REG - Brooks Macdonald Grp - Director/PDMR Shareholding

Brooks MacdonaldAnnouncement

28/02/2025 17:00

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RNS Number : 9494Y  Brooks Macdonald Group PLC  28 February 2025

Brooks Macdonald Group plc

(the "Company" and together with its subsidiaries "Brooks Macdonald" or the
"Group")

 

Director/PDMR Shareholding

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities ("PDMR") in accordance with the UK Market Abuse
Regulations.

 

On 27 February 2025, the Company granted pursuant to the 2018 Brooks Macdonald
Long Term Incentive Plan (the "Plan") nil price options (the "Executive LTIP
Awards") over the ordinary shares of 1 pence each in the Company (the
"Shares") to the following PDMR:

 

 PDMR                  Number of Shares Over Which Awards are Granted
 Katherine Jones, CFO  52,540

 

The Plan has been established to retain and incentivise the Executives in
order to deliver our ambitious growth aims and to closely align the interests
of executives with those of shareholders (as outlined in the Directors'
Remuneration Policy included in the Annual Report and Accounts 2024).

 

Vesting of Awards

The Executive LTIP Awards will only vest and become exercisable to the extent
that stretching targets are achieved over the three-year vesting period. The
target metrics will be based 50% on underlying, diluted earnings per share,
35% on funds under management growth and 15% based on a basket of
environmental, social and governance based metrics.

 

Further, the Executive LTIP Awards are also subject to continued employment
and malus and clawback provisions.

 

Vesting timetable

To the extent that the necessary performance conditions are achieved, the
Executive LTIP Awards will vest and become exercisable on 21 October 2027,
following the announcement of the Group's results for the year ended 30 June
2027.

 

Holding period

The Executive LTIP Awards shall be subject to a compulsory, holding period of
a further two years from the date of vesting, and this is expected to lapse on
21 October 2029.

 

As at today's date, this Award represents 0.32% of the total voting rights of
the Company.

 

ANNEX

The notification below, made in accordance with the UK Market Abuse
Regulation, provides further details:

 

 

 1.   Details of the person discharging managerial responsibilities / person closely
      associated
 (a)  Name                                                         Katherine Jones
 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                                                         Brooks Macdonald Group plc
 (b)  LEI                                                          213800WRDF8LB8MIEX37
 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 1 pence each

      Identification code

                                                                    ISIN GB00B067N833
 (b)  Nature of the transaction                                    Grant of nil price options over ordinary shares of 1 pence each in the Company
 (c)  Price(s) and volume(s)                                       Volume granted: 52,540

                                                                   Exercise Price(s): Nil
 (d)  Aggregated information                                       Aggregated volume: n/a

                                                                   Aggregated price: n/a
      Date of the transaction                                      27 February 2025
      Place of the transaction                                     Outside of a trading venue

 

 

 

Enquiries:

 

 Brooks Macdonald Group plc
 Andrea Montague, CEO                                         +44 (0)7418 923 061

 Katherine Jones, CFO

 Alexander Holcroft, Interim Director of Investor Relations

 Singer Capital Markets (Nominated Adviser and Joint Broker)  +44 (0)20 7496 3000

 Charles Leigh-Pemberton / James Moat

 Investec Bank plc (Joint Broker)                             +44 (0)20 7597 4000

 Christopher Baird / David Anderson

 

 

LEI: 213800WRDF8LB8MIEX37

 

 

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