Euromoney Institutional InvestorPLC Director/PDMR Shareholding (6097I)
December 14 2020 - 12:30PM
UK Regulatory
TIDMERM
RNS Number : 6097I
Euromoney Institutional InvestorPLC
14 December 2020
EUROMONEY INSTITUTIONAL INVESTOR PLC
GRANT OF SHARE OPTIONS
14 December 2020
Euromoney Institutional Investor PLC (the "Company") announces
that on 10 December 2020 share awards (the "Awards") in the form of
conditional share awards or nil-cost options over Ordinary shares
in the Company ("Shares") were made to the following persons
discharging managerial responsibilities ("PDMRs") in the Company,
under the 2015 Performance Share Plan (2020 PSP Award) as
follows:
Name Position Maximum number of Shares
under Award ("Award Shares")
A Rashbass Chief Executive Officer 121,939
W Pallot Chief Financial Officer 52,200
The number of Award Shares set out above is the maximum number
which may vest under the Awards. The actual number of Award Shares
which vest will depend on the extent to which a performance measure
relating to relative Total Shareholder Return has been satisfied
over a three-year period from 1 October 2020 and ending on 30
September 2023. The specific performance targets are set out
below:
Performance Measure Weighting Performance Target Vesting level
Relative TSR
vs FTSE 250 100% Upper Quartile 100%
---------- ------------------- --------------
Median 25%
---------- ------------------- --------------
A two-year holding period will apply in addition to the
performance period with vesting occurring on 10 December 2025.
The share price used to determine the number of shares awarded
was the average of the middle market quotations of an Ordinary
Share as derived from the Daily Official List for the five dealing
days preceding the date of grant.
The Remuneration Committee has carefully considered the quantum
of these awards in light of current market conditions. The
Committee will closely monitor the performance measure and will
exercise its discretion as appropriate to ensure that the final
outcomes are warranted based on Company performance in order to
avoid windfall gains.
The information set out below is provided in accordance with the
requirements of the EU Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities/
person closely associated
a) Name Andrew Rashbass
---------------------------- --------------------------------------
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 Euromoney Institutional Investor PLC
---------------------------- --------------------------------------
b) LEI 213800PZU2RGHMHE2S67
---------------------------- --------------------------------------
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 0.25 pence each
the financial
instrument, type
of instrument
---------------------------- --------------------------------------
Identification GB0006886666
code
---------------------------- --------------------------------------
b) Nature of the Grant of options over 121,939 shares
transaction
---------------------------- --------------------------------------
c) Price(s), volume(s) Price(s) Volume(s)
Nil 121, 939
----------
---------------------------- --------------------------------------
Aggregated information
d) * Aggregated volume 121,939
---------------------------- --------------------------------------
Nil
* Price
--------------------------------- --------------------------------------
e) Date of the transaction 10 December 2020
---------------------------- --------------------------------------
f) Place of the Outside a trading venue
transaction
---------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/
person closely associated
a) Name Wendy Pallot
---------------------------- --------------------------------------
2. Reason for the notification
--------------------------------------------------------------------
a) Position/status 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 Euromoney Institutional Investor PLC
---------------------------- --------------------------------------
b) LEI 213800PZU2RGHMHE2S67
---------------------------- --------------------------------------
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 0.25 pence each
the financial
instrument, type
of instrument
---------------------------- --------------------------------------
Identification GB0006886666
code
---------------------------- --------------------------------------
b) Nature of the Grant of options over 52,200 shares
transaction
---------------------------- --------------------------------------
c) Price(s), volume(s) Price(s) Volume(s)
Nil 52,200
----------
---------------------------- --------------------------------------
Aggregated information
d) * Aggregated volume 52,200
---------------------------- --------------------------------------
Nil
* Price
--------------------------------- --------------------------------------
e) Date of the transaction 10 December 2020
---------------------------- --------------------------------------
f) Place of the Outside a trading venue
transaction
---------------------------- --------------------------------------
Ends
For further information, please contact:
-- Tim Bratton, General Counsel & Company Secretary: +44 20
7779 8288; tim.bratton@euromoneyplc.com
About Euromoney Institutional Investor PLC
Euromoney is a global information business providing essential
B2B information in price discovery, market intelligence and events
across our segments. Euromoney is listed on the London Stock
Exchange and is a member
of the FTSE 250 share index. www.euromoneyplc.com
www.euromoneyplc.com
LEI number: 213800PZU2RGHMHE2S67
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