Euromoney Institutional InvestorPLC Director/PDMR Shareholding (6097I)

TIDMERM

RNS Number : 6097I

Euromoney Institutional InvestorPLC

14 December 2020

EUROMONEY INSTITUTIONAL INVESTOR PLC

GRANT OF SHARE OPTIONS

14 December 2020

Euromoney Institutional Investor PLC (the "Company") announces that on 10 December 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 (2020 PSP Award) as follows:

 
 Name          Position                   Maximum number of Shares 
                                           under Award ("Award Shares") 
 A Rashbass    Chief Executive Officer    121,939 
 W Pallot      Chief Financial Officer    52,200 
 

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 2020 and ending on 30 September 2023. 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 10 December 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. 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 121,939 shares 
        transaction 
      ----------------------------  -------------------------------------- 
 c)    Price(s), volume(s)            Price(s)    Volume(s) 
                                       Nil         121, 939 
                                                  ---------- 
      ----------------------------  -------------------------------------- 
       Aggregated information 
 d)      *    Aggregated volume        121,939 
      ----------------------------  -------------------------------------- 
                                     Nil 
    *    Price 
 ---------------------------------  -------------------------------------- 
 e)    Date of the transaction       10 December 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 52,200 shares 
        transaction 
      ----------------------------  -------------------------------------- 
 c)    Price(s), volume(s)            Price(s)    Volume(s) 
                                       Nil         52,200 
                                                  ---------- 
      ----------------------------  -------------------------------------- 
       Aggregated information 
 d)      *    Aggregated volume      52,200 
      ----------------------------  -------------------------------------- 
                                     Nil 
    *    Price 
 ---------------------------------  -------------------------------------- 
 e)    Date of the transaction       10 December 2020 
      ----------------------------  -------------------------------------- 
 f)    Place of the                  Outside a trading venue 
        transaction 
      ----------------------------  -------------------------------------- 
 

Ends

For further information, please contact:

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

About Euromoney Institutional Investor PLC

Euromoney is a global information business providing essential B2B information in 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 

www.euromoneyplc.com

LEI number: 213800PZU2RGHMHE2S67

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December 14, 2020 12:30 ET (17:30 GMT)