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RNS Number : 2376L Ascential PLC 18 April 2024
18 April 2024
Ascential plc (the "Company")
Notification of transactions of persons discharging managerial responsibility
Grant of Awards under the Company's Performance Share Plan and Deferred Annual
Bonus Plan.
On 18 April 2024 the Company's Executive Directors were granted conditional
awards over ordinary shares under the Ascential plc Executive Performance
Share Plan (the "PSP"). Mandy Gradden was also granted a conditional award
over ordinary shares under the Executive Deferred Annual Bonus Plan ("DABP")
as noted below:
Executive Director Number of shares awarded under PSP Number of shares awarded under DABP
Philip Thomas 369,662 Nil(( 1 (#_ftn1) ))
Mandy Gradden 278,480 75,310
PSP awards
Subject to the terms of the PSP, the awards will ordinarily vest on the third
anniversary of the grant of the awards subject to the grantee's continued
service and to the extent to which adjusted EPS, adjusted operating profit and
revenue performance criteria are met over the three financial years to 31
December 2026. The shares will also be subject to a further two-year holding
period whereby the Executive Directors will be restricted from selling the
shares which vest other than to settle any associated tax.
DABP awards
Awards made under the DABP relate to the deferral of 50% of the 2023 bonus
payable to Executive Directors into shares. Subject to the terms of the DABP,
the awards will ordinarily vest on the third anniversary of the grant of the
awards subject to the grantee's continued service.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Names Philip Thomas
Mandy Gradden
2 Reason for the notification
a) Position/status Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Ascential plc
b) LEI 213800VDXQDA7KD2IQ21
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 the financial instrument, type of instrument Ordinary shares of 1p
Identification code BYM8GJ0
b) Nature of the transaction Grant of conditional awards under the Company's Performance Share Plan ("PSP")
and the Executive Deferred Annual Bonus Plan ("DABP")
c) Price(s) and volume(s)
Phil Thomas:
Price(s) Volume(s)
369,662 ("PSP")
Mandy Gradden:
Price(s) Volume(s)
75,310 ("DABP")
278,480 ("PSP")
d) Aggregated information
- Aggregated volume Philip Thomas - single transaction
Mandy Gradden - 353,790
- Price Nil
e) Date of the transaction 18 April 2024
f) Place of the transaction London
Mandy Gradden:
Price(s) Volume(s)
75,310 ("DABP")
278,480 ("PSP")
d)
Aggregated information
- Aggregated volume
Philip Thomas - single transaction
Mandy Gradden - 353,790
- Price
Nil
e)
Date of the transaction
18 April 2024
f)
Place of the transaction
London
Contacts
Naomi Howden, Company Secretary
+44 (0) 207 516 5042
(( 1 (#_ftnref1) )) Philip Thomas was appointed as an executive director of
the Company on 2 January 2024 and was therefore not an executive director
subject to the DABP in 2023
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