REG-Capita Plc: Director/PDMR Shareholding
19/03/2024 14:15
19 March 2024
Capita plc (“the Company”)
Notification and public disclosure of transactions by Director/Person
Discharging Managerial Responsibilities ("PDMR")
As announced on 9 November 2023, Adolfo Hernandez was appointed as Group Chief
Executive Officer with effect from 17 January 2024.
On 19 March 2024, the following award was granted over the Company's Ordinary
2 1/15p shares ("Ordinary Shares") to Adolfo Hernandez (“the Buy-Out
Award”). The Buy-Out Award is granted pursuant to UK Listing Rule 9.4.2(2).
The Buy-Out Award may not be settled with new issue or treasury shares.
The Buy-Out Award is capable of vesting in five independent tranches as set
out below:
Name Status Number of Ordinary Shares under Buy-out Award Vesting date
Adolfo Hernandez Chief Executive Officer 2,509,709 15 July 2024
2,497,467 15 January 2025
1,897,585 15 July 2025
1,885,343 15 January 2026
3,256,501 15 July 2026
No consideration was paid for the grant of the Buy-Out Award which is
structured as a conditional award comprising the respective tranches.
Notes:
The Buy-Out Award has been made to compensate Adolfo Hernandez for the
forfeiture of incentive arrangements held with his previous employer, Amazon
Web Services.
The number of Ordinary Shares under the Buy-Out Award has been calculated
using an Ordinary Share price of 19.81 pence per Ordinary Share being the
average of the closing Ordinary Share prices over the five Dealing Days
preceding 17 January 2024.
Tranches shall ordinarily be forfeit in the event of cessation of employment
prior to the relevant vesting dates.
Notification and public disclosure of transactions by director/persons
discharging managerial responsibilities and persons closely associated with
them
The information set out below is provided in accordance with the requirements
of the UK Market Abuse Regulation
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Adolfo Hernandez
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Capita plc
b) LEI CMIGEWPLHL4M7ZV0IZ88
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 of 2 1/15p each GB00B23K0M20
b) Nature of the transaction Grant of a conditional share award (Buy-out share award) over Capita ordinary shares to compensate Adolfo Hernandez for the forfeiture of incentive arrangements held with his previous employer.
c) Price(s) and volume(s)
Price Volume Vesting date
£Nil 2,509,709 15 July 2024
£Nil 2,497,467 15 January 2025
£Nil 1,897,585 15 July 2025
£Nil 1,885,343 15 January 2026
£Nil 3,256,501 15 July 2026
d) Aggregated information - Aggregated volume - Price 12,046,605 £Nil
e) Date of the transaction 19 March 2024
f) Place of the transaction Outside of a trading venue
For more information, please contact:
Investor enquiries
Helen Parris, Director of Investor Relations
Tel: 07720 169 269
Email: IRteam@capita.co.uk
Stephanie Little
Deputy Head of Investor Relations
Tel: 07541 622838
Email: IRteam@capita.co.uk
Media enquiries
Capita external communications
Tel: 0207 654 2399
Email: media@capita.co.uk
Notes to editors:
Every day our 43,000 colleagues help millions of people, by delivering
innovative, digitally enabled solutions to transform and simplify the
connections between government and citizens, businesses and customers. We
partner with our clients and provide the insight and technologies that give
time back, allowing them to focus on what they do best and making people’s
lives easier and simpler. We operate across two divisions – Capita Public
Service and Capita Experience – in the UK, Europe, India and South Africa.
Capita is quoted on the London Stock Exchange (CPI.L). Further information can
be found at: http://www.capita.com
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