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KEYS Keystone Law Group Plc

645.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Keystone Law Group Plc LSE:KEYS London Ordinary Share GB00BZ020557 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 645.00 630.00 660.00 645.00 645.00 645.00 42,713 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Legal Services 75.26M 6.73M 0.2145 30.07 202.52M

Keystone Law Group PLC Director / PDMR shareholding (9271C)

20/06/2019 1:29pm

UK Regulatory


Keystone Law (LSE:KEYS)
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From Apr 2019 to Apr 2024

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TIDMKEYS

RNS Number : 9271C

Keystone Law Group PLC

20 June 2019

20 June 2019

Keystone Law Group Plc

('Keystone' or the 'Company)

Director / PDMR shareholding

Keystone Law (AIM:KEYS), the fast growing, UK Top 100, challenger law firm, announces that on 19 June 2019, the following awards were granted over GBP0.002 ordinary shares in the capital of the Company under the Keystone Law Long Term Incentive Plan 2018 ('LTIP'), which was approved by shareholders at the 2018 Annual General Meeting.

 
 Name                                  Number of Shares under LTIP Awards 
 Ashley Miller (Executive Director, 
  Finance Director)                    13,415 
                                      ----------------------------------- 
 William Robins (PDMR)                 13,415 
                                      ----------------------------------- 
 

The LTIP Awards have been granted as performance share awards and will vest on the third anniversary of their grant subject to the grantee's continued employment and to the extent to which the adjusted Earnings Per Share ('EPS') and Relative Total Shareholder Return ('TSR') performance conditions set out in the LTIP Award are met.

70% of the LTIP Awards will be assessed on growth in adjusted EPS over the three-year period, with compound annual growth ('CAGR') of less than 15% delivering none of this element of the LTIP Award, 15% CAGR delivering 20% of this element of the LTIP Award and 100% of this element being granted for delivery of 26% CAGR in adjusted EPS over the three-year period.

30% of the LTIP Awards will be assessed on the TSR of the Company over the three-year period to 4 July 2021 relative to that of those companies included in the FTSE Fledgling Index throughout the Performance Period; with 100% being awarded for performance in the top quartile, 50% for performance in the second quartile and nothing awarded for performance below the median.

In addition, the recipients of the LTIP Awards will be required to retain shares awarded under the LTIP awards for two years from the vesting date subject to the ability to sell sufficient shares to discharge any tax liability.

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the LTIP Award.

 
 PDMR DEALING NOTIFICATION TEMPLATE 
 Notification and public disclosure of transactions by persons 
  discharging managerial responsibilities and persons closely 
  associated with them 
 1        Details of the person discharging managerial responsibilities/person 
           closely associated 
         --------------------------------------------------------------------------------------------------- 
 a)       Name                                       Ashley Rupert James Patrick Miller 
         -----------------------------------------  -------------------------------------------------------- 
 2        Reason for the notification 
         --------------------------------------------------------------------------------------------------- 
 a)       Position/status                            Finance Director 
         -----------------------------------------  -------------------------------------------------------- 
 b)       Initial notification                       Initial notification 
           /Amendment 
         -----------------------------------------  -------------------------------------------------------- 
 3        Details of the issuer, emission allowance market participant, 
           auction platform, auctioneer or auction monitor 
         --------------------------------------------------------------------------------------------------- 
 a)       Name                                       Keystone Law Group plc 
         -----------------------------------------  -------------------------------------------------------- 
 b)       Legal Entity                               213800RTARHELL51S215 
           Identifier 
         -----------------------------------------  -------------------------------------------------------- 
 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 GBP0.002 each in Keystone 
           the financial                              Law Group plc 
           instrument, type 
           of instrument 
         -----------------------------------------  -------------------------------------------------------- 
          Identification                             GB00BZ020557 
           code 
         -----------------------------------------  -------------------------------------------------------- 
 b        Nature of the                              Grant of LTIP Award under the Keystone Law 
  1)       transaction                                Long Term Incentive Plan. The Award is structured 
                                                      as a performance share award which shall ordinarily 
                                                      vest on the third anniversary of its grant 
                                                      date subject to continued service and to the 
                                                      extent to which the performance conditions 
                                                      set for the Award are satisfied. 
         -----------------------------------------  -------------------------------------------------------- 
 c        Price(s) and                               Price(s)                   Volume(s) 
  1)       volume(s) 
         -----------------------------------------  -------------------------  ----------------------------- 
   Nil                                                                          13,415 
  ---------------------------------------------------------------------------  ----------------------------- 
 b        Nature of the 
  2)       transaction 
         --------------------------------------------------------------------  ----------------------------- 
 c        Price(s) and                               Price(s)                   Volume(s) 
  2)       volume(s) 
         -----------------------------------------  -------------------------  ----------------------------- 
 
 d)       Aggregated information                     Not applicable single transaction 
         -----------------------------------------  -------------------------------------------------------- 
  - Aggregated 
   volume 
 --------------------------------------------------------------------  ------  ----------------------------- 
  - Price 
 --------------------------------------------------------------------  ------  ----------------------------- 
 e)       Date of the transaction                     19 June 2019 
         -----------------------------------------  -------------------------------------------------------- 
 f)       Place of the                                London 
           transaction 
         -----------------------------------------  -------------------------------------------------------- 
 
