REG - National World PLC - VCP vesting and Director/PDMR Shareholding

National WorldAnnouncement

18/04/2023 10:45

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RNS Number : 5947W  National World PLC  18 April 2023

National World plc

18 April 2023

 

National World plc

 

("National World")

 

Completion of 2019 Value Creation Plan

and

Notification of transactions by PDMRs

 

National World announces that on 17 April 2023 awards in the form of nominal
cost options over a total of 12,663,363 new ordinary shares vested pursuant to
the terms of the 2019 Value Creation Plan (VCP) including awards to two
executive directors as detailed below:

 

 Name              Position                  Awards vested/shares issued
 David Montgomery  Executive Chairman        4,432,177
 Mark Hollinshead  Chief Commercial Officer  3,799,009

 

Within the total above, 4,432,177 awards to Vijay Vaghela, a director until
September 2022 and deemed a good leaver, also vested.

 

The VCP was put in place on Admission in September 2019 to support the
delivery of the Company's strategy, to retain the lead executives and reward
them for driving its successful delivery. The overall effect of the VCP was
that the participants together were able to earn Ordinary Shares equivalent in
value to 10% of any equity value created above an 8% compound annual growth
rate based on the measurement of absolute total shareholder return generated
over the VCP performance period. The share testing period for the VCP ended on
14 April 2023. Further information on the VCP is set out in our 2022 annual
report.

 

The information set out below is provided in accordance with the requirements
of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:

 UPDATE

 

 1.  Details of PDMR / person closely associated
 a)  Name                                             David Montgomery
 2.  Reason for the notification
 a)  Position / status                                Executive Chairman
 b)  Initial notification /amendment                  Initial notification
 3.  Details of the issuer
 a)  Name                                             National World plc
 b)  LEI                                              213800NL4ICLKYSYU749
 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          Ordinary Shares of 0.1p par value
 b)  Identification code of the Financial Instrument  GB00BJN5J635
 c)  Nature of the transaction                        Grant of options
 d)  Price(s) and volume(s)                           Price  Volume
                                                      0.1p   4,432,177
 f)  Date of the transaction                          17 April 2023
 g)  Place of the transaction                         XLON

f)

Date of the transaction

17 April 2023

g)

Place of the transaction

XLON

 

 1.  Details of PDMR / person closely associated
 a)  Name                                             Mark Hollinshead
 2.  Reason for the notification
 a)  Position / status                                Chief Commercial Officer
 b)  Initial notification /amendment                  Initial notification
 3.  Details of the issuer
 a)  Name                                             National World plc
 b)  LEI                                              213800NL4ICLKYSYU749
 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          Ordinary Shares of 0.1p par value
 b)  Identification code of the Financial Instrument  GB00BJN5J635
 c)  Nature of the transaction                        Grant of options
 d)  Price(s) and volume(s)                           Price  Volume
                                                      0.1p    3,799,009
 f)  Date of the transaction                          17 April 2023
 g)  Place of the transaction                         XLON

f)

Date of the transaction

17 April 2023

g)

Place of the transaction

XLON

 

 

Enquiries:

National World plc

Douglas Easton

c/o Montfort Communications

 

Montfort Communications

Olly Scott

+44 (0)78 1234 5205

 

 

 

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