Connect Group PLC Director/PDMR Shareholding (4653Y)
December 05 2017 - 10:18AM
UK Regulatory
TIDMCNCT
RNS Number : 4653Y
Connect Group PLC
05 December 2017
Connect Group PLC
Director/PDMR Shareholding
Connect Group PLC (the "Company") announces that it has been
notified of the following transactions in the Company's ordinary 5p
shares undertaken by directors / persons discharging managerial
responsibility:
1. Connect Group Long Term Incentive Plan
The following award was granted as a nil cost option, where a
participant will normally be entitled to exercise their award and
receive free shares between the normal vesting date and tenth
anniversary of grant, subject to the extent to which performance
conditions have been satisfied and their continuing employment. The
vesting of the award will depend on the Company's end-to-end
Earnings Per Share (EPS), and Aggregate Free Cash Flow over a fixed
three-year performance period starting on the first day of the
financial year in which the award was granted. The value of
dividends accrued, in the form of dividend equivalents, will be
paid at the end of period (third anniversary) based on the number
of vested shares. No consideration was paid for the grant of the
award. No price is payable on the exercise of the award. For the
purposes of this award, the grant was made at a share price of
108.75p.
Name of Participant Share Form of Award Normal Vesting Date Maximum Number
Price of Options
(GBP)
--------------------- -------- -------------- --------------------------------- ---------------
The day following the end
of the performance period
on which the performance
Nil-cost Conditions have been assessed
Mark Cashmore 1.0875 option and notified to the Participant 401,810
--------------------- -------- -------------- --------------------------------- ---------------
The day following the end
of the performance period
on which the performance
Nil-cost conditions have been assessed
David Bauernfeind 1.0875 option and notified to the Participant 285,057
--------------------- -------- -------------- --------------------------------- ---------------
The day following the end
of the performance period
on which the performance
Nil-cost conditions have been assessed
Jonathan Bunting 1.0875 option and notified to the Participant 267,873
--------------------- -------- -------------- --------------------------------- ---------------
2. Connect Group Deferred Bonus Plan
The following award was granted as a nil cost option, where a
participant will be entitled to exercise their award and receive
free shares between the normal vesting date and the first
anniversary of the normal vesting date, subject to their continuing
employment. The awards represent 50% of the annual bonus and
economic profit plan total pay-out earned by each participant,
deferred into shares for two years, based on the performance
against targets set at the start of the financial year ended 31
August 2017. The value of dividends accrued, in the form of
dividend equivalents, will be paid on the exercise of the award,
based on the number of vested shares. No consideration was paid for
the grant of the award. No price is payable on the exercise of the
award. For the purposes of this award, the grant was made at a
share price of 108.75p.
Name of Participant Share Form of Award Normal Vesting Date Maximum Number
Price of Options
(GBP)
--------------------- -------- -------------- -------------------- ---------------
Nil-cost
Mark Cashmore 1.0875 option 5 December 2019 102,553
--------------------- -------- -------------- -------------------- ---------------
Nil-cost
Jonathan Bunting 1.0875 option 5 December 2019 88,995
--------------------- -------- -------------- -------------------- ---------------
Nil-cost
David Bauernfeind 1.0875 option 5 December 2019 14,253
--------------------- -------- -------------- -------------------- ---------------
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
Details of the person discharging managerial responsibilities
1 / person closely associated
----- ----------------------------------------------------------------------------------------
a) Name Mark Cashmore
----- -------------------------------------- ------------------------------------------------
2 Reason for the notification
----- ----------------------------------------------------------------------------------------
a) Position/status Executive Director, Group Chief Executive
Officer
----- -------------------------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
----- -------------------------------------- ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----- ----------------------------------------------------------------------------------------
a) Name Connect Group PLC
----- -------------------------------------- ------------------------------------------------
b) LEI 2138004033ONVOOQXB02
----- -------------------------------------- ------------------------------------------------
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 of the Ordinary 5p shares
financial instrument,
type of instrument
-----
Identification code ISIN: GB00B17WCR61
b) Nature of the transaction Award of options pursuant to the
Connect Group PLC Long Term Incentive
Plan
----- -------------------------------------- ------------------------------------------------
c) Price(s) and volume(s)
----- ---------------------- ---------------------
Price(s) Volume(s)
----- ---------------------- ---------------------
GBP1.0875 401,810
------------------------------------------------------------------- ---------------------
d) Aggregated information n/a single transaction
-----
- Aggregated volume
- Price
e) Date of the transaction 5 December 2017
----- -------------------------------------- ------------------------------------------------
f) Place of the transaction Grant of the options took place outside
of a trading venue
----- -------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- ----------------------------------------------------------------------------------------
a) Name David Bauernfeind
---- -------------------------------------- ------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------
a) Position/status Executive Director, Group Chief Financial
Officer
---- -------------------------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- -------------------------------------- ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ----------------------------------------------------------------------------------------
a) Name Connect Group PLC
---- -------------------------------------- ------------------------------------------------
b) LEI 2138004033ONVOOQXB02
---- -------------------------------------- ------------------------------------------------
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 of the Ordinary 5p shares
financial instrument,
type of instrument
----
Identification code ISIN: GB00B17WCR61
b) Nature of the transaction Award of options pursuant to the
Connect Group PLC Long Term Incentive
Plan
---- -------------------------------------- ------------------------------------------------
c) Price(s) and volume(s)
---- ---------------------- ---------------------
Price(s) Volume(s)
---- ---------------------- ---------------------
GBP1.0875 285,057
------------------------------------------------------------------ ---------------------
d) Aggregated information n/a single transaction
