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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Arrow Global Group Plc | LSE:ARW | London | Ordinary Share | GB00BDGTXM47 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 307.00 | 307.00 | 307.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMARW
RNS Number : 9625C
Arrow Global Group PLC
21 June 2019
21 June 2019
Arrow Global Group PLC (the "Company")
Director/PDMR Shareholding
Notification of Transactions of Directors, Persons Discharging Responsibility or Connected Persons - DTR3.1.4R(1)
Arrow Global Group PLC announces that on 20 June 2019, it granted nil-cost options over its ordinary shares under the Arrow Global Group Long - Term Incentive Plan ("LTIP") to the following directors and persons discharging managerial responsibility:
DIRECTORS NUMBER OF NIL COST OPTIONS UNDER LTIP* Lee Rochford 390,780 --------------------------------- Paul Cooper 237,259 --------------------------------- PERSONS DISCHARGING MANAGERIAL NUMBER OF NIL COST OPTIONS RESPONSIBILITIES UNDER LTIP* Tracy French 95,337 --------------------------- Stewart Hamilton 86,670 --------------------------- Dave Sutherland 122,746 ---------------------------
* No payment is required for the shares, which will vest on the third anniversary of the date of grant, subject to the achievement of performance targets measured over a three year period which commenced on 1 January 2019.
The performance measures for the nil-cost options are underlying ROE (as regards 50% of the award), relative TSR (as regards 25% of the award) and underlying FCF (as regards 25% of the award), as disclosed on page 76 of the Annual Report and Accounts 2018. Underlying FCF (being cash from operations after interest and taxes, but before exceptional business disposals and excluding adjusted items and subject to such other adjustments as the Remuneration Committee determines) is a three year cumulative target with threshold vesting being achieved at GBP715m and maximum vesting at GBP757m, with straight line vesting in between. The targets for the ROE and relative TSR measures are as set out on page 76 of the Annual Report and Accounts 2018.
ENQUIRIES
Stewart Hamilton (Company Secretary) +44 (0) 161 242 5861 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Lee Rochford ------------------------------------------------------------------------------- ----------------------------- 2 Reason for the notification -------------------------------------------------------------------------------------------------------------- a) Position/status Group Chief Executive Officer ------------------------------------------------------------------------------- ----------------------------- b) Initial notification/ Amendment Initial notification ------------------------------------------------------------------------------- ----------------------------- 3 Details of the issuer -------------------------------------------------------------------------------------------------------------- a) Name Arrow Global Group Plc ------------------------------------------------------------------------------- ----------------------------- b) LEI code 213800CUJ6YMLEO33C88 ------------------------------------------------------------------------------- ----------------------------- 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 instrument, type of instrument Identification code Ordinary shares of 1p each ISIN: GB00BDGTXM47 ------------------------------------------------------------------------------- ----------------------------- b) Nature of the transaction Grant of award under the Company's Long Term Incentive Plan. ------------------------------------------------------------------------------- ----------------------------- c) Price(s) and volume(s) LTIP Award Price Volume Nil cost award 390,780 -------- ------------------------------------------------------------------------------- ----------------------------- d) Aggregated information N/A - Aggregated volume - Price ------------------------------------------------------------------------------- ----------------------------- e) Date of the transaction 20 June 2019 ------------------------------------------------------------------------------- ----------------------------- f) Place of the transaction Outside a trading venue ------------------------------------------------------------------------------- ----------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Paul Cooper ------------------------------------------------------------------------------- ----------------------------- 2 Reason for the notification -------------------------------------------------------------------------------------------------------------- a) Position/status Group Chief Financial Officer ------------------------------------------------------------------------------- ----------------------------- b) Initial notification/ Amendment Initial notification ------------------------------------------------------------------------------- ----------------------------- 3 Details of the issuer -------------------------------------------------------------------------------------------------------------- a) Name Arrow Global Group Plc ------------------------------------------------------------------------------- ----------------------------- b) LEI code 213800CUJ6YMLEO33C88 ------------------------------------------------------------------------------- ----------------------------- 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 instrument, type of instrument Identification code Ordinary shares of 1p each ISIN: GB00BDGTXM47 ------------------------------------------------------------------------------- ----------------------------- b) Nature of the transaction Grant of award under the Company's Long Term Incentive Plan. ------------------------------------------------------------------------------- ----------------------------- c) Price(s) and volume(s) LTIP Award Price Volume Nil cost award 237,259 -------- ------------------------------------------------------------------------------- ----------------------------- d) Aggregated information N/A - Aggregated volume - Price
