Aldermore Group PLC Director/PDMR Shareholding (6625L)

TIDMALD

RNS Number : 6625L

Aldermore Group PLC

04 October 2016

Aldermore Group PLC

(the "Company")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

The Company announces that on 3 October 2016, Rob Divall, Group HR Director, was granted an award under the Performance Share Plan ("PSP"), in the form of a nil-cost option, to acquire 87,823 ordinary shares of 10 pence each in the Company. The award was made for nil consideration.

The award is conditional on the achievement of performance targets (50% based on relative Total Shareholder Return against a comparator group, measured over the three-year period to 31 December 2018; and 50% based on Earnings Per Share for the financial year ended 31 December 2018). Subject to the performance conditions, the award will vest on 3 October 2019 and will be subject to a further two-year holding period which will expire on 3 October 2021 (when the award becomes exercisable). In addition, PSP awards may be subject to malus and clawback in exceptional circumstances in line with the PSP rules. The amount shown above represents the maximum possible opportunity subject to any additional shares awarded at vesting in lieu of dividends on shares that vest.

The price used to calculate the number of shares awarded is GBP2.2773, being the price used to calculate the annual awards made under the PSP on 21 March 2016.

This announcement is made in accordance with the requirements of the FCA's Disclosure Guidance and Transparency Rules Sourcebook and EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------ 
 a)   Name                   Rob Divall 
---  ---------------------  ------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position /             Group HR Director 
       status 
---  ---------------------  ------------------------------------- 
 b)   Initial notification   Initial notification 
       / Amendment 
---  ---------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------ 
 a)   Name                   Aldermore Group PLC 
---  ---------------------  ------------------------------------- 
 b)   LEI                    N/A 
---  ---------------------  ------------------------------------- 
 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            Nil-cost option over 87,823 Ordinary 
       of the financial       Shares of 10p each 
       instrument, 
       type of instrument 
       Identification 
       code                   GB00BQQMCJ47 
---  ---------------------  ------------------------------------- 
 b)   Nature of              Grant of option under Performance 
       the transaction        Share Plan 
---  ---------------------  ------------------------------------- 
 c)   Price(s) and                    Price(s)   Volume(s) 
       volume(s)                     ---------  ---------- 
                                           -           - 
                                     ---------  ---------- 
---  ---------------------  ------------------------------------- 
 d)   Aggregated             N/A 
       information 
       - Aggregated 
       volume 
       - Price 
---  ---------------------  ------------------------------------- 
 e)   Date of the            2016-10-03 
       transaction 
---  ---------------------  ------------------------------------- 
 f)   Place of the           Outside a trading venue 
       transaction 
---  ---------------------  ------------------------------------- 
 

Rachel Spencer

Company Secretary

4 October 2016

This information is provided by RNS

The company news service from the London Stock Exchange

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October 04, 2016 09:07 ET (13:07 GMT)