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DMGT Daily Mail & General Trust Plc

270.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Daily Mail & General Trust Plc LSE:DMGT London Ordinary Share GB00BJQZC279 'A'ORD(NON.V)12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 270.00 270.00 271.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Daily Mail & General Director/PDMR Shareholding

19/06/2017 4:18pm

UK Regulatory


 
TIDMDMGT 
 
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING 
     MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 
 
The information set out below is provided in accordance with the requirements 
of Article 19(3) of the EU Market Abuse Regulation No 596/2014. 
 
The Company has today confirmed long term awards under the DMGT Long Term 
Executive Incentive Plan 2017 as outlined in our Remuneration Policy and in the 
Company's 2016 Annual Report. The award is intended to: 
 
  * Provide a direct link between pay and performance of the business - with 
    the opportunity for exceptional levels of reward linked to truly 
    exceptional business performance. 
 
  * Reward the delivery of sustainable long term growth and capital efficiency. 
 
To achieve this the plan has been designed to give participants a share of 
profit growth before tax above a minimum growth threshold - ensuring that the 
award is appropriately challenging and the Executive is not rewarded unless a 
minimum performance threshold is reached. 
 
To ensure that Shareholders' capital is used efficiently, a capital charge (or 
credit) will apply for any additional capital used (or released) relative to 
the starting level. 
 
The outcome will be delivered in A Ordinary Non-Voting shares upon vesting at 
the end of FY 2019, calculated by reference to a share price of GBP7.88 (the 
average share price for the first 3 days following the release of FY 2016 
results). 
 
The outcome for each participant is subject to a maximum. Awards would only 
vest at the maximum level were a highly exceptional level of performance to be 
met, resulting in significant value creation for shareholders. 
 
1               Details of the person discharging managerial responsibilities/person closely 
                associated 
 
a)              Name                              Lord Rothermere 
 
2               Reason for the notification 
 
a)              Position/status                  Chairman 
 
b)              Initial notification/Amendment   Initial notification 
 
3               Details of the issuer, emission allowance market participant, auction platform, 
                auctioneer or auction monitor 
 
a)              Name                             Daily Mail and General Trust plc 
 
b)              LEI                              4OFD47D73QFJ1T1MOF29 
 
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     A Ordinary Non-Voting Shares of 12.5 pence each 
                instrument, type of instrument 
                Identification code              GB0009457366 
 
b)              Nature of the transaction        Grant of award under the Daily Mail and General Trust Long 
                                                 Term Executive Incentive Plan 2017. The Award is 
                                                 structured as a cash award, subject to continued service 
                                                 and performance conditions, the value of which will be 
                                                 delivered in ordinary non-voting shares upon vesting 
                                                 calculated by reference to the share price as at the start 
                                                 of the performance period. 
                                                 Outcomes are linked to stretching targets for cumulative 
                                                 growth in profits over a minimum growth threshold, subject 
                                                 to adjustment for any change in capital usage. 
 
c)              Price(s) and volume(s)           Price Volume(s) 
                                                 (s) 
 
                                                 GBP0    Such number of shares as equal 1.25% of the growth 
                                                       in profit before tax, subject to a minimum growth 
                                                       threshold and after a charge for capital used, 
                                                       over the 3 years to 30 September 2019. 
                                                       Subject to a maximum of 531,091 shares. 
 
d)              Aggregated information            Not applicable, single transaction. 
 
                -  Aggregated volume 
 
                -  Price 
 
e)              Date of the transaction          19 June 2017 
 
f)              Place of the transaction         London Stock Exchange (XLON) 
 
 
 
1               Details of the person discharging managerial responsibilities/person closely 
                associated 
 
a)              Name                              Paul Zwillenberg 
 
2               Reason for the notification 
 
a)              Position/status                  Chief Executive Officer 
 
b)              Initial notification/Amendment   Initial notification 
 
3               Details of the issuer, emission allowance market participant, auction platform, 
                auctioneer or auction monitor 
 
a)              Name                             Daily Mail and General Trust plc 
 
b)              LEI                              4OFD47D73QFJ1T1MOF29 
 
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     A Ordinary Non-Voting Shares of 12.5 pence each 
                instrument, type of instrument 
                Identification code              GB0009457366 
 
b)              Nature of the transaction        Grant of award under the Daily Mail and General Trust Long 
                                                 Term Executive Incentive Plan 2017. The Award is 
                                                 structured as a cash award, subject to continued service 
                                                 and performance conditions, the value of which will be 
                                                 delivered in ordinary non-voting shares upon vesting 
                                                 calculated by reference to the share price as at the start 
                                                 of the performance period. 
                                                 Outcomes are linked to stretching targets for cumulative 
                                                 growth in profits over a minimum growth threshold, subject 
                                                 to adjustment for any change in capital usage. 
 
c)              Price(s) and volume(s)           Price Volume(s) 
                                                 (s) 
 
                                                 GBP0    Such number of shares as equal 1.25% of the growth 
                                                       in profit before tax, subject to a minimum growth 
                                                       threshold and after a charge for capital used, 
                                                       over the 3 years to 30 September 2019. 
                                                       Subject to a maximum of 475,888 shares. 
 
d)              Aggregated information            Not applicable, single transaction. 
 
