REG - Computacenter - Director/PDMR Shareholding
11/04/2023 15:15
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230411:nRSK8608Va&default-theme=true
RNS Number : 8608V Computacenter PLC 11 April 2023
Computacenter plc
Incorporated in England
Registration number: 03110569
LEI: 549300XSXUZ1I19DB105
ISIN: GB00BV9FP302
Computacenter plc
(the 'Company')
The following notifications are made under Article 19 of the Market Abuse
Regulation ('MAR') relating to certain transactions in the shares of the
Company by Directors of the Company, Persons Discharging Managerial
Responsibilities ('PDMR') of the Company and Persons Closely Associated
('PCA') with the Directors and PDMRs.
Grant of Awards - Performance Share Plan
The Company announces that on 6 April 2023, in accordance with the rules of
the Computacenter Performance Share Plan 2005 (the 'PSP'), the Company granted
awards of nil-cost options (the 'PSP Awards') over Ordinary Shares of 7(5)/(9)
pence each in the capital of the Company ('Ordinary Shares'), to the following
Director and PDMR:
Director Number of shares awarded(1)
Mr M J Norris (Director) 60,437
(1) Calculated using a price of 2151.00 pence per Ordinary Share which is the
average middle market closing quotation, as derived from the Daily Official
List of the London Stock Exchange, over the period from 3 April 2023 to 5
April 2023, being the three trading days before the Date of Grant of the PSP
Award
Performance Criteria
No consideration was paid for the grant of the PSP Award which is structured
as a nil cost option, and which shall ordinarily vest and become exercisable
by the participant listed above, subject to the satisfaction of the
performance conditions set by the Remuneration Committee of the Company which
are based on (i) the compound annual growth rate of the Group's adjusted
diluted earnings per share ('EPS'), commencing on 1 January 2023 and ending on
31 December 2025 (the 'Performance Period') and (ii) the compound annual
growth rate of the Group's Services Revenue over the Performance Period. The
PSP Award is subject to a two-year holding period following vesting. The
vested PSP Award held during the holding period will include the right to
receive dividend equivalents as shares.
PDMR Number of shares awarded(1)
Mr S Pereira (PDMR) 1,972
(1) Calculated using a price of 2151.00 pence per Ordinary Share which is the
average middle market closing quotation, as derived from the Daily Official
List of the London Stock Exchange, over the period from 3 April 2023 to 5
April 2023, being the three trading days before the Date of Grant of the PSP
Award
Performance Criteria
No consideration was paid for the grant of the PSP Award which is structured
as a nil cost option, and which shall ordinarily vest and become exercisable
by the participant listed above, subject to the satisfaction of the
performance condition set by the Remuneration Committee of the Company which
is based on the compound annual growth rate of the Group's EPS over the
Performance Period.
All of the PSP Awards set out above will be satisfied out of shares held by
the 2011 Computacenter Employee Benefit Trust or by treasury shares held by
the Company at the discretion of the Board of the Company. The relevant FCA
notifications are set out below.
Grant of Awards - Deferred Bonus Plan
The Company announces that on 6 April 2023, in accordance with the rules of
the Computacenter 2017 Deferred Bonus Plan (the 'DBP'), the Company granted
conditional awards (the '2022 Bonus Awards') over Ordinary Shares of 7(5)/(9)
pence each, to the following Directors:
Director Number of shares awarded(2)
Mr F A Conophy (Director) 2,863
Mr M J Norris (Director) 6,312
(2) Calculated using a price of 2151.00 pence per Ordinary Share which is the
average middle market closing quotation, as derived from the Daily Official
List of the London Stock Exchange, over the period from 3 April 2023 to 5
April 2023, being the three trading days before the Date of Grant of the 2022
Bonus Awards.
Performance Criteria
The annual performance bonus for each of the two participants listed above is
based on performance measures and targets set at the beginning of each
financial year. Performance is normally assessed over one financial
year. For the bonus paid in respect of 2022, 50 per cent will be paid in
cash and 50 per cent, the 2022 Bonus Awards, has been deferred into Ordinary
Shares of 7(5)/(9) pence each, as detailed above. One-half of the deferred
shares from the 2022 Bonus Awards will vest after one year and the remaining
deferred shares from the 2022 Bonus Awards will vest after two years. Ordinary
Shares subject to deferral as part of the 2022 Bonus Awards will include the
right to receive dividend equivalents as shares.
No consideration was paid for the grant of the 2022 Bonus Awards which are
structured as conditional awards, and which shall ordinarily vest for the two
participants listed above, subject to confirmation by the Remuneration
Committee of the Company.
All of the 2022 Bonus Awards set out above will be satisfied by market
purchase of shares. The relevant FCA notifications are set out below.
