TIDMALD

RNS Number : 9575S

Aldermore Group PLC

22 March 2016

Aldermore Group PLC (the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

The Company announces that on 21 March 2016 the following directors/PDMRs were granted awards, in the form of nil-cost options, to acquire ordinary shares of 10 pence each in the Company pursuant to the executive share plans identified below (the "Plans").

 
 Director          Deferred    Performance 
                   Share Plan   Share Plan 
                    ("DSP")      ("PSP") 
---------------  ------------  ----------- 
 Phillip Monks      111,784      296,403 
---------------  ------------  ----------- 
 James Mack         79,179       207,482 
---------------  ------------  ----------- 
 
 
 PDMR                  Deferred    Performance 
                       Share Plan   Share Plan 
                        ("DSP")      ("PSP") 
-------------------  ------------  ----------- 
 Steve Barry            29,413          - 
-------------------  ------------  ----------- 
 Carl D'Ammassa         26,781       106,266 
-------------------  ------------  ----------- 
 Charles Haresnape      26,504       106,266 
-------------------  ------------  ----------- 
 Vicki Harris           24,047       83,267 
-------------------  ------------  ----------- 
 Simon Healy            15,636       51,047 
-------------------  ------------  ----------- 
 Ali Humphries          24,841          - 
-------------------  ------------  ----------- 
 Paul Myers             34,602       122,952 
-------------------  ------------  ----------- 
 James Radford          22,277       61,476 
-------------------  ------------  -----------

The DSP awards represent the deferral of a percentage of the bonuses paid to directors/PDMRs in respect of 2015. The DSP awards will vest in equal tranches on the first, second and third anniversaries of the grant date, in accordance with the rules of the DSP. The DSP awards will not be subject to further performance conditions but may be subject to malus and clawback in exceptional circumstances in line with the DSP rules.

The PSP awards, which were made for nil consideration, are subject to the achievement of performance targets (50% based on relative Total Shareholder Return against a comparator group and 50% based on EPS). The performance targets will be measured over a three-year period ending on 31 December 2018, and vested awards will be subject to a further two-year holding period. In addition, PSP awards may be subject to malus and clawback in exceptional circumstances in line with the PSP rules.

In respect of both the DSP and the PSP, the amounts shown above represent the maximum possible opportunity subject to any additional shares awarded at vesting in lieu of dividends on shares that vest.

The price used to calculate the number of DSP and PSP shares awarded is GBP2.2773, being the average of the mid-market closing price of an Aldermore ordinary share on the three consecutive business days immediately preceding 21 March 2016.

This announcement, in relation to transactions in London, is made in accordance with the requirements of DTR 3.1.2 R and 3.1.4 R(1)(a).

Rachel Spencer

Company Secretary

22 March 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSDLLFLQXFLBBL

(END) Dow Jones Newswires

March 22, 2016 13:23 ET (17:23 GMT)

Aldermore (LSE:ALD)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Aldermore Charts.
Aldermore (LSE:ALD)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Aldermore Charts.