REG - Mobico Group PLC - Director/PDMR Shareholding
23/04/2024 15:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240423:nRSW7362La&default-theme=true
RNS Number : 7362L Mobico Group PLC 23 April 2024
MOBICO GROUP PLC
(the "Company")
Director/PDMR Share Awards and Share Purchase
The Company provides notification of the following transactions, all effected
on 22 April 2024, relating to the below named PDMRs and their interests in the
ordinary shares of nominal value 5p each in the capital of the Company
("Shares") (ISIN: GB0006215205).
The transactions arise in respect of:
i. the deferred vesting on 22 April 2024 of forfeitable Shares awarded to
Ignacio Garat and James Stamp on 27 March 2023 under the rules of the
Company's Executive Deferred Bonus Plan ("EDBP") in relation to the deferred
element of their 2022 annual bonuses, with such vesting being delayed from 27
March 2024 due to the Company being in a closed period until 22 April 2024;
ii. the immediate sale of a sufficient number of such forfeitable Shares
to cover tax and dealing cost liabilities arising on that vest; and
iii. the purchase of Shares by Mr Garat and Mr Stamp using the dividends
paid on their forfeitable Shares since 27 March 2023 (net of taxes and dealing
costs) (the "Dividend Amount").
Individual PDMR details are set out in the table below:
Name and position of PDMR Number of forfeitable Shares vested and sold as per (i) and (ii) above ¹ ² Number of shares purchased using the Dividend Amount as per (iii) (4) Total unrestricted beneficial interest held in Shares following the Total other
³ transactions (5)
interest held in
Shares following the transactions (6 7)
Ignacio Garat, Group Chief Executive Officer 252,093 vested of which 118,723 were sold to cover tax and dealing costs 15,601 274,659 1,193,263
James Stamp, Group Chief Financial Officer 31,595 vested of which 14,880 were sold to cover tax and dealing costs 1,925 73,032(8) 595,646
¹ The Shares sold comprise those sold to cover the immediate income tax,
social security and dealing cost liabilities arising on vesting of the
forfeitable Shares awarded under the EDBP.
² All Shares delivered to the individuals in relation to the forfeitable
Shares awarded under the EDBP are existing Shares delivered through the
Company's Employee Benefit Trust.
³ Malus and clawback will apply to the forfeitable Shares awarded under the
EDBP for two-years from the date of award, including post termination of
employment.
(4) PDMRs were entitled to receive dividends that were paid on the forfeitable
Shares awarded under the EDBP while they were held in the Employee Benefit
Trust during the vest period. The PDMRs agreed to use these dividends (after
deduction of taxes and dealing costs) to purchase additional shares in the
Company. The Shares purchased by the PDMRs were purchased at a share price of
£0.5695 per Share on the London Stock Exchange on 22 April 2024.
(5) Including those held by the PDMR's connected persons.
(6) Represents outstanding awards granted under the Company's Long-Term
Incentive Plan.
(7) The options granted under the Long-Term Incentive Plan on 22 March 2021
(which were due to vest on 22 March 2024) have lapsed in full.
(8)The previously reported number of shares beneficially owned by Mr Stamp was
54,464. This was a transcription error. The correct number of shares
beneficially owned by him prior to this announcement was 54,392. This
consisted of 4,108 shares acquired following the exercise of his 2018 LTIP
prior to being a director, 13,043 shares which he purchased in the placing on
6 May 2020 prior to him becoming a director and 37,241 shares which he
purchased in May and June 2023 as previously announced on 2 June 2023.
1. Details of PDMR / PCA
Full Name Ignacio Garat
Position / status Group Chief Executive Officer, PDMR
Initial notification / amendment Initial notification
2. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Name Mobico Group PLC
LEI 2
1
3
8
0
0
A
8
I
Q
E
M
Y
8
P
A
5
X
3
4
3. 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
Description of the financial instrument Ordinary shares of 5p each
Identification code GB0006215205
Nature of the transaction 1. Vest of 2023 share award under the Mobico Group PLC (the "Company")
Executive Deferred Bonus Plan ("EDBP");
2. Sale of sufficient shares from the 2023 share award under the Company's
EDBP to cover tax, social security and dealing cost liabilities; and
3. Purchase of shares.
Price(s) and volume(s) Price(s) Volume(s) Total
1. £ n/a 252,093 £0.00
2. £0.556618 118,723 £66,083.36
3. £0.5695 15,601 £8,884.77
Date of the transaction 22 April 2024
Place of the transaction 1. Off market
2. London Stock Exchange
3. London Stock Exchange
Date of the transaction
22 April 2024
Place of the transaction
1. Off market
2. London Stock Exchange
3. London Stock Exchange
1. Details of PDMR / PCA
Full Name James Stamp
Position / status Group Chief Financial Officer, PDMR
Initial notification / amendment Initial notification
2. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Name Mobico Group PLC
LEI 2
1
3
8
0
0
A
8
I
Q
E
M
Y
8
P
A
5
X
3
4
3. 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
Description of the financial instrument Ordinary shares of 5p each
Identification code GB0006215205
Nature of the transaction 1. Vest of 2023 share award under the Mobico Group PLC (the "Company")
Executive Deferred Bonus Plan ("EDBP");
2. Sale of sufficient shares from the 2023 share award under the Company's
EDBP to cover tax, social security and dealing cost liabilities; and
3. Purchase of shares.
Price(s) and volume(s) Price(s) Volume(s) Total
1. £ n/a 31,595 £0.00
2. £0.556618 14,880 £8,282.48
3. £0.5695 1,925 £1,096.29
Date of the transaction 22 April 2024
Place of the transaction 1.Off market
2. London Stock Exchange
3.London Stock Exchange
Date of the transaction
22 April 2024
Place of the transaction
1.Off market
2. London Stock Exchange
3.London Stock Exchange
The above notice is given in fulfilment of the Company's obligation under DTR
3.1 and Article 19 of the EU Market Abuse Regulation 596/2014 as incorporated
into UK domestic law by the European Union (Withdrawal) Act 2018.
- END -
Mobico Group contacts and telephone number for enquiries:
Simon Callander, Group General Counsel & Company Secretary
+44 (0) 7795 232 708
Gillian Saunderson, Deputy Company Secretary
+44 (0) 7471 142 961
Notes:
Legal Entity Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference to DTR6 Annex 1R)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHQKNBQNBKDFQBRecent news on Mobico
See all newsREG - Mobico Group PLC - Director/PDMR Shareholding
AnnouncementREG - Mobico Group PLC - Committee Changes
AnnouncementREG - Mobico Group PLC - 2023 Annual Report and Notice of 2024 AGM
AnnouncementREG - Mobico Group PLC - Director/PDMR Shareholding
AnnouncementREG - Mobico Group PLC - Holding(s) in Company
Announcement