----
- Aggregated volume
- Price
e) Date of the transaction 5 December 2017
---- -------------------------------------- ------------------------------------------------
f) Place of the transaction Grant of the options took place outside
of a trading venue
---- -------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- --------------------------------------------------------------------------------------
a) Name Jonathan Bunting
---- -------------------------------------- ----------------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------------------------
a) Position/status Executive Director, MD of Connect
News & Media
---- -------------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- -------------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- --------------------------------------------------------------------------------------
a) Name Connect Group PLC
---- -------------------------------------- ----------------------------------------------
b) LEI 2138004033ONVOOQXB02
---- -------------------------------------- ----------------------------------------------
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 of the Ordinary 5p shares
financial instrument,
type of instrument
----
Identification code ISIN: GB00B17WCR61
b) Nature of the transaction Award of options pursuant to the
Connect Group PLC Long Term Incentive
Plan
---- -------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
---- --------------------- --------------------
Price(s) Volume(s)
---- --------------------- --------------------
GBP1.0875 267,873
----------------------------------------------------------------- --------------------
d) Aggregated information n/a single transaction
----
- Aggregated volume
- Price
e) Date of the transaction 5 December 2017
---- -------------------------------------- ----------------------------------------------
f) Place of the transaction Grant of the options took place outside
of a trading venue
---- -------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- ----------------------------------------------------------------------------------------
a) Name Mark Cashmore
---- -------------------------------------- ------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------
a) Position/status Executive Director, Group Chief Executive
Officer
---- -------------------------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- -------------------------------------- ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ----------------------------------------------------------------------------------------
a) Name Connect Group PLC
---- -------------------------------------- ------------------------------------------------
b) LEI 2138004033ONVOOQXB02
---- -------------------------------------- ------------------------------------------------
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 of the Ordinary 5p shares
financial instrument,
type of instrument
----
Identification code ISIN: GB00B17WCR61
b) Nature of the transaction Award of options pursuant to the
Connect Group PLC Deferred Bonus
Plan
---- -------------------------------------- ------------------------------------------------
c) Price(s) and volume(s)
---- ---------------------- ---------------------
Price(s) Volume(s)
---- ---------------------- ---------------------
GBP1.0875 102,553
------------------------------------------------------------------ ---------------------
d) Aggregated information n/a single transaction
----
- Aggregated volume
- Price
e) Date of the transaction 5 December 2017
---- -------------------------------------- ------------------------------------------------
f) Place of the transaction Grant of the options took place outside
of a trading venue
---- -------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- --------------------------------------------------------------------------------------
a) Name Jonathan Bunting
---- -------------------------------------- ----------------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------------------------
a) Position/status Executive Director, MD of Connect
News & Media
---- -------------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- -------------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- --------------------------------------------------------------------------------------
a) Name Connect Group PLC
---- -------------------------------------- ----------------------------------------------
b) LEI 2138004033ONVOOQXB02
---- -------------------------------------- ----------------------------------------------
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 of the Ordinary 5p shares
financial instrument,
type of instrument
----
Identification code ISIN: GB00B17WCR61
b) Nature of the transaction Award of options pursuant to the
Connect Group PLC Deferred Bonus
Plan
---- -------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
---- --------------------- --------------------
Price(s) Volume(s)
---- --------------------- --------------------
GBP1.0875 88,995
----------------------------------------------------------------- --------------------
d) Aggregated information n/a single transaction
----
- Aggregated volume
- Price
e) Date of the transaction 5 December 2017
---- -------------------------------------- ----------------------------------------------
f) Place of the transaction Grant of the options took place outside
of a trading venue
---- -------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- ----------------------------------------------------------------------------------------
a) Name David Bauernfeind
---- -------------------------------------- ------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------
a) Position/status Executive Director, Group Chief Financial
Officer
---- -------------------------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- -------------------------------------- ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ----------------------------------------------------------------------------------------
a) Name Connect Group PLC
---- -------------------------------------- ------------------------------------------------
b) LEI 2138004033ONVOOQXB02
---- -------------------------------------- ------------------------------------------------
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 of the Ordinary 5p shares
financial instrument,
type of instrument
----
Identification code ISIN: GB00B17WCR61
b) Nature of the transaction Award of options pursuant to the
Connect Group PLC Deferred Bonus
Plan
---- -------------------------------------- ------------------------------------------------
c) Price(s) and volume(s)
---- ---------------------- ---------------------
Price(s) Volume(s)
---- ---------------------- ---------------------
GBP1.0875 14,253l
------------------------------------------------------------------ ---------------------
d) Aggregated information n/a single transaction
----
- Aggregated volume
- Price
e) Date of the transaction 5 December 2017
---- -------------------------------------- ------------------------------------------------
f) Place of the transaction Grant of the options took place outside
of a trading venue
---- -------------------------------------- ------------------------------------------------
Adele Duff
Deputy Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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