REG - IDOX PLC - Director/PDMR Shareholding

IdoxAnnouncement

07/03/2025 14:45

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RNS Number : 8762Z  IDOX PLC  07 March 2025

7 March 2025

Idox plc

('Idox' or the 'Group' or the 'Company')

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES ("PDMRS")

 

Idox plc (AIM: IDOX), a leading supplier of specialist information management
software and geospatial data solutions to the public and asset intensive
sectors, announces that, on 7 March 2025 the following PDMRs (the "Grantees")
received conditional awards over the number of Ordinary Shares each in the
Company ("Ordinary Shares") shown below (the "Awards"), in accordance with the
rules of the Long Term Incentive Plan 2023 ("2023 LTIP").

 

 

Standard Award

 

 Name of Director/PDMR  Number of Shares Awarded  Type of Award
 David Meaden           599,110                   Conditional
 Anoop Kang             470,729                   Conditional
 Jonathan Legdon        470,729                   Conditional

 

 

The vesting and holding period of each Award is subject to the rules of the
2023 LTIP and the Grantee agreeing to be bound by the terms of their Award.

 

The Awards will normally vest on the third anniversary of the grant date. No
consideration is payable by grantees on either the grant or vesting of the
Awards.

 

Three independent performance conditions will be used:

 

o Absolute TSR (50% weighting)

 

o Adjusted EPS (25% weighting)

 

o Revenue (25% weighting)

 

 

The performance condition applying to half of the Awards (the "TSR Part") will
measure the Company's absolute total shareholder return ("TSR") performance
over a three-year period. The measurement period for the Awards shall comprise
three consecutive financial years of the Company, starting with the 2025
financial year. No portion of the TSR Part will vest unless the Company's TSR
performance achieves a 5% CAGR over the measurement period at which point
18.75% of the TSR Part will vest, rising to a 10% CAGR on a straight-line
basis at which point 75% of the TSR Part will vest and thereafter on a
straight-line basis to 100% vesting for the Company's TSR performance
achieving a 12% CAGR over the measurement period.

 

The performance condition applying to a separate quarter of the Awards (the
"EPS Part") will measure the Company's adjusted earnings per share performance
over a three-year measurement period starting with the 2025 financial year. No
portion of the EPS Part will vest unless the Company's adjusted EPS for the
2027 financial year is 2.94p at which point 18.75% of the EPS Part will vest,
rising to 3.27p on a straight-line basis at which point 75% of the EPS Part
will vest and thereafter on a straight-line basis to 100% vesting for the
Company's EPS for the 2027 financial year being 3.33p.

 

The performance condition applying to a separate quarter of the Awards (the
"Revenue Part") will measure the company's revenue performance over a
three-year measurement period starting with the 2025 financial year. No
portion of the Revenue Part will vest unless the Company's revenue for the
2027 financial year is £104.33m, at which point 18.75% of the Revenue part
will vest, rising to £110.35m on a straight-line basis at which point 75% of
the Revenue Part will vest and thereafter on a straight-line basis to 100%
vesting for the Company's revenue for the 2027 financial year being £113.44m.

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a.  Name                                      David Meaden
 2.  Reason for the notification
 a.  Position/status                           Chief Executive Officer
 b.  Initial notification /Amendment           Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                      Idox plc
 b.  LEI                                       213800Z3FE6PWVSUGE70
 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
 b.  Nature of the transaction                 Conditional Award of Ordinary Shares
 c.  Price(s) and volume(s)                    Price(s)  Volume(s)
                                               n/a       599,110
 d.  Aggregated information                    Price(s)  Volume(s)

· Aggregated volume                      n/a       599,110

· Price
 e.  Date of the transaction                   7 March 2025
 f.  Place of the transaction                  Outside a trading venue

d.

Aggregated information

· Aggregated volume

· Price

 Price(s)  Volume(s)
 n/a       599,110

e.

Date of the transaction

7 March 2025

f.

Place of the transaction

Outside a trading venue

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a.  Name                                      Anoop Kang
 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                                      Idox plc
 b.  LEI                                       213800Z3FE6PWVSUGE70
 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
 b.  Nature of the transaction                 Conditional Award of Ordinary Shares
 c.  Price(s) and volume(s)                    Price(s)  Volume(s)
                                               n/a       470,729
 d.  Aggregated information                    Price(s)  Volume(s)

· Aggregated volume                      n/a       470,729

· Price
 e.  Date of the transaction                   7 March 2025
 f.  Place of the transaction                  Outside a trading venue

d.

Aggregated information

· Aggregated volume

· Price

 Price(s)  Volume(s)
 n/a       470,729

e.

Date of the transaction

7 March 2025

f.

Place of the transaction

Outside a trading venue

 

 

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a.  Name                                      Jonathan Ledgon
 2.  Reason for the notification
 a.  Position/status                           Chief Operating Officer
 b.  Initial notification /Amendment           Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                      Idox plc
 b.  LEI                                       213800Z3FE6PWVSUGE70
 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
 b.  Nature of the transaction                 Conditional Award of Ordinary Shares
 c.  Price(s) and volume(s)                    Price(s)  Volume(s)
                                               n/a       470,729
 d.  Aggregated information                    Price(s)  Volume(s)

· Aggregated volume                      n/a       470,729

· Price
 e.  Date of the transaction                   7 March 2025
 f.  Place of the transaction                  Outside a trading venue

d.

Aggregated information

· Aggregated volume

· Price

 Price(s)  Volume(s)
 n/a       470,729

e.

Date of the transaction

7 March 2025

f.

Place of the transaction

Outside a trading venue

 

 

The relevant notifications set out below are provided in accordance with the
requirements of Article 19 of the EU Market Abuse Regulation.

 

 

For further information please contact:

 

 Idox plc                               +44 (0) 333 011 1200
 Chris Stone, Non-Executive Chairman    investorrelations@idoxgroup.com
 David Meaden, Chief Executive Officer
 Anoop Kang, Chief Financial Officer

 Peel Hunt LLP (NOMAD and Broker)       +44 (0) 20 7418 8900
 Benjamin Cryer
 Kate Bannatyne
 Adam Telling

 MHP Group                              + 44 (0) 7885 447944
 Reg Hoare                               idox@mhpgroup.com (mailto:idox@mhpgroup.com)
 Ollie Hoare
 Matthew Taylor
 Finn Taylor

 

About Idox plc

For more information see www.idoxplc.com
(https://protect.checkpoint.com/v2/___http:/www.idoxplc.com/___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzpiY2Q4NWQwMjU5YzAyM2Y3ZDBlNzg1MGZjMDI1OWE2NDo2OmZjZGU6YTg3NTJkNTZjMmZhNzIyZWI1MGM2ZDcwYmFmNjNlMjk0NzgxYTVjYTlkMmZlMGQyNjVlZjYxZGQxMzQ4ZjZhODpwOkY6Tg)
@Idoxgroup

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