REG - Johnson Service Grp. - Director/PDMR Shareholding

Johnson ServiceAnnouncement

Tue 12:45

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RNS Number : 9468E  Johnson Service Group PLC  19 May 2026

19 May 2026

TIDM: JSG

Johnson Service Group PLC

PDMR Shareholding - Grant of Share Options

 

Johnson Service Group PLC (the "Company") announces that, following
shareholder approval of the Directors' Remuneration Policy at the Company's
Annual General Meeting held on 7 May 2026, which received over 98 per cent
votes in favour, on 18 May 2026 it granted nil cost options over ordinary
shares of 10 pence each in the Company to certain employees under the Johnson
Service Group 2018 Long-Term Incentive Plan ("2018 LTIP Scheme") (the "2026
LTIP Award").

The number of options granted to each of the Executive Directors are as
follows:

 Executive Director  Position  No. of 2026 LTIP

                               Awards Granted
 Peter Egan          CEO       663,568
 Ryan Govender       CFO       400,092

The 2026 LTIP Award options may be exercised on or after 18 May 2029, subject
to the satisfaction of performance conditions over the three financial years
ending 31 December 2028 (the "Performance Period") and are exercisable up to
ten years from the date of grant (for participating employees in the United
Kingdom) or up to seven years from the date of grant (for participating
employees in the Republic of Ireland). The 2026 LTIP Award participants will
be entitled to receive dividend equivalents on any 2026 LTIP Award options
which vest.

Performance Conditions and Vesting

In determining the applicable performance conditions, the Remuneration
Committee has taken into account the Group's business plan as well as the
outlook for the sector, general macroeconomic conditions and, to the extent
available, the range of analysts' consensus forecasts for the financial year
ending 31 December 2028. Following careful consideration, the Remuneration
Committee has agreed two separate performance targets. The specific
performance conditions are set out below.

Total Shareholder Return

50 per cent of the 2026 LTIP Award will vest by reference to the Company's
total shareholder return ("TSR") performance relative to that of the
constituents of the FTSE 250 (excluding investment trusts) index (the
"Comparator Group") over the Performance Period. None of this element will
vest if the Company's TSR positions it below the median of the Comparator
Group; one quarter of this element will vest if the Company's TSR is equal to
the median of the Comparator Group; and the whole of this element will vest if
the Company's TSR is at the upper quartile level or above when compared to the
Comparator Group. Where the Company's TSR positions it between the median and
upper quartile of the Comparator Group, vesting will be on a straight-line
basis between one-quarter and the whole of this element.

Cumulative Earnings Per Share

The remaining 50 per cent of the 2026 LTIP Award will vest by reference to the
Company's cumulative adjusted fully diluted earnings per share from continuing
operations ("Cumulative EPS") at the end of the Performance Period. None of
this element of the 2026 LTIP Award will vest if Cumulative EPS is less than
42 pence at the end of the Performance Period; one quarter of this element
will vest if Cumulative EPS is 42 pence at the end of the Performance Period;
and the whole of this element will vest if Cumulative EPS is 48 pence or more
at the end of the Performance Period. Where Cumulative EPS is between 42 pence
and 48 pence at the end of the Performance Period, vesting will be on a
straight-line basis between one-quarter and the whole of this element.

Further Holding Period

For Executive Directors, the 2026 LTIP Award is subject to an additional
holding period of two years from the date on which the 2026 LTIP Award vests
(the "Holding Period"). During the Holding Period, holders of the Executive
Directors' 2026 LTIP Awards may not normally dispose of any shares that vest,
except in certain limited circumstances specified in the rules of the 2018
LTIP Scheme, including, amongst other things, to cover any income tax or
social security contributions arising on the exercise of the Executive
Directors' 2026 LTIP Awards and transfers to the award holder's spouse or
civil partner.

Malus, Clawback and Remuneration Committee Discretion

The 2026 LTIP Award will be subject to the 2018 LTIP Scheme rules. In line
with its Remuneration Policy, the Remuneration Committee can apply malus and
clawback provisions to the 2026 LTIP Award and has discretion to vary
formulaic outturns where they do not reflect underlying performance or are
inappropriate in the context of unexpected or unforeseen circumstances.

 

 Enquiries:
 Johnson Service Group PLC

 Peter Egan, CEO

 Ryan Govender, CFO

 Tel:  01928 704 600

 Investec Bank Plc          Camarco (Financial PR)

 David Flin                 Ginny Pulbrook

 Virginia Bull              Letaba Rimell

 Tom Brookhouse

 Tel:  020 7597 5970        Tel:  020 3757 4992 / 4981

 

LEI: 2138004WZUPWV53KWV11

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                           Peter Egan

 2.  Reason for the Notification
 a)  Position / Status                              Chief Executive Officer / PDMR

 b)  Initial Notification / Amendment               Initial notification

 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Entity legal name                              Johnson Service Group PLC

 b)  Entity LEI                                     2138004WZUPWV53KWV11

 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 securities                  Options over ordinary shares of 10 pence each

     Identification code                            GB0004762810

 b)  Nature of the transaction                      Grant of options

 c)  Individual transaction price(s) and volume(s)  Price  Volume

                                              £nil   663,568

 d)  Aggregated price and volume                    Grant of 663,568 options over ordinary shares of 10 pence each at an exercise

                                              price of £nil

 e)  Date of the transaction                        18 May 2026

 f)  Place of the transaction                       Outside of a trading platform

d)

Aggregated price and volume

 

Grant of 663,568 options over ordinary shares of 10 pence each at an exercise
price of £nil

e)

Date of the transaction

 

18 May 2026

f)

Place of the transaction

 

Outside of a trading platform

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                           Ryan Govender

 2.  Reason for the Notification
 a)  Position / Status                              Chief Financial Officer / PDMR

 b)  Initial Notification / Amendment               Initial notification

 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Entity legal name                              Johnson Service Group PLC

 b)  Entity LEI                                     2138004WZUPWV53KWV11

 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 securities                  Options over ordinary shares of 10 pence each

     Identification code                            GB0004762810

 b)  Nature of the transaction                      Grant of options

 c)  Individual transaction price(s) and volume(s)  Price  Volume

                                              £nil   400,092

 d)  Aggregated price and volume                    Grant of 400,092 options over ordinary shares of 10 pence each at an exercise

                                              price of £nil

 e)  Date of the transaction                        18 May 2026

 f)  Place of the transaction                       Outside of a trading platform

d)

Aggregated price and volume

 

Grant of 400,092 options over ordinary shares of 10 pence each at an exercise
price of £nil

e)

Date of the transaction

 

18 May 2026

f)

Place of the transaction

 

Outside of a trading platform

 

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