CPPGroup Plc Director/PDMR Shareholding (4445V)

TIDMCPP

RNS Number : 4445V

CPPGroup Plc

02 November 2017

2 November 2017

CPPGroup Plc

Director/PDMR Shareholdings

CPPGroup Plc Long Term Incentive Plan

On 2 November 2017, options over ordinary shares of 1 penny each in CPPGroup Plc ("CPP" or the "Company") have been awarded to the following Director under the CPPGroup Plc Long Term Incentive Plan 2016 (the "Plan"):

 
 1.     Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ------------------------------------------------------------------- 
 (a)    Name                        Oliver Laird 
-----  --------------------------  --------------------------------------- 
 2.     Reason for the notification 
-----  ------------------------------------------------------------------- 
 (a)    Position/status             Chief Financial Officer 
-----  --------------------------  --------------------------------------- 
 (b)    Initial notification/       Initial notification 
         Amendment 
-----  --------------------------  --------------------------------------- 
 3.     Details of the issuer 
-----  ------------------------------------------------------------------- 
 (a)    Name                        CPPGroup Plc 
-----  --------------------------  --------------------------------------- 
 (b)    LEI                                    213800FRDE79FTQI4X25 
-----  --------------------------  --------------------------------------- 
 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                 Ordinary shares of 1 penny each 
         of the Financial 
         Instrument 
-----  --------------------------  --------------------------------------- 
 (b)    Identification              GB00B5W55H93 
         code of the 
         Financial Instrument 
-----  --------------------------  --------------------------------------- 
 (c)    Nature of the               Award of share options 
         transaction 
-----  --------------------------  --------------------------------------- 
 (d)    Price(s) and                Price(s)    Volume(s) 
         volume(s) 
                                   ----------  --------------------------- 
   N/A                                                           1,272,605 
  -------------------------------------------  --------------------------- 
 (e)    Aggregated information 
          *    Aggregated volume      N/A 
 
 
         - Price 
-----  --------------------------  --------------------------------------- 
 (f)    Date of the                 2 November 2017 
         transaction 
-----  --------------------------  --------------------------------------- 
 (g)    Place of the                London Stock Exchange 
         transaction 
-----  --------------------------  --------------------------------------- 
 

No consideration was paid for the grant of the awards which are structured as nil cost options.

The vesting of an award is subject to the satisfaction of performance conditions set by the Remuneration Committee of the Company. The awards will normally vest on 20 April 2020 following the determination of the performance conditions, and will then normally remain exercisable until the day before the tenth anniversary of 20 April 2020, provided the individual remains an employee or officer of the Company.

Following the above award, Oliver Laird's total interest in shares of the Company is 1,272,605 in unvested shares under incentive plans

The total issued share capital of the Group as at the date of this announcement is 856,480,830.

.

Enquiries:

CPPGroup Plc

Jason Walsh, Chief Executive Officer

Lorraine Beavis, Group Company Secretary

Tel: [phone]

Nominated Adviser and Corporate Broker

Investec Bank plc

Sara Hale / James Rudd / Carlton Nelson

Tel: [phone]

Media

Maitland

Neil Bennett; Daniel Yea

Tel: [phone]

For more information on CPP visit www.cppgroupplc.com

REGISTERED OFFICE

CPPGroup Plc

6 East Parade

LEEDS

LS1 2AD

Registered number: 07151159

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 02, 2017 12:16 ET (16:16 GMT)