Helical PLC Director/PDMR Shareholding (0207W)

TIDMHLCL

RNS Number : 0207W

Helical PLC

27 July 2018

27 July 2018

HELICAL PLC

("Helical"/ "the Company")

notification of interests of direCtoRs and connected persons

The company was informed on 26 July that the following transactions had taken place:

1. Deferred Shares - 2015

On 26 July 2018 shares awarded under the terms of the Company's Annual Bonus Scheme 2012 were made available to directors of the Company. These shares were originally awarded to directors on 8 June 2015 as part of the annual bonuses for the year to 31 March 2015 and, having been deferred for three years, are available to be transferred to award holders, net of associated tax liabilities.

Shares originally awarded to directors, accrued dividend shares and the net shares retained after payment of associated tax liabilities are as follows:

 
                          Shares Awarded   Dividend Shares   Shares Retained 
 Gerald Kaye                      96,619             8,660            55,797 
 Matthew Bonning-Snook            89,285             8,002            51,562 
 

2. Deferred Shares - 2018

On 26 July 2018, deferred share awards over ordinary shares in Helical plc were made to certain directors at 334.0p per share, under the terms of the Helical Annual Bonus Scheme 2016, as follows:

 
                          Number of Shares 
 Gerald Kaye                       115,643 
 Matthew Bonning-Snook              89,955 
 

No consideration was paid for the grant of the deferred share awards which have been structured as nil cost options. These deferred shares will be held by the Company and will vest after 26 July 2021.

3. Performance Share Plan - 2014

On 26 July 2018 shares awarded under the terms of the Helical plc Performance Share Plan 2014 were made available to directors and employees of the Company. These shares were originally awarded on 8 June 2015 and, having met their performance criteria such that 45.65% qualified for vesting, are available to be transferred to award holders, net of associated tax liabilities.

Shares originally awarded to Directors and PDMRs and the net shares retained after the payment of associated tax liabilities were as follows:

 
                          Shares Awarded   Shares Vesting   Shares Retained 
 Director 
 Michael Slade(1)                375,214           75,083            41,295 
 Gerald Kaye                     289,857          132,319            70,129 
 Tim Murphy                      200,357           91,462            48,474 
 Matthew Bonning-Snook           267,857          122,276            64,806 
 
 PDMR 
 Tom Anderson                     66,666           30,433            16,129 
 James Moss                       32,142           14,672             7,776 
 

(1) The shares originally awarded to Michael Slade were pro-rated for the period he was an Executive Director.

4. Director's Transaction

On 25 July 2018, Michael Slade sold 42,054 shares in Helical plc at 334p per share.

5. Share Incentive Plan - Award of Dividend Shares

On 26 July 2018, under the rules of the Helical plc Share Incentive Plan, Helical Bar Trustees Limited awarded 7,910 ordinary shares to the Company's Executive Directors, PDMRs and employees at the closing mid-market price on 25 July 2018 of 334.00p.

Shares awarded to the Executive Directors and PDMRs were as follows:

 
                          Number of Shares 
 Executive Director 
 Gerald Kaye                         1,087 
 Tim Murphy                            637 
 Matthew Bonning-Snook               1,078 
 
 PDMR 
 Tom Anderson                          568 
 James Moss                            208 
 

6. Director's Interests in Shares

 
                              Shares Legally   Deferred   Share Incentive   Outstanding 
                                        Held     Shares              Plan    PSP Awards 
 Michael Slade(1)         12,163,444 (10.2%)          -                 -             - 
 Gerald Kaye                1,700,252 (1.4%)    377,049            52,946     1,102,999 
 Tim Murphy                   684,594 (0.6%)     42,434            31,046       689,622 
 Matthew Bonning-Snook        964,890 (0.8%)    315,044            52,496       921,884 
 

7. Additional Listing

Application has been made to the Financial Conduct Authority for admission to the Official List, and to the London Stock Exchange plc for admission to trading, for a total of 752,608 ordinary shares of 1p each. It is expected that the hearing will take place on 31 July 2018 and that trading will commence on 1 August 2018.

The shares are being issued in connection with the vesting of awards granted under the Company's Annual Bonus Plan 2012 as detailed under Point 1 above and the Company's Performance Share Plan 2014, as detailed under Point 3 above.

Following admission, the number of ordinary shares in issue will be 119,363,349, each carrying one voting right. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Helical plc under the FCS's Disclosure and Transparency Rules.

This notification is made in accordance with the requirements of the EU Market Abuse Regulations. The Identification Code for the ordinary shares of 1p each in the Company is GB00B0FYMT95. The awards took place outside a trading venue.

For further information please contact:

 
 Helical plc 
 Tim Murphy (Finance Director)      Tel: [phone] 
                                    Address: 5 Hanover Square, 
                                     London W1S 1HQ 
                                    Website: www.helical.co.uk 
 
 FTI Consulting 
 Dido Laurimore/Tom Gough/Richard   Tel: [phone] 
  Gotla 
 

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July 27, 2018 06:01 ET (10:01 GMT)