                -  Aggregated volume 
 
                -  Price 
 
e)              Date of the transaction          19 June 2017 
 
f)              Place of the transaction         London Stock Exchange (XLON) 
 
 
 
1               Details of the person discharging managerial responsibilities/person closely 
                associated 
 
a)              Name                              Timothy Collier 
 
2               Reason for the notification 
 
a)              Position/status                  Chief Finance Officer 
 
b)              Initial notification/Amendment   Initial notification 
 
3               Details of the issuer, emission allowance market participant, auction platform, 
                auctioneer or auction monitor 
 
a)              Name                             Daily Mail and General Trust plc 
 
b)              LEI                              4OFD47D73QFJ1T1MOF29 
 
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     A Ordinary Non-Voting Shares of 12.5 pence each 
                instrument, type of instrument 
                Identification code              GB0009457366 
 
b)              Nature of the transaction        Grant of award under the Daily Mail and General Trust Long 
                                                 Term Executive Incentive Plan 2017. The Award is 
                                                 structured as a cash award, subject to continued service 
                                                 and performance conditions, the value of which will be 
                                                 delivered in ordinary non-voting shares upon vesting 
                                                 calculated by reference to the share price at the date 
                                                 employment commenced. 
                                                 Outcomes are linked to stretching targets for cumulative 
                                                 growth in profits over a minimum growth threshold, subject 
                                                 to adjustment for any change in capital usage. 
 
c)              Price(s) and volume(s)           Price Volume(s) 
                                                 (s) 
 
                                                 GBP0    Such number of shares as equal 0.75% of the growth 
                                                       in profit before tax, subject to a minimum growth 
                                                       threshold and after a charge for capital used, 
                                                       over the 3 years to 30 September 2019. 
                                                       Subject to a maximum of 280,851 shares. 
 
d)              Aggregated information            Not applicable, single transaction. 
 
                -  Aggregated volume 
 
                -  Price 
 
e)              Date of the transaction          19 June 2017 
 
f)              Place of the transaction         London Stock Exchange (XLON) 
 
 
 
1               Details of the person discharging managerial responsibilities/person closely 
                associated 
 
a)              Name                              Kevin J Beatty 
 
2               Reason for the notification 
 
a)              Position/status                  Executive Director 
 
b)              Initial notification/Amendment   Initial notification 
 
3               Details of the issuer, emission allowance market participant, auction platform, 
                auctioneer or auction monitor 
 
a)              Name                             Daily Mail and General Trust plc 
 
b)              LEI                              4OFD47D73QFJ1T1MOF29 
 
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     A Ordinary Non-Voting Shares of 12.5 pence each 
                instrument, type of instrument 
                Identification code              GB0009457366 
 
b)              Nature of the transaction        Grant of award under the Daily Mail and General Trust Long 
                                                 Term Executive Incentive Plan 2017. The Award is 
                                                 structured as a cash award, subject to continued service 
                                                 and performance conditions, the value of which will be 
                                                 delivered in ordinary non-voting shares upon vesting 
                                                 calculated by reference to the share price as at the start 
                                                 of the performance period. 
                                                 Outcomes are linked to stretching targets for cumulative 
                                                 growth in profits over a minimum growth threshold, subject 
                                                 to adjustment for any change in capital usage. 
 
c)              Price(s) and volume(s)           Price Volume(s) 
                                                 (s) 
 
                                                 GBP0    Such number of shares as equal 0.75% of the growth 
                                                       in profit before tax, subject to a minimum growth 
                                                       threshold and after a charge for capital used, 
                                                       over the 3 years to 30 September 2019. 
                                                       Subject to a maximum of 318,655 shares. 
 
d)              Aggregated information            Not applicable, single transaction. 
 
                -  Aggregated volume 
 
                -  Price 
 
e)              Date of the transaction          19 June 2017 
 
f)              Place of the transaction         London Stock Exchange (XLON) 
 
 
 
1               Details of the person discharging managerial responsibilities/person closely 
                associated 
 
a)              Name                              Claire Chapman 
 
2               Reason for the notification 
 
a)              Position/status                  General Counsel & Company Secretary 
 
b)              Initial notification/Amendment   Initial notification 
 
3               Details of the issuer, emission allowance market participant, auction platform, 
                auctioneer or auction monitor 
 
a)              Name                             Daily Mail and General Trust plc 
 
b)              LEI                              4OFD47D73QFJ1T1MOF29 
 
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     A Ordinary Non-Voting Shares of 12.5 pence each 
                instrument, type of instrument 
                Identification code              GB0009457366 
 
b)              Nature of the transaction        Grant of award under the Daily Mail and General Trust Long 
                                                 Term Executive Incentive Plan 2017. The Award is 
                                                 structured as a cash award, subject to continued service 
                                                 and performance conditions, the value of which will be 
                                                 delivered in ordinary non-voting shares upon vesting 
                                                 calculated by reference to the share price as at the start 
                                                 of the performance period. 
                                                 Outcomes are linked to stretching targets for cumulative 
                                                 growth in profits over a minimum growth threshold, subject 
                                                 to adjustment for any change in capital usage. 
 
c)              Price(s) and volume(s)           Price Volume(s) 
                                                 (s) 
 
                                                 GBP0    Such number of shares as equal 0.5% of the growth 
                                                       in profit before tax, subject to a minimum growth 
                                                       threshold and after a charge for capital used, 
                                                       over the 3 years to 30 September 2019. 
                                                       Subject to a maximum of 212,437 shares. 
 
d)              Aggregated information            Not applicable, single transaction. 
 
                -  Aggregated volume 
 
                -  Price 
 
e)              Date of the transaction          19 June 2017 
 
f)              Place of the transaction         London Stock Exchange (XLON) 
 
Name of officer responsible for making notification: 
 
Fran Sallas, Deputy Company Secretary DMGT, 0203 615 2904 
 
 
 
END 
 

(END) Dow Jones Newswires

June 19, 2017 11:18 ET (15:18 GMT)

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