Aldermore Group PLC Director/PDMR Shareholding (6625L)
October 04 2016 - 9:07AM
UK Regulatory
TIDMALD
RNS Number : 6625L
Aldermore Group PLC
04 October 2016
Aldermore Group PLC
(the "Company")
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
The Company announces that on 3 October 2016, Rob Divall, Group
HR Director, was granted an award under the Performance Share Plan
("PSP"), in the form of a nil-cost option, to acquire 87,823
ordinary shares of 10 pence each in the Company. The award was made
for nil consideration.
The award is conditional on the achievement of performance
targets (50% based on relative Total Shareholder Return against a
comparator group, measured over the three-year period to 31
December 2018; and 50% based on Earnings Per Share for the
financial year ended 31 December 2018). Subject to the performance
conditions, the award will vest on 3 October 2019 and will be
subject to a further two-year holding period which will expire on 3
October 2021 (when the award becomes exercisable). In addition, PSP
awards may be subject to malus and clawback in exceptional
circumstances in line with the PSP rules. The amount shown above
represents 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 shares awarded is
GBP2.2773, being the price used to calculate the annual awards made
under the PSP on 21 March 2016.
This announcement is made in accordance with the requirements of
the FCA's Disclosure Guidance and Transparency Rules Sourcebook and
EU Market Abuse Regulation.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Rob Divall
--- --------------------- -------------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position / Group HR Director
status
--- --------------------- -------------------------------------
b) Initial notification Initial notification
/ Amendment
--- --------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name Aldermore Group PLC
--- --------------------- -------------------------------------
b) LEI 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 Nil-cost option over 87,823 Ordinary
of the financial Shares of 10p each
instrument,
type of instrument
Identification
code GB00BQQMCJ47
--- --------------------- -------------------------------------
b) Nature of Grant of option under Performance
the transaction Share Plan
--- --------------------- -------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
- -
--------- ----------
--- --------------------- -------------------------------------
d) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- -------------------------------------
e) Date of the 2016-10-03
transaction
--- --------------------- -------------------------------------
f) Place of the Outside a trading venue
transaction
--- --------------------- -------------------------------------
Rachel Spencer
Company Secretary
4 October 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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