FDM Group (Holdings) plc Director/PDMR Shareholding (2942W)

TIDMFDM

RNS Number : 2942W

FDM Group (Holdings) plc

22 April 2021

22 April 2021

FDM Group (Holdings) plc

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

PSP Award - 21 April 2021

On 21 April 2021 FDM Group (Holdings) plc ("FDM") granted awards over ordinary shares in the Company under the FDM 2014 Performance Share Plan (the "PSP"), as noted below.

The vesting of the awards is subject to the achievement of a performance condition based upon FDM's earnings per share assessed over a three-year performance period commencing with FDM's 2021 financial year as follows

 
 Adjusted EPS in the final financial    Vesting percentage 
  year of the performance period 
 35.7 pence                             25% 
                                       ------------------------------ 
 Greater than 35.7 pence but            Determined on a straight line 
  less than 38.3 pence                   basis between 25% and 100% 
                                       ------------------------------ 
 38.3 pence or more than 38.3 
  pence                                 100% 
                                       ------------------------------ 
 

The extent to which the awards vest will be subject to the Remuneration Committee's assessment of the overall financial performance of the Company over the performance period.

Ordinarily, the awards will vest (subject to the achievement of the performance condition) following the announcement of FDM's results for its 2023 financial year.

The awards will not be released, so that shares can be acquired, until the end of a holding period of two years beginning on the vesting date.

Each award has been granted in the form of an option with an exercise price per share of GBP0.01.

 
 Name                Number of shares subject to 
                      award 
 Executive Directors 
 Roderick Flavell              30,000 
                    ---------------------------- 
 Sheila Flavell                30,000 
                    ---------------------------- 
 Andrew Brown                  30,000 
                    ---------------------------- 
 Michael McLaren               30,000 
                    ---------------------------- 
 Other Senior Managers 
 Jonathan Young                30,000 
                    ---------------------------- 
 

The notification below provides further information about these transactions.

 
 1      Details of the person discharging managerial responsibilities / person closely associated 
 (a)    Name                         (i) Roderick Flavell 
                                      (ii) Sheila Flavell 
                                      (iii) Andrew Brown 
                                      (iv) Michael McLaren 
                                      (v) Jonathan Young 
       ---------------------------  ---------------------------------------------------------------------------------- 
 2      Reason for the notification 
       --------------------------------------------------------------------------------------------------------------- 
 (a)    Position/Status              (i) Chief Executive Officer 
                                      (ii) Chief Operating Officer 
                                      (iii) Chief Commercial Officer 
                                      (iv) Chief Financial Officer 
                                      (v) Chief Information Officer 
       ---------------------------  ---------------------------------------------------------------------------------- 
 (b)    Initial notification /       Initial notification 
        Amendment 
       ---------------------------  ---------------------------------------------------------------------------------- 
 3      Details of the issuer, emission allowance market participant, auction platform, auctioneer 
         or auction monitor 
       --------------------------------------------------------------------------------------------------------------- 
 (a)    Name                         FDM Group (Holdings) plc 
       ---------------------------  ---------------------------------------------------------------------------------- 
 (b)    LEI                          213800YR62D7GUZLMZ71 
       ---------------------------  ---------------------------------------------------------------------------------- 
 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 GBP0.01 
        financial instrument, type 
        of instrument 
                                      ISIN: GB00BLWDVP51 
        Identification Code 
       ---------------------------  ---------------------------------------------------------------------------------- 
 (b)    Nature of the transaction    Grant of awards over Ordinary Shares 
       ---------------------------  ---------------------------------------------------------------------------------- 
 (c)    Price(s) and volume(s)          Name              Price    Number of Ordinary Shares over which awards granted 
                                        Rod Flavell          Nil                                                30,000 
                                                         -------  ---------------------------------------------------- 
                                        Sheila Flavell       Nil                                                30,000 
                                                         -------  ---------------------------------------------------- 
                                        Andy Brown           Nil                                                30,000 
                                                         -------  ---------------------------------------------------- 
                                        Mike McLaren         Nil                                                30,000 
                                                         -------  ---------------------------------------------------- 
                                                                                                              Jonathan 
                                         Young               Nil                                                30,000 
                                                         -------  ---------------------------------------------------- 
       ---------------------------  ---------------------------------------------------------------------------------- 
 (d)    Aggregated Information 
         - Aggregated Volume           N/A 
 
         - Price                       N/A 
       ---------------------------  ---------------------------------------------------------------------------------- 
 (e)    Date of the Transaction      21 April 2021 
       ---------------------------  ---------------------------------------------------------------------------------- 
 (f)    Place of the Transaction     Outside a trading venue 
       ---------------------------  ---------------------------------------------------------------------------------- 
 Name of authorised official of      Mark Heather, Company Secretary, FDM Group (Holdings) plc 
 issuer responsible for making 
 notification: 
                                    ---------------------------------------------------------------------------------- 
 

Enquiries:

   Mike McLaren - Chief Financial Officer   0203 056 8240 
   Mark Heather - Company Secretary        0203 056 8240 

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April 22, 2021 04:32 ET (08:32 GMT)