Spire Healthcare Group PLC Director/PDMR Shareholding (0184W)
April 12 2023 - 11:22AM
UK Regulatory
TIDMSPI
RNS Number : 0184W
Spire Healthcare Group PLC
12 April 2023
12 April 2023
Spire Healthcare Group plc (the Company)
Exercise of Executive Share Plan awards
On 11 April 2023, Justin Ash and Jitesh Sodha, both Executive
Directors of the Company, exercised their vested:
-- Long Term Incentive Plan award in the Company that were
granted on 28 March 2018 (the 2018 LTIP award). 2018 LTIP awards
were subject to certain performance metrics that were measured over
a three-year period and full details of the outcomes of these were
reported in the Company's 2020 Annual Report and Accounts. On
vesting in March 2021, the 2018 LTIP awards were subject to a
further two-year holding period which ended at the end of March
2023; and
-- Deferred Share Bonus Plan award that were granted on 6 April
2020 (the 2020 DSBP award). 2020 DSBP awards were subject to a
three-year holding period which ended on the third anniversary of
the award being made.
Following the exercise by both Directors of their 2018 LTIP
awards and 2020 DSBP awards over ordinary shares in the Company and
after the satisfaction of taxes due, both decided to retain the
balance of ordinary shares.
Share plan and Shares vested Shares retained
type of award and exercised following satisfaction
of taxes due
2018 LTIP (in the
form of nil-cost
Justin Ash options) 108,874 57,703
------------------ --------------- ------------------------
2020 DSBP (in the
form of nil-cost
Justin Ash options) 170,833 90,541
------------------ --------------- ------------------------
Total number of shares retained 148,244
------------------------
Following the transactions, Justin Ash holds 578,268 ordinary
shares in the Company.
Share plan and Shares vested Shares retained
type of award and exercised following satisfaction
of taxes due
2018 LTIP (in the
form of nil-cost
Jitesh Sodha options) 78,287 41,492
------------------ --------------- ------------------------
2020 DSBP (in the
form of nil-cost
Jitesh Sodha options) 73,140 38,764
------------------ --------------- ------------------------
Total number of shares retained 80,256
------------------------
Following the transactions, Jitesh Sodha holds 134,058 ordinary
shares in the Company.
Notification and public disclosure of transaction by persons
discharging managerial responsibility and persons closely
associated with them
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Justinian Joseph Ash
----------------------------------------- -------------------------------------------------
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 Spire Healthcare Group plc
----------------------------------------- -------------------------------------------------
b) LEI 213800IBJPW3SE2RA350
----------------------------------------- -------------------------------------------------
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 shares of 1 pence each
the financial
instrument, type GB00BNLPYF73
of instrument
Identification
code
----------------------------------------- -------------------------------------------------
b) Nature of the Exercise of nil-cost options over ordinary
transaction shares vesting under the Spire Healthcare
Group plc Long Term Incentive Plan 2014.
Following the exercise by Mr Ash of his
award over 108,874 ordinary shares and after
the satisfaction of taxes due, a balance
of 57,703 ordinary shares were transferred
to him which he has retained.
----------------------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- ------------------------ -----------------------
Nil 108,874
----------------------------------------------------------------------- -----------------------
d) Aggregated information As above
- Aggregated volume
- Price
----------------------------------------- -------------------------------------------------
e) Date of the transaction 2023-04-11
----------------------------------------- -------------------------------------------------
f) Place of the transaction XLON
----------------------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Jitesh Himatlal Sodha
----------------------------------------- ------------------------------------------------
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 Spire Healthcare Group plc
----------------------------------------- ------------------------------------------------
b) LEI 213800IBJPW3SE2RA350
----------------------------------------- ------------------------------------------------
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 shares of 1 pence each
the financial
instrument, type GB00BNLPYF73
of instrument
Identification
code
----------------------------------------- ------------------------------------------------
b) Nature of the Exercise of nil-cost options over ordinary
transaction shares vesting under the Spire Healthcare
Group plc Long Term Incentive Plan 2014.
Following the exercise by Mr Sodha of his
award over 78,287 ordinary shares and after
the satisfaction of taxes due, a balance
of 41,492 ordinary shares were transferred
to him which he has retained.
----------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- ----------------------- -----------------------
Nil 78,287
---------------------------------------------------------------------- -----------------------
d) Aggregated information As above
- Aggregated volume
- Price
----------------------------------------- ------------------------------------------------
e) Date of the transaction 2023-04-11
----------------------------------------- ------------------------------------------------
f) Place of the transaction XLON
----------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Justinian Joseph Ash
----------------------------------------- -------------------------------------------------
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 Spire Healthcare Group plc
----------------------------------------- -------------------------------------------------
b) LEI 213800IBJPW3SE2RA350
----------------------------------------- -------------------------------------------------
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 shares of 1 pence each
the financial
instrument, type GB00BNLPYF73
of instrument
Identification
code
----------------------------------------- -------------------------------------------------
b) Nature of the Exercise of nil-cost options over ordinary
transaction shares vesting under the Spire Healthcare
Group plc Deferred Share Bonus Plan 2014.
Following the exercise by Mr Ash of his
award over 170,833 ordinary shares and after
the satisfaction of taxes due, a balance
of 90,541 ordinary shares were transferred
to him which he has retained.
----------------------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- ------------------------ -----------------------
Nil 170,833
----------------------------------------------------------------------- -----------------------
d) Aggregated information As above
- Aggregated volume
- Price
----------------------------------------- -------------------------------------------------
e) Date of the transaction 2023-04-11
----------------------------------------- -------------------------------------------------
f) Place of the transaction XLON
----------------------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Jitesh Himatlal Sodha
----------------------------------------- ------------------------------------------------
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 Spire Healthcare Group plc
----------------------------------------- ------------------------------------------------
b) LEI 213800IBJPW3SE2RA350
----------------------------------------- ------------------------------------------------
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 shares of 1 pence each
the financial
instrument, type GB00BNLPYF73
of instrument
Identification
code
----------------------------------------- ------------------------------------------------
b) Nature of the Exercise of nil-cost options over ordinary
transaction shares vesting under the Spire Healthcare
Group plc Deferred Share Bonus Plan 2014.
Following the exercise by Mr Sodha of his
award over 73,140 ordinary shares and after
the satisfaction of taxes due, a balance
of 38,764 ordinary shares were transferred
to him which he has retained.
----------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- ----------------------- -----------------------
Nil 73,140
---------------------------------------------------------------------- -----------------------
d) Aggregated information As above
- Aggregated volume
- Price
----------------------------------------- ------------------------------------------------
e) Date of the transaction 2023-04-11
----------------------------------------- ------------------------------------------------
f) Place of the transaction XLON
----------------------------------------- ------------------------------------------------
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