ZPG PLC Director/PDMR Shareholding (2312U)

TIDMZPG

RNS Number : 2312U

ZPG PLC

11 July 2018

DIRECTOR SHAREHOLDING

11 July 2018

ZPG Plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities or Connected Persons

ZPG Shareholdings

The Company announces that on 9 July 2018, having been approved by the Remuneration Committee, the following Nil Cost Option to acquire ordinary shares in the capital of ZPG Plc of GBP0.001 each (Shares) under the ZPG Plc Value Creation Plan (VCP) has been granted to the following person discharging managerial responsibilities (PDMR):

 
 PDMR               Position                   Number of Shares over which 
                                                Nil Cost Option granted 
 Alex Chesterman    Chief Executive Officer    3,819,999 
                   -------------------------  ---------------------------- 
 

The number of Shares over which the Nil Cost Option was granted has been calculated by reference to VCP total shareholder return performance conditions as measured at 9 July 2018, being the date on which the court sanctioned the scheme of arrangement in relation to the change of control.

The Nil Cost Option is subject to the rules of the VCP and became immediately exercisable in connection with the recommended acquisition of ZPG Plc by Zephyr Bidco Limited, a wholly-owned indirect subsidiary of funds managed by Silver Lake Management Company V, LLC.

The Notification of Dealing Form can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

For enquiries, please contact:

Ned Staple, General Counsel and Company Secretary

ZPG Plc

Tel: [phone]

 
 LEI Number: 213800W48XAF3GXE51701   Details of the person discharging managerial responsibilities/person closely 
                                     associated 
 a)                                  Name                                             Alex Chesterman 
 2                                   Reason for the notification 
 a)                                  Position/status                                  Founder & 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                                             ZPG Plc 
                                    =============================================== 
 b)                                  Legal Entity Identifier                          213800W48XAF3GXE5170 
                                    ----------------------------------------------- 
 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 shares of 0.1 pence 
                                      the financial instrument,                        each 
                                      type of instrument 
 
                                      Identification                                   GB00BMHTHT14 
                                      code 
 b)                                  Nature of the transaction                        Grant of nil cost share option 
                                                                                       over ordinary shares under 
                                                                                       the ZPG Plc Value Creation 
                                                                                       Plan. 
                                    ----------------------------------------------- 
 c)                                  Currency                                         GBP 
                                    -----------------------------------------------  ------------------------------- 
 d)                                  Price(s) and volume(s)                           Price: Nil 
 
                                                                                       Volume: 3,819,999 
----------------------------------  -----------------------------------------------  --------------------------------- 
 e)                                  Aggregated information                           N/A 
                                     - Aggregated Volume 
                                     - Aggregated Price 
 f)                                  Date of the transaction                          2018-07-09 
                                    =============================================== 
 g)                                  Place of the transaction                         Outside a trading venue 
                                    -----------------------------------------------  ================================= 
 

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July 11, 2018 02:00 ET (06:00 GMT)