REG - Hill & Smith PLC - Director/PDMR Shareholding

Hill & SmithAnnouncement

22/03/2023 16:00

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RNS Number : 9090T  Hill & Smith PLC  22 March 2023

Hill & Smith PLC ('Hill & Smith' or 'the Company')

Director and PDMR Shareholdings

22 March 2023

Hill & Smith announces the following dealings by Directors and PDMRs of
the Company in connection with its employee share plan arrangements.

Hill & Smith 2014 Long-Term Incentive Plan - 2023 LTIP Award

On 16 March 2023 the Company granted awards under the Hill & Smith 2014
Long Term Incentive Plan (the "LTIP").  The following awards have been
granted in the form of rights to acquire ordinary shares in the Company based
on a share price of £12.98, that being the Mid-Market Quote from the day
immediately preceding the date of grant:

i.      Hannah Nichols (Chief Financial Officer) has been granted an
award over 36,067 ordinary shares;

ii.     Hooman Javvi (Group President) has been granted an award over
21,186 ordinary shares; and

iii.    Denise Beachy (Group President) has been granted an award over
24,070 ordinary shares.

In addition, Hooman Javvi was also granted an award in the form of a tax
qualifying option, in accordance with the provisions of the Hill & Smith
2014 Executive Share Option Scheme (the "ESOS"), over 2,311 ordinary shares
with an exercise price of £12.98 per ordinary share on terms that are similar
to the awards under the LTIP (together the "Awards"). If the options under the
ESOS are exercised at a gain, the LTIP awards will be reduced by the same
value to ensure that the combined pre-tax value delivered to participants is
not increased by the grant of the ESOS option.

The vesting of the LTIP is subject to the achievement of performance
conditions assessed over the three-year performance period 2023 - 2026,
details of which will be included in the Directors' Remuneration Report for
the year ended 31 December 2022.

The Awards will (subject to the achievement of the performance conditions)
vest following the end of the performance period, but for Executive Directors,
the LTIP may not ordinarily be exercised until the end of a further two-year
holding period.

Deferred Bonus Plan awards in respect of 2022 bonuses

On 16 March 2023 the Company granted awards under the rules of its Deferred
Bonus Plan in respect of bonuses earned for the year ended 31 December 2022.
The Company confirms that:

i.      Hannah Nichols has been granted an award over 13,298 ordinary
shares;

ii.     Hooman Javvi has been granted an award over 3,664 ordinary shares;
and

iii.    Denise Beachy has been granted an award over 5,212 ordinary shares.

The awards will vest following the end of a two-year deferral period.

2023 LTIP award

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                             Hannah Nichols
 2.   Reason for the notification
 (a)  Position/status                                  Chief Financial Officer
 (b)  Initial notification/ Amendment                  Initial notification
 3.   Details of the issuer
 (a)  Name                                             Hill & Smith PLC
 (b)  LEI                                              2138003A3ISGQZBOWI83
 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 £0.25 each
 (b)  Identification code of the Financial Instrument  GB0004270301
 (c)  Nature of the transaction                        Grant of 2023 LTIP award

 (d)  Price(s) and volume(s)                           Price(s)  Volume
                                                       Nil       36,067
 (e)  Aggregated information                           N/A single transaction
 (f)  Date of the transaction                          16 March 2023
 (g)  Place of the transaction                         Outside a trading venue

(e)

Aggregated information

N/A single transaction

(f)

Date of the transaction

16 March 2023

(g)

Place of the transaction

Outside a trading venue

 

 

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                             Hooman Javvi
 2.   Reason for the notification
 (a)  Position/status                                  Group President
 (b)  Initial notification/ Amendment                  Initial notification
 3.   Details of the issuer
 (a)  Name                                             Hill & Smith PLC
 (b)  LEI                                              2138003A3ISGQZBOWI83
 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 £0.25 each
 (b)  Identification code of the Financial Instrument  GB0004270301
 (c)  Nature of the transaction                        i.    Grant of 2023 LTIP award

                                                       ii.   Grant of costed option under the Executive Share Option Scheme
 (d)  Price(s) and volume(s)                           Price(s)  Volume
                                                       Nil       21,186
                                                       £12.98    2,311
 (e)  Aggregated information                           Price(s)  Volume
                                                       Nil       21,186
                                                       £12.98    2,311
 (f)  Date of the transaction                          16 March 2023
 (g)  Place of the transaction                         Outside a trading venue

(e)

Aggregated information

 Price(s)  Volume
 Nil       21,186
 £12.98    2,311

(f)

Date of the transaction

16 March 2023

(g)

Place of the transaction

Outside a trading venue

 

 

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                             Denise Beachy
 2.   Reason for the notification
 (a)  Position/status                                  Group President
 (b)  Initial notification/ Amendment                  Initial notification
 3.   Details of the issuer
 (a)  Name                                             Hill & Smith PLC
 (b)  LEI                                              2138003A3ISGQZBOWI83
 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 £0.25 each
 (b)  Identification code of the Financial Instrument  GB0004270301
 (c)  Nature of the transaction                        Grant of 2023 LTIP award
 (d)  Price(s) and volume(s)                           Price(s)  Volume
                                                       Nil       24,070
 (e)  Aggregated information                           N/A single transaction
 (f)  Date of the transaction                          16 March 2023
 (g)  Place of the transaction                         Outside a trading venue

(e)

Aggregated information

N/A single transaction

(f)

Date of the transaction

16 March 2023

(g)

Place of the transaction

Outside a trading venue

 

 

2023 Deferred Bonus Plan Award

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                             Hannah Nichols
 2.   Reason for the notification
 (a)  Position/status                                  Chief Financial Officer
 (b)  Initial notification/ Amendment                  Initial notification
 3.   Details of the issuer
 (a)  Name                                             Hill & Smith PLC
 (b)  LEI                                              2138003A3ISGQZBOWI83
 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 £0.25 each
 (b)  Identification code of the Financial Instrument  GB0004270301
 (c)  Nature of the transaction                        Grant of award under the Deferred Bonus Plan

 (d)  Price(s) and volume(s)                           Price(s)  Volume
                                                       Nil       13,298
 (e)  Aggregated information                           N/A single transaction
 (f)  Date of the transaction                          16 March 2023
 (g)  Place of the transaction                         Outside a trading venue

(e)

Aggregated information

N/A single transaction

(f)

Date of the transaction

16 March 2023

(g)

Place of the transaction

Outside a trading venue

 

 

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                             Hooman Javvi
 2.   Reason for the notification
 (a)  Position/status                                  Group President
 (b)  Initial notification/ Amendment                  Initial notification
 3.   Details of the issuer
 (a)  Name                                             Hill & Smith PLC
 (b)  LEI                                              2138003A3ISGQZBOWI83
 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 £0.25 each
 (b)  Identification code of the Financial Instrument  GB0004270301
 (c)  Nature of the transaction                        Grant of award under the Deferred Bonus Plan
 (d)  Price(s) and volume(s)                           Price(s)  Volume
                                                       Nil       3,664
 (e)  Aggregated information                           N/A single transaction
 (f)  Date of the transaction                          16 March 2023
 (g)  Place of the transaction                         Outside a trading venue

(e)

Aggregated information

N/A single transaction

(f)

Date of the transaction

16 March 2023

(g)

Place of the transaction

Outside a trading venue

 

 

 

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                             Denise Beachy
 2.   Reason for the notification
 (a)  Position/status                                  Group President
 (b)  Initial notification/ Amendment                  Initial notification
 3.   Details of the issuer
 (a)  Name                                             Hill & Smith PLC
 (b)  LEI                                              2138003A3ISGQZBOWI83
 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 £0.25 each
 (b)  Identification code of the Financial Instrument  GB0004270301
 (c)  Nature of the transaction                        Grant of award under the Deferred Bonus Plan
 (d)  Price(s) and volume(s)                           Price(s)  Volume
                                                       Nil       5,212
 (e)  Aggregated information                           N/A single transaction
 (f)  Date of the transaction                          16 March 2023
 (g)  Place of the transaction                         Outside a trading venue

(e)

Aggregated information

N/A single transaction

(f)

Date of the transaction

16 March 2023

(g)

Place of the transaction

Outside a trading venue

 

As a result of these transactions:

i.              Hannah Nichols holds share options over 172,340
ordinary shares in the Company;

ii.             Hooman Javvi holds share options over 55,115
ordinary shares in the Company; and

iii.            Denise Beachy holds share options over 66,491
ordinary shares in the Company.

 

 

 

Enquiries:

Alex Henderson

Company Secretary

0121 704 7430

 

 

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