Numis Corporation - Grant of awards under 2021 LTIP
19/01/2023 07:00
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RNS Number : 1878N Numis Corporation PLC 19 January 2023
Numis Corporation Plc ("Numis")
Grant of awards under 2021 Long Term Incentive Plan (LTIP)
and
Notification of transactions by PDMRs
The Board announces that on 18 January 2023 the Company granted 2,056,073
performance shares under the Numis Corporation Long Term Incentive Plan 2021
("Awards") to the Executive Directors of the Company. The grant of these
Awards is in line with the Remuneration policy set out in the Company's latest
Annual Report published on 16 December 2022.
Director Award shares
Alex Ham 887,850
Ross Mitchinson 887,850
Andrew Holloway 280,373
The vesting of the Award shares is conditional on meeting performance
conditions measured over a three-year period as described below. The Awards
are subject to a further one year holding period during which vested awards
cannot be sold.
Performance conditions
The Awards are subject to total shareholder return ("TSR") growth measures.
TSR growth will be calculated as the difference between the 3 month average
return index immediately before the start of the performance period and the
average return index performance over the final 12 months of the 3 year
performance period.
TSR Performance target Percentage of Award vesting
Below 6% 0%
6% p.a. 25%
6% - 20% p.a Between 25% and 100% on a straight-line basis
20% p.a. 100%
Awards will also be subject to an underpin whereby the Remuneration Committee
will need to be satisfied that vesting is warranted based on financial,
compliance, culture and risk performance over the performance period including
an assessment of Numis' financial performance when measured against its peers,
over the performance period.
Shareholding requirement
Shareholding requirements are in place and the Executive Directors are
required to retain a percentage of their salary in shares. The shareholding
requirement will also continue one year post cessation.
Director Percentage of salary
Alex Ham 500%
Ross Mitchinson 500%
Andrew Holloway 200%
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES (PDMR) AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibility / person closely
associated
a) Name Alexander Ham
2 Reason for the notification
a) Position/status PDMR (Joint 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 Numis Corporation Plc
b) LEI 213800AREEDZZCNBHD25
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 Share options
Identification code Ordinary share ISIN : GB00B05M6465
b) Nature of transaction Grant of options over the ordinary share capital of the Company under the 2021
Long Term Incentive Plan (2021 LTIP)
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 887,850
d) Aggregated information
Aggregated volume 887,850
Price Nil cost
e) Date of transaction 18 January 2023
f) Place of transaction UK, London Stock Exchange
1 Details of the person discharging managerial responsibility / person closely
associated
a) Name Ross Mitchinson
2 Reason for the notification
a) Position/status PDMR (Joint 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 Numis Corporation Plc
b) LEI 213800AREEDZZCNBHD25
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 Share options
Identification code Ordinary share ISIN : GB00B05M6465
b) Nature of transaction Grant of options over the ordinary share capital of the Company under the 2021
Long Term Incentive Plan (2021 LTIP)
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 887,850
d) Aggregated information
Aggregated volume 887,850
Price Nil cost
e) Date of transaction 18 January 2023
f) Place of transaction UK, London Stock Exchange
1 Details of the person discharging managerial responsibility / person closely
associated
a) Name Andrew Holloway
2 Reason for the notification
a) Position/status PDMR (Executive Director -Chief Finance Director)
b) Initial notification/amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Numis Corporation Plc
b) LEI 213800AREEDZZCNBHD25
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 Share options
Identification code Ordinary share ISIN : GB00B05M6465
b) Nature of transaction Grant of options over the ordinary share capital of the Company under the 2021
Long Term Incentive Plan (2021 LTIP)
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost 280,373
d) Aggregated information
Aggregated volume 280,373
Price Nil cost
e) Date of transaction 18 January 2023
f) Place of transaction UK, London Stock Exchange
The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014 which is part of UK law by virtue of the European Union (withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.
19 January 2023
END
Contacts
Numis:
Noreen Biddle-Shah, Head of Communications 020 7260 1441
FTI Consulting LLP:
Edward Bridges 07768 216 607
Daisy Hall 07807 298 568
Grant Thornton UK LLP (Nominated Adviser):
Philip Secrett 020 7728 2578
Harrison Clarke 020 7184 4384
Notes for editors
Numis (LON: NUM) is an international investment bank that partners with the
most ambitious companies and investors, offering strategic advice, unique
insights and connectivity to the capital markets.
Already a leader in the UK market, Numis is the adviser of choice for listed
companies, including one-fifth of the FTSE 350 index(( 1 )), with an average
market capitalisation of £1.0bn(( 2 )), and has acted on the most UK IPOs
over the past decade.
Since 2016, Numis has diversified its strategy to grow its UK M&A
franchise, expand internationally and develop its private markets business,
which combined now represent more than half of investment banking
revenues(( 3 )).
Numis is listed on London's AIM and has offices in London, New York and
Dublin.
1 Corporate client base includes 68 companies out of the FTSE 350, ie
one-fifth. - Numis data (30 September 2022).
2 Average market capitalisation of corporate client base £1.0bn. - Numis
data (30 September 2022).
3 53% as at year end 2022. - Numis data (30 September 2022).
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