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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -10.00 | -1.54% | 640.00 | 630.00 | 650.00 | 640.00 | 640.00 | 640.00 | 1,102,772 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Legal Services | 75.26M | 6.73M | 0.2145 | 29.84 | 200.95M |
From Apr 2019 to Apr 2024
TIDMKEYS
RNS Number : 3518Z
Keystone Law Group PLC
18 September 2020
18 September 2020
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 17 September 2020, 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.
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Name Number of Shares under LTIP
Awards
Ashley Miller (Executive Director,
Finance Director) 22,725
----------------------------
William Robins (PDMR) 22,725
----------------------------
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 9% delivering none of this element of the LTIP Award, 9% CAGR delivering 20% of this element of the LTIP Award and 100% of this element being granted for delivery of 14% CAGR in adjusted EPS over the three-year period. These targets are based on current UK corporation tax rate and the Remuneration Committee retains the right to make appropriate amendments to these in the event of a material change to the rate during the vesting period.
30% of the LTIP Awards will be assessed on the TSR of the Company over the three-year period 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 22,725
--------------------------------------------------------------------------- -----------------------------
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 17 September 2020
----------------------------------------- --------------------------------------------------------
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 22,725
--------------------------------------------------------------------------- -----------------------------
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 17 September 2020
----------------------------------------- --------------------------------------------------------
f) Place of the London
transaction
----------------------------------------- --------------------------------------------------------
- Ends -
For further information:
Keystone Law Group plc
James Knight, Chief Executive Officer Tel: +44 (0) 20 3319 3700
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
Buchanan (Financial PR):
Henry Harrison-Topham / Steph Watson / Hannah Tel: +44 (0) 20
Ratcliff 7466 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 345 experienced self-employed lawyers, many of whom employ junior lawyers to work alongside them. Working from their own offices and 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 45 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: https://www.keystonelaw.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.
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END
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September 18, 2020 02:00 ET (06:00 GMT)
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