Hyve Group PLC Director/PDMR Shareholding (3240Q)

TIDMHYVE

RNS Number : 3240Q

Hyve Group PLC

26 October 2021

26 October 2021

Hyve Group plc

('Hyve' or 'the Company')

Director/PDMR Shareholding

HYVE GROUP PLC - NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Hyve Group plc announces that, on 26 October 2021, the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") have been granted awards (by way of an acquisition of shares in Hyve Holdings Limited) under the Company's Value Creation Plan (the "VCP" or the "Plan") which was approved by shareholders in a general meeting on 25 October 2021. The awards entitle the PDMRs to acquire ordinary shares of 10pence each in the Company ("Shares") up to the maximum number set out below, subject to the satisfaction of certain performance conditions and continued employment.

In accordance with Hyve's approved Remuneration Policy, the VCP is designed to align the interests of the Company's shareholders and senior management allowing them to share in the incremental shareholder value created over the next 3, 4 and 5 years. Vesting is dependent on performance conditions being satisfied in 2024, 2025 and 2026.

 
 Name of PDMR     Title                      Maximum number of Shares 
                                              under award 
 Mark Shashoua    Chief Executive Officer    6,495,638 
                 -------------------------  ------------------------- 
                  Chief Finance and 
 John Gulliver     Operations Officer        3,526,203 
                 -------------------------  ------------------------- 
 

Set out below are the notifications made in accordance with Article 19 of the UK Market Abuse Regulation.

For further information please contact:

 
 Hyve Group plc 
  Jared Cranney, Company Secretary     [phone] 
 FTI Consulting 
  Charles Palmer/Chris Birt 
  / Jamille Smith / Tom Blundell       [phone] 
 

Notification of Dealing Form:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Mark Shashoua 
     ------------------------  ----------------------------------------- 
 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                      Hyve Group plc 
     ------------------------  ----------------------------------------- 
 b)   LEI                       549300ZOQOW485BCD047 
     ------------------------  ----------------------------------------- 
 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            Ordinary Shares of 10 pence each in the 
       the financial             Company ("Shares") 
       instrument, type 
       of instrument 
      Identification            ISIN: GB00BKP36R26 
       code 
 
 b)   Nature of the             Grant of conditional award over Shares 
       transaction               under the Hyve Group plc Value Creation 
                                 Plan 2021 
     ------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)      Price per share    Volume 
                                   10 pence           6,495,638 
                                                     ---------- 
     ------------------------  ----------------------------------------- 
 d)   Aggregated Information     n/a single transaction 
 
       Volume 
 
       Price 
     ------------------------  ----------------------------------------- 
 e)   Date of transaction       26 October 2021 
     ------------------------  ----------------------------------------- 
 f)   Place of transaction      Outside a trading venue 
     ------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      John Gulliver 
     ------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status           Chief Finance and Operations Officer 
     ------------------------  ----------------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
     ------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                      Hyve Group plc 
     ------------------------  ----------------------------------------- 
 b)   LEI                       549300ZOQOW485BCD047 
     ------------------------  ----------------------------------------- 
 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            Ordinary Shares of 10 pence each in the 
       the financial             Company ("Shares") 
       instrument, type 
       of instrument 
      Identification            ISIN: GB00BKP36R26 
       code 
 
 b)   Nature of the             Grant of conditional award over Shares 
       transaction               under the Hyve Group plc Value Creation 
                                 Plan 2021 
     ------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)      Price per share    Volume 
                                   10 pence           3,526,203 
                                                     ---------- 
     ------------------------  ----------------------------------------- 
 d)   Aggregated Information     n/a single transaction 
 
       Volume 
 
       Price 
     ------------------------  ----------------------------------------- 
 e)   Date of transaction       26 October 2021 
     ------------------------  ----------------------------------------- 
 f)   Place of transaction      Outside a trading venue 
     ------------------------  ----------------------------------------- 
 

About Hyve Group plc

Hyve Group plc is a next-generation global events business whose purpose is to bring together entire sector ecosystems from all corners of the globe. We meet our customer needs to learn, network and trade via both market leading in-person and online events. Hyve Group plc is all about globally consistent best practice and unrivalled quality. Our vision is to create the world's leading portfolio of content-driven, must-attend events delivering an outstanding experience and ROI for our customers. Hyve's market leading portfolio of global brands include: Shoptalk, Spring Fair, MosBuild, Bett, Mining Indaba and recently acquired Retail Meetup, a ground-breaking digital platform enabling online networking and trade to take place at scale.

Where business is personal, where meetings move markets and where today's leaders inspire tomorrow's.

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October 26, 2021 09:54 ET (13:54 GMT)