Just Group PLC Director/PDMR Shareholding (8723J)
April 04 2018 - 1:18PM
UK Regulatory
TIDMJUST
RNS Number : 8723J
Just Group PLC
04 April 2018
4 April 2018
Just Group plc
(the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
The following notification is made in accordance with Article
19.3 of the Market Abuse Regulation. The Company hereby notifies
the following changes in the interests of directors and persons
discharging managerial responsibilities ("PDMRs") in Ordinary
Shares of 10p each in the Company ("Shares") on 29 March 2018.
Just Retirement Group plc Deferred Share Bonus Plan ("DSBP")
Awards under the DSBP were made over Shares, as set out in the
table below. Awards were made in the form of nil-cost options at a
price of 135p per share, which become exercisable on the third
anniversary of the grant date. Options are then exercisable until
the 10th anniversary of the grant date, unless the exercise period
is shortened in accordance with the DSBP rules.
The price used to calculate the number of DSBP Shares awarded is
the mid-market closing price of a share in the Company on the
business day immediately preceding the grant on 29 March 2018. For
further information on the DSBP, please refer to the IPO Prospectus
published on 12 November 2013.
Name Number of Shares Lapse Date
subject to
DSBP Award
----------------- ----------------- --------------
Rodney Cook 228,703 29 March 2028
----------------- ----------------- --------------
David Richardson 154,135 29 March 2028
----------------- ----------------- --------------
Simon Thomas 133,703 29 March 2028
----------------- ----------------- --------------
Just Retirement Group plc Long Term Incentive Plan ("LTIP")
Awards under the LTIP were made over Shares, as set out in the
table below. Awards were made in the form of nil-cost options at a
price of 133.60p per share, which become exercisable on the third
anniversary of the grant date, subject to the satisfaction of
performance targets. Options are then exercisable until the 10th
anniversary of the grant date, unless the exercise period is
shortened in accordance with the LTIP rules.
Details of the performance targets applicable to the 2018 awards
will be included in the Directors' Remuneration Report contained in
the Company's Annual Report and Accounts 2018 to be published in
2019.
Name Number of Shares Lapse Date
subject to
LTIP Award
----------------- ----------------- --------------
Rodney Cook 998,502 29 March 2028
----------------- ----------------- --------------
David Richardson 520,958 29 March 2028
----------------- ----------------- --------------
Simon Thomas 437,874 29 March 2028
----------------- ----------------- --------------
Simon O'Hara
Group Company Secretary
4 April 2018
This information is provided by RNS
The company news service from the London Stock Exchange
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