Position following Grant of Awards
Following the completion of the awards set out in this announcement:
DIRECTOR Number of Ordinary Shares held(3) Vested but held nil-cost options Vested, unheld but unexercised nil-cost options Balance of conditional awards under the PSP Balance of conditional awards under the Bonus Award
Mr F A Conophy (Director) 1,984,963 114,299 - 51,602 14,244
Mr M J Norris (Director) 1,134,214 201,581 - 151,483 13,398
(3) Includes interests held by a PCA
PDMR/PCA FCA Transaction Notification
1. Details of Director/Person Discharging Managerial Responsibilities
Name Francis Anthony Conophy
2. Reason for the notification
2(a) Position/Status Group Finance Director
2(b) Initial Notification/ Initial Notification
Amendment
3. Details of the issuer
3(a) Name Computacenter plc
3(b) LEI 549300XSXUZ1I19DB105
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 transaction(s) have been conducted
4(a) Description of the financial instrument Ordinary shares of 7 (5)/(9) pence in Computacenter plc ('Ordinary Shares')
ISIN: GB00BV9FP302
4(b) Nature of Transaction Grant of a conditional award over Ordinary Shares under the Computacenter 2017
Deferred Bonus Plan (the '2022 Bonus Award'). There is no price payable on the
grant or vesting of the 2022 Bonus Award.
4(c) Price(s) and Volume(s) Price(s) (in GBP) Volume(s)
nil 2,863
4(d) Aggregated Information
2,863
Aggregated Volume and Price nil
4(e) Date of the transaction 06-04-2023
4(f) Place of the transaction Outside of a trading venue.
1. Details of Director/Person Discharging Managerial Responsibilities
Name Michael John Norris
2. Reason for the notification
2(a) Position/Status Chief Executive Officer
2(b) Initial Notification/ Initial Notification
Amendment
3. Details of the issuer
3(a) Name Computacenter plc
3(b) LEI 549300XSXUZ1I19DB105
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 transaction(s) have been conducted
4(a) Description of the financial instrument Ordinary shares of 7 (5)/(9) pence in Computacenter plc ('Ordinary Shares')
ISIN: GB00BV9FP302
4(b) Nature of Transaction Grant of a nil-cost option award over Ordinary Shares under the Computacenter
Performance Share Plan 2005 (the 'PSP Award'). There is no price payable on
the grant, vesting or exercise of the PSP Award. Vesting of the PSP Award is
subject to the achievement of performance conditions over a three-year period.
Any options vested under the PSP Award are subject to a two-year holding
period before they can be exercised.
4(c) Price(s) and Volume(s) Price(s) (in GBP) Volume(s)
nil 60,437
4(d) Aggregated Information
Aggregated Volume and Price nil 60,437
4(e) Date of the transaction 06-04-2023
4(f) Place of the transaction Outside of 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 transaction(s) have been conducted
4(a) Description of the financial instrument Ordinary shares of 7 (5)/(9) pence in Computacenter plc ('Ordinary Shares')
ISIN: GB00BV9FP302
4(b) Nature of Transaction Grant of a conditional award over Ordinary Shares under the Computacenter 2017
Deferred Bonus Plan (the '2022 Bonus Award'). There is no price payable on the
grant or vesting of the 2022 Bonus Award.
4(c) Price(s) and Volume(s) Price(s) (in GBP) Volume(s)
nil 6,312
4(d) Aggregated Information
Aggregated Volume and Price nil 6,312
4(e) Date of the transaction 06-04-2023
4(f) Place of the transaction Outside of a trading venue.
1. Details of Person Discharging Managerial Responsibilities
Name Simon John Pereira
2. Reason for the notification
2(a) Position/Status Group Company Secretary
2(b) Initial Notification/ Initial Notification
Amendment
3. Details of the issuer
3(a) Name Computacenter plc
3(b) LEI 549300XSXUZ1I19DB105
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 transaction(s) have been conducted
4(a) Description of the financial instrument Ordinary shares of 7 (5)/(9) pence in Computacenter plc ('Ordinary Shares')
ISIN: GB00BV9FP302
4(b) Nature of Transaction Grant of a nil-cost option award over Ordinary Shares under the Computacenter
Performance Share Plan 2005 (the 'PSP Award'). There is no price payable on
the grant, vesting or exercise of the PSP Award. Vesting of the PSP Award is
subject to the achievement of a performance condition over a three year
period.
4(c) Price(s) and Volume(s) Price(s) (in GBP) Volume(s)
nil 1,972
4(d) Aggregated Information
Aggregated Volume and Price nil 1,972
4(e) Date of the transaction 06-04-2023
4(f) Place of the transaction Outside of a trading venue.
Enquiries:
Name: Simon Pereira
Company Secretary
Address: Computacenter plc
Hatfield Avenue
Hatfield
Hertfordshire
AL10 9TW
Telephone: +44 (0) 7385 514 715
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHEALLFFFFDEFARecent news on Computacenter
See all newsREG - Computacenter - Q1 Trading Update
AnnouncementREG - Computacenter - 2023 Annual Financial Report & Notice of 2024 AGM
AnnouncementREG - Computacenter - Directorate Change - Holding Announcement
AnnouncementREG - Computacenter - Director/PDMR Shareholding
AnnouncementREG - Computacenter - Director/PDMR Shareholding
Announcement