REG - Pod Point Group Hdgs - Director/PDMR Shareholding

Pod Point groupAnnouncement

25/05/2023 14:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230525:nRSY6936Aa&default-theme=true

RNS Number : 6936A  Pod Point Group Holdings PLC  25 May 2023

25 May 2023

 

Pod Point Group Holdings plc

(the "Company" or "Pod Point")

Notification of Transactions by Persons Discharging Managerial
Responsibilities ('PDMRs')

 

The Company announces that, on 25 May 2023, it granted Nil Cost Options
("Options") over Ordinary Shares of £0.001 each in the Company ("Shares"), in
accordance with the Rules of the Pod Point Long Term Incentive Plan ("LTIP"),
to the Executive Directors of the Company.

 

Vesting of the Options is subject to the Rules of the LTIP and upon continued
employment to the normal vesting date and the achievement of the following
performance conditions:

 

 Measure                                                                 Weighting  Threshold (25% payable)                   Max (100% payable)
 Relative TSR vs FTSE Small Cap Index (excluding Investment Trusts)      25%        Median performance vs comparator group    Upper Quartile performance vs comparator group
 Adjusted EBITDA in FY25                                                 25%        £3m                                       £10m
 Operating free cash flow in FY25 (excluding financing and M&A)          25%        -£15.8m                                   -£6m
 The successful design, development and negotiation of an