REG - Merit Group PLC - Director/PDMR Shareholding

MeritAnnouncement

28/01/2022 07:00

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RNS Number : 9045Z  Merit Group PLC  28 January 2022

28 January 2022

 

Merit Group plc

 

("Merit", the "Company" or "the Group")

 

Director/PDMR Shareholding

 

The Board of Merit Group plc (AIM: MRIT), the data and intelligence business,
today announces that it has granted options ("Options") over ordinary shares
of 28 pence each in the Company ("Ordinary Shares") to the following executive
directors pursuant to the Company's Performance Share Plan ("PSP"), details of
which were announced on 17 November 2021.

 

The Options ordinarily become exercisable on the third anniversary of the date
of announcement of the intention to grant. The performance condition for full
vesting of the Proposed Options is based on the share price of the Company
increasing by 100% from the closing price on the day prior to approval of the
intention to grant the Proposed Options, which was 50.5 pence.

 

 

The Company has established an Employee Benefit Trust which the Company has
committed to fund so that it can buy Ordinary Shares in the market to satisfy
the exercise of the Proposed Options.

 

Details of the Options awarded are as follows:

 

 Director        Position                 Number of PSP Options granted
 David Beck      Chief Executive Officer  762,376
 Philip Machray  Chief Financial Officer  658,415

 

For further information, please contact:

 

 Merit Group plc                                         020 7593 5500

 Mark Smith - Chairman

 David Beck - CEO

 www.meritgroupplc.com (http://www.meritgroupplc.com/)

 Canaccord Genuity Limited (Nomad and Broker)            020 7523 8150

 Bobbie Hilliam

 Georgina McCooke

 

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                                                         David Beck

 2    Reason for the notification

 a)   Position/status                                              CEO

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 C)   Name                                                         Merit Group plc

 b)   LEI                                                          213800HG65J6TYGNJU20

 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 instrument

                                                                   Options over ordinary shares of 28p each

      Identification code

                                                                   ISIN: GB00BNYKJJ86
 b)   Nature of the transaction                                    Award of Options

 c)   Price(s) and volume(s)

Price (p)  Volume
                                                                   nil        762,376

 
 d)   Aggregated information

      - Aggregated volume                                          n/a (single transaction)

      - Price

 e)   Date of the transaction                                      27 January 2022

 f)   Place of the transaction                                     AIMX

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

n/a (single transaction)

 

 

e)

 

Date of the transaction

 

27 January 2022

f)

 

Place of the transaction

 

AIMX

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Philip Machray

 2    Reason for the notification

 a)   Position/status                                              CFO

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 C)   Name                                                         Merit Group plc

 b)   LEI                                                          213800HG65J6TYGNJU20

 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 instrument

                                                                   Options over ordinary shares of 28p each

      Identification code

                                                                   ISIN: GB00BNYKJJ86
 b)   Nature of the transaction                                    Award of Options

 c)   Price(s) and volume(s)

Price (p)  Volume
                                                                   nil        658,415

 
 d)   Aggregated information

      - Aggregated volume                                          n/a (single transaction)

      - Price

 e)   Date of the transaction                                      27 January 2022

 f)   Place of the transaction                                     AIMX

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

n/a (single transaction)

 

 

e)

 

Date of the transaction

 

27 January 2022

f)

 

Place of the transaction

 

AIMX

 

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