Spire Healthcare Group PLC Director/PDMR Shareholding (5732I)
August 31 2016 - 7:48AM
UK Regulatory
TIDMSPI
RNS Number : 5732I
Spire Healthcare Group PLC
31 August 2016
31 August 2016
Spire Healthcare Group plc (the "Company")
On 30 August 2016, the following Directors exercised the second
tranche of their vested Directors' Share Bonus Plan awards (the
"Awards") over ordinary shares in the Company. The Awards were
granted in the form of nil-cost options to Simon Gordon and Garry
Watts on 4 July 2014, prior to the Company's Admission to the
London Stock Exchange.
Based on the average share price on the second anniversary of
Admission, the Awards partially vested and became exercisable on 23
July 2016.
Director Type of award Shares vested Shares Shareholding
and exercised sold* following
transaction
-------------- --------------- --------------- -------- -------------
Conditional
Share Award
(in the form
of nil-cost
Simon Gordon options) 195,427 92,174 471,758
-------------- --------------- --------------- -------- -------------
Garry Watts 227,991 107,533 503,577
------------------------------- --------------- -------- -------------
*All shares sold were at an average share price of 350.4
pence.
Both Directors sold sufficient shares to cover their Income Tax
and NIC liabilities and then retained the balance of their
Awards.
Further details regarding the Awards are provided within the
Company's 2015 Directors' Remuneration Report.
The following disclosure is made in accordance with Article 19
of the EU Market Abuse Regulation 596/2014.
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ----------------------------------------------------------------------
a) Name Simon Gordon
---- -------------------------- ------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------
a) Position/status Executive Director and 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 Spire Healthcare 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 Ordinary shares of 1 pence each
of the financial
instrument,
type of instrument
Identification
code
---- -------------------------- ------------------------------------------
b) Nature of Exercise of a nil-cost share option
the transaction over 195,427 shares granted under
the Company's Deferred Bonus Plan
and subsequent sale of 92,174
shares stemming from such exercise.
---- -------------------------- ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
---- -------------------------- ----------------------- -----------------
350.4 pence 92,174
------------------------------------------------------- -----------------
d) Aggregated As above
information
- Aggregated
volume
- Price
---- -------------------------- ------------------------------------------
e) Date of the 2016-08-30
transaction
---- -------------------------- ------------------------------------------
f) Place of the XLON
transaction
---- -------------------------- ------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- --------------------------------------------------------------------
a) Name Garry Watts
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Executive Chairman
---- -------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- --------------------------------------------------------------------
a) Name Spire Healthcare 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 Ordinary shares of 1 pence each
of the financial
instrument,
type of instrument
Identification
code
---- -------------------------- ----------------------------------------
b) Nature of Exercise of a share option over
the transaction 227,991 shares granted under the
Company's Deferred Bonus Plan
and subsequent sale of 107,533
shares stemming from such exercise.
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
---- -------------------------- ---------------------- ----------------
350.4 pence 107,533
------------------------------------------------------ ----------------
d) Aggregated As above
information
- Aggregated
volume
- Price
---- -------------------------- ----------------------------------------
e) Date of the 2016-08-30
transaction
---- -------------------------- ----------------------------------------
f) Place of the XLON
transaction
---- -------------------------- ----------------------------------------
Enquiries:
Philip Davies
Deputy Company Secretary
020 7427 9092
This information is provided by RNS
The company news service from the London Stock Exchange
END
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