Connect Group PLC Director/PDMR Shareholding (2739W)
February 07 2017 - 12:04PM
UK Regulatory
TIDMCNCT
RNS Number : 2739W
Connect Group PLC
07 February 2017
Connect Group PLC
Director/PDMR Shareholding
Connect Group PLC (the "Company") announces that it has been
notified of the following transactions in the Company's ordinary 5p
shares undertaken by directors / persons discharging managerial
responsibility:
1. Connect Group Long Term Incentive Plan
The following award was granted as a nil cost option, where a
participant will normally be entitled to exercise their award and
receive free shares between the normal vesting date and tenth
anniversary of grant, subject to the extent to which performance
conditions have been satisfied and their continuing employment. The
vesting of the award will depend on the Company's end-to-end
Earnings Per Share (EPS), and Cumulative Operating Cash Flow over a
fixed three-year performance period starting on the first day of
the financial year in which the award was granted. The value of
dividends accrued, in the form of dividend equivalents, will be
paid at the end of period (third anniversary) based on the number
of vested shares. No consideration was paid for the grant of the
award. No price is payable on the exercise of the award. For the
purposes of this award, the grant was made at a share price of
GBP1.38
Name of Share Form of Normal Vesting Date Maximum
Participant Price Award Number
(GBP) of Options
------------------- ------- --------- ---------------------------- ------------
The day following
the end of the performance
period on which the
performance Conditions
have been assessed
Nil-cost and notified to the
Mark Cashmore 1.38 option Participant 316,643
------------------- ------- --------- ---------------------------- ------------
The day following
the end of the performance
period on which the
performance conditions
have been assessed
Nil-cost and notified to the
David Bauernfeind 1.38 option Participant 224,638
------------------- ------- --------- ---------------------------- ------------
The day following
the end of the performance
period on which the
performance conditions
have been assessed
Jonathan Nil-cost and notified to the
Bunting 1.38 option Participant 211,096
------------------- ------- --------- ---------------------------- ------------
2. Connect Group Deferred Bonus Plan
The following award was granted as a nil cost option, where a
participant will be entitled to exercise their award and receive
free shares between the normal vesting date and the first
anniversary of the normal vesting date, subject to their continuing
employment. The awards represent 50% of the annual bonus and
economic profit plan total pay-out earned by each participant,
deferred into shares for two years, based on the performance
against targets set at the start of the financial year ended 31
August 2016. The value of dividends accrued, in the form of
dividend equivalents, will be paid on the exercise of the award,
based on the number of vested shares. No consideration was paid for
the grant of the award. No price is payable on the exercise of the
award. For the purposes of this award, the grant was made at a
share price of GBP1.38
Name of Share Form of Normal Vesting Date Maximum
Participant Price Award Number
(GBP) of Options
--------------- ------- --------- -------------------- ------------
Nil-cost
Mark Cashmore 1.38 option 18 November 2018 118,576
--------------- ------- --------- -------------------- ------------
Jonathan Nil-cost
Bunting 1.38 option 18 November 2018 97,649
--------------- ------- --------- -------------------- ------------
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
Details of the person discharging managerial
1 responsibilities / person closely associated
----- ------------------------------------------------------------------
a) Name Mark Cashmore
----- ------------------------------ ----------------------------------
2 Reason for the notification
----- ------------------------------------------------------------------
a) Position/status Executive Director, Group
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 Connect Group PLC
----- ------------------------------ ----------------------------------
b) LEI 2138004033ONVOOQXB02
----- ------------------------------ ----------------------------------
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 Ordinary 5p shares
the financial
instrument, type
of instrument
-----
Identification ISIN: GB00B17WCR61
code
b) Nature of the Award of options pursuant
transaction to the Connect Group PLC
Long Term Incentive Plan
----- ------------------------------ ----------------------------------
c) Price(s) and volume(s)
----- --------------- --------------
Price(s) Volume(s)
----- --------------- --------------
GBP1.38 316,643
---------------------------------------------------- --------------
d) Aggregated information n/a single transaction
-----
- Aggregated volume
- Price
e) Date of the transaction 7 February 2017
----- ------------------------------ ----------------------------------
f) Place of the transaction Grant of the options took
place outside of a trading
venue
----- ------------------------------ ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a) Name David Bauernfeind
---- ------------------------------ ----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status Executive Director, Group
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 Connect Group PLC
---- ------------------------------ ----------------------------------
