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NETW Network International Holdings Plc

393.60
0.20 (0.05%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Network International Holdings Plc LSE:NETW London Ordinary Share GB00BH3VJ782 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 0.05% 393.60 393.40 393.60 394.00 393.00 393.00 403,611 16:35:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 490.13M 65.69M 0.1233 31.91 2.1B

Network International Holdings PLC Grant of share awards under LTIP (6153Z)

21/05/2019 7:02am

UK Regulatory


Network (LSE:NETW)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMNETW

RNS Number : 6153Z

Network International Holdings PLC

21 May 2019

GRANT OF SHARE AWARDS UNDER LONG TERM INCENTIVE PLAN

LONDON (UK), 21 May 2019 - Network International Holdings plc (LSE: NETW) (the Company) has granted conditional share awards (the Awards) under the Network International Holdings Long Term Incentive Plan (the LTIP) to the executive directors and senior managers listed in the table below (the Participants), over the number of ordinary shares in the Company (Shares) set out against each Participant's name.

 
 Name              Number of Shares subject to Award 
 Simon Haslam      145,479 
                  ---------------------------------- 
 Rohit Malhotra    95,803 
                  ---------------------------------- 
 Samer Soliman     80,621 
                  ---------------------------------- 
 Andrew Key        74,586 
                  ---------------------------------- 
 

The Awards vest, in accordance with the rules of the LTIP, subject to the achievement of financial performance targets over a three year performance period. The performance conditions measure the Company's EPS, TSR and Revenue. The performance conditions were chosen as key indicators of shareholder value, and calibrated to reward sustainable long term performance of the Company and value creation for shareholders.

A two year holding period applies to 100 per cent. of the vested Shares subject to the Awards granted to Simon Haslam and Rohit Malhotra. 40 per cent. of the vested Shares subject to the Awards granted to all other Participants is subject to a holding period, which will cease to apply after one year in respect of half of those Shares, and after two years in respect of the remaining half of those Shares. The vesting of the Awards is subject to malus provisions, and a two year post-vesting clawback period applies to all Awards.

A copy of the FCA notification form in respect of the grant of the Awards to each PDMR, as required under the EU Market Abuse Regulation and in the prescribed format, is set out below.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

 
 1.   Details of PDMR 
 a)   Name                        Simon Haslam 
     --------------------------  ------------------------------------------------ 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position / status           Chief Executive Officer 
     --------------------------  ------------------------------------------------ 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ------------------------------------------------ 
 3.   Details of the issuer 
     ---------------------------------------------------------------------------- 
 a)   Name                        Network International Holdings Plc 
     --------------------------  ------------------------------------------------ 
 b)   Legal Entity Identifier     213800XVRNKWENNLKK60 
     --------------------------  ------------------------------------------------ 
 4.   Details of the transaction(s) 
     ---------------------------------------------------------------------------- 
 a)   Description of the          Shares 
       financial instrument 
     --------------------------  ------------------------------------------------ 
 b)   Identification code         GB00BH3VJ782 
     --------------------------  ------------------------------------------------ 
 c)   Nature of the transaction   Grant of Awards under the Network International 
                                   Holdings Long Term Incentive Plan 
     --------------------------  ------------------------------------------------ 
 d)   Price(s) and volume(s)       Price     Volume 
                                    GBP0.00   145,479 Ordinary 
                                               Shares 
     --------------------------  ------------------------------------------------ 
 e)   Aggregated information       N/A - single transaction 
       - Aggregated volume 
       - Aggregated price 
     --------------------------  ------------------------------------------------ 
 f)   Date of the transaction     17 May 2019 (UK) 
     --------------------------  ------------------------------------------------ 
 g)   Place of the transaction    London Stock Exchange, Main Market 
     --------------------------  ------------------------------------------------ 
 1.   Details of PDMR 
     ---------------------------------------------------------------------------- 
 a)   Name                        Rohit Malhotra 
     --------------------------  ------------------------------------------------ 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position / status           Chief Financial Officer 
     --------------------------  ------------------------------------------------ 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ------------------------------------------------ 
 3.   Details of the issuer 
     ---------------------------------------------------------------------------- 
 a)   Name                        Network International Holdings Plc 
     --------------------------  ------------------------------------------------ 
 b)   Legal Entity Identifier     213800VRNKWENNLKK60 
     --------------------------  ------------------------------------------------ 
 4.   Details of the transaction(s) 
     ---------------------------------------------------------------------------- 
 a)   Description of the          Shares 
       financial instrument 
     --------------------------  ------------------------------------------------ 
 b)   Identification code         GB00BH3VJ782 
     --------------------------  ------------------------------------------------ 
 c)   Nature of the transaction   Grant of Awards under the Network International 
                                   Holdings Long Term Incentive Plan 
     --------------------------  ------------------------------------------------ 
 d)   Price(s) and volume(s)       Price     Volume 
                                    GBP0.00   95,803 Ordinary 
                                               Shares 
     --------------------------  ------------------------------------------------ 
 e)   Aggregated information       N/A - single transaction 
       - Aggregated volume 
       - Aggregated price 
     --------------------------  ------------------------------------------------ 
 f)   Date of the transaction     17 May 2019 (UK) 
     --------------------------  ------------------------------------------------ 
 g)   Place of the transaction    London Stock Exchange, Main Market 
     --------------------------  ------------------------------------------------ 
 
