REG - Computacenter - Director/PDMR Shareholding

ComputacenterAnnouncement

26/03/2025 14:00

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RNS Number : 3514C  Computacenter PLC  26 March 2025

 

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 24 March 2025, 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
Directors/PDMR:

 

 Director                  Number of shares awarded(1)

 Mr M J Norris (Director)  53,908

(1) Calculated using a price of 2623.00 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 19 March 2025 to 21
March 2025, being the three trading days before the Date of Grant of the PSP
Awards

 

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 2025 and ending on
31 December 2027 (the 'Performance Period') and (ii) the compound annual
growth rate of the Group's Services Revenue over the Performance Period, and
(iii) the compound annual EBIT growth rate of the Group's North American
business 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)  2,060

(1) Calculated using a price of 2623.00 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 19 March 2025 to 21
March 2025, being the three trading days before the Date of Grant of the PSP
Awards

 

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 24 March 2025, in accordance with the rules of
the Computacenter 2017 Deferred Bonus Plan (the 'DBP'), the Company granted a
conditional award (the 'DBP Award') over Ordinary Shares of 75/9 pence each,
to the following Director:

 

 Director                  Number of shares awarded(1)

 Mr M J Norris (Director)  4,013

(1) Calculated using a price of 2623.00 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 19 March 2025 to 21
March 2025, being the three trading days before the Date of Grant of the 2023
Bonus Awards.

 

Performance Criteria

The annual performance bonus for the participant 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 2024, 50 per cent will be paid in cash
and 50 per cent, the DBP Award, has been deferred into Ordinary Shares of 75/9
pence each, as detailed above. One-half of the deferred shares from the DBP
Award will vest after one year and the remaining deferred shares from the DBP
Award will vest after two years. Ordinary Shares subject to deferral as part
of the DBP Award will include the right to receive dividend equivalents as
shares.

 

No consideration was paid for the grant of the DBP Award which is structured
as a conditional award, and which shall ordinarily vest for the participant
listed above, subject to confirmation by the Remuneration

Committee of the Company.  The DBP Award set out above, will be satisfied by
market purchase of shares.

 

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                     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                                                                                 53,908

 4(d)   Aggregated Information

        Aggregated Volume and Price               nil                                       53,908

 4(e)   Date of the transaction                   24-03-2025

 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 'DBP Award'). There is no price payable on the grant
                                                  or vesting of the DBP Award.

 4(c)   Price(s) and Volume(s)                    Price(s) (in GBP)                         Volume(s)

        nil                                                                                 4,013

 4(d)   Aggregated Information

                                                                                            4,013

        Aggregated Volume and Price               nil

 4(e)   Date of the transaction                   24-03-2025

 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                                                                                 2,060

 4(d)   Aggregated Information

        Aggregated Volume and Price               Nil                                       2,060

 4(e)   Date of the transaction                   24-03-2025

 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

 

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