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PODP Pod Point Group Holdings Plc

22.00
0.00 (0.00%)
Last Updated: 08:06:07
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pod Point Group Holdings Plc LSE:PODP London Ordinary Share GB00BNDRD100 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 22.00 21.75 22.00 0.00 08:06:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electrical Machy, Equip, Nec 71.41M -20.21M -0.1311 -1.68 33.91M

Pod Point Group Holdings PLC Director/PDMR Shareholding (6936A)

25/05/2023 1:50pm

UK Regulatory


Pod Point (LSE:PODP)
Historical Stock Chart


From May 2023 to May 2024

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TIDMPODP

RNS Number : 6936A

Pod Point Group Holdings PLC

25 May 2023

25 May 2023

Pod Point Group Holdings plc

(the "Company" or "Pod Point")

Notification of Transactions by Persons Discharging Managerial Responsibilities ('PDMRs')

The Company announces that, on 25 May 2023, it granted Nil Cost Options ("Options") over Ordinary Shares of GBP0.001 each in the Company ("Shares"), in accordance with the Rules of the Pod Point Long Term Incentive Plan ("LTIP"), to the Executive Directors of the Company.

Vesting of the Options is subject to the Rules of the LTIP and upon continued employment to the normal vesting date and the achievement of the following performance conditions:

 
 Measure                              Weighting   Threshold            Max (100% payable) 
                                                   (25% payable) 
 Relative TSR vs FTSE Small           25%         Median performance   Upper Quartile 
  Cap Index (excluding Investment                  vs comparator        performance 
  Trusts)                                          group                vs comparator 
                                                                        group 
                                     ----------  -------------------  ------------------- 
 Adjusted EBITDA in FY25              25%         GBP3m                GBP10m 
                                     ----------  -------------------  ------------------- 
 Operating free cash flow in          25%         -GBP15.8m            -GBP6m 
  FY25 (excluding financing 
  and M&A) 
                                     ----------  -------------------  ------------------- 
 The successful design, development   12.5%       Full attainment of the 
  and negotiation of an Energy                     goals will be the successful 
  Tariff consumer market offering                  launch of an energy tariff 
                                                   which is integrated with 
                                                   Pod Point's products and 
                                                   services and the provision 
                                                   of direct benefit to consumers 
                                                   to reduce cost, consumption 
                                                   and carbon intensity 
                                     ----------  ---------------------------------------- 
 The signing of a 'grid load'         12.5%       Full attainment will be 
  management contract                              obtaining of a signed contract 
                                                   with a grid load manager 
                                                   to provide load management 
                                                   services to maximise energy 
                                                   use efficiency 
                                     ----------  ---------------------------------------- 
 

The number of Shares that will vest under the Options will depend upon the extent to which the performance conditions have been achieved and the discretion of the Remuneration Committee.

No consideration is payable on grant or vesting of the Options. The Options will normally vest three years from the date of grant but are subject to an additional two-year holding period from vesting. They are also subject to malus and clawback provisions.

This notification is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

 
 1.         Details of the PDMR 
       a)   Name                       Erik Fairbairn 
           -------------------------  ----------------------------------------- 
 2.         Reason for notification 
           -------------------------------------------------------------------- 
       a)   Position / status          Chief Executive Officer 
           -------------------------  ----------------------------------------- 
       b)   Initial notification       Initial notification 
             / amendment 
           -------------------------  ----------------------------------------- 
 3.         Details of the issuer, emission allowance market participant, 
             auction platform, auctioneer or auction monitor 
           -------------------------------------------------------------------- 
 a)         Name                       Pod Point Group Holdings plc 
           -------------------------  ----------------------------------------- 
 b)         LEI                        213800MY9U5MEDG21D89 
           -------------------------  ----------------------------------------- 
       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 GBP0.001 each 
             the financial 
             instrument 
                                        ISIN: GB00BNDRD100 
             Identification 
             code 
           -------------------------  ----------------------------------------- 
       b)   Nature of the              Grant of Nil Cost Option under the L ong 
             transaction                Term Incentive Plan 
           -------------------------  ----------------------------------------- 
       c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                          GBP0.00     384,000 
                                                     ---------- 
           -------------------------  ----------------------------------------- 
       d)   Aggregated information 
 
             Aggregated volume           N/A 
 
             Price 
           -------------------------  ----------------------------------------- 
       e)   Date of the transaction    25 May 2023 
           -------------------------  ----------------------------------------- 
       f)   Place of the transaction   Outside of a trading venue 
           -------------------------  ----------------------------------------- 
 
 
 1.   Details of the PDMR 
 c)   Name                       David Wolffe 
     -------------------------  ---------------------------------------- 
 2.   Reason for notification 
     ------------------------------------------------------------------- 
 d)   Position / status          Chief Financial Officer 
     -------------------------  ---------------------------------------- 
 e)   Initial notification       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                       Pod Point Group Holdings plc 
     -------------------------  ---------------------------------------- 
 b)   LEI                        213800MY9U5MEDG21D89 
     -------------------------  ---------------------------------------- 
 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 
     ------------------------------------------------------------------- 
 g)   Description of             Ordinary shares of GBP0.001 each 
       the financial              ISIN: GB00BNDRD100 
       instrument 
       Identification 
       code 
     -------------------------  ---------------------------------------- 
 h)   Nature of the              Grant of Nil Cost Option under the Long 
       transaction                Term Incentive Plan 
     -------------------------  ---------------------------------------- 
 i)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                    GBP0.00     307,200 
                                               ---------- 
     -------------------------  ---------------------------------------- 
 j)   Aggregated information 
 
       Aggregated volume           N/A 
 
       Price 
     -------------------------  ---------------------------------------- 
 k)   Date of the transaction    25 May 2023 
     -------------------------  ---------------------------------------- 
 l)   Place of the transaction   Outside of a trading venue 
     -------------------------  ---------------------------------------- 
 

Anita Guernari

Company Secretary

Enquiries

 
  T eneo                          +44 207 353 4200 
   (Public relations advisor to    8 5fs.p odpoint@te neo .com 
   Pod Point) 
 Mark Burgess, Matt Low, Arthur 
  Rogers 
 

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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(END) Dow Jones Newswires

May 25, 2023 08:50 ET (12:50 GMT)

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