ZPG PLC Director/PDMR Shareholding (9307B)

TIDMZPG

RNS Number : 9307B

ZPG PLC

15 January 2018

ZPG Plc

(the "Company")

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons in accordance with MAR 19(3)

15 January 2018

The Company announces that on 15 January 2018, having been approved by the Remuneration Committee, the following Nil Cost Option to acquire ordinary shares of the Company of GBP0.001 each ("Shares") under the ZPG Plc Value Creation Plan ("VCP") has been granted to the following person discharging managerial responsibilities ("PDMR"):

 
        PDMR               Position          Number of Shares 
                                              over which Nil 
                                            Cost Option granted 
-------------------  -------------------  --------------------- 
 
                        Chief Executive 
   Alex Chesterman          Officer               931,546 
-------------------  -------------------  --------------------- 
 

The number of Shares over which the Nil Cost Option was granted has been calculated by reference to the 30-day average share price following the announcement of the Company's results for the financial year ending on 30 September 2017 of GBP3.35015.

The Nil Cost Option is subject to the rules of the VCP and will normally vest depending on performance against Total Shareholder Return targets. Up to 50% of the number of Shares granted under the Nil Cost Option will normally vest following the Measurement Date, as defined under the rules of the VCP, for the financial year ending on 30 September 2018, with up to the remainder of the number of Shares granted under the Nil Cost Option vesting following the Measurement Date for the financial year ending on 30 September 2019.

The last date for exercise shall normally be 30 September 2025. No dividend or dividend equivalents are payable in respect of the Nil Cost Option in accordance with the rules of the VCP.

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation:

 
 1    Details of the PDMR / person closely associated 
---  --------------------------------------------------------------------------------------- 
 a)   Name                                        Alex Chesterman 
---  -------------------------------  ------------------------------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------------------------------------- 
 a)   Position/status                             Chief Executive Officer 
---  -------------------------------  ------------------------------------------------------ 
 b)   Initial notification/Amendment   Initial Notification 
---  -------------------------------  ------------------------------------------------------ 
 3    Details of the issuer 
---  --------------------------------------------------------------------------------------- 
 a)   Name                             ZPG Plc 
---  -------------------------------  ------------------------------------------------------ 
 b)   LEI                              213800W48XAF3GXE5170 
---  -------------------------------  ------------------------------------------------------ 
 4    Details of the transaction(s): 
---  --------------------------------------------------------------------------------------- 
 a)   Description of                   Ordinary shares of GBP0.001 
       the financial instrument,        each 
       type of instrument               ISIN: GB00BMHTHT14 
       Identification 
       code 
---  -------------------------------  ------------------------------------------------------ 
 b)   Nature of the transaction                               Grant of nil cost share option 
                                                               over ordinary shares under 
                                                               the ZPG Plc Value Creation 
                                                               Plan. 
---  -------------------------------  ------------------------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)      Volume(s) 
                                        ------------  ---------- 
                                         GBP3.35015    931,546 
                                        ------------  ---------- 
---  -------------------------------  ------------------------------------------------------ 
 d)   Aggregated information           N/A 
       - Aggregated volume 
       - Price 
---  -------------------------------  ------------------------------------------------------ 
 e)   Date of the transaction          15 January 2018 
---  -------------------------------  ------------------------------------------------------ 
 f)   Place of transaction             Outside a trading venue 
---  -------------------------------  ------------------------------------------------------ 
 

Enquiries:

Ned Staple

General Counsel and Company Secretary

ZPG Plc

The Cooperage

5 Copper Row

London

SE1 2LH

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 15, 2018 11:46 ET (16:46 GMT)