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ITE Ite Group Plc

82.50
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ite Group Plc LSE:ITE London Ordinary Share GB0002520509 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 82.50 82.30 82.60 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Hyve Group PLC Director/PDMR Shareholding (2014B)

28/01/2020 3:37pm

UK Regulatory


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TIDMHYVE

RNS Number : 2014B

Hyve Group PLC

28 January 2020

28 January 2020

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 23 January 2020 the following Directors and Persons Discharging Managerial Responsibility have been awarded Nominal Options over ordinary shares of 1 pence each of the Company under the Rules of the Hyve Group plc Employees' Performance Share Plan 2014 (as amended in 2019) ('PSP') as shown below.

 
 Name             Title                      Number of shares under 
                                              PSP Awards 
 Andrew Beach     Chief Financial Officer    220,149 
                 -------------------------  ----------------------- 
 John Gulliver    Chief Operating Officer    192,164 
                 -------------------------  ----------------------- 
 Corina Holmes    Chief People Officer       167,910 
                 -------------------------  ----------------------- 
 Helen Milburn    General Counsel            132,929 
                 -------------------------  ----------------------- 
 Mark Shashoua    Chief Executive Officer    458,955 
                 -------------------------  ----------------------- 
 

Subject to the terms of the PSP, the awards will vest and become exercisable from the third anniversary of the grant of the awards subject to continued service and to the extent to which the relevant performance conditions are satisfied over the three financial years ending 30 September 2022.

Performance conditions

Similar to the awards made in prior years, the performance conditions applied to these awards are a combination of financial and TSR performance targets as follows:

Earnings per share (40% weighting)

 
 2022 Headline diluted   % of EPS part 
  EPS                     vesting 
 Less than 6.0p          0% 
                        ---------------- 
 6.0p                    30% (CEO - 20%) 
                        ---------------- 
 6.9p                    100% 
                        ---------------- 
 

Vesting will be on a straight-line basis between 6.0p and 6.9p.

Relative Total Shareholder Return (40% weighting)

 
 Hyve TSR relative       % of EPS part 
  to comparator group     vesting 
 Below median            0% 
                        ---------------- 
 Median                  30% (CEO - 20%) 
                        ---------------- 
 Upper quartile          100% 
                        ---------------- 
 

Vesting will be on a straight-line basis between the median and upper quartile.

Return on Capital Employed (20% weighting)

 
 2022 ROCE       % of EPS part 
                  vesting 
 Less than 10%   0% 
                ---------------- 
 10%             30% (CEO - 20%) 
                ---------------- 
 12%             100% 
                ---------------- 
 

Vesting will be on a straight-line basis between 10% and 12%.

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

For further information please contact:

 
 Hyve Group plc 
  Jared Cranney, Company Secretary     +44 (0)20 7596 5000 
 FTI Consulting 
  Charles Palmer/Chris Birt            +44 (0)20 3727 1000 
 

Notification of Dealing Form:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                     Andrew Beach 
     -----------------------  --------------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status          Chief Financial 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 1 pence each 
       the financial 
       instrument, type 
       of instrument 
 
       Identification           ISIN: GB0002520509 
       code 
 
 b)   Nature of the            Grant of 1p cost options under the Company's 
       transaction              Employees' Performance Share Plan 
     -----------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)     Price per share   Volume 
                                  1p                220,149 
                                                   -------- 
     -----------------------  --------------------------------------------- 
 d)   Aggregated Information    n/a single transaction 
 
       Volume 
 
       Price 
     -----------------------  --------------------------------------------- 
 e)   Date of transaction      23 January 2020 
     -----------------------  --------------------------------------------- 
 f)   Place of transaction     Outside a trading venue 
     -----------------------  --------------------------------------------- 
 

Notification of Dealing Form:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                     John Gulliver 
     -----------------------  --------------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status          Chief Operating 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 1 pence each 
       the financial 
       instrument, type 
       of instrument 
      Identification           ISIN: GB0002520509 
       code 
 
 b)   Nature of the            Grant of 1p cost options under the Company's 
       transaction              Employees' Performance Share Plan 
     -----------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)     Price per share   Volume 
                                  1p                192,164 
                                                   -------- 
     -----------------------  --------------------------------------------- 
 d)   Aggregated Information    n/a single transaction 
 
       Volume 
 
       Price 
     -----------------------  --------------------------------------------- 
 e)   Date of transaction      23 January 2020 
     -----------------------  --------------------------------------------- 
 f)   Place of transaction     Outside a trading venue 
     -----------------------  --------------------------------------------- 
 

Notification of Dealing Form:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                     Corina Holmes 
     -----------------------  --------------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status          Chief People 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 1 pence each 
       the financial 
       instrument, type 
       of instrument 
      Identification           ISIN: GB0002520509 
       code 
 
 b)   Nature of the            Grant of 1p cost options under the Company's 
       transaction              Employees' Performance Share Plan 
     -----------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)     Price per share   Volume 
                                  1p                167,910 
                                                   -------- 
     -----------------------  --------------------------------------------- 
 d)   Aggregated Information   n/a single transaction 
 
       Volume 
 
       Price 
     -----------------------  --------------------------------------------- 
 e)   Date of transaction      23 January 2020 
     -----------------------  --------------------------------------------- 
 f)   Place of transaction     Outside a trading venue 
     -----------------------  --------------------------------------------- 
 

Notification of Dealing Form:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                     Helen Milburn 
     -----------------------  --------------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status          General Counsel 
     -----------------------  --------------------------------------------- 
 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 1 pence each 
       the financial 
       instrument, type 
       of instrument 
      Identification           ISIN: GB0002520509 
       code 
 
 b)   Nature of the            Grant of 1p cost options under the Company's 
       transaction              Employees' Performance Share Plan 
     -----------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)     Price per share   Volume 
                                  1p                132,929 
                                                   -------- 
     -----------------------  --------------------------------------------- 
 d)   Aggregated Information   n/a single transaction 
 
       Volume 
 
       Price 
     -----------------------  --------------------------------------------- 
 e)   Date of transaction      23 January 2020 
     -----------------------  --------------------------------------------- 
 f)   Place of transaction     Outside a trading venue 
     -----------------------  --------------------------------------------- 
 

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 1 pence each 
       the financial 
       instrument, type 
       of instrument 
      Identification           ISIN: GB0002520509 
       code 
 
 b)   Nature of the            Grant of 1p cost options under the Company's 
       transaction              Employees' Performance Share Plan 
     -----------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)     Price per share   Volume 
                                  1p                458,955 
                                                   -------- 
     -----------------------  --------------------------------------------- 
 d)   Aggregated Information   n/a single transaction 
 
       Volume 
 
       Price 
     -----------------------  --------------------------------------------- 
 e)   Date of transaction      23 January 2020 
     -----------------------  --------------------------------------------- 
 f)   Place of transaction     Outside a trading venue 
     -----------------------  --------------------------------------------- 
 

About Hyve Group plc

Hyve Group plc is a next generation FTSE 250 global events business whose purpose is to create unmissable events, where customers from all corners of the globe share extraordinary moments and shape industry innovation. Hyve Group plc was announced as the new brand name of ITE Group plc in September 2019, following its significant transformation under the Transformation and Growth (TAG) programme. 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.

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

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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