 
 
 PDMR DEALING NOTIFICATION TEMPLATE 
 Notification and public disclosure of transactions by persons 
  discharging managerial responsibilities and persons closely 
  associated with them 
 1         Details of the person discharging managerial responsibilities/person 
            closely associated 
          ---------------------------------------------------------------------------------------------------------- 
 a)        Name                                           William Robins 
          ---------------------------------------------  ----------------------------------------------------------- 
 2         Reason for the notification 
          ---------------------------------------------------------------------------------------------------------- 
 a)        Position/status                                PDMR 
          ---------------------------------------------  ----------------------------------------------------------- 
 b)        Initial notification                           Initial notification 
            /Amendment 
          ---------------------------------------------  ----------------------------------------------------------- 
 3         Details of the issuer, emission allowance market participant, 
            auction platform, auctioneer or auction monitor 
          ---------------------------------------------------------------------------------------------------------- 
 a)        Name                                           Keystone Law Group plc 
          ---------------------------------------------  ----------------------------------------------------------- 
 b)        Legal Entity                                   213800RTARHELL51S215 
            Identifier 
          ---------------------------------------------  ----------------------------------------------------------- 
 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 GBP0.002 each in Keystone 
            the financial                                  Law Group plc 
            instrument, type 
            of instrument 
          ---------------------------------------------  ----------------------------------------------------------- 
           Identification                                 GB00BZ020557 
            code 
          ---------------------------------------------  ----------------------------------------------------------- 
 b         Nature of the                                  Grant of LTIP Award under the Keystone Law 
  1)        transaction                                    Long Term Incentive Plan. The Award is structured 
                                                           as a performance share award which shall ordinarily 
                                                           vest on the third anniversary of its grant 
                                                           date subject to continued service and to the 
                                                           extent to which the performance conditions 
                                                           set for the Award are satisfied. 
          ---------------------------------------------  ----------------------------------------------------------- 
 c         Price(s) and                                   Price(s)                                       Volume(s) 
  1)        volume(s) 
          ---------------------------------------------  ---------------------------------------------  ------------ 
   Nil                                                                                                   13,415 
  ----------------------------------------------------------------------------------------------------  ------------ 
 b         Nature of the 
  2)        transaction 
          --------------------------------------------------------------------------------------------  ------------ 
 c         Price(s) and                                   Price(s)                                       Volume(s) 
  2)        volume(s) 
          ---------------------------------------------  ---------------------------------------------  ------------ 
 
 d)        Aggregated information                         Not applicable single transaction 
          ---------------------------------------------  ----------------------------------------------------------- 
  - Aggregated 
   volume 
 --------------------------------------------------------------------------------------------  -------  ------------ 
  - Price 
 --------------------------------------------------------------------------------------------  -------  ------------ 
 e)        Date of the transaction                         19 June 2019 
          ---------------------------------------------  ----------------------------------------------------------- 
 f)        Place of the                                    London 
            transaction 
          ---------------------------------------------  ----------------------------------------------------------- 
 
 

- Ends -

For further information:

 
Keystone Law Group plc 
James Knight, Chief Executive         Tel: +44 (0) 20 3319 3700 
 Officer 
Ashley Miller, Finance Director           www.keystonelaw.co.uk 
Panmure Gordon (UK) Limited 
 (Nominated Adviser and Broker) 
Dominic Morley (Corporate Finance)         Tel: +44 (0) 20 7886 
                                                           2500 
Erik Anderson (Corporate Broking)               www.panmure.com 
 
 
 

Media enquiries:

 
Buchanan 
Henry Harrison-Topham / Steph Watson /  Tel: +44 (0) 20 7466 
 Hannah Ratcliff                                        5000 
KeystoneLaw@Buchanan.uk.com              www.buchanan.uk.com 
 

Notes to editors

Keystone Law is a UK Top 100, fast growing, profitable and cash generative challenger law firm. Established in 2002, Keystone is one of the first platform models disrupting the traditional law firms operating within the legal services mid-market. Keystone's model permits rapid scalability, enabling the Group to increase the number of revenue generating lawyers more quickly than the traditional model.

As a full service law firm, Keystone delivers conventional legal services across more than 20 service areas and over 50 industry sectors to a client base comprising predominantly of SMEs and private individuals. These services are delivered by over 270 experienced self-employed lawyers who work from their own offices; with no fixed remuneration their fees are calculated with direct reference to the income they generate for the Group. The lawyers are fully supported by the Group's central office team of approximately 40 employees, and are therefore able to focus entirely on business development and the delivery of legal work.

With the head office located in the heart of London's legal district on Chancery Lane, the Group uses its bespoke proprietary software platform to enable Keystone's lawyers to interact with the central office team and each other in an easy and efficient manner, whilst extensive networking and social events engender a strong sense of belonging to the Keystone family. The platform also drives interaction, co-operation and a strong corporate culture across the business.

Keystone joined the AIM market of the London Stock Exchange in November 2017, raising GBP15 million, under the ticker KEYS. More information can be found at: www.keystonelaw.co.uk/

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

June 20, 2019 08:29 ET (12:29 GMT)

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