Next Fifteen Comm Director/PDMR Shareholding

 
TIDMNFC 
 
 

11 April 2018

Next Fifteen Communications Group plc

("Next 15" or the "Company")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

The Company announces that on Tuesday 10 April the following performance share awards ("Awards") over ordinary shares of 2.5 pence each in the capital of the Company ("Ordinary Shares") were granted under the Next 15 Long Term Incentive Plan ("Next 15 LTIP") to persons discharging managerial responsibilities ("PDMR"):

 
PDMR           No. of Ordinary Shares subject to Award 
Tim Dyson      134,105 
Peter Harris   67,889 
 
 

The above awards granted under the Next 15 LTIP will vest in annual tranches over the five-year performance period, subject to satisfaction of the performance conditions below, continued employment and holding periods.

Vested tranches may be released after (i) year 3 of the performance period (in respect of tranches vesting for years 1 to 3) and (ii) year 5 of the performance period (in respect of tranches vesting for years 4 and 5. Vesting will be determined for up to 70% of the Awards by the achievement of EPS growth targets and for up to 30% by KPI conditions. The Release of an Award is ordinarily subject to continued employment of the participant

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation. Details of the full notifications received by the Company are set out below.

 
1.   Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Tim Dyson 
2. Reason for the notification 
a)   Position/ status                         Chief Executive Officer 
b)   Initial notification / amendment         Initial notification. 
3.   Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor 
a)   Name                                     Next Fifteen Group Communications PLC 
b)   LEI:                                     213800BK9MBUZUUPMZ63 
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 the transactions have been conducted. 
a)   Description of the financial instrument  Ordinary Shares of 2.5p each. 
                                              ISIN: GB0030026057 
b)   Nature of the transaction                Grant of share awards over Ordinary Shares under the Next Fifteen  Communications Group PLC LTIP. 
c)   Price(s) and volume(s)                   Price(s)  Volume(s) 
 
                                              GBPnil      134,105 
 
d)   Aggregated information                   Single transaction - Grant of performance share award over 134,105  Ordinary Shares at nil cost. 
     Aggregated volume Price 
e)   Date of the transaction                  10 April 2018 
f)   Place of the transaction                 Outside a trading venue. 
 
 
1.   Details of PDMR / person closely associated with them ("PCA") 
a)   Name                                     Peter Harris 
2. Reason for the notification 
a)   Position/ status                         Chief Finance Officer 
b)   Initial notification / amendment         Initial notification. 
3.   Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor 
a)   Name                                     Next Fifteen Group Communications PLC 
b)   LEI:                                     213800BK9MBUZUUPMZ63 
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 the transactions have been conducted. 
a)   Description of the financial instrument  Ordinary Shares of 2.5p each. 
                                              ISIN: GB0030026057 
b)   Nature of the transaction                Grant of share awards over Ordinary Shares under the Next Fifteen  Communications Group PLC LTIP. 
c)   Price(s) and volume(s)                   Price(s)    Volume(s) 
 
                                              GBPnil    67,889 
 
d)   Aggregated information                   Single transaction - Grant of performance share award over 67,889  Ordinary Shares at nil cost. 
     Aggregated volume Price 
e)   Date of the transaction                  10 April 2018 
f)   Place of the transaction                 Outside a trading venue. 
 
 

Name of authorised official of issuer responsible for making notification:

 
Next Fifteen Communications Group plc 
Nick Lee Morrison, General Counsel                 [phone] 
& Company Secretary 
Investec Bank plc 
Keith Anderson/Neil Coleman/Darren Vickers         [phone] 
 
 
 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20180411005575/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

April 11, 2018 05:00 ET (09:00 GMT)