REG - Marks Electrical Grp - Director/PDMR Shareholding

Marks ElectricalAnnouncement

15/09/2023 07:00

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RNS Number : 5265M  Marks Electrical Group plc  15 September 2023

Marks Electrical Group plc

(the "Company")

Director/PDMR Shareholding

 

Notification of transactions by persons discharging managerial
responsibilities ("PDMR") and persons closely associated with them

 

The following notification made under article 19.1 of the Market Abuse
Regulation ("MAR") relates to the award of a share option to a PDMR on 14
September 2023 under the Marks Electrical Group plc Performance Share Plan
("PSP"). This announcement is made in accordance with Article 19.3 of MAR.

 

An award of an option to acquire 424,242 ordinary shares with an exercise
price of £0.01 per share was made to Josh Egan, a director and PDMR. The
number of shares over which the option was awarded has been calculated by
reference to the closing middle market quotation of the ordinary shares
derived from the Daily Official List on the dealing day preceding the date of
grant (£0.99).

 

The option is subject to the rules of the PSP and will vest depending on
performance against adjusted earnings per share, total shareholder return and
cash flow targets as measured over a three-year performance period.

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                     Josh Egan
 2   Reason for the notification
 a)  Position/Status:                          PDMR (Chief Financial Officer)

 b)  Initial Notification/Amendment:           Initial Notification

 3   Details of the issuer, emission allowance market participation, auction
     platform, auctioneer or auction monitor
 a)  Name:                                     Marks Electrical Group plc
 b)  LEI:                                      2138007KN8TKPIXIQE92
 4.  Details of 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:  Ordinary Shares of 1 pence each

 b)  Identification code:                      ISIN: GB00BM8Q5G47
 b)  Nature of the transaction:                Grant of option award pursuant to the Marks Electrical Group plc Performance

                                         Share Plan

 c)  Price(s) and volume(s):

Price   Volume
                                               £0.99   424,242

 
 d)  Aggregated volume:                        Single Transaction

     Price:
 e)  Date of the Transaction:                  2023-09-14
 f)  Place of the Transaction:                 XOFF: off-market transaction

 

d)

Aggregated volume:

Price:

Single Transaction

e)

Date of the Transaction:

2023-09-14

f)

Place of the Transaction:

XOFF: off-market transaction

 

 

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