Chidwick-Wood, Geraint Jones, Milena Mondini de Focatiis and Cristina
Nestares were subject to Company's performance conditions from 1 January
2013 to 31 December 2015.
On 17 October 2016, the Company was notified of the following
transactions:
-- Geraint Jones was awarded 16,000 shares, of which 11,040 have vested in
accordance with the Company's performance conditions at 69%. 11,040
shares were sold on between 10 and 13 October 2016 at GBP20.174 and none
have been retained.
-- Kevin Chidwick was awarded 52,250 shares, of which 19,855 have vested in
accordance with the Company's performance conditions at 38%. 14,892
shares were sold between 10 and 13 October 2016 at GBP20.174 and 4,963
have been retained.
-- Emily Chidwick-Wood was awarded 350 shares, of which 254 have vested in
accordance with the Company's performance conditions at 72.6%. All of
the 254 shares have been retained.
-- Milena Mondini de Focatiis was awarded 15,000 shares, of which 10,350
have vested in accordance with the Company's performance conditions at
69%. 4,865 were sold between 10 and 13 October 2016 at GBP20.174 and
5,485 have been retained.
-- Cristina Nestares was awarded 25,000 shares, of which 17,250 have vested
in accordance with the Company's performance conditions at 69%. 17,250
were sold between 10 and 13 October 2016 at GBP20.174 and none been
retained.
Mark Waters
Company Secretary
Admiral Group plc
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Admiral Group PLC via Globenewswire
http://www.admiralgroup.co.uk
(END) Dow Jones Newswires
October 18, 2016 09:00 ET (13:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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