REG - LMS Capital PLC - Long Term Incentive Plan Awards

LMS CapitalAnnouncement

16/08/2023 15:15

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RNS Number : 5420J  LMS Capital PLC  16 August 2023

LMS Capital plc

(the "Company")

 

Long Term Incentive Plan Awards

Director / PDMR Shareholding

 

16 August 2023

 

The Company announces that yesterday it awarded a total of 686,064 nil cost
options over ordinary shares of 10 pence each to employees of the Company
under the Company's LTIP arrangements. 481,147 were awarded to the Managing
Director and 204,917 were awarded to other employees.

 

The awards were made in accordance with the Company's remuneration policy,
adopted by shareholders at the Annual General Meeting in May 2023, and the
terms of which were summarised in the Company's 2022 Annual Report and
Accounts on pages 46 to 54. The awards will only vest after 3 years, subject
to continued employment with the Company by the participant and the
achievement of performance conditions set by the Company's Remuneration
Committee, linked to the deployment by the Company of its capital into new
investments which are performing in line with expectations.

 

 

 

Details of the awards to the managing Director are set out below.

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulations, provides further detail in respect of the
transactions described above.

 

 1  Details of the person discharging managerial responsibilities / person closely
    associated
 a  Name                                                         Nick Friedlos
 2  Reason for the notification
 a  Position / status                                            Executive Director of LMS Capital plc
 b  Initial notification / Amendment                             Initial notification
 3  Details of the issuer, emission allowance market participant, auction
    platform, auctioneer or auction monitor
 a  Name                                                         LMS Capital plc
 b  LEI                                                          2138004UJ1TW8UCELX08
 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  Options over Ordinary shares of 10p each in LMS Capital plc
    Identification code                                          GB00B12MHD28
 b  Nature of the transaction                                    Grant of nil-cost share options conditional on future performance in
                                                                 accordance with the Company's long term incentive plan
 c  Price(s) and volume(s)                                       Price(s)                             Volume(s)
    nil                                                                                               481,147

 d  Aggregated information

    - Aggregated volume                                          N/A single transaction
    - Price

    - Total
 e  Date of the transaction                                      15 August 2023
 f  Place of the transaction                                     Outside of a trading venue

 

 

For further information, please contact:

 

 

Olesya Wehlau

IQ EQ Corporate Services (UK) Limited

Company Secretary

+44 (0) 207 367 6946

 

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