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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Arrow Global Group Plc | LSE:ARW | London | Ordinary Share | GB00BDGTXM47 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 307.00 | 307.00 | 307.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMARW
RNS Number : 9264E
Arrow Global Group PLC
12 May 2017
12 May 2017
Arrow Global Group PLC (the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
Arrow Global Group Long Term Incentive Plan ("LTIP") - Exercise of 2014 awards
In respect of the nil-cost options awarded over ordinary shares under the LTIP on 11 March 2014 ("2014 LTIP"), following partial achievement of the performance criteria, 86.04% of the 2014 LTIP awards vested on 11 March 2017. The participants are not required to make any payment for the shares which vested on the achievement of specified performance targets which were measured over the three year period commencing on 1 January 2014.
The following table sets out the number of ordinary shares in the Company which were exercised by PDMRs on 11 May 2017 ("Shares") under the 2014 LTIP. The Shares set out in the third column below were sold, including those sold to discharge the tax liability on the Shares, on 11 May 2017 at an average price of GBP3.845 per Share, leaving the balance of Shares set out in the final column below:
Hot Features
Premium
Name of PDMR Number of Shares exercised Total number of Shares sold, Balance of Shares retained by
including Shares sold to Director/PDMR
discharge tax liabilities (and
percentage
of Company's issued share
capital sold)
------------------ --------------------------- --------------------------------- ----------------------------------
Steve Greenwood 30,000 30,000 nil
------------------ --------------------------- --------------------------------- ----------------------------------
Stewart Hamilton 33,416 33,416 nil
------------------ --------------------------- --------------------------------- ----------------------------------
Vesting of Restricted Share Award
On 11 May 2017, a restricted share award granted to Zachary Lewy on 15 June 2015, vested and 266,008 Shares were released to Mr Lewy.
Mr Lewy sold 125,275 of the released Shares at an average price of GBP3.845 per Share to satisfy the tax liability arising as a result of the vesting, and retained the balance of 140,733 Shares.
Interests of Directors and PDMRs
As a result of the above transactions, the PDMRs are interested in the following ordinary shares in the Company:
Name of Director/PDMR Aggregate Shares held Beneficially (across all accounts % of the Company's Share Capital
following notifications) (a) (d) (e)
----------------------- ---------------------------------------------------------- ---------------------------------
Zachary Lewy 3,794,166 (b)(c) 2.16
----------------------- ---------------------------------------------------------- ---------------------------------
Steve Greenwood 3,285 0.002
----------------------- ---------------------------------------------------------- ---------------------------------
Stewart Hamilton 132,947 0.08
----------------------- ---------------------------------------------------------- ---------------------------------
Notes
(a) Excluding unvested LTIP awards of nil cost options. (b) Includes awards under the Deferred Share Bonus Plan. (c) Includes restricted share awards. (d) Includes shares held by Persons Closely Associated. (e) Includes shares under the Share Incentive Plan.
The Notification of Dealing Forms set out below are 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 Zachary Lewy
----------------------------------------------- -------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Founder and
Group Chief
Investment
Officer
----------------------------------------------- -------------------------
b) Initial notification/ Amendment Initial notification
----------------------------------------------- -------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
----------------------------------------------- -------------------------
b) LEI 213800CUJ6YMLEO33C88
----------------------------------------------- -------------------------
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 instrument, Ordinary shares
type of instrument Identification code of 1p each
ISIN: GB00BDGTXM47
----------------------------------------------- -------------------------
b) Nature of the transaction Release of
shares pursuant
to the vesting
on 11 May
2017 of a
restricted
share award
granted on
15 June 2015
----------------------------------------------- -------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 266,008
- no
price
was
payable
for
the
release
of the
shares
----------------------------------------------- ------------- ----------
d) Aggregated information N/A
- Aggregated volume
- Price
----------------------------------------------- -------------------------
e) Date of the transaction 11 May 2017
----------------------------------------------- -------------------------
f) Place of the transaction Outside a
trading venue
----------------------------------------------- -------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
--------------------------------------------------------------------------
a) Name Zachary Lewy
----------------------------------------------- -------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Founder and
Group Chief
Investment
Officer
----------------------------------------------- -------------------------
b) Initial notification/ Amendment Initial notification
----------------------------------------------- -------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
----------------------------------------------- -------------------------
b) LEI 213800CUJ6YMLEO33C88
----------------------------------------------- -------------------------
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 instrument, Ordinary shares
type of instrument Identification code of 1p each
ISIN: GB00BDGTXM47
----------------------------------------------- -------------------------
b) Nature of the transaction Sale of shares
to satisfy
the tax liability
arising as
result of
the vesting
on 11 May
2017 of a
restricted
share award
granted on
15 June 2015
----------------------------------------------- -------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.845 125,275
----------------------------------------------- ----------- ------------
d) Aggregated information N/A
- Aggregated volume
- Price
----------------------------------------------- -------------------------
e) Date of the transaction 11 May 2017
----------------------------------------------- -------------------------
f) Place of the transaction London Stock
Exchange
----------------------------------------------- -------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Stewart Hamilton
------------------------------------------------------------------ ----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Group General
Counsel and
Company Secretary
------------------------------------------------------------------ ----------------------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------ ----------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
------------------------------------------------------------------ ----------------------------------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------ ----------------------------------------------
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 instrument, type of instrument Ordinary shares
Identification code of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------ ----------------------------------------------
b) Nature of the transaction Exercise of
nil-cost options
awarded over
ordinary shares
under the
LTIP on 11
March 2014.
