Director/PDMR Shareholding
04/08/2022 16:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220804:nRSD9910Ua&default-theme=true
RNS Number : 9910U DWF Group PLC 04 August 2022
DWF Group plc
("DWF" or "the Company")
LEI: 213800O9QREOHTOGQ266
04 August 2022
Notification and public disclosure of transactions by persons discharging
managerial responsibilities ('PDMRs')
LTIP Award
On 1 August 2022, the Company granted to each of the PDMRs listed in the table
below a LTIP award over such number of Ordinary Shares of 1p each in the
Company (Shares) as is set out below (the Awards). The Awards are conditional
awards granted under the DWF Group plc Equity Incentive Plan (the EIP).
Name Maximum number of Shares under Award
Executive Director
Sir Nigel Knowles 1,015,776
Chris Stefani 438,070
Matthew Doughty 410,691
The Awards will vest after three years, in accordance with the EIP rules,
subject to continued employment and the satisfaction of the performance
conditions relating to earnings per share ("EPS") growth, return on capital
employed ("ROCE") growth and cash conversion rate over a three-year
performance period from 1 May 2022 to 30 April 2025. A further announcement
will be made (anticipated in the next month) of the performance targets for
the LTIP awards.
In accordance with the EIP rules, the vested Shares will be subject to a
two-year holding period before the Shares are released. No consideration was
paid for the grant of the award and no price is payable on the exercise of the
award. For the purposes of this award, the volume weighted average price for
the 5 days immediately preceding the date of grant of £0.949 was used.
Deferred Bonus Plan Award
On 1 August 2022, the Company also granted to each of the PDMRs listed in the
table below a Deferred Bonus Plan Award over such number of Shares as is set
out below (the "DBP Awards"). The DBP Awards represent 50% of the bonus
awarded for the period up to 30 April 2022. The DBP Awards are conditional
awards granted under the DWF Group plc Deferred Bonus Plan or the DWF LLP
Sub-group Deferred Bonus Plan (the "DBP").
Name Maximum number of Shares under Award
Executive Director
Sir Nigel Knowles 116,720
Chris Stefani 116,720
Matthew Doughty 116,720
The DBP Awards will vest after three years, in accordance with the DBP rules,
subject to continued employment. No consideration was paid for the grant of
the award and no price is payable on the exercise of the award. For the
purposes of this award, the volume weighted average price for the 5 days
immediately preceding the date of grant of £0.949 was used.
The notifications set out below are provided in accordance with the
requirements of Article 19 of the EU Market Abuse Regulation.
For further information please contact:
Darren Drabble +44 (0)20 7280 8929
Company Secretary
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Sir Nigel Knowles
2 Reason for the notification
a) Position/status Group 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 DWF Group plc
b) Legal Entity Identifier 213800O9QREOHTOGQ266
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 Ordinary shares of £0.01 each
Identification code ISIN: GB00BJMD6M39
b) Nature of the transaction Grant of conditional awards over such number of Ordinary Shares of 1p each
under the EIP and DBP
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
nil 1,015,776
nil 116,720
e) Aggregated information n/a
- Aggregated volume
- Aggregated Price
- Aggregated Total
f) Date of the transaction 2022-08-01
g) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Chris Stefani
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name DWF Group plc
b) Legal Entity Identifier 213800O9QREOHTOGQ266
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 Ordinary shares of £0.01 each
Identification code ISIN: GB00BJMD6M39
b) Nature of the transaction Grant of conditional awards over such number of Ordinary Shares of 1p each
under the EIP and DBP
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
nil 438,070
nil 116,720
e) Aggregated information n/a
- Aggregated volume
- Aggregated Price
- Aggregated Total
f) Date of the transaction 2022-08-01
g) Place of the transaction Outside of a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Matthew Doughty
2 Reason for the notification
a) Position/status Group Chief Operating Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name DWF Group plc
b) Legal Entity Identifier 213800O9QREOHTOGQ266
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 Ordinary shares of £0.01 each
Identification code ISIN: GB00BJMD6M39
b) Nature of the transaction Grant of conditional awards over such number of Ordinary Shares of 1p each
under the EIP and DBP
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
nil 410,691
nil 116,720
e) Aggregated information n/a
- Aggregated volume
- Aggregated Price
- Aggregated Total
f) Date of the transaction 2022-08-01
g) Place of the transaction Outside of a trading venue
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 DSHEALPLESAAEFA