McKay Securities Plc Director/PDMR Shareholding (5016K)

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RNS Number : 5016K

McKay Securities Plc

05 May 2022

5 May 2022

MCKAY SECURITIES PLC

("McKay" or the "Company")

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

The Persons Discharging Managerial Responsibility ("PDMRs") named below undertook the following transactions in ordinary shares of 20 pence each in the capital of McKay ("McKay Shares").

On 5 May 2022, following the sanction by the High Court of Justice in England and Wales (the "Court") on 4 May 2022 of the proposed scheme of arrangement to be made between McKay and its shareholders under Part 26 of the Companies Act 2006 (the "Scheme") to implement the recommended cash and share offer by Workspace Group PLC for the entire issued, and to be issued, ordinary share capital of McKay (the "Acquisition"), the following PDMRs acquired McKay Shares for nil consideration, comprising the original award McKay Shares and additional dividend equivalent McKay Shares:

 
 Name of PDMR        Original      Dividend Equivalent   Total Award Shares 
                    Award Shares          Shares               Vesting 
 McKay Performance Share Plan 2017 
 Simon Perkins           364,256                30,448              394,704 
                  --------------  --------------------  ------------------- 
 Giles Salmon            238,407                19,927              258,334 
                  --------------  --------------------  ------------------- 
 Thomas Elliott          208,933                17,465              226,398 
                  --------------  --------------------  ------------------- 
 McKay Deferred Bonus Share Plan 2017 
 Simon Perkins            39,815                 2,646               42,461 
                  --------------  --------------------  ------------------- 
 Giles Salmon             26,057                 1,732               27,789 
                  --------------  --------------------  ------------------- 
 Thomas Elliott           22,839                 1,517               24,356 
                  --------------  --------------------  ------------------- 
 

The following disclosures are made in accordance with Article 19.3 of Regulation 596/2014.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Simon Perkins (Chief Executive Officer) 
                                   Giles Salmon (Chief Financial Officer) 
                                   Thomas Elliott (Property Director and 
                                   Head of Sustainability) 
     --------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status             As detailed in 1a) above 
     --------------------------  ------------------------------------------ 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                        McKay Securities Plc 
     --------------------------  ------------------------------------------ 
 b)   LEI                         213800OPY9L5UDCSZN71 
     --------------------------  ------------------------------------------ 
 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          Ordinary shares of 20 pence each ("McKay 
       financial instrument,       Shares") 
       type of instrument 
 
       Identification code         GB0005522007 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Acquisition of McKay Shares on 5 May 
                                   2022 following the automatic vesting 
                                   and exercise of awards of McKay Shares 
                                   granted under the McKay Performance 
                                   Share Plan 2017 on 18 July 2017, 10 
                                   June 2019, 23 June 2020 and 9 June 2021 
                                   and McKay Deferred Bonus Share Plan 
                                   2017 on 10 June 2019 and 11 January 
                                   2021, in accordance with the rules of 
                                   such plans as amended from time to time, 
                                   upon and as a result of the Court's 
                                   sanction on 4 May 2022 of the Scheme 
                                   to implement the Acquisition. 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)       PDMR              Price(s)    Volume(s) 
                                    Simon Perkins     Nil           437,165 
                                                     ----------  ---------- 
                                    Giles Salmon      Nil           286,123 
                                                     ----------  ---------- 
                                    Thomas Elliott    Nil           250,754 
                                                     ----------  ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume          974,042 
 
       - Price                      Nil 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     5 May 2022 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ------------------------------------------ 
 

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May 05, 2022 09:12 ET (13:12 GMT)