REG - Facilities by ADF - Grant of awards under Long Term Incentive Plan

Facilities by ADFAnnouncement

05/03/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240305:nRSE5440Fa&default-theme=true

RNS Number : 5440F  Facilities by ADF plc  05 March 2024

5 March 2024

 

Facilities by ADF plc

("ADF", the "Company" or the "Group")

 

PDMR Dealings

Grant of awards under Long Term Incentive Plan

 

Facilities by ADF plc, the leading provider of premium serviced production
facilities to the UK film and high-end television ("HETV")
industry, announces that on 4 March 2024, the Company awarded 1,001,225
options under the Facilities by ADF Long Term Incentive Plan to its Executive
Directors as set out in the table below. The award is over ordinary shares of
£0.01 ("Ordinary Shares") in the form of options to acquire Ordinary Shares
at nominal value ("LTIP Awards").

 

 Executive Director  Role                     Number of LTIP Awards
 Marsden Proctor     Chief Executive Officer  571,429
 Neil Evans          Chief Financial Officer  429,796

 

The LTIP Awards will vest not earlier than the third anniversary of grant
subject to meeting the performance conditions applied to the awards measured
over the three-year period ending 31 December 2026. 50% of the award is
subject to an EBITDA growth performance target and 50% is subject to a total
shareholder return ("TSR") growth target with vesting commencing at 6% CAGR
rising on a straight line to full vesting at 10% CAGR.  The LTIP Awards are
subject to a two-year post-vesting holding period.

 

Awards of a further 566,329 options were made to other senior employees on
similar terms.

 

For further information, please contact:

 

 Facilities by ADF plc                                 Via Alma

 Marsden Proctor / John Richards / Neil Evans

 Cavendish Capital Markets Limited (Nomad and Broker)  Tel: +44 (0) 207 220 0500

 Ben Jeynes / George Lawson - Corporate Finance

 Michael Johnson - Sales

 Alma Strategic Communications                         Tel: +44 (0)20 3405 0205

 Josh Royston / Hannah Campbell                        facilitiesbyadf@almastrategic.com

 

The information set out below is provided in accordance with the requirements
of the UK Market Abuse Regulation:

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                                         Marsden Proctor
 2    Reason for the notification
 (a)  Position/status                                              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                                                         Facilities by ADF plc
 (b)  LEI                                                          984500F550EB62EDCP28
 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 1p each

      Identification code

                                                                   ISIN: GB00BNZGNM64
 (b)  Nature of the transaction                                    Grant of share options
 (c)  Price(s) and volume(s)                                       Price: Nil

                                                                   Volume: 571,429
 (d)  Aggregated information                                       N/A

      -         Aggregated volume

      -         Price
 (e)  Date of the transaction                                      4 March 2024
 (f)  Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                                         Neil Evans
 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                                                         Facilities by ADF PLC
 (b)  LEI                                                          984500F550EB62EDCP28
 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 1p each

      Identification code

                                                                   ISIN: GB00BNZGNM64
 (b)  Nature of the transaction                                    Grant of share options
 (c)  Price(s) and volume(s)                                       Price: Nil

                                                                   Volume: 429,796
 (d)  Aggregated information                                       N/A

      -         Aggregated volume

      -         Price
 (e)  Date of the transaction                                      4 March 2024
 (f)  Place of the transaction                                     Outside 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  DSHSSMFULELSEED