REG - Hornby PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">HRN.L</Origin>

HornbyAnnouncement

22/12/2016 09:50

RNS Number : 6005S
Hornby PLC
22 December 2016
HORNBY PLC
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
On 20 December 2016, the following awards under the new Hornby Plc Long Term Incentive Plan 2016 (the "LTIP") were made to certain PDMR of the Company:
PDMR
No. of shares under award
Roger Canham
170,940
Steve Cooke
2,136,752
David Mulligan
598,290
Red Mckay
649,572
The awards are 'performance share awards' and are structured as options with an exercise price of 1 pence per share over ordinary shares of nominal value of 1 pence each.
The awards will ordinarily become exercisable as from the publication of audited results for the financial year ending 31 March 2019, subject to the grantee's continued service and to the extent to which performance conditions are satisfied. 
Details of the full notifications received by the Company are set out below.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Roger Canham
2
Reason for Notification
a)
Position/status
Executive Chairman
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Hornby Plc
b)
LEI
549300WP2GJODSTKY488
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
Identification code 
Ordinary Shares of 1pence each in Hornby Plc
GB00B01CZ652
b)
Nature of the transaction
Grant of a performance share award under the Hornby Plc Long Term Incentive Plan 2016. The award will ordinarily become exercisable as from the publication of audited results for the financial year ending 31 March 2019,subject to continued service and to the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
170,940
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2016
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Steve Cooke
2
Reason for Notification
a)
Position/status
Chief Executive
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Hornby Plc
b)
LEI
549300WP2GJODSTKY488
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
Identification code 
Ordinary Shares of 1 pence each in Hornby Plc
GB00B01CZ652
b)
Nature of the transaction
Grant of a performance share award under the Hornby Plc Long Term Incentive Plan 2016. The award will ordinarily become exercisable as from the publication of audited results for the financial year ending 31 March 2019 subject to continued service and to the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
2,136,752
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2016
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Mulligan
2
Reason for Notification
a)
Position/status
Chief Finance Officer
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Hornby Plc
b)
LEI
549300WP2GJODSTKY488
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
Identification code 
Ordinary Shares of 1 pence each in Hornby Plc
GB00B01CZ652
b)
Nature of the transaction
Grant of a performance share award under the Hornby Plc Long Term Incentive Plan 2016. The award will ordinarily become exercisable as from the publication of audited results for the financial year ending 31 March 2019 subject to continued service and to the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
598,290
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2016
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Red Mckay
2
Reason for Notification
a)
Position/status
Supply Chain Director
b)
Initial notification/Amendment
Initial Announcement
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Hornby Plc
b)
LEI
549300WP2GJODSTKY488
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
Identification code 
Ordinary Shares of 1 pence each in Hornby Plc
GB00B01CZ652
b)
Nature of the transaction
Grant of a performance share award under the Hornby Plc Long Term Incentive Plan 2016. The award will ordinarily become exercisable as from the publication of audited results for the financial year ending 31 March 2019 subject to continued service and to the extent to which performance conditions are satisfied. The award has an option price of 1 pence per share, subject to being waived by the Company.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
649,572
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2016
f)
Place of the transaction
Outside a trading venue
Enquiries:
David Mulligan   
Company Secretary
Hornby Plc
Tel: 01843 233500 
Numis Securities
Oliver Cardigan (Nomad)
Paul Gillam
Tom Ballard
Tel: 020 7260 1000
22nd December, 2016

This information is provided by RNS
The company news service from the London Stock Exchange
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