 
 1.   Details of PDMR 
 a)   Name                        Samer Soliman 
     --------------------------  ------------------------------------------------ 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position / status           Managing Director 
     --------------------------  ------------------------------------------------ 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ------------------------------------------------ 
 3.   Details of the issuer 
     ---------------------------------------------------------------------------- 
 a)   Name                        Network International Holdings Plc 
     --------------------------  ------------------------------------------------ 
 b)   Legal Entity Identifier     213800VRNKWENNLKK60 
     --------------------------  ------------------------------------------------ 
 4.   Details of the transaction(s) 
     ---------------------------------------------------------------------------- 
 a)   Description of the          Shares 
       financial instrument 
     --------------------------  ------------------------------------------------ 
 b)   Identification code         GB00BH3VJ782 
     --------------------------  ------------------------------------------------ 
 c)   Nature of the transaction   Grant of Awards under the Network International 
                                   Holdings Long Term Incentive Plan 
     --------------------------  ------------------------------------------------ 
 d)   Price(s) and volume(s)       Price     Volume 
                                    GBP0.00   80,621 Ordinary 
                                               Shares 
     --------------------------  ------------------------------------------------ 
 e)   Aggregated information       N/A - single transaction 
       - Aggregated volume 
       - Aggregated price 
     --------------------------  ------------------------------------------------ 
 f)   Date of the transaction     17 May 2019 (UK) 
     --------------------------  ------------------------------------------------ 
 g)   Place of the transaction    London Stock Exchange, Main Market 
     --------------------------  ------------------------------------------------ 
 
 
 1.   Details of PDMR 
 a)   Name                        Andrew Key 
     --------------------------  ------------------------------------------------ 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position / status           Managing Director 
     --------------------------  ------------------------------------------------ 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ------------------------------------------------ 
 3.   Details of the issuer 
     ---------------------------------------------------------------------------- 
 a)   Name                        Network International Holdings Plc 
     --------------------------  ------------------------------------------------ 
 b)   Legal Entity Identifier     213800VRNKWENNLKK60 
     --------------------------  ------------------------------------------------ 
 4.   Details of the transaction(s) 
     ---------------------------------------------------------------------------- 
 a)   Description of the          Shares 
       financial instrument 
     --------------------------  ------------------------------------------------ 
 b)   Identification code         GB00BH3VJ782 
     --------------------------  ------------------------------------------------ 
 c)   Nature of the transaction   Grant of Awards under the Network International 
                                   Holdings Long Term Incentive Plan 
     --------------------------  ------------------------------------------------ 
 d)   Price(s) and volume(s)       Price     Volume 
                                    GBP0.00   74,586 Ordinary 
                                               Shares 
     --------------------------  ------------------------------------------------ 
 e)   Aggregated information       N/A - single transaction 
       - Aggregated volume 
       - Aggregated price 
     --------------------------  ------------------------------------------------ 
 f)   Date of the transaction     17 May 2019 (UK) 
     --------------------------  ------------------------------------------------ 
 g)   Place of the transaction    London Stock Exchange, Main Market 
     --------------------------  ------------------------------------------------ 
 

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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May 21, 2019 02:02 ET (06:02 GMT)

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