REG - Network Intnl Hldgs - Director/PDMR Shareholding

Network International HoldingsAnnouncement

26/04/2024 07:00

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RNS Number : 1837M  Network International Holdings PLC  26 April 2024

26 April 2024

Network International Holdings plc

("Network International" or the "Company")

Notification and public disclosure of LTIP Awards to Directors and Persons
Discharging Managerial Responsibilities ("PDMR")

 

This announcement is made in accordance with Article 19 of the Market Abuse
Regulation ('MAR') and relates to the acquisition of shares by the following
Executive Directors, who are also PDMRs, under the Company's Long Term
Incentive Plan ('LTIP').

These awards relate to the 2021 LTIP and are referred to in the Group's 2023
Annual Report and Accounts. The awards were conditional on continued
employment with the Group and on the satisfaction of the performance
conditions approved by the Remuneration Committee, which (after tax on the
gross award) must be retained until the shareholding requirement is met, and
in any event for Executive Directors two years after receipt. These awards are
subject to malus and clawback provisions.

A copy of the FCA notification form in respect of vesting of the award to each
PDMR, as required under the EU Market Abuse Regulation and in the prescribed
format, is set out below.

Notification of a Transaction pursuant to Article 19(3) of the EU Market Abuse
Regulation No 596/2014.

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Nandan Mer
 2   Reason for the notification
 a)  Position/status                                              Group Chief Executive Officer
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Network International Holdings plc
 b)  LEI                                                          213800XVRNKWENNLKK60
 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  Shares

GB00BH3VJ782
     Identification code
 b)  Nature of the transaction                                    Vesting of shares in respect of the Long Term Incentive Plan ('LTIP') 2021
                                                                  award.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  0.00      110136 ordinary shares
 d)  Aggregated information

- Aggregated volume
 110136
     - Price                                                       0.00
 e)  Date of the transaction                                      26 April 2024
 f)  Place of the transaction                                     London Stock Exchange, Main Market

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

   110136
   0.00

e)

Date of the transaction

26 April 2024

f)

Place of the transaction

London Stock Exchange, Main Market

 

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Rohit Malhotra
 2   Reason for the notification
 a)  Position/status                                              Group Chief Financial Officer & Group Chief Strategy Officer
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Network International Holdings plc
 b)  LEI                                                          213800XVRNKWENNLKK60
 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  Shares

GB00BH3VJ782
     Identification code
 b)  Nature of the transaction                                    Vesting of shares in respect of the Long Term Incentive Plan ('LTIP') 2021
                                                                  award.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  0.00      61,069 ordinary shares
 d)  Aggregated information

- Aggregated volume
 61069
     - Price                                                       0.00
 e)  Date of the transaction                                      26 April 2024
 f)  Place of the transaction                                     London Stock Exchange, Main Market

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

   61069
   0.00

e)

Date of the transaction

26 April 2024

f)

Place of the transaction

London Stock Exchange, Main Market

 

 

Enquiries

 

 Network International

 Jay Razzaq: Chief Risk Officer & Group Company Secretary                        jay.razzaq@network.global
 Amie Gramlick: Senior Vice President Finance - FP&A and Investor Relations      InvestorRelations@Network.Global

Media enquiries

Teneo
NetworkInternational@Teneo.com

Anthony Di Natale, Andy Parnis

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