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NEXS Nexus Infrastructure Plc

72.50
2.50 (3.57%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nexus Infrastructure Plc LSE:NEXS London Ordinary Share GB00BZ77SW60 ORD GBP0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.50 3.57% 72.50 65.00 80.00 73.50 72.50 72.50 210,994 08:00:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Management Services 88.69M 58.8M 1.4546 0.50 29.31M

Nexus Infrastructure PLC Notification of Transactions by PDMRs (9368P)

22/02/2021 3:06pm

UK Regulatory


Nexus Infrastructure (LSE:NEXS)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Nexus Infrastructure Charts.

TIDMNEXS

RNS Number : 9368P

Nexus Infrastructure PLC

22 February 2021

22(nd) February 2021

Nexus Infrastructure plc

("Nexus" or the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)

Nexus announces the vesting on 21(st) February 2021 of the following awards granted under the Nexus Infrastructure plc Long Term Incentive Plan (LTIP) by PDMRs. The awards, in the form of conditional nil-cost options over ordinary shares of GBP0.02 each in the Company ("Ordinary Shares"), were granted on 20(th) February 2018. Vesting was subject to various performance conditions including average annual compound earnings per share growth and total shareholder return relative to a comparator group, as a result 22 per cent. of the eligible 2018 LTIP awards vested on 21(st) February 2021.

The following PDMRs received Ordinary Shares under the 2018 LTIP:

 
 Recipient          Job Title                  Number of Ordinary   Number of Ordinary 
                                                Shares*              Shares subsequently 
                                                                     sold** 
 Alan Martin        Chief Financial Officer          26,007                13,004 
                   -------------------------  -------------------  --------------------- 
 Dawn Hillman       Company Secretary                8,533                 3,840 
                   -------------------------  -------------------  --------------------- 
 Charles Sweeney    Chief Operating Officer          17,692                8,404 
                   -------------------------  -------------------  --------------------- 
                    Managing Director, 
 David Topping       TriConnex                       16,850                8,425 
                   -------------------------  -------------------  --------------------- 
                    Managing Director, 
 Robert Kendal       Tamdown                         8,313                 4,313 
                   -------------------------  -------------------  --------------------- 
                    Managing Director, 
 Simon Gallagher     eSmart Networks                 7,863                 3,932 
                   -------------------------  -------------------  --------------------- 
 

* No consideration was payable to receive these Ordinary Shares under the 2018 LTIP.

** Disposal of Ordinary Shares took place on 22nd February 2021 on the London Stock Exchange at a price of 155 pence to satisfy the tax liabilities arising from the exercise of the 2018 LTIP awards.

Michael Morris, Chief Executive Officer, who currently is a 22.3% shareholder in Nexus, has voluntarily surrendered his 2018 LTIP awards and they have now lapsed. The Board's Remuneration Committee has agreed that Michael Morris will be paid the cash equivalent of 38,401 Ordinary Shares due to him under the original 2018 LTIP totalling GBP58,456 (before tax, based on a share price of 155 pence less equivalent dealing costs). This route was taken as under the Takeover Code, Michael Morris and his concert party (the "Morris Concert Party") are precluded from acquiring additional shares in Nexus under Rule 9 of the Takeover Code. The Company intends to put in-place an appropriate annual authority for the Morris Concert Party so that Michael Morris is able to subscribe for Ordinary Shares through the Company's LTIP in the future.

Total voting rights

An application has been made to the London Stock Exchange for admission of 140,015 new Ordinary Shares to trading on AIM on 24 February 2021 ("Admission") in relation to the 2018 LTIP. Following Admission, the total number of Ordinary Shares in issue in the Company will be 45,400,765. Nexus does not hold any shares in treasury, and, therefore, following Admission, the total number of voting shares in Nexus in issue will be 45,400,765. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This notification is made in accordance with the requirements of the Market Abuse Regulation.

Dawn Hillman

Company Secretary

   Nexus Infrastructure plc                                               Tel : 01376 320856 
 
 1)   Details of the person discharging managerial responsibility 
 a)   Name                         Alan Martin 
     ---------------------------  ------------------------------------------ 
 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                         Nexus Infrastructure plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          213800PUGVLUONLG9Y20 
     ---------------------------  ------------------------------------------ 
 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 
     ----------------------------------------------------------------------- 
      Transaction 1 
     ---------------------------  ------------------------------------------ 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Exercise of Options over Ordinary Shares 
                                    under the Nexus Infrastructure plc 
                                    Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         26,007 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      20(th) February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     Outside of Trading Venue 
     ---------------------------  ------------------------------------------ 
      Transaction 2 
     ---------------------------  ------------------------------------------ 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Sale of shares sufficient to cover 
                                    tax liabilities arising on the aforesaid 
                                    award under the Nexus Infrastructure 
                                    plc Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP1.55     13,004 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      22nd February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     London Stock Exchange, AIM 
     ---------------------------  ------------------------------------------ 
 
