REG - Nexus Infrastructure - Director/PDMR Shareholding

Nexus InfrastructureAnnouncement

18/01/2022 17:25

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RNS Number : 8707Y  Nexus Infrastructure PLC  18 January 2022

18 January 2022

 

Nexus Infrastructure plc

("Nexus" or the "Company")

Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)

 

Nexus announces the vesting on 14(th) January 2022 of the following awards
granted under the Nexus Infrastructure plc Long Term Incentive Plan (LTIP) by
PDMRs.  The awards, in the form of conditional nil-cost options over ordinary
shares of £0.02 each in the Company ("Ordinary Shares"), were granted on
14(th) January 2019 (2019 LTIP).  Vesting was subject to various performance
conditions including average annual compound earnings per share growth and
total shareholder return relative to a comparator group, as a result 12 per
cent. of the eligible 2019 LTIP awards vested on 14(th) January 2022.

 

The following PDMRs received Ordinary Shares under the 2019 LTIP:

 Recipient        Job Title                           Number of Ordinary Shares*
 Alan Martin      Chief Financial Officer             14,694
 Dawn Hillman     Company Secretary                   4,702
 Charles Sweeney  Chief Operating Officer             9,749
 David Topping    Managing Director, TriConnex        9,520
 Robert Kendal    Managing Director, Tamdown          8,614
 Simon Gallagher  Managing Director, eSmart Networks  5,106

 

* No consideration was payable to receive these Ordinary Shares under the 2019
LTIP.

Michael Morris, Chief Executive Officer, who currently is a 22.2% shareholder
in Nexus, has voluntarily surrendered his 2019 LTIP awards and they have now
lapsed.  The Board's Remuneration Committee has agreed that Michael Morris
will be paid the cash equivalent of 20,664 Ordinary Shares due to him under
the original 2019 LTIP based on prevailing share price.  This approach (which
is the same as that taken last year in relation to Michael Morris' 2018 LTIP
awards) has been taken as under the Takeover Code, Michael Morris and his
concert party (the "Morris Concert Party") are precluded from acquiring
additional shares in Nexus due to the implications of Rule 9 of the Takeover
Code. The Company intends, in the future, to adopt a similar approach in
relation to LTIP awards that have been made to Michael Morris or that would be
made but for the implications of Rule 9 of the Takeover Code.

 

Total voting rights

An application has been made to the London Stock Exchange for admission of
81,139 new Ordinary Shares to trading on AIM on 21(st) January 2022
("Admission") in relation to the 2019 LTIP. Following Admission, the total
number of Ordinary Shares in issue in the Company will be 45,481,904. Nexus
does not hold any shares in treasury, and, therefore, following Admission, the
total number of voting shares in Nexus in issue will be 45,481,904. This
figure may be used by shareholders as the denominator for the calculations by
which they determine if they are required to notify their interest in, or a
change to their interest in, the Company under the FCA's Disclosure and
Transparency Rules.

 

This notification is made in accordance with the requirements of the Market
Abuse Regulation.

 

Dawn Hillman

Company Secretary

Nexus Infrastructure
plc
Tel : 01376 559550

 

 

 

 1)  Details of the person discharging managerial responsibility
 a)  Name                                                         Alan Martin
 2   Reason for the notification
 a)  Position/status                                              Chief Financial Officer
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Nexus Infrastructure plc
 b)  LEI                                                          213800PUGVLUONLG9Y20
 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  Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

     Identification code
 b)  Nature of the transaction                                    Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc
                                                                  Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       14,694

 
 d)  Aggregated information                                       Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      14(th) January 2022
 f)  Place of the transaction                                     Outside of Trading Venue

 

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14(th) January 2022

f)

Place of the transaction

Outside of Trading Venue

 

 

 1)  Details of the person discharging managerial responsibility
 a)  Name                                                         Dawn Hillman
 2   Reason for the notification
 a)  Position/status                                              Company Secretary
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Nexus Infrastructure plc
 b)  LEI                                                          213800PUGVLUONLG9Y20
 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  Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

     Identification code
 b)  Nature of the transaction                                    Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc
                                                                  Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       4,702

 
 d)  Aggregated information                                       Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      14(th) January 2022
 f)  Place of the transaction                                     Outside of Trading Venue

 

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14(th) January 2022

f)

Place of the transaction

Outside of Trading Venue

 

 

 1)  Details of the person discharging managerial responsibility
 a)  Name                                                         Charles Sweeney
 2   Reason for the notification
 a)  Position/status                                              Chief Operating Officer
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Nexus Infrastructure plc
 b)  LEI                                                          213800PUGVLUONLG9Y20
 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  Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

     Identification code
 b)  Nature of the transaction                                    Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc
                                                                  Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       9,749

 
 d)  Aggregated information                                       Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      14(th) January 2022
 f)  Place of the transaction                                     Outside of Trading Venue

 

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14(th) January 2022

f)

Place of the transaction

Outside of Trading Venue

 

 

 1)  Details of the person discharging managerial responsibility
 a)  Name                                                         David Topping
 2   Reason for the notification
 a)  Position/status                                              Managing Director, TriConnex Ltd
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Nexus Infrastructure plc
 b)  LEI                                                          213800PUGVLUONLG9Y20
 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  Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

     Identification code
 b)  Nature of the transaction                                    Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc
                                                                  Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       9,520

 
 d)  Aggregated information                                       Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      14(th) January 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM

 

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14(th) January 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 1)  Details of the person discharging managerial responsibility
 a)  Name                                                         Robert Kendal
 2   Reason for the notification
 a)  Position/status                                              Managing Director, Tamdown Group Ltd
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Nexus Infrastructure plc
 b)  LEI                                                          213800PUGVLUONLG9Y20
 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  Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

     Identification code
 b)  Nature of the transaction                                    Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc
                                                                  Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       8,614

 
 d)  Aggregated information                                       Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      14(th) January 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM

 

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14(th) January 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 1)  Details of the person discharging managerial responsibility
 a)  Name                                                         Simon Gallagher
 2   Reason for the notification
 a)  Position/status                                              Managing Director, eSmart Networks Ltd
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Nexus Infrastructure plc
 b)  LEI                                                          213800PUGVLUONLG9Y20
 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  Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

     Identification code
 b)  Nature of the transaction                                     Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc
                                                                  Long Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       5,106

 
 d)  Aggregated information                                       Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      14(th) January 2022
 f)  Place of the transaction                                     London Stock Exchange, AIM

 

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14(th) January 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

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