Electra Private Equity PLC Director/PDMR Shareholding (1761L)

TIDMELTA

RNS Number : 1761L

Electra Private Equity PLC

17 July 2017

Electra Private Equity PLC

Legal Entity Identifier: 213800MPTI1NH8POK154

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 14 July 2017 the following awards over ordinary shares of 25 pence in Electra Private Equity PLC were granted under the Electra Private Equity PLC 2017 Long Term Incentive Plan to the following person discharging managerial responsibilities:

 
 PDMR            No. of shares under Award 
--------------  -------------------------- 
 Gavin Manson    35,671 
--------------  -------------------------- 
 

The awards will ordinarily become exercisable on the third anniversary of grant subject to the grantee's continued service and to the extent to which the total shareholders return performance condition set for the award is satisfied.

Details of the full notification received by the Company are set out below.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                             Gavin Manson 
---  -------------------------------  ------------------------------------ 
 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                             Electra Private Equity PLC 
---  -------------------------------  ------------------------------------ 
 b)   LEI                              213800MPTI1NH8POK154 
---  -------------------------------  ------------------------------------ 
 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                   Ordinary Shares of 25 pence 
       the financial instrument,        each in Electra Private Equity 
       type of instrument               PLC 
       Identification                   GB0003085445 
       code 
---  -------------------------------  ------------------------------------ 
 b)   Nature of the transaction        Grant of a nil cost option 
                                        award under the Electra Private 
                                        Equity PLC 2017 Long Term 
                                        Incentive Plan. The award 
                                        will ordinarily become exercisable 
                                        three years from the date 
                                        of grant, subject to continued 
                                        service and to the extent 
                                        to which the total shareholder 
                                        return performance condition 
                                        is met, and may be exercised 
                                        for a period of ten years 
                                        from the date of grant. 
---  -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                        ----------  ---------- 
                                         Nil         35,671 
                                        ----------  ---------- 
---  -------------------------------  ------------------------------------ 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
---  -------------------------------  ------------------------------------ 
 e)   Date of the transaction          14 July 2017 
---  -------------------------------  ------------------------------------ 
 

Enquiries:

For further information:

 
 On behalf of Electra        020 7404 5959 
  Private Equity PLC:         [e-mail] 
  Brunswick Group LLP Gill 
  Ackers/Rowan Brown 
 Gavin Manson                020 3874 8300 
  Chief Financial Officer     [e-mail] 
  Electra Private Equity 
  PLC 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 17, 2017 02:00 ET (06:00 GMT)