REG - CPPGroup Plc - Director/PDMR Shareholding

CPPGroupAnnouncement

03/04/2023 07:15

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RNS Number : 0281V  CPPGroup Plc  03 April 2023

3 April 2023

 

CPPGroup Plc ("CPP", "CPP Group" or the "Company")

 

Director/PDMR Shareholding

 

On 31 March 2023, options over ordinary shares of £1 each in the Company
("Ordinary Shares") were awarded to the following Directors under the CPPGroup
Plc Deferred Bonus Plan (the "Plan"):

 

                Award of Ordinary Shares under the Plan  Resultant interests in unvested Ordinary Shares under incentive plans
 Simon Pyper    219,941                                  219,941
 David Bowling  114,370                                  114,370

 

The Plan recognises the importance of long-term engagement and retention of
the Executive Management Committee (EMC) to deliver the strategy and change
management programme (CMP) which will be to the benefit of all shareholders.

 

The options awarded under the Plan to Simon Pyper and David Bowling represent
their agreement to defer 75% and 65% respectively of their total bonus award
for 2022 as the strategy and CMP progresses. The share option awards under the
Plan were valued at £1.02 being the average closing price of the Company's
shares for a period of 30 days from the announcement of the strategy and CMP
on 19 October 2022.

 

No consideration was paid for the grant of the awards which are structured as
nil cost options.

 

The vesting of an award is subject to the satisfaction of performance
conditions set by the Remuneration Committee of the Company. Fifty percent of
the awards will vest on 31 December 2023 and the remaining fifty percent on 31
December 2024 and will normally remain exercisable until the day before the
tenth anniversary of the date of the grant, provided the individual remains an
employee or officer of the Company.

 

The total number of options awarded under the Plan to the Directors and other
EMC members is 635,320.

 

The total issued share capital as at the date of this announcement is
8,846,045.

 

Enquiries:

 CPPGroup plc
 Sarah Atherton, Company Secretary    Tel: +44 (0)113 4877 367

 Liberum Capital Limited
 (Nominated Adviser and Sole Broker)  Tel: +44 (0)20 3100 2000
 Richard Lindley
 Lauren Kettle

About CPP

 

CPP Group is a technology-driven assistance company that creates embedded and
ancillary real-time assistance products and resolution services that reduce
disruption to everyday life for millions of people across the world, at the
time and place they are needed, CPP Group is listed on AIM, operated by the
London Stock Exchange.

 

For more information on CPP visit https://international.cppgroup.com
(https://international.cppgroup.com/) .

 

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                             Simon Pyper

                                                       David Bowling
 2.   Reason for the notification
 (a)  Position/status                                  Executive Directors
 (b)  Initial notification/ Amendment                  Initial notification
 3.   Details of the issuer
 (a)  Name                                             CPPGroup Plc
 (b)  LEI                                              213800FRDE79FTQI4X25
 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          Ordinary shares of £1 each
 (b)  Identification code of the Financial Instrument  GB00BMDX5Z93
 (c)  Nature of the transaction                        Award of share options
 (d)  Price(s) and volume(s)                           Price(s)                    Volume(s)
                                                       N/A                         Simon Pyper - 219,941

                                                                                   David Bowling - 114,370
 (e)  Aggregated information

      -              Aggregated volume                 n/a

      -              Price                             n/a
 (f)  Date of the transaction                          31 March 2023
 (g)  Place of the transaction                         London Stock Exchange, AIM (XLON)

 

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