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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hastings Group Holdings Plc | LSE:HSTG | London | Ordinary Share | GB00BYRJH519 | ORD GBP0.02 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 249.60 | 249.60 | 249.80 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHSTG
RNS Number : 0250N
Hastings Group Holdings plc
19 September 2019
Director/PDMR Shareholding
FOR IMMEDIATE RELEASE
19 September 2019
Hastings Group Holdings plc
Notification of Transactions by Directors/Persons Discharging Managerial Responsibility ('PDMRs')
Conditional awards over ordinary shares of GBP0.02 pence in Hastings Group Holdings plc (the "Company") were granted to the following PDMR under the Hastings 2015 Long-Term Incentive Plan (the "Award(s)") as follows:
Name/Award Position/Date of Grant Number of shares subject to Award John Worth CFO First Award 16 September 2019 510,368 Second Award 18 September 2019 403,772
No consideration was paid for the grant of the Awards.
The number of shares subject to the Awards was determined by using the average mid-market closing price of the Company's ordinary shares over the five consecutive dealing days beginning with the dealing day on which the Company made a preliminary announcement of its half year results for the period ended 30 June 2019, which was GBP1.8614 pence per share.
First Award
The vesting of the Award is subject to the PDMR's continued employment with the Company and performance conditions measuring the Company's EPS and TSR over a performance period of three financial years, commencing 1 January 2019. The Award is subject to a holding period of two years upon vesting.
Second Award
The Award will vest, subject to the PDMR's continued employment with the Company, in four tranches as follows: 100,943 Shares on 30 March 2020; 100,943 Shares on 30 March 2021; 100,943 Shares on 30 March 2022; and 100,943 Shares on 30 March 2023.
There are no performance conditions attaching to the Award and no holding period applies upon vesting.
The Award was approved by the Company's Remuneration Committee, in accordance with the requirements of LR 9.4.2R(2) of the FCA's Listing Rules, in order to facilitate the PDMR's recruitment as Chief Financial Officer of the Company to reflect the value of awards forfeited by him as a result of his resignation from his former employer.
The above information is disclosed pursuant to article 19 of the Market Abuse Regulation.
Tony Leppard
Group Company Secretary
cosec@hastingsplc.com
Instinctif Partners
Tim Linacre / Lewis Hill
T: +44 (0) 207 457 2020
hastings@instinctif.com
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 rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
September 19, 2019 11:56 ET (15:56 GMT)
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