AJ Bell PLC Director/PDMR Shareholding (7938A)
February 04 2022 - 11:08AM
UK Regulatory
TIDMAJB
RNS Number : 7938A
AJ Bell PLC
04 February 2022
AJ Bell plc
("AJ Bell", the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
AJ Bell wishes to announce that due to an administrative
oversight the number of annual and deferred awards over the
Company's ordinary shares of GBP0.000125 each (Ordinary Shares)
granted to Roger Stott, the chief operating officer and a person
discharging managerial responsibilities (PDMR) in the Company,
under the AJ Bell Executive Incentive Plan (EIP) on 9 December
2021, which was announced on 13 December 2021, was less than should
have been granted.
As a consequence of the above, on 4 February 2022 the Company
granted Roger Stott an additional annual award in respect of 31,680
Ordinary Shares and an additional deferred award in respect of
47,520 Ordinary Shares. Roger Stott has now been granted an annual
award in respect of a total of 44,000 Ordinary Shares and a
deferred award in respect of a total of 66,000 Ordinary Shares in
relation to the performance period ending on 30 September 2022.
No consideration was paid for the grant of the awards, which
have been structured as nominal cost options, and:
a) the annual award will normally vest once it has been
determined if, and the extent to which, the performance conditions
have been satisfied, which will ordinarily be within 75 days of the
end of the performance period on 30 September 2022.
b) the deferred award will, subject to the satisfaction of the
performance conditions and the operation of a performance underpin,
malus and clawback, normally vest on the first day on which
dealings in the Company's shares by PDMRs are permitted under the
Company's share dealing code after 30 September 2025.
c) both the annual award and the deferred award will be subject
to a holding period which expires on 30 September 2026, and will,
ordinarily, remain exercisable until the day before the tenth
anniversary of the date of grant. Clawback will continue to apply
up until the end of the holding period.
For further information, please contact:
AJ Bell plc
Bruce Robinson, Company Secretary +44 (0) 780 234 4859
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial responsibilities/
person closely associated
a) Name Roger Stott
------------------------ ---------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Operating 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 of Ordinary shares of GBP0.000125 each
the financial
instrument, type
of instrument
---------------------------------------------------
Identification ISIN: GB00BFZNLB60
code
------------------------ ---------------------------------------------------
b) Nature of the 1. Grant of an annual award under the EIP.
transaction The award is structured as a nominal cost
option which will ordinarily vest once it
has been determined if, and the extent to
which, the performance conditions set for
the award have been satisfied, which will
ordinarily be within 75 days of the end of
the performance period on 30 September 2022;
and
2. Grant of a deferred award under the EIP.
The award is structured as a nominal cost
option which will ordinarily vest if, and
the extent to which, the performance conditions
set for the award have been satisfied, on
the first day on which dealings in the Company's
shares by PDMRs are permitted under the Company's
share dealing code after 30 September 2025.
------------------------ ---------------------------------------------------
c) Price(s) and Type of award Price(s) Volume(s)
volume(s) Annual award GBP0.000125 31,680
------------- ----------
Deferred award GBP0.000125 47,520
------------- ----------
------------------------ ---------------------------------------------------
d) Aggregated information Not applicable single transaction
Aggregated volume
Price
------------------------ ---------------------------------------------------
e) Date of the transaction 4 February 2022
------------------------ ---------------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------ ---------------------------------------------------
Name of officer of issuer responsible for making notification:
Bruce Robinson (Company Secretary)
Date of notification: 4 February 2022
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END
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