ALD Aldermore

TIDMALD

RNS Number : 1342Y

Aldermore Group PLC

12 May 2016

Aldermore Group PLC (the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

The Company announces that on 12 May 2016, Christine Palmer, Chief Risk Officer, was granted the following awards, in the form of nil-cost options, to acquire ordinary shares of 10 pence each in the Company. The awards were made for nil-consideration.

 
 Plan/Award           Shares 
-------------------  -------- 
 Restricted Share 
  Plan ("RSP")        89,945 
-------------------  -------- 
 Recruitment Award    466,179 
-------------------  -------- 
 

The awards will not be subject to performance conditions but may be subject to malus and clawback in exceptional circumstances. 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 RSP Award is subject to an Employment Requirement Date of 12 May 2019 and a further two-year holding period which will expire on 12 May 2021.

The Recruitment Award, which will vest in four stages over 2017-2020, was made for the purpose of buying out awards forfeited by Christine Palmer on resignation from her previous employer. The Recruitment Award is a stand-alone award whose terms mirror those of awards made under the RSP, with the exception of the award being settled by the purchase of shares in the market.

The price used to calculate the number of shares awarded is GBP1.8233, being the average of the mid-market closing price of an Aldermore ordinary share on the three consecutive business days immediately preceding 12 May 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

12 May 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 12, 2016 12:32 ET (16:32 GMT)

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