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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Caretech Holdings Plc | LSE:CTH | London | Ordinary Share | GB00B0KWHQ09 | ORD 0.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 750.00 | 749.00 | 750.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMCTH
RNS Number : 2630J
CareTech Holdings PLC
21 December 2020
Hot Features
Premium
21 December 2020
CareTech Holdings PLC
("CareTech" or "the Group")
New Long-Term Incentive Plan
PDMR Dealings
CareTech Holdings PLC (AIM: CTH), a pioneering provider of specialist social care and education services to adults and children in the UK, announces that, upon the recommendation of the Group's remuneration committee, the Board has approved the implementation of a new Long-Term Incentive Plan ('LTIP'). Pursuant to the LTIP, the Board has also made an initial grant of nil-cost options over ordinary shares in the Company ("Awards") to the Company's executive directors and certain other members of the senior management team (the "Participants"). The total initial grant of Awards is for a total of 803,689 share options.
The LTIP replaces the Group's existing executive share option scheme and has been established with a view to encourage long-term value creation for the Group's shareholders and to align the interests of the Participants with shareholders. The Board believes that the implementation of the LTIP will also assist the Group in attracting and retaining high-calibre individuals for the future. In establishing the LTIP, the Board consulted with AON Hewitt Consulting Services.
Further details of the Long-Term Incentive Plan
Awards will normally vest on the third anniversary of the date of grant, subject to the satisfaction of any performance conditions and the grantee's continued service. Upon vesting, 50% of the Award shares are subject to a holding period of 4 years from the date of grant, with the remaining 50% of the Award shares subject to a holding period of 5 years from the date of grant. During the holding period, restrictions will apply to the sale or other disposal of the shares. Malus and clawback provisions are also in place to reduce or recover the awards for criteria such as any material misstatement of the financial statements, a serious breach of the Company's code of ethics.
Grants under the LTIP are subject to a dilution limit of no more than 10% of the ordinary share capital (across all of the Group's share plans) within a cumulative ten-year period going forwards.
PDMR Dealings
The following Awards have been granted to the following person(s) discharging managerial responsibilities.
PDMR No. of shares under Award on the
basis of achieving the maximum performance
targets
Farouq Sheikh 123,203
--------------------------------------------
Haroon Sheikh 138,604
--------------------------------------------
Christopher Dickinson 92,402
--------------------------------------------
Michael Adams 19,251
--------------------------------------------
John Ivers 55,441
--------------------------------------------
Nasir Quraishi 26,233
--------------------------------------------
Wahid Cockar 19,543
--------------------------------------------
Shokat Akbar 22,331
--------------------------------------------
Amanda Sherlock 21,068
--------------------------------------------
Joan Bone 16,170
--------------------------------------------
Andrew Lee 10,780
--------------------------------------------
David Parkinson 7,084
--------------------------------------------
Vesting of these Awards above are subject to the growth in underlying earnings per share ("EPS") during the three financial years ending 30 September 2023 (the "Performance Period"). 100% of the Awards will vest in the event that EPS increases 35% during the Performance Period.
Details of the full notifications received by the Company are set out below.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Farouq Sheikh
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Chairman
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 123,203
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Haroon Sheikh
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 138,604
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Christopher Dickinson
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 92,402
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mike Adams
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Purple Chief Executive Officer
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 19,251
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Ivers
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 55,441
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nasir Quraishi
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Group Executive Director - People
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 26,233
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Wahid Cockar
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Group Executive Director - IT
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 19,543
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Shokat Akbar
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Group Executive Director - Corporate
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 22,331
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Amanda Sherlock
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Group Executive Director - Compliance
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 21,068
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Joan Bone
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Group Executive Director - Marketing
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 16,170
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Lee
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Commercial Director
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 10,780
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Parkinson
------------------------------- ---------------------------------------
2 Reason for Notification
------------------------------------------------------------------------
a) Position/status Group Financial Controller
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name CareTech Holdings PLC
------------------------------- ---------------------------------------
b) LEI 213800HI1AZG2GLBYF65
------------------------------- ---------------------------------------
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 Option over Ordinary Shares of 0.5
instrument, type of pence each in CareTech Holdings PLC
instrument
Identification code GB00B0KWHQ09
------------------------------- ---------------------------------------
b) Nature of the transaction Grant of a nil cost option award under
the CareTech Holdings PLC Long Term
Incentive Plan.
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 7,084
----------
------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 18 December 2020
------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ---------------------------------------
For further information, please contact:
CareTech Holdings PLC 01707 601800
Farouq Sheikh, Executive Chairman
Christopher Dickinson, Group Finance Director
Consilium Strategic Communications 020 3709 5700
Mary-Jane Elliott
Chris Welsh
Angela Gray
Panmure Gordon (Nomad and Joint Broker) 020 7886 2500
Emma Earl
Freddy Crossley
Charles Leigh-Pemberton
Numis (Joint Broker) 020 7260 1000
Jonathan Wilcox
James Black
Duncan Monteith
About CareTech
CareTech Holdings PLC is a leading provider of specialist social care services supporting around 5,000 adults and children with a wide range of complex needs in more than 550 day services the UK employing more than 10,500 staff; and an emerging presence in international markets.
Committed to the highest standards of care and care governance, CareTech's innovative Care Pathway covers Foster care, Children's Services, Adults Services and Technology Solutions.
CareTech, which was founded in 1993, began trading on the AIM market of the London Stock Exchange in October 2005 under the ticker symbol CTH.
For further information please visit: www.caretech-uk.com
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END
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December 21, 2020 02:00 ET (07:00 GMT)
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