Nucleus Financial Group PLC Grant of long term incentive awards (5261N)

TIDMNUC

RNS Number : 5261N

Nucleus Financial Group PLC

20 May 2020

20 May 2020

Nucleus Financial Group plc

("Nucleus" or the "Company")

Grant of long term incentive awards to Executive Directors and other Persons Discharging Managerial Responsibility ("PDMRs")

Director/ PDMR shareholding

Nucleus announces that, on 19 May 2020, it granted long term incentive awards in the form of nil-cost options (the "Awards") over its ordinary shares of 0.1 pence each ("Shares") to the Executive Directors and other PDMRs set out below under the terms of its Long Term Incentive Plan (the "LTIP") that was established at the time of its original admission to AIM.

 
 PDMR              Role                        No. of shares over which awards were granted 
 David Ferguson    Chief Executive Officer     311,715 
                  --------------------------  --------------------------------------------- 
 Stuart Geard      Chief Finance Officer       233,000 
                  --------------------------  --------------------------------------------- 
 Barry Neilson     Chief Customer Officer      127,908 
                  --------------------------  --------------------------------------------- 
 Andrew Smith      Chief Technology Officer    139,172 
                  --------------------------  --------------------------------------------- 
 Kirsty Lynagh     Chief People Officer        103,029 
                  --------------------------  --------------------------------------------- 
 

The vesting of each of the Awards is subject to the satisfaction of performance conditions that will be measured over prescribed three-year periods and which relate to the achievement of targets applicable to earnings per share, net-inflow of assets under administration and total shareholder return. Vesting will also normally be dependent on the continued employment of the participant within the Company's group.

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them

 
       1.   Details of the person discharging managerial responsibilities 
             / person closely associated 
       a)   Name                            1. David Ferguson 
                                             2. Stuart Geard 
                                             3. Barry Neilson 
                                             4. Andrew Smith 
                                             5. Kirsty Lynagh 
           ------------------------------  -------------------------------------------------- 
       2.   Reason for the notification 
           ---------------------------------------------------------------------------------- 
       a)   Position / status               1. Chief Executive Officer 
                                             2. Chief Finance Officer 
                                             3. Chief Customer Officer 
                                             4. Chief Technology Officer 
                                             5. Chief People Officer 
           ------------------------------  -------------------------------------------------- 
       b)   Initial notification            Initial notification 
             / amendment 
           ------------------------------  -------------------------------------------------- 
 3.         Details of the issuer, emission allowance market participant, 
             auction platform, auctioneer or auction monitor 
           ---------------------------------------------------------------------------------- 
 a)         Name                              Nucleus Financial Group plc 
           --------------------------------  ------------------------------------------------ 
 b)         LEI                               213800MAIAI3M7LM5950 
           --------------------------------  ------------------------------------------------ 
       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 
           ---------------------------------------------------------------------------------- 
       c)   Description of                  Ordinary shares of 0.1p each 
             the financial 
             instrument                      ISIN: GB00BG226J60 
           ------------------------------  -------------------------------------------------- 
       d)   Nature of the                   Grant of awards (in the form of nil-cost 
             transaction                     options) over Shares pursuant to the Company's 
                                             Long Term Incentive Plan 
           ------------------------------  -------------------------------------------------- 
       e)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                               1. Nil     1. 311,715 
                                                2. Nil     2. 233,000 
                                                3. Nil     3. 127,908 
                                                4. Nil     4. 139,172 
                                                5. Nil     5. 103,029 
                                                         ------------ 
           ------------------------------  -------------------------------------------------- 
       f)   Aggregated information          1. N/A single transaction 
                                             2. N/A single transaction 
             Aggregated volume               3. N/A single transaction 
                                             4. N/A single transaction 
             Price                           5. N/A single transaction 
           ------------------------------  -------------------------------------------------- 
       g)   Date of the transaction         19 May 2020 
           ------------------------------  -------------------------------------------------- 
       h)   Place of the transaction        Outside a trading venue 
           ------------------------------  -------------------------------------------------- 
 
 

For further information please contact:

Nucleus

Stuart Geard, Chief Financial Officer Tel: [phone]

Shore Capital (Nominated Adviser and Broker)

Hugh Morgan Tel: [phone]

Edward Mansfield

Daniel Bush

Camarco (Media enquiries)

Jennifer Renwick Tel: [phone]

Jake Thomas

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 [e-mail] or visit www.rns.com.

END

DSHZBLFLBELZBBL

(END) Dow Jones Newswires

May 20, 2020 10:44 ET (14:44 GMT)