AJ Bell PLC Grant of AJ Bell Trust share options (8391W)
December 13 2019 - 9:25AM
UK Regulatory
TIDMAJB
RNS Number : 8391W
AJ Bell PLC
13 December 2019
13 December 2019
AJ Bell plc ('AJ Bell' or 'Company')
Further to the announcement on 5 December 2019 (RNS 7162V) of AJ
Bell's plan to donate GBP10 million to charity via an innovative
CSR initiative, AJ Bell today announces that on 12 December 2019 it
granted options over 2,493,766 of the Company's ordinary shares of
GBP0.000125 each (Ordinary Shares) at a price of GBP4.01 each to
the A J Bell Trust (Trust), a registered charity and a person
closely associated (PCA) with a person discharging managerial
responsibility (PDMR), Andy Bell, the chief executive officer.
As the Trust is a member of a concert party in relation to the
Company, the options were granted conditional upon the independent
shareholders of the Company passing an ordinary resolution
approving the grant of a waiver under rule 9 of the Takeover Code
at the annual general meeting of the Company which is due to be
held on 22 January 2020 (or any adjournment of that meeting). If
that resolution is not passed, the options will lapse.
The Trust is a related party of the Company. The grant of
options described in this announcement falls within Listing Rule
11.1.10R (smaller related party transactions) and this announcement
is made in accordance with Listing Rule 11.1.10R(c).
For further information, please contact:
AJ Bell plc
Bruce Robinson, Company Secretary +44 (0) 780 234 4859
AJ Bell plc
Notification of person discharging managerial responsibilities/
person closely associated
1. Details of the person discharging managerial responsibilities/
person closely associated
-----------------------------------------------------------------------------------------------------------------
a) Name A J Bell Trust
----------------------------------------------------------- ----------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status PCA with Andrew James Bell, Chief Executive
Officer/PDMR
----------------------------------------------------------- ----------------------------------------------------
b) Initial notification/ This is an initial notification
Amendment
----------------------------------------------------------- ----------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name AJ Bell plc
----------------------------------------------------------- ----------------------------------------------------
b) LEI 213800VNKA7DPWXWJJ36
----------------------------------------------------------- ----------------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; (iv) each place where
transactions have been conducted
-----------------------------------------------------------------------------------------------------------------
a) Description Ordinary shares of GBP0.000125 each
of the financial
instrument,
type of instrument
----------------------------------------------------
Identification ISIN: GB00BFZNLB60
code
----------------------------------------------------------- ----------------------------------------------------
b) Nature of Grant of options over Ordinary Shares which
the transaction will be exercisable in three tranches dependent
upon the increase in the diluted earnings
per share exceeding target thresholds,
subject to certain underpin conditions.
Each tranche of options will ordinarily
vest once it has been determined if, and
the extent to which, the performance conditions
set for that tranche have been satisfied,
which will normally be within 75 days of
the end of the relevant financial period.
If and to the extent that any of the performance
conditions are not satisfied by the applicable
date, the relevant tranche of the options
will lapse. See RNS 7162V dated 5 December
2019 for further detail on such performance
conditions.
----------------------------------------------------------- ----------------------------------------------------
c) Price(s) and Financial Price(s) Volume(s)
volume(s) period end
30 September
2022 GBP4.01 831,256
---------- ----------
30 September
2023 GBP4.01 831,255
---------- ----------
30 September
2024 GBP4.01 831,255
---------- ----------
----------------------------------------------------------- ----------------------------------------------------
d) Aggregated Not applicable single transaction
information
Aggregated
volume
price
----------------------------------------------------------- ----------------------------------------------------
e) Date of the 12 December 2019
transaction
----------------------------------------------------------- ----------------------------------------------------
f) Place of the Outside a trading venue
transaction
----------------------------------------------------------- ----------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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