Euromoney Institutional InvestorPLC Director/PDMR Shareholding (4357Q)

TIDMERM

RNS Number : 4357Q

Euromoney Institutional InvestorPLC

19 June 2020

EUROMONEY INSTITUTIONAL INVESTOR PLC

GRANT OF SHARE OPTIONS

19 June 2020

Euromoney Institutional Investor PLC (the "Company") announces that on 16 June 2020 share awards (the "Awards") in the form of conditional share awards or nil-cost options over Ordinary shares in the Company ("Shares") were made to the following persons discharging managerial responsibilities ("PDMRs") in the Company, under the 2015 Performance Share Plan ("2015 PSP") as follows:

 
 Name          Position    Maximum number of Shares 
                            under Award ("Award Shares") 
 A Rashbass    CEO                               156,480 
 W Pallot      CFO                                66,987 
 

The number of Award Shares set out above is the maximum number which may vest under the Awards. The actual number of Award Shares which vest will depend on the extent to which a performance measure relating to relative Total Shareholder Return has been satisfied over a three-year period from 1 October 2019 and ending on 30 September 2022. The specific performance targets are set out below:

 
 Performance Measure    Weighting   Performance Target   Vesting level 
 Relative TSR 
  vs FTSE 250             100%      Upper Quartile           100% 
                       ----------  -------------------  -------------- 
                                    Median                    25% 
                       ----------  -------------------  -------------- 
 

A two-year holding period will apply in addition to the performance period with vesting occurring on 16 June 2025.

The share price used to determine the number of shares awarded was the average of the middle market quotations of an Ordinary Share as derived from the Daily Official List for the five dealing days preceding the date of grant.

The Remuneration Committee has carefully considered the quantum of these awards in light of current market conditions. While the share price is lower than at the time of the grant of previous PSP awards, this is primarily due to external market factors rather than factors specific to the Company. The Committee will closely monitor the performance measure and will exercise its discretion as appropriate to ensure that the final outcomes are warranted based on Company performance in order to avoid windfall gains.

The information set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 
 1.   Details of the person discharging managerial responsibilities/ 
       person closely associated 
 a)   Name                         Andrew Rashbass 
     ---------------------------  -------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              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                         Euromoney Institutional Investor PLC 
     ---------------------------  -------------------------------------- 
 b)   LEI                          213800PZU2RGHMHE2S67 
     ---------------------------  -------------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; (iv) each place where transactions have 
       been conducted 
     ------------------------------------------------------------------- 
 a)   Description of               Ordinary shares of 0.25 pence each 
       the financial 
       instrument, type 
       of instrument 
     ---------------------------  -------------------------------------- 
      Identification               GB0006886666 
       code 
     ---------------------------  -------------------------------------- 
 b)   Nature of the                Grant of options over 156,480 shares 
       transaction 
     ---------------------------  -------------------------------------- 
 c)   Price(s), volume(s)           Price(s)    Volume(s) 
                                     Nil         156,480 
                                                ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
        *    Aggregated volume       156,480 shares 
     ---------------------------  -------------------------------------- 
                                   Nil 
        *    Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      16 June 2020 
     ---------------------------  -------------------------------------- 
 f)   Place of the                 Outside a trading venue 
       transaction 
     ---------------------------  -------------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities/ 
        person closely associated 
 a)    Name                          Wendy Pallot 
      ----------------------------  -------------------------------------- 
 2.    Reason for the notification 
      -------------------------------------------------------------------- 
 a)    Position/status               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                          Euromoney Institutional Investor PLC 
      ----------------------------  -------------------------------------- 
 b)    LEI                           213800PZU2RGHMHE2S67 
      ----------------------------  -------------------------------------- 
 4.    Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; (iv) each place where transactions have 
        been conducted 
      -------------------------------------------------------------------- 
 a)    Description of                Ordinary shares of 0.25 pence each 
        the financial 
        instrument, type 
        of instrument 
      ----------------------------  -------------------------------------- 
       Identification                GB0006886666 
        code 
      ----------------------------  -------------------------------------- 
 b)    Nature of the                  Grant of options over 66,987 shares 
        transaction 
      ----------------------------  -------------------------------------- 
 c)    Price(s), volume(s)            Price(s)    Volume(s) 
                                       Nil         66,987 
                                                  ---------- 
      ----------------------------  -------------------------------------- 
       Aggregated information 
 d)      *    Aggregated volume      66,987 
      ----------------------------  -------------------------------------- 
                                     Nil 
    *    Price 
 ---------------------------------  -------------------------------------- 
 e)    Date of the transaction       16 June 2020 
      ----------------------------  -------------------------------------- 
 f)    Place of the                  Outside a trading venue 
        transaction 
      ----------------------------  -------------------------------------- 
 

Ends

Any queries in relation to this announcement should be made to:

-- Tim Bratton, General Counsel & Company Secretary: [phone]; [e-mail]

About Euromoney Institutional Investor PLC

Euromoney is a global information business providing essential B2B information to global and specialist markets. Euromoney provides price discovery, market intelligence and events across our segments. Euromoney is listed on the London Stock Exchange and is a member of the FTSE 250 share index.

www.euromoneyplc.com

LEI number: 213800PZU2RGHMHE2S67

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 [e-mail] or visit www.rns.com.

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June 19, 2020 02:00 ET (06:00 GMT)