REG - Keywords Studios PLC - Director/PDMR Shareholding

Keywords StudiosAnnouncement

06/10/2022 07:00

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RNS Number : 9511B  Keywords Studios PLC  06 October 2022

6 October 2022

 

Keywords Studios plc ("Keywords Studios", "the Company")

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

Exercise and Sale of Conditional Awards

Keywords Studios, the international technical services provider to the global
video games industry, today announces the exercise of options over a total of
43,796 ordinary shares of 1 pence each in the Company (the 'Conditional
Award') by Jon Hauck, Chief Financial Officer, and the sale of 31,346 ordinary
shares, as detailed below.

The Conditional Award was granted to Mr Hauck when he joined Keywords in 2019,
to compensate for the awards he forfeited on his departure from his prior
employment. Vesting of the Conditional Award was subject to the achievement of
performance conditions based on the Company's Total Shareholder Return ("TSR")
versus the FTSE Small Cap Index over the 3-year performance period, and full
vesting was achieved for exceeding the Index TSR by 20% over the performance
period.

Mr Hauck exercised 43,796 options over ordinary shares and sold 31,346 of
those ordinary shares, a significant number of which were to cover personal
income tax and other liabilities arising from the exercise of the Conditional
Award. Mr Hauck retained 12,450 ordinary shares (representing approximately
100% of his base salary) and these, together with his remaining 2019 LTIP
awards which have also vested in full, but have not been exercised, provide
the basis for the building of a long-term shareholding in line with the
Company's Executive Director shareholding guidelines (200% of base salary).

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated

 a)  Name                                              Jon Hauck

 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                                              Keywords Studios PLC

 b)  LEI                                               2138007VR9ZYCWS7VE12

 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  Ordinary shares of 1 pence each in Keywords Studios PLC (ISIN: GB00BBQ38507)

     instrument and identification code
 b)  Nature of the transaction                         1. Exercise of shares under the Keywords Studios Long Term Incentive Plan.

                                                       2. Sale of shares to satisfy tax withholding obligations and an additional
                                                       sale of shares.

 c)  Price(s) and volume(s)

Price(s)   Volume(s)
                                                       GBP 0.01   43,796

                                                 GBP 24.20  31,346

 d)  Aggregated information                            Aggregate volume of shares exercised: 43,796

     - Aggregated volume                               Aggregate price of shares exercised: GBP 437.96 (Total value)

     - Price

                                                       Aggregate volume of shares sold: 31,346

                                                       Aggregate price of shares sold: GBP 758,573.20 (Total value)

 e)  Date of the transaction                           2022-10-05 (UTC)

 f)  Place of the transaction                          London Stock Exchange, AIM (AIMX)

d)

Aggregated information

- Aggregated volume

- Price

Aggregate volume of shares exercised: 43,796

Aggregate price of shares exercised: GBP 437.96 (Total value)

 

Aggregate volume of shares sold: 31,346

Aggregate price of shares sold: GBP 758,573.20 (Total value)

 

e)

Date of the transaction

2022-10-05 (UTC)

 

f)

Place of the transaction

London Stock Exchange, AIM (AIMX)

 

 

ENDS

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