CPPGroup Plc Director/PDMR Shareholding (0281V)

TIDMCPP

RNS Number : 0281V

CPPGroup Plc

03 April 2023

3 April 2023

CPPGroup Plc ("CPP", "CPP Group" or the "Company")

Director/PDMR Shareholding

On 31 March 2023, options over ordinary shares of GBP1 each in the Company ("Ordinary Shares") were awarded to the following Directors under the CPPGroup Plc Deferred Bonus Plan (the "Plan"):

 
                  Award of           Resultant 
                   Ordinary Shares    interests 
                   under the          in unvested 
                   Plan               Ordinary Shares 
                                      under incentive 
                                      plans 
 Simon Pyper          219,941            219,941 
                 -----------------  ----------------- 
 David Bowling        114,370            114,370 
                 -----------------  ----------------- 
 

The Plan recognises the importance of long-term engagement and retention of the Executive Management Committee (EMC) to deliver the strategy and change management programme (CMP) which will be to the benefit of all shareholders.

The options awarded under the Plan to Simon Pyper and David Bowling represent their agreement to defer 75% and 65% respectively of their total bonus award for 2022 as the strategy and CMP progresses. The share option awards under the Plan were valued at GBP1.02 being the average closing price of the Company's shares for a period of 30 days from the announcement of the strategy and CMP on 19 October 2022.

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. Fifty percent of the awards will vest on 31 December 2023 and the remaining fifty percent on 31 December 2024 and will normally remain exercisable until the day before the tenth anniversary of the date of the grant, provided the individual remains an employee or officer of the Company.

The total number of options awarded under the Plan to the Directors and other EMC members is 635,320.

The total issued share capital as at the date of this announcement is 8,846,045.

Enquiries:

 
 CPPGroup plc 
 Sarah Atherton, Company Secretary   Tel: [phone] 
 
 Liberum Capital Limited 
 (Nominated Adviser and Sole         Tel: [phone] 
  Broker) 
 Richard Lindley 
 Lauren Kettle 
 
 

About CPP

CPP Group is a technology-driven assistance company that creates embedded and ancillary real-time assistance products and resolution services that reduce disruption to everyday life for millions of people across the world, at the time and place they are needed, CPP Group is listed on AIM, operated by the London Stock Exchange.

For more information on CPP visit https://international.cppgroup.com .

 
 1.    Details of the person discharging managerial responsibilities/person 
        closely associated 
 (a)   Name                                  Simon Pyper 
                                              David Bowling 
      ------------------------------------  ------------------------------------ 
 2.    Reason for the notification 
      -------------------------------------------------------------------------- 
 (a)   Position/status                       Executive Directors 
      ------------------------------------  ------------------------------------ 
 (b)   Initial notification/ Amendment       Initial notification 
      ------------------------------------  ------------------------------------ 
 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 of the Financial          Ordinary shares of GBP1 each 
        Instrument 
      ------------------------------------  ------------------------------------ 
 (b)   Identification code of                GB00BMDX5Z93 
        the Financial Instrument 
      ------------------------------------  ------------------------------------ 
 (c)   Nature of the transaction             Award of share options 
      ------------------------------------  ------------------------------------ 
 (d)   Price(s) and volume(s)                Price(s)    Volume(s) 
                                            ----------  ------------------------ 
                                             N/A         Simon Pyper - 219,941 
                                                          David Bowling - 
                                                          114,370 
                                            ----------  ------------------------ 
 (e)   Aggregated information 
         *    Aggregated volume                n/a 
                                               n/a 
 
        - Price 
                                            ------------------------------------ 
 (f)   Date of the transaction               31 March 2023 
      ------------------------------------  ------------------------------------ 
 (g)   Place of the transaction              London Stock Exchange, AIM (XLON) 
      ------------------------------------  ------------------------------------ 
 

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April 03, 2023 02:00 ET (06:00 GMT)