------------------------------------------------------------------ ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/A - nil-cost options 33,416
------------------------------------------------------------------ ----------------------- ---------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------ ----------------------------------------------
e) Date of the transaction 11 May 2017
------------------------------------------------------------------ ----------------------------------------------
f) Place of the transaction Outside a
trading venue
------------------------------------------------------------------ ----------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Stewart Hamilton
-------------------------------------------------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Group General
Counsel and
Company Secretary
-------------------------------------------------------------------- --------------------------------------------
b) Initial notification/ Amendment Initial notification
-------------------------------------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
-------------------------------------------------------------------- --------------------------------------------
b) LEI 213800CUJ6YMLEO33C88
-------------------------------------------------------------------- --------------------------------------------
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 instrument, type of instrument Ordinary shares
Identification code of 1p each
ISIN: GB00BDGTXM47
-------------------------------------------------------------------- --------------------------------------------
b) Nature of the transaction Sale of shares
following
the exercise
of nil-cost
options awarded
over ordinary
shares under
the LTIP on
11 March 2014.
-------------------------------------------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.845 33,416
-------------------------------------------------------------------- --------------------- ---------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------------------------------------------- --------------------------------------------
e) Date of the transaction 11 May 2017
-------------------------------------------------------------------- --------------------------------------------
f) Place of the transaction London Stock
Exchange
-------------------------------------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Steve Greenwood
------------------------------------------------------------------ ----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Group Chief
Risk Officer
------------------------------------------------------------------ ----------------------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------ ----------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
------------------------------------------------------------------ ----------------------------------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------ ----------------------------------------------
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 instrument, type of instrument Ordinary shares
Identification code of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------ ----------------------------------------------
b) Nature of the transaction Part Exercise
of nil-cost
options awarded
over ordinary
shares under
the LTIP on
11 March 2014.
------------------------------------------------------------------ ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/A - nil-cost options 30,000
------------------------------------------------------------------ ----------------------- ---------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------ ----------------------------------------------
e) Date of the transaction 11 May 2017
------------------------------------------------------------------ ----------------------------------------------
f) Place of the transaction Outside a
trading venue
------------------------------------------------------------------ ----------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-----------------------------------------------------------------------------------------------------------------
a) Name Steve Greenwood
------------------------------------------------------------------------------- --------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Group Chief
Risk Officer
------------------------------------------------------------------------------- --------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------------------- --------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
------------------------------------------------------------------------------- --------------------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------------------- --------------------------------
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 instrument, type of instrument Identification code Ordinary shares
of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------------------- --------------------------------
b) Nature of the transaction Sale of shares
following
the part exercise
of nil-cost
options awarded
over ordinary
shares under
the LTIP on
11 March 2014.
------------------------------------------------------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.845 30,000
------------------------------------------------------------------------------- --------- ---------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------------------- --------------------------------
e) Date of the transaction 11 May 2017
------------------------------------------------------------------------------- --------------------------------
f) Place of the transaction London Stock
Exchange
------------------------------------------------------------------------------- --------------------------------
ENQUIRIES
+44 (0)161
Arrow Global 242 1724
Stewart Hamilton (Company Secretary)
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBUGDUCXBBGRB
(END) Dow Jones Newswires
May 12, 2017 02:00 ET (06:00 GMT)
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