REG - Genus - Director/PDMR Shareholding
02/04/2025 17:15
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RNS Number : 4162D Genus PLC 02 April 2025
2 April 2025
Genus plc
Director/PDMR Shareholding
Genus plc (LSE: GNS) announces that 17,987 share awards were granted under a
Restricted Stock Award (RSA) over ordinary shares in Genus on 11 September
2024 to Jim Low, a member of the Genus Executive Leadership Team, as listed in
table A below. These were awarded to compensate for remuneration forfeited as
a result of his resignation from his previous employer. The buyout award does
not have Genus company performance conditions attached to it but will vest
subject to his continued employment. The award was determined to be a fair
value for forfeited awards.
On 31 March 2025, 10,680 share awards granted pursuant to the above RSA, and
as listed in table B below, vested and 10,680 shares were released to Jim
Low. In order to offset income tax and social security liabilities due on
the vesting of those share awards, Jim Low sold 4,350 ordinary shares on 1
April 2025 and retained the balance of 6,330 ordinary shares, as listed in
table C below. The remaining 7,307 share awards vest on 31 March 2026.
The below notifications, made in accordance with Article 19 of the Market
Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of
the European Union (Withdrawal) Act 2018, give further detail on the PDMR
transactions described above.
For further information please contact:
Genus:
Cara Guedeney, Deputy Company
Secretary Tel: +44 (0)1256
347100
Table A - Grant of buy-out awards on 11 September 2024
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Jim Low
2. Reason for the notification
a. Position/status Chief Operating Officer, ABS
b. Initial notification Initial notification
/Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Genus plc
b. LEI 54930022EOITNKSIGH56
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 Ordinary shares of 10p each
Financial instrument, type of instrument
Identification code
GB0002074580
b. Nature of the transaction Grant of share awards on 11 September 2024 under a Restricted Stock Award over
ordinary shares in Genus.
c. Price(s) and volume(s)
Price(s) Volume(s)
0p 17,987
d. Aggregated information
· Aggregated volume
Average price(s) Total volume(s)
· Price
0p 17,987
e. Date of the transaction 2024-09-11
f. Place of the transaction Outside a trading venue.
d.
Aggregated information
· Aggregated volume
· Price
Average price(s) Total volume(s)
0p 17,987
e.
Date of the transaction
2024-09-11
f.
Place of the transaction
Outside a trading venue.
Table B - Vesting of buy-out awards on 31 March 2025
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Jim Low
2. Reason for the notification
a. Position/status Chief Operating Officer, ABS
b. Initial notification Initial notification
/Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Genus plc
b. LEI 54930022EOITNKSIGH56
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 Ordinary shares of 10p each
Financial instrument, type of instrument
Identification code
GB0002074580
b. Nature of the transaction Vesting of share awards and release of shares on 31 March 2025 under a
Restricted Stock Award over ordinary shares in Genus.
c. Price(s) and volume(s)
Price(s) Volume(s)
0p 10,680
d. Aggregated information
· Aggregated volume
Average price(s) Total volume(s)
· Price
0p 10,680
e. Date of the transaction 2025-03-31
f. Place of the transaction Outside a trading venue.
d.
Aggregated information
· Aggregated volume
· Price
Average price(s) Total volume(s)
0p 10,680
e.
Date of the transaction
2025-03-31
f.
Place of the transaction
Outside a trading venue.
Table C - Sale of sufficient ordinary shares on 1 April 2025 to cover tax and
social security liabilities
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Jim Low
2. Reason for the notification
a. Position/status Chief Operating Officer, ABS
b. Initial notification Initial notification
/Amendment
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Genus plc
b. LEI 54930022EOITNKSIGH56
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 Ordinary shares of 10p each
Financial instrument, type of instrument
Identification code
GB0002074580
b. Nature of the transaction Sale of shares arising from the vesting of share awards under Restricted Stock
Award to offset income tax and social security liabilities due on the vesting.
c. Price(s) and volume(s)
Price(s) Volume(s)
1,881.7352p 4,350
d. Aggregated information
· Aggregated volume
Average price(s) Total volume(s)
· Price
1,881.7352p 4,350
e. Date of the transaction 2025-04-01
f. Place of the transaction London Stock Exchange.
d.
Aggregated information
· Aggregated volume
· Price
Average price(s) Total volume(s)
1,881.7352p 4,350
e.
Date of the transaction
2025-04-01
f.
Place of the transaction
London Stock Exchange.
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