------------------------------------------------------------------------------- ----------------------------- e) Date of the transaction 20 June 2019 ------------------------------------------------------------------------------- ----------------------------- f) Place of the transaction Outside a trading venue ------------------------------------------------------------------------------- ----------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Tracy French ------------------------------------------------------------------------------- ----------------------------- 2 Reason for the notification -------------------------------------------------------------------------------------------------------------- a) Position/status Group HR Director ------------------------------------------------------------------------------- ----------------------------- b) Initial notification/ Amendment Initial notification ------------------------------------------------------------------------------- ----------------------------- 3 Details of the issuer -------------------------------------------------------------------------------------------------------------- a) Name Arrow Global Group Plc ------------------------------------------------------------------------------- ----------------------------- b) LEI code 213800CUJ6YMLEO33C88 ------------------------------------------------------------------------------- ----------------------------- 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 instrument, type of instrument Identification code Ordinary shares of 1p each ISIN: GB00BDGTXM47 ------------------------------------------------------------------------------- ----------------------------- B Nature of the transaction Grant of award under the Company's Long Term Incentive ) Plan. ------------------------------------------------------------------------------- ----------------------------- c) Price(s) and volume(s) LTIP Award Price Volume Nil cost award 95,337 ------- ------------------------------------------------------------------------------- ----------------------------- d) Aggregated information N/A - Aggregated volume - Price ------------------------------------------------------------------------------- ----------------------------- e) Date of the transaction 20 June 2019 ------------------------------------------------------------------------------- ----------------------------- f) Place of the transaction Outside a trading venue ------------------------------------------------------------------------------- ----------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Stewart Hamilton ------------------------------------------------------------------------------- ----------------------------- 2 Reason for the notification -------------------------------------------------------------------------------------------------------------- a) Position/status General Counsel and Company Secretary ------------------------------------------------------------------------------- ----------------------------- b) Initial notification/ Amendment Initial notification ------------------------------------------------------------------------------- ----------------------------- 3 Details of the issuer -------------------------------------------------------------------------------------------------------------- a) Name Arrow Global Group Plc ------------------------------------------------------------------------------- ----------------------------- b) LEI code 213800CUJ6YMLEO33C88 ------------------------------------------------------------------------------- ----------------------------- 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 instrument, type of instrument Identification code Ordinary shares of 1p each ISIN: GB00BDGTXM47 ------------------------------------------------------------------------------- ----------------------------- b) Nature of the transaction Grant of award under the Company's Long Term Incentive Plan. ------------------------------------------------------------------------------- ----------------------------- c) Price(s) and volume(s) LTIP Award Price Volume Nil cost award 86,670 ------- ------------------------------------------------------------------------------- ----------------------------- d) Aggregated information N/A - Aggregated volume - Price ------------------------------------------------------------------------------- ----------------------------- e) Date of the transaction 20 June 2019 ------------------------------------------------------------------------------- ----------------------------- f) Place of the transaction Outside a trading venue ------------------------------------------------------------------------------- ----------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Dave Sutherland ---------------------------------------- ----------------------------- 2 Reason for the notification ----------------------------------------------------------------------- a) Position/status Group Chief Operating Officer ---------------------------------------- ----------------------------- b) Initial notification/ Amendment Initial notification ---------------------------------------- ----------------------------- 3 Details of the issuer ----------------------------------------------------------------------- a) Name Arrow Global Group Plc ---------------------------------------- ----------------------------- b) LEI code 213800CUJ6YMLEO33C88 ---------------------------------------- -----------------------------
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 instrument, Ordinary shares type of instrument Identification code of 1p each ISIN: GB00BDGTXM47 ---------------------------------------- ----------------------------- b) Nature of the transaction Grant of awards under the Company's Long Term Incentive Plan. ---------------------------------------- ----------------------------- c) Price(s) and volume(s) LTIP Award Price Volume Nil cost award 122,746 -------- ---------------------------------------- ----------------------------- d) Aggregated information N/A - Aggregated volume - Price ---------------------------------------- ----------------------------- e) Date of the transaction 20 June 2019 ---------------------------------------- ----------------------------- f) Place of the transaction Outside a trading venue ---------------------------------------- -----------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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June 21, 2019 02:00 ET (06:00 GMT)
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