 
 1)   Details of the person discharging managerial responsibility 
 a)   Name                         Dawn Hillman 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              Company Secretary 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                         Nexus Infrastructure plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          213800PUGVLUONLG9Y20 
     ---------------------------  ------------------------------------------ 
 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 
     ----------------------------------------------------------------------- 
      Transaction 1 
     ----------------------------------------------------------------------- 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Exercise of Options over Ordinary Shares 
                                    under the Nexus Infrastructure plc 
                                    Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         8,533 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      20(th) February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     Outside of Trading Venue 
     ---------------------------  ------------------------------------------ 
      Transaction 2 
     ---------------------------  ------------------------------------------ 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Sale of shares sufficient to cover 
                                    tax liabilities arising on the aforesaid 
                                    award under the Nexus Infrastructure 
                                    plc Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP1.55     3,840 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      22nd February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     London Stock Exchange, AIM 
     ---------------------------  ------------------------------------------ 
 
 
 1)   Details of the person discharging managerial responsibility 
 a)   Name                         Charles Sweeney 
     ---------------------------  ------------------------------------------ 
 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                         Nexus Infrastructure plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          213800PUGVLUONLG9Y20 
     ---------------------------  ------------------------------------------ 
 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 
     ----------------------------------------------------------------------- 
      Transaction 1 
     ----------------------------------------------------------------------- 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Exercise of Options over Ordinary Shares 
                                    under the Nexus Infrastructure plc 
                                    Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         17,692 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      20(th) February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     Outside of Trading Venue 
     ---------------------------  ------------------------------------------ 
      Transaction 2 
     ---------------------------  ------------------------------------------ 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Sale of shares sufficient to cover 
                                    tax liabilities arising on the aforesaid 
                                    award under the Nexus Infrastructure 
                                    plc Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP1.55     8,404 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      22nd February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     London Stock Exchange, AIM 
     ---------------------------  ------------------------------------------ 
 
 
 1)   Details of the person discharging managerial responsibility 
 a)   Name                         David Topping 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              Managing Director, TriConnex Ltd 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                         Nexus Infrastructure plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          213800PUGVLUONLG9Y20 
     ---------------------------  ------------------------------------------ 
 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 
     ----------------------------------------------------------------------- 
      Transaction 1 
     ---------------------------  ------------------------------------------ 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Exercise of Options over Ordinary Shares 
                                    under the Nexus Infrastructure plc 
                                    Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         16,850 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      20(th) February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     L ondon Stock Exchange, AIM 
     ---------------------------  ------------------------------------------ 
      Transaction 2 
     ---------------------------  ------------------------------------------ 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Sale of shares sufficient to cover 
                                    tax liabilities arising on the aforesaid 
                                    award under the Nexus Infrastructure 
                                    plc Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP1.55     8,425 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      22nd February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     London Stock Exchange, AIM 
     ---------------------------  ------------------------------------------ 
 
 
 1)   Details of the person discharging managerial responsibility 
 a)   Name                         Robert Kendal 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              Managing Director, Tamdown Group Ltd 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                         Nexus Infrastructure plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          213800PUGVLUONLG9Y20 
     ---------------------------  ------------------------------------------ 
 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 
     ----------------------------------------------------------------------- 
      Transaction 1 
     ---------------------------  ------------------------------------------ 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Exercise of Options over Ordinary Shares 
                                    under the Nexus Infrastructure plc 
                                    Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         8,313 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      20(th) February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     L ondon Stock Exchange, AIM 
     ---------------------------  ------------------------------------------ 
      Transaction 2 
     ---------------------------  ------------------------------------------ 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Sale of shares sufficient to cover 
                                    tax liabilities arising on the aforesaid 
                                    award under the Nexus Infrastructure 
                                    plc Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP1.55     4,313 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      22nd February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     London Stock Exchange, AIM 
     ---------------------------  ------------------------------------------ 
 
 
 1)   Details of the person discharging managerial responsibility 
 a)   Name                         Simon Gallagher 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              Managing Director, eSmart Networks 
                                    Ltd 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                         Nexus Infrastructure plc 
     ---------------------------  ------------------------------------------ 
 b)   LEI                          213800PUGVLUONLG9Y20 
     ---------------------------  ------------------------------------------ 
 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 
     ----------------------------------------------------------------------- 
      Transaction 1 
     ---------------------------  ------------------------------------------ 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction     Exercise of Options over Ordinary 
                                     Shares under the Nexus Infrastructure 
                                     plc Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         7,863 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      20(th) February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     L ondon Stock Exchange, AIM 
     ---------------------------  ------------------------------------------ 
      Transaction 2 
     ---------------------------  ------------------------------------------ 
 a)   Description of               Ordinary shares of GBP0.02 each. ISIN 
       the financial instrument,    GB00BZ77SW60 
       type of instrument 
       Identification 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Sale of shares sufficient to cover 
                                    tax liabilities arising on the aforesaid 
                                    award under the Nexus Infrastructure 
                                    plc Long Term Incentive Plan 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP1.55     3,932 
                                                ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated information       Not applicable - single transaction 
       - Aggregated volume 
       - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      22nd February 2021 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     London Stock Exchange, AIM 
     ---------------------------  ------------------------------------------ 
 
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