b) LEI 2138004033ONVOOQXB02
---- ------------------------------ ----------------------------------
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 Ordinary 5p shares
the financial
instrument, type
of instrument
----
Identification ISIN: GB00B17WCR61
code
b) Nature of the Award of options pursuant
transaction to the Connect Group PLC
Long Term Incentive Plan
---- ------------------------------ ----------------------------------
c) Price(s) and volume(s)
---- --------------- --------------
Price(s) Volume(s)
---- --------------- --------------
GBP1.38 224,638
--------------------------------------------------- --------------
d) Aggregated information n/a single transaction
----
- Aggregated volume
- Price
e) Date of the transaction 7 February 2017
---- ------------------------------ ----------------------------------
f) Place of the transaction Grant of the options took
place outside of a trading
venue
---- ------------------------------ ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a) Name Jonathan Bunting
---- ------------------------------ ----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status Executive Director, MD of
Connect News & Media
---- ------------------------------ ----------------------------------
b) Initial notification Initial Notification
/Amendment
---- ------------------------------ ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------
a) Name Connect Group PLC
---- ------------------------------ ----------------------------------
b) LEI 2138004033ONVOOQXB02
---- ------------------------------ ----------------------------------
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 Ordinary 5p shares
the financial
instrument, type
of instrument
----
Identification ISIN: GB00B17WCR61
code
b) Nature of the Award of options pursuant
transaction to the Connect Group PLC
Long Term Incentive Plan
---- ------------------------------ ----------------------------------
c) Price(s) and volume(s)
---- --------------- --------------
Price(s) Volume(s)
---- --------------- --------------
GBP1.38 211,096
--------------------------------------------------- --------------
d) Aggregated information n/a single transaction
----
- Aggregated volume
- Price
e) Date of the transaction 7 February 2017
---- ------------------------------ ----------------------------------
f) Place of the transaction Grant of the options took
place outside of a trading
venue
---- ------------------------------ ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a) Name Mark Cashmore
---- ------------------------------ ----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status Executive Director, Group
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 Connect Group PLC
---- ------------------------------ ----------------------------------
b) LEI 2138004033ONVOOQXB02
---- ------------------------------ ----------------------------------
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 Ordinary 5p shares
the financial
instrument, type
of instrument
----
Identification ISIN: GB00B17WCR61
code
b) Nature of the Award of options pursuant
transaction to the Connect Group PLC
Deferred Bonus Plan
---- ------------------------------ ----------------------------------
c) Price(s) and volume(s)
---- --------------- --------------
Price(s) Volume(s)
---- --------------- --------------
GBP1.38 118,576
--------------------------------------------------- --------------
d) Aggregated information n/a single transaction
----
- Aggregated volume
- Price
e) Date of the transaction 7 February 2017
---- ------------------------------ ----------------------------------
f) Place of the transaction Grant of the options took
place outside of a trading
venue
---- ------------------------------ ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ------------------------------------------------------------------
a) Name Jonathan Bunting
---- ------------------------------ ----------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------
a) Position/status Executive Director, MD of
Connect News & Media
---- ------------------------------ ----------------------------------
b) Initial notification Initial Notification
/Amendment
---- ------------------------------ ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ------------------------------------------------------------------
a) Name Connect Group PLC
---- ------------------------------ ----------------------------------
b) LEI 2138004033ONVOOQXB02
---- ------------------------------ ----------------------------------
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 Ordinary 5p shares
the financial
instrument, type
of instrument
----
Identification ISIN: GB00B17WCR61
code
b) Nature of the Award of options pursuant
transaction to the Connect Group PLC
Deferred Bonus Plan
---- ------------------------------ ----------------------------------
c) Price(s) and volume(s)
---- --------------- --------------
Price(s) Volume(s)
---- --------------- --------------
GBP1.38 97,649
--------------------------------------------------- --------------
d) Aggregated information n/a single transaction
----
- Aggregated volume
- Price
e) Date of the transaction 7 February 2017
---- ------------------------------ ----------------------------------
f) Place of the transaction Grant of the options took
place outside of a trading
venue
---- ------------------------------ ----------------------------------
Alison Painter
Interim Deputy Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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