We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Driver Group Plc | LSE:DRV | London | Ordinary Share | GB00B0L9C092 | ORD 0.4P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 24.00 | 23.00 | 25.00 | 24.00 | 24.00 | 24.00 | 0.00 | 07:31:47 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Heavy Construction, Nec | 42.63M | -336k | -0.0064 | -37.50 | 12.61M |
TIDMDRV
RNS Number : 1071N
Driver Group plc
28 January 2021
DRIVER GROUP PLC
("Driver" or "the Group")
Grant of share options under new Long Term Incentive Plan
Driver Group PLC (AIM: DRV), the global professional services consultancy to construction and engineering industries, has, pursuant to the rules of its newly introduced Long Term Incentive Plan ("new LTIP"), granted options to certain of its Directors and PDMRs to subscribe for up to 2,801,000 ordinary shares of 0.4p each in the capital of the Company (the "Options") as follows:
Director / PDMR Number of Total Number % of issued share new Options of Options capital represented granted now held by Options now held Mark Wheeler, Group CEO 1,500,000 1,953,336 3.6% David Kilgour, Group CFO 500,000 613,336 1.1% Tom Comerford, UK MD 267,000 317,000 0.6% Peter Banathy, Regional Director 267,000 267,000 0.5% Hugo-Frans Bol, MD Europe 267,000 267,000 0.5%
It is anticipated that further Options to subscribe for up to 2,600,000 ordinary shares will be granted to other senior Group employees during the next few weeks. The Options granted and to be granted under the new LTIP have certain performance conditions attaching to them, linked to PBET, and vesting will occur in equal annual tranches, contingent upon the achievement of the relevant conditions during each of the three financial years ending from 30 September 2021 to 30 September 2023. The core performance measures which underpin the vesting of awards under the new LTIP are the delivery of cumulative Group PBET over the three year performance measurement cycle of at least GBP14.0 million and of Group PBET in the financial year ending 30 September 2023 of at least GBP6.0 million.
The Options for Mark Wheeler and David Kilgour will vest in three equal annual tranches upon the achievement of Group PBET targets over the three year period to 30 September 2023. The Options for the PDMRs and other qualifying employees will also vest in three equal annual tranches and are split as follows: 1/3 on continued employment over the period, 1/3 on achievement of regional PBET targets and 1/3 on achievement of Group PBET targets. To the extent that the performance conditions are met and Options vest, those Options will then be exercisable at nil cost after the end of the three year performance measurement cycle. To the extent appropriate and permissible and subject to the availability of cash resources surplus to the Group's operational requirements, the Directors will seek to use the Company's annual share buy-back authority to make market purchases of Ordinary Shares in order to minimise the dilutive impact of the vesting of Options under the new LTIP.
Enquiries: Driver Group plc 020 7377 0005 Mark Wheeler (CEO) David Kilgour (CFO) N+1 Singer (Nomad & Broker) 020 7496 3000 Sandy Fraser Jen Boorer Acuitas Communications 020 3687 0868 Simon Nayyar simon.nayyar@acuitascomms.com Catriona Foyle catriona.foyle@acuitascomms.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Mark Wheeler -------------------------------- ---------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------- a) Position/status Group 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 Driver Group PLC -------------------------------- ---------------------------------------- b) LEI 213800FN83KF8AF4Y572 -------------------------------- ---------------------------------------- 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 Ordinary Shares of 0.4 pence each financial instrument, type of instrument Identification code GB00B0L9C092 b) Nature of the transaction Grant of options -------------------------------- ---------------------------------------- c) Price(s) and volume(s) ------------------------ ----------- Price(s) Volume(s) ------------------------ ----------- Exercise price of Nil per Option 1,500,000 -------------------------------------------------------------- ----------- d) Aggregated information N/A - Aggregated volume - Price e) Date of the transaction 25th January 2021 -------------------------------- ---------------------------------------- f) Place of the transaction London Stock Exchange -------------------------------- ----------------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely associated a) Name David Kilgour -------------------------------- ---------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------- a) Position/status Group Chief Financial Officer -------------------------------- ---------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------------- ---------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor -------------------------------------------------------------------------- a) Name Driver Group PLC -------------------------------- ---------------------------------------- b) LEI 213800FN83KF8AF4Y572 -------------------------------- ---------------------------------------- 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 Ordinary Shares of 0.4 pence each financial instrument, type