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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Harvey Nash Grp | LSE:HVN | London | Ordinary Share | GB0006573546 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 128.50 | 125.50 | 131.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMHVN
RNS Number : 3106S
Harvey Nash Group PLC
29 September 2017
29 September 2017
Harvey Nash Group plc ("the Company")
Grant of Awards under the Harvey Nash Group plc Performance Share Plan.
On 29 September 2017, the Remuneration Committee of the Board of Harvey Nash Group plc granted awards under the Harvey Nash Group plc Performance Share Plan to the following PDMR of the Company in the form of options with nominal value option price over ordinary shares of 5p each:
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Name Number of shares subject to award
--------------- ----------------------------------
Albert Ellis 441,656
--------------- ----------------------------------
Simon Wassall 296,540
--------------- ----------------------------------
Mark Garratt 189,291
--------------- ----------------------------------
These awards were calculated on the basis of 100% of current base salary (pro-rated in the case of Mark Garratt by reference to his joining date with the Company of 03 April 2017), using the share price at the close of business on 28 September 2017 of 88.00p.
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 earnings per share (EPS) and relative total shareholder return (TSR) performance conditions are satisfied.
The EPS element of the performance condition relates to one half of each award and requires the Company's compounded annual growth in Adjusted Earnings Per Share over the three financial years to 31 January 2020 (the Performance Period) to be at least 7.5% to vest in full, with 20% of this part of an award vesting if such growth is at least 15%. Vesting between these levels will be on a straight-line basis.
The TSR element of the performance condition relates to one half of each award and requires the Company's TSR performance over the Performance Period to rank at least equal to upper quartile performance amongst the TSR performance of a comparator group to vest in full, with 20% of this part of an award vesting if such performance ranks at least equal to median. Vesting between these levels will be on a straight-line basis. The comparator group comprises the constituents of FTSE AIM Industrial Goods & Services Index on the first day of the Performance Period.
Shares acquired under an award (net of tax) must then be held for a minimum period of two years commencing on the vesting date.
The notification below, made in accordance with the requirements of DTR 3.1 and Article 19 of The Market Abuse provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- -------------------------------------------------------------------------------
a) Name Albert Ellis
--- ------------------------------- ----------------------------------------------
2 Reason for Notification
--- -------------------------------------------------------------------------------
a) Position/status Chief Executive
--- ------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -------------------------------------------------------------------------------
a) Name Harvey Nash Group plc
--- ------------------------------- ----------------------------------------------
b) LEI 2138004ULQUX3DQSCV07
--- ------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 5 pence each in
instrument, type of Harvey Nash Group plc
instrument GB0006573546
Identification code
--- ------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of a nominal cost option award
under the Harvey Nash Group plc Performance
Share 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 earnings per share and total shareholder
return performance conditions are met.
--- ------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 441,656
--- ------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- ----------------------------------------------
e) Date of the transaction 29 September 2017
--- ------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- -------------------------------------------------------------------------------
a) Name Simon Wassall
--- ------------------------------- ----------------------------------------------
2 Reason for Notification
--- -------------------------------------------------------------------------------
a) Position/status European Managing Director
--- ------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -------------------------------------------------------------------------------
a) Name Harvey Nash Group plc
--- ------------------------------- ----------------------------------------------
b) LEI 2138004ULQUX3DQSCV07
--- ------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 5 pence each in
instrument, type of Harvey Nash Group plc
instrument GB0006573546
Identification code
--- ------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of a nominal cost option award
under the Harvey Nash Group plc Performance
Share 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 earnings per share and total shareholder
return performance conditions are met.
--- ------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 296,540
--- ------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- ----------------------------------------------
e) Date of the transaction 29 September 2017
--- ------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- -------------------------------------------------------------------------------
a) Name Mark Garratt
--- ------------------------------- ----------------------------------------------
2 Reason for Notification
--- -------------------------------------------------------------------------------
a) Position/status Group Finance Director
--- ------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -------------------------------------------------------------------------------
a) Name Harvey Nash Group plc
--- ------------------------------- ----------------------------------------------
b) LEI 2138004ULQUX3DQSCV07
--- ------------------------------- ----------------------------------------------
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 financial Ordinary Shares of 5 pence each in
instrument, type of Harvey Nash Group plc
instrument GB0006573546
Identification code
--- ------------------------------- ----------------------------------------------
b) Nature of the transaction Grant of a nominal cost option award
under the Harvey Nash Group plc Performance
Share 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 earnings per share and total shareholder
return performance conditions are met.
--- ------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 189,291
--- ------------------------------- ----------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
--- ------------------------------- ----------------------------------------------
e) Date of the transaction 29 September 2017
--- ------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- ----------------------------------------------
Enquiries:
Mark Garratt, Company Secretary
020 7333 1820
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHUKOVRBUAKUAR
(END) Dow Jones Newswires
September 29, 2017 11:33 ET (15:33 GMT)
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