Brooks Macdonald Group PLC Director/PDMR Shareholding (3502V)
April 05 2019 - 12:22PM
UK Regulatory
TIDMBRK
RNS Number : 3502V
Brooks Macdonald Group PLC
05 April 2019
Brooks Macdonald Group PLC
(the "Company")
Director/PDMR Shareholding
On 4 April 2019, the Company granted pursuant to the 2018 Brooks
Macdonald Long Term Incentive Plan (the "Plan") for the financial
year ended 30 June 2018, 26,593 performance based restricted shares
in the form of conditional share awards (the "Awards") over the
ordinary shares of 1 pence each in the Company (the "Shares") to
the following PDMRs:
PDMR Number of Shares Over
Which Awards are Granted
Caroline Connellan 9,682
--------------------------
Thomas Emery 3,100
--------------------------
Andrew Shepherd 4,827
--------------------------
Richard Spencer 4,381
--------------------------
Jason Wood 4,603
--------------------------
The Plan has been established to retain and incentivise key
executives in order to deliver sustainable growth and in addition
to align further the interests of those executives with those of
shareholders.
Vesting of Awards
The Awards will vest in full subject to both the following
performance conditions being met:
-- Average Group FUM for the financial year ending immediately
prior to the Date of Vesting exceeding the Average Group FUM for
the financial year ending immediately prior to the Date of
Grant.
-- The Total Dividend in the financial year ending immediately
prior to Date of Vesting being greater than the Total Dividend in
the financial year ending immediately prior to the Date of
Grant.
The above conditions are subject to an additional discretionary
underpin based on, inter alia, a satisfactory risk, compliance,
governance and internal control environment across the Vesting
Period. Further the Awards are also subject to continued employment
and malus and clawback provisions.
Holding period
The Awards shall be subject to a compulsory, holding period of a
further two years from the Date of Vesting.
Timetable and Awards Outstanding
The Awards are expected to vest on 1 November 2021, following
the announcement of the Group's results for the year ended 30 June
2021 and the holding requirement is expected to lapse on 1 November
2023.
As at today's date, the Awards represents 0.19% of the total
voting rights of the Company.
ANNEX
The notification below, made in accordance with the EU Market
Abuse Regulation, provides further details:
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Caroline Connellan
-------------------------------- ----------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
(a) Position/status 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 Brooks Macdonald Group plc
-------------------------------- ----------------------------------------
(b) LEI 213800WRDF8LB8MIEX37
-------------------------------- ----------------------------------------
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 financial Ordinary shares of 1pence each
instrument, type of instrument
Identification code BRK
ISIN GB00B067N833
-------------------------------- ----------------------------------------
(b) Nature of the transaction Grant of a performance based restricted
shares in the form of a Conditional
Share Award
-------------------------------- ----------------------------------------
(c) Price(s) and volume(s) Volume granted: 9,682
Exercise Price(s): Nil
-------------------------------- ----------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ----------------------------------------
Date of the transaction 4 April 2019
-------------------------------- ----------------------------------------
Place of the transaction Outside of a main market
-------------------------------- ----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Thomas Emery
-------------------------------- ----------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
(a) Position/status HR Director
-------------------------------- ----------------------------------------
(b) Initial notification Initial notification
/Amendment
-------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
(a) Name Brooks Macdonald Group plc
-------------------------------- ----------------------------------------
(b) LEI 213800WRDF8LB8MIEX37
-------------------------------- ----------------------------------------
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 financial Ordinary shares of 1pence each
instrument, type of instrument
Identification code BRK
ISIN GB00B067N833
-------------------------------- ----------------------------------------
(b) Nature of the transaction Grant of a performance based restricted
shares in the form of a Conditional
Share Award
-------------------------------- ----------------------------------------
(c) Price(s) and volume(s) Volume granted: 3,100
Exercise Price(s): Nil
-------------------------------- ----------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ----------------------------------------
Date of the transaction 4 April 2019
-------------------------------- ----------------------------------------
Place of the transaction Outside of a main market
-------------------------------- ----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Andrew Shepherd
-------------------------------- ----------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
(a) Position/status CEO International and Deputy 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 Brooks Macdonald Group plc
-------------------------------- ----------------------------------------
(b) LEI 213800WRDF8LB8MIEX37
-------------------------------- ----------------------------------------
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 financial Ordinary shares of 1pence each
instrument, type of instrument
Identification code BRK
ISIN GB00B067N833
-------------------------------- ----------------------------------------
(b) Nature of the transaction Grant of a performance based restricted
shares in the form of a Conditional
Share Award
-------------------------------- ----------------------------------------
(c) Price(s) and volume(s) Volume granted: 4,827
Exercise Price(s): Nil
-------------------------------- ----------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ----------------------------------------
Date of the transaction 4 April 2019
-------------------------------- ----------------------------------------
Place of the transaction Outside of a main market
-------------------------------- ----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Richard Spencer
-------------------------------- ----------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
(a) Position/status Chief Investment Officer
-------------------------------- ----------------------------------------
(b) Initial notification Initial notification
/Amendment
-------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
(a) Name Brooks Macdonald Group plc
-------------------------------- ----------------------------------------
(b) LEI 213800WRDF8LB8MIEX37
-------------------------------- ----------------------------------------
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 financial Ordinary shares of 1pence each
instrument, type of instrument
Identification code BRK
ISIN GB00B067N833
-------------------------------- ----------------------------------------
(b) Nature of the transaction Grant of a performance based restricted
shares in the form of a Conditional
Share Award
-------------------------------- ----------------------------------------
(c) Price(s) and volume(s) Volume granted: 4,381
Exercise Price(s): Nil
-------------------------------- ----------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ----------------------------------------
Date of the transaction 4 April 2019
-------------------------------- ----------------------------------------
Place of the transaction Outside of a main market
-------------------------------- ----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
--------------------------------------------------------------------------
(a) Name Jason Wood
-------------------------------- ----------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
(a) Position/status Chief Operating Officer
-------------------------------- ----------------------------------------
(b) Initial notification Initial notification
/Amendment
-------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
(a) Name Brooks Macdonald Group plc
-------------------------------- ----------------------------------------
(b) LEI 213800WRDF8LB8MIEX37
-------------------------------- ----------------------------------------
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 financial Ordinary shares of 1pence each
instrument, type of instrument
Identification code BRK
ISIN GB00B067N833
-------------------------------- ----------------------------------------
(b) Nature of the transaction Grant of a performance based restricted
shares in the form of a Conditional
Share Award
-------------------------------- ----------------------------------------
(c) Price(s) and volume(s) Volume granted: 4,603
Exercise Price(s): Nil
-------------------------------- ----------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ----------------------------------------
Date of the transaction 4 April 2019
-------------------------------- ----------------------------------------
Place of the transaction Outside of a main market
-------------------------------- ----------------------------------------
Enquiries:
Brooks Macdonald Group PLC
Caroline Connellan, Chief Executive +44 (0)20 7499 6424
Ben Thorpe, Group Finance Director
Peel Hunt LLP
Guy Wiehahn +44 (0)20 7418 8900
LEI: 213800WRDF8LB8MIEX37
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END
DSHBLGDSGDGBGCU
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