of instrument Identification code GB00B0L9C092 b) Nature of the transaction Grant of options -------------------------------- ---------------------------------------- c) Price(s) and volume(s) ------------------------ ----------- Price(s) Volume(s) ------------------------ ----------- Exercise price of Nil per Option 500,000 -------------------------------------------------------------- ----------- d) Aggregated information N/A - Aggregated volume - Price e) Date of the transaction 25th January 2021 -------------------------------- ---------------------------------------- f) Place of the transaction London Stock Exchange -------------------------------- ----------------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Tom Comerford -------------------------------- ---------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------- a) Position/status UK Managing Director -------------------------------- ---------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------------- ---------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------------------------------------------------------------------------
a) Name Driver Group PLC -------------------------------- ---------------------------------------- b) LEI 213800FN83KF8AF4Y572 -------------------------------- ---------------------------------------- 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 Ordinary Shares of 0.4 pence each financial instrument, type of instrument Identification code GB00B0L9C092 b) Nature of the transaction Grant of options -------------------------------- ---------------------------------------- c) Price(s) and volume(s) ------------------------ ----------- Price(s) Volume(s) ------------------------ ----------- Exercise price of Nil per Option 267,000 -------------------------------------------------------------- ----------- d) Aggregated information N/A - Aggregated volume - Price e) Date of the transaction 25th January 2021 -------------------------------- ---------------------------------------- f) Place of the transaction London Stock Exchange -------------------------------- ----------------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Peter Banathy -------------------------------- ---------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------- a) Position/status Regional Director -------------------------------- ---------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------------- ---------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor -------------------------------------------------------------------------- a) Name Driver Group PLC -------------------------------- ---------------------------------------- b) LEI 213800FN83KF8AF4Y572 -------------------------------- ---------------------------------------- 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 Ordinary Shares of 0.4 pence each financial instrument, type of instrument Identification code GB00B0L9C092 b) Nature of the transaction Grant of options -------------------------------- ---------------------------------------- c) Price(s) and volume(s) ------------------------ ----------- Price(s) Volume(s) ------------------------ ----------- Exercise price of Nil per Option 267,000 -------------------------------------------------------------- ----------- d) Aggregated information N/A - Aggregated volume - Price e) Date of the transaction 25th January 2021 -------------------------------- ---------------------------------------- f) Place of the transaction London Stock Exchange -------------------------------- ----------------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Hugo Frans Bol -------------------------------- ----------------------------------------- 2 Reason for the notification --------------------------------------------------------------------------- a) Position/status Managing Director, Mainland Europe -------------------------------- ----------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------------- ----------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------------------------------------------------------------------------- a) Name Driver Group PLC -------------------------------- ----------------------------------------- b) LEI 213800FN83KF8AF4Y572 -------------------------------- ----------------------------------------- 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 Ordinary Shares of 0.4 pence each financial instrument, type of instrument Identification code GB00B0L9C092 b) Nature of the transaction Grant of options -------------------------------- ----------------------------------------- c) Price(s) and volume(s) ------------------------- ----------- Price(s) Volume(s) ------------------------- ----------- Exercise price of Nil per Option 267,000 --------------------------------------------------------------- ----------- d) Aggregated information N/A - Aggregated volume - Price e) Date of the transaction 25th January 2021 -------------------------------- ----------------------------------------- f) Place of the transaction London Stock Exchange -------------------------------- -----------------------------------------
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHSEUFIWEFSEDF
(END) Dow Jones Newswires
January 28, 2021 02:00 ET (07:00 GMT)
1 Year Driver Chart |
1 Month Driver Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions