REG - Computacenter - Director/PDMR Shareholding
22/03/2024 16:00
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RNS Number : 0256I Computacenter PLC 22 March 2024
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.
Vesting of Awards, Exercise of Options and Subsequent Sale of Shares
Computacenter Performance Share Plan 2005
The Company announces that on 21 March 2024, in accordance with the rules of
the PSP, the nil-cost option award over Ordinary Shares, which was granted on
22 March 2021, vested for the following Director. Vesting of the PSP Award was
subject to the achievement of performance conditions over a three year period.
DIRECTOR Number of options awarded % Award Number of options vested Number of options lapsed Number of options exercised Number of options held
Vested(1)
Mr M J Norris (Director) 51,678 90.86% 46,954 -
4,724 46,954
(1) Awards granted under the PSP Plan vest subject to the satisfaction of
performance conditions at the end of a three year period. The level of
vesting for PSP Awards granted in 2021 was 90.86% for the PSP Enhanced Plan.
The PSP Award vested is subject to a two year holding period before they are
released to the Director.
Computacenter 2017 Deferred Bonus Plan
The Company announces that on 21 March 2024, the following conditional award
over Ordinary Shares vested for the Director below. This followed, in
accordance with the rules of the Computacenter 2017 Deferred Bonus Plan, the
Company vesting tranches of the related conditional 2021 Bonus Award, which
was granted on 21 March 2022, over Ordinary Shares. Vesting of this tranche
of the 2021 Bonus Award was subject to the completion of a two-year holding
period. Further, certain of the Ordinary Shares, resulting from the vesting of
the award, were sold for 2714 pence each.
DIRECTOR Number of shares vested(2) Number of shares sold Number of shares retained
Mr M J Norris (Director) 7,527 7,527 -
(2) On 21 March 2024, the Director listed above became entitled to ordinary
shares of 7(5)/(9) pence each in the capital of the Company, as a result of an
Award vesting under the DBP. Awards granted under the DBP Plan vest in two
tranches with one-half of the deferred shares from the Bonus Awards vesting
after one year and the remaining deferred shares from the Bonus Awards vesting
after two years. The shares vesting above relate to the second tranche of the
2021 Bonus Award made on 21 March 2022. The shares were released to the
Director on 21 March 2024 when the transaction noted above took place. The
vesting amount included 441 shares, awarded as dividend equivalent shares
equal in value to dividends that would have been paid on the shares in respect
of which the award vests in respect of dividend record dates during the period
between the grant date and the vesting date.
The relevant FCA notifications are set out below.
PDMR/PCA FCA Transaction Notification
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 Ordinary Shares acquired following the vesting of a conditional award, made on
21 March 2022, under the Computacenter 2017 Deferred Bonus Plan (the '2021
Bonus Award'). There is no price payable on the grant or exercise of the 2021
Bonus Award. Vesting of this tranche of the 2021 Bonus Award was subject to
the completion of a two year holding period.
4(c) Price(s) and Volume(s) Price(s) (in GBP) Volume(s)
nil 7,086
4(d) Aggregated Information
Aggregated Volume and Price nil 7,086
4(e) Date of the transaction 21-03-2024
4(f) Place of the transaction Outside of a trading venue. The Ordinary Shares for the above-mentioned
exercise were satisfied out of those held by the 2011 Computacenter Employee
Benefit Trust.
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 Ordinary Shares acquired as dividend equivalents related to the grant and
vesting of a conditional award, made on 21 March 2022, under the Computacenter
2017 Deferred Bonus Plan (the 'Bonus Award Dividend Equivalents'). There is no
price payable on the acquisition of the Bonus Award Dividend Equivalents.
4(c) Price(s) and Volume(s) Price(s) (in GBP) Volume(s)
nil 441
4(d) Aggregated Information
Aggregated Volume and Price nil 441
4(e) Date of the transaction 21-03-2024
4(f) Place of the transaction Outside of a trading venue. The Ordinary Shares for the above-mentioned
exercise were satisfied out of those held by the 2011 Computacenter Employee
Benefit Trust.
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 Sale of Ordinary Shares. Sold all 7,527 Shares from the conditional award
vested, and dividend equivalent shares acquired, under the Computacenter 2017
Deferred Bonus Plan.
4(c) Price(s) and Volume(s) Price(s) (in GBP) Volume(s)
27.14 7,527
4(d) Aggregated Information
Aggregated Volume and Price 27.14 7,527
4(e) Date of the transaction 21-03-2024
4(f) Place of the transaction XLON
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 Ordinary Shares acquired following exercise of a nil-cost option awarded under
the Computacenter Performance Share Plan 2005 (the 'PSP Award'). There was no
price payable on the grant or exercise of the PSP Award. Vesting of the PSP
Award was subject to the achievement of a performance condition over a three
year period and released after a two year holding period.
4(c) Price(s) and Volume(s) Price(s) (in GBP) Volume(s)
Nil 90,604
4(d) Aggregated Information
Aggregated Volume and Price Nil 90,604
4(e) Date of the transaction 21-03-2024
Place of the transaction Outside of a trading venue. The Ordinary Shares for the above-mentioned
exercise were satisfied out of those held by the 2011 Computacenter Employee
4(f) Benefit Trust.
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 Sale of Ordinary Shares. Sold all 90,604 shares acquired following the
exercise of a nil-cost option vested under the Computacenter Performance Share
Plan 2005.
4(c) Price(s) and Volume(s) Price(s) (in GBP) Volume(s)
27.017888 90,604
4(d) Aggregated Information
Aggregated Volume and Price 27.017888 90,604
4(e) Date of the transaction 21-03-2024
4(f) Place of the transaction XLON
Enquiries:
Name: Simon Pereira
Company Secretary
Address: Computacenter plc
Hatfield Avenue
Hatfield
Hertfordshire
AL10 9TW
Telephone: +44 (0) 7385 514 715
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