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CNCT Connect Group Plc

25.60
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Connect Group Plc LSE:CNCT London Ordinary Share GB00B17WCR61 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 25.60 25.70 25.80 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Connect Group PLC Director/PDMR Shareholding (2739W)

07/02/2017 5:04pm

UK Regulatory


Connect (LSE:CNCT)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Connect Charts.

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

DSHSSEFWWFWSESE

(END) Dow Jones Newswires

February 07, 2017 12:04 ET (17:04 GMT)

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