REG - Aston Martin Lagonda - Director/PDMR Shareholding

Aston Martin Lagonda Global HoldingsAnnouncement

09/11/2022 15:45

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RNS Number : 8784F  Aston Martin Lagonda Glob.Hldgs PLC  09 November 2022

9 November 2022

Aston Martin Lagonda Global Holdings plc

Notification of transactions by Directors, Persons Discharging Managerial
Responsibilities ("PDMRs") and persons closely associated with them

Aston Martin Lagonda Global Holdings plc (the "Company") announces the
following changes in the interests of Directors in the Ordinary Shares in the
Company ("Shares"), which took place on 8 November 2022.

Buy-out Share Award

On 8 November 2022, Doug Lafferty (Chief Financial Officer) was granted
659,113 Shares for nil-consideration, the "Buy-out Share Award".

The Buy-out Share Award vested immediately and was settled partly with 349,329
Shares and partly with cash (with the cash element being paid to HMRC to
satisfy the income tax and National Insurance due on the award).

Doug is required to retain at least 75% of the 349,329 Shares he received, in
accordance with the Company's Executive Directors' shareholding guidelines.

In order to secure Mr Lafferty's appointment and to allow him to join the
Company at the earliest opportunity (and as disclosed both on appointment and
in the 2021 Directors' Remuneration Report), the Remuneration Committee agreed
to buy out awards that Doug forfeited on leaving his previous employer. This
buy-out share award compensates Doug for an LTIP award at his previous
employer which he forfeited by joining Aston Martin. This Buy-out Share Award
was structured to reflect the actual outcome (determined by the previous
employer) of the forfeited LTIP award and will be disclosed in full in the
2022 Directors' Remuneration Report.

The Buy-out Share Award is subject to clawback provisions and Doug will be
required to repay the award if he resigns or his employment is terminated for
cause within 12 months of the award date.

 

 

 

Enquiries:

 

 Investors and Analysts

 Sherief Bakr,                                    +44 (0)7789 177547

 Director of Investor Relations                   sherief.bakr@astonmartin.com

 Media

 Kevin Watters,                                    +44 (0)7764 386683

 Director of Communications                       kevin.watters@astonmartin.com

 Grace Barnie,                                     +44 (0)7880 903490

 Corporate Communications Manager                 grace.barnie@astonmartin.com

 Tulchan Communications

 Harry Cameron and Simon Pilkington               +44 (0)20 73534200

 

Notification of transactions by Directors, Persons Discharging Managerial
Responsibilities ("PDMRs") and persons closely associated with them

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Doug Lafferty
 2   Reason for the notification
 a)  Position/status                                              Chief Financial Officer
 b)  Initial notification/Amendment                               Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Aston Martin Lagonda Global Holdings plc
 b)  LEI                                                          213800167WOVOK5ZC776
 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

Identification code

                                                                  (ISIN:  GB00BN7CG237)
 b)  Nature of the transaction                                    Grant of Buy-out Award
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  £0        659,113
 d)  Aggregated information                                       659,113

- Aggregated volume                                         £0

     - Price
 e)  Date of the transaction                                      8 November 2022
 f)  Place of the transaction                                     Outside a trading venue
 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

Identification code

                                                                  (ISIN:  GB00BN7CG237)
 b)  Nature of the transaction                                    Vesting of Buy-out Award - settled partly by way of Ordinary Shares and partly
                                                                  in cash
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  £0        349,329
 d)  Aggregated information                                       349,329

- Aggregated volume                                         £0

     - Price
 e)  Date of the transaction                                      8 November 2022
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

659,113

£0

e)

Date of the transaction

8 November 2022

f)

Place of the transaction

Outside a trading venue

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

Identification code

Ordinary Shares

 

(ISIN:  GB00BN7CG237)

b)

Nature of the transaction

Vesting of Buy-out Award - settled partly by way of Ordinary Shares and partly
in cash

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 £0        349,329

d)

Aggregated information

- Aggregated volume

- Price

349,329

£0

e)

Date of the transaction

8 November 2022

f)

Place of the transaction

Outside a trading venue

 

 

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