REG - Hill & Smith PLC - Director/PDMR Shareholding

Hill & SmithAnnouncement

20/09/2024 11:00

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RNS Number : 0656F  Hill & Smith PLC  20 September 2024

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

20 September 2024

Grant of Awards under the Hill & Smith 2023 Long-Term Incentive Plan
('LTIP')

On 19 September 2024 (the 'Grant Date') the Company granted an award in the
form of a nil cost option over a total of 24,552 ordinary shares in the
Company to Rutger Helbing, the Company's Chief Executive Officer, under the
LTIP (the 'Award').

The Award will vest based on the achievement of relative Total Shareholder
Return (50%) and Underlying EPS Growth (50%) performance conditions measured
over a 3-year performance period. The detailed performance conditions will be
provided in the 2024 Directors' Remuneration Report.

The Award will (subject to the achievement of the performance conditions) vest
following the end of the performance period but will not ordinarily be
exercisable until the end of a further two-year holding period.

The number of ordinary shares over which the award was granted was based on a
share price of 2,046 pence per ordinary share, being the average mid-market
closing share price for the three business days prior to the grant date, as
derived from the London Stock Exchange daily official list.

As a result of these transactions Rutger Helbing holds share options over
24,552 ordinary shares in the Company.

 

Enquiries:

Karen Atterbury

Company Secretary

0121 704 7430

 

2024 LTIP Award

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                             Rutger Helbing
 2.   Reason for the notification
 (a)  Position/status                                  Chief Executive 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
      Identification code of the Financial Instrument  GB0004270301
 (b)  Nature of the transaction                        Grant of 2024 LTIP award (in the form of a nil-cost option to acquire ordinary
                                                       shares in the Company)
 (c)  Price(s) and volume(s)                           Price(s)  Volume
                                                       Nil       24,552
 (d)  Aggregated information:

Price(s)  Volume
      -       Aggregated volume                        Nil       24,552

      -       Price
 (e)  Date of the transaction                          19 September 2024
 (f)  Place of the transaction                         Outside a trading venue

(d)

Aggregated information:

-       Aggregated volume

-       Price

 

 Price(s)  Volume
 Nil       24,552

(e)

Date of the transaction

19 September 2024

(f)

Place of the transaction

Outside a trading venue

 

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