REG - Forward Partners Grp - Exercise of Options

Forward PartnersAnnouncement

12/03/2024 12:45

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RNS Number : 5522G  Forward Partners Group PLC  12 March 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE
TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF
SUCH JURISDICTION.

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS, PROSPECTUS
EQUIVALENT

DOCUMENT OR SCHEME DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT
DECISION IN RELATION TO THE ACQUISITION OR NEW MOLTEN SHARES EXCEPT ON THE
BASIS OF INFORMATION IN THE SCHEME DOCUMENT.

 

FOR IMMEDIATE RELEASE

12 March 2024

FORWARD PARTNERS GROUP PLC

("FORWARD PARTNERS" OR "FORWARD")

Exercise of options, transaction in own shares and PDMR shareholdings

 

Forward Partners announces that an application has been made to the London
Stock Exchange for a total of 231,330 ordinary shares of £0.01 each
("Ordinary Shares") to be admitted to trading on AIM, following vesting and
exercise of outstanding FY23 Options granted pursuant to the Forward LTIP, as
determined by the Forward Remuneration Committee (such vesting and exercise
having taken place conditional upon the Court sanctioning the Scheme, which
was announced earlier today). It is expected that Admission will take effect
at 8.00 a.m. on 13 March 2024, following which the relevant shares will be
allotted and issued in order to satisfy the FY23 Options.

In connection with the above exercise of options and vesting of awards,
Forward has been notified that the following directors / persons discharging
managerial responsibility ("PDMR") received Ordinary Shares as detailed below
("notifications"). The notifications are made in accordance with the
requirements of the EU Market Abuse Regulation which has effect in English law
by virtue of the European Union (Withdrawal) Act 2018 (the Market Abuse
Regulation).

 

                 Previous Holding  %      Number Ordinary Shares  Shareholding on Admission  %
 Nic Brisbourne  382,920           0.28%  77,762                  460,682                    0.34%
 Lloyd Smith     0                 0.00%  61,716                  61,716                     0.05%

 

Capitalised terms used in this announcement, unless otherwise defined, shall
have the meanings given to them in the scheme document published by Forward on
21 December 2023 (the "Scheme Document").

 

Enquiries:

Forward Partners Group
plc
Via Alma PR

Nic Brisbourne (Chief Executive Officer)

 

Liberum Capital
Limited
+44 (0)20 3100 2222

(Rule 3 Adviser, Financial Adviser, Nominated Adviser and Corporate Broker to
Forward Partners)

Chris Clarke

Mark Harrison

Lauren Kettle

Anake Singh

 
 

Alma
PR
+44 (0)20 3405 0205

(Financial PR Adviser to Forward Partners)

David Ison

Andy Bryant

Will Ellis Hancock

 

 

 

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY
ASSOCIATED PERSONS

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Nicholas Brisbourne
 2.  Reason for the notification
 a)  Position/status:                                              CEO
 b)  Initial notification/Amendment:                               Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name:                                                         Forward Partners Group plc
 b)  LEI:                                                          213800G3LF6776Y7IY64
 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:                                          GB00BKPGBB09

 b)  Nature of the transaction:                                    Exercise of options under Forward Partners' 2023 Long Term Incentive Plan
 c)  Price(s) and volume(s):                                       Exercised resulting in issue of equity:

Share plan  Price(s) pence  Volume(s)
                                                                   LTIP        1 pence         77,762
 d)  Aggregated information:                                       See 4 (c) above

     ·      Aggregated volume:

     ·      Price:
 e)  Date of the transaction:                                      12 March 2024
 f)  Place of the transaction:                                     off-market transaction

d)

Aggregated information:

·      Aggregated volume:

·      Price:

See 4 (c) above

e)

Date of the transaction:

12 March 2024

f)

Place of the transaction:

off-market transaction

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                         Lloyd Smith
 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:                                                         Forward Partners Group plc
 b)  LEI:                                                          213800G3LF6776Y7IY64
 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

                                                                   GB00BKPGBB09

     Identification code:

 b)  Nature of the transaction:                                    Exercise of options under Forward Partners' 2023 Long Term Incentive Plan
 c)  Price(s) and volume(s):                                       Exercised resulting in issue of equity:

Share plan  Price(s) pence  Volume(s)
                                                                   LTIP        1 pence         61,716
 d)  Aggregated information:                                       See 4 (c) above

     ·      Aggregated volume:

     ·      Price:
 e)  Date of the transaction:                                      12 March 2024
 f)  Place of the transaction:                                     off-market transaction

d)

Aggregated information:

·      Aggregated volume:

·      Price:

See 4 (c) above

e)

Date of the transaction:

12 March 2024

f)

Place of the transaction:

off-market transaction

 

 

 

 

 

 

 

 

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