REG - Johnson Service Grp. - PDMR Shareholding - Grant of Share Options

Johnson ServiceAnnouncement

05/03/2025 16:30

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RNS Number : 5196Z  Johnson Service Group PLC  05 March 2025

5 March 2025

AIM: JSG

Johnson Service Group PLC

PDMR Shareholding - Grant of Share Options

 

Johnson Service Group PLC (the "Company") announces that on 5 March 2025 it
granted nil cost options to certain employees over ordinary shares of 10 pence
each in the Company under the Johnson Service Group 2018 Long-Term Incentive
Plan ("2018 LTIP Scheme") (the "2025 LTIP Award").

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

 Executive Director  Position  No. of 2025 LTIP

                               Awards Granted
 Peter Egan          CEO       510,366
 Yvonne Monaghan     CFO       319,168

The 2025 LTIP Award options may be exercised on or after 5 March 2028, subject
to the satisfaction of performance conditions over the three financial years
ending 31 December 2027 (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 2025 LTIP Award participants will
be entitled to receive dividend equivalents on any 2025 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 2027. 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 award to 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) (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 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. Vesting will be on a
straight-line basis between median and upper quartile.

Earnings Per Share

The remaining 50 per cent of the 2025 LTIP Award will vest by reference to
growth in the Company's adjusted fully diluted earnings per share from
continuing operations ('EPS') over the Performance Period above the level of
EPS achieved in the financial year ended 31 December 2024. None of this
element of the award will vest if EPS growth (on a CAGR basis) is less than 9
per cent per annum over the performance period; one quarter will vest for EPS
growth of 9 per cent per annum; and the whole of this element will vest if EPS
growth is 16 per cent per annum or greater over the performance period.
Vesting will be on a straight-line basis between these points.

Further Holding Period

The 2025 LTIP Award is subject to an additional holding period of two years
from the date on which the 2025 LTIP Award vests (the "Holding
Period"). During the Holding Period, the 2025 LTIP Award holder may not
normally dispose of any of the shares which vest except in certain limited
circumstances, as specified in the LTIP Rules, including, amongst other
things, to cover any income tax or social security contributions arising on
the exercise of the 2025 LTIP Award and transfers to the 2025 LTIP Award
holder's spouse or civil partner.

Malus, Clawback and Remuneration Committee Discretion

The 2025 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 2025 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

 Yvonne Monaghan, CFO

 Tel:  01928 704 600

 Investec Investment Banking (NOMAD)  Camarco (Financial PR)

 David Flin                           Ginny Pulbrook

 Virginia Bull                        Letaba Rimell

 William Brinkley

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

 

 

 

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   510,366

 d)  Aggregated price and volume                    Grant of 510,366 options over ordinary shares of 10 pence each at an exercise

                                              price of £nil

 e)  Date of the transaction                        5 March 2025

 f)  Place of the transaction                       Outside of a trading platform

d)

Aggregated price and volume

 

Grant of 510,366 options over ordinary shares of 10 pence each at an exercise
price of £nil

e)

Date of the transaction

 

5 March 2025

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                                           Yvonne Monaghan

 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   319,168

 d)  Aggregated price and volume                    Grant of 319,168 options over ordinary shares of 10 pence each at an exercise

                                              price of £nil

 e)  Date of the transaction                        5 March 2025

 f)  Place of the transaction                       Outside of a trading platform

d)

Aggregated price and volume

 

Grant of 319,168 options over ordinary shares of 10 pence each at an exercise
price of £nil

e)

Date of the transaction

 

5 March 2025

f)

Place of the transaction

 

Outside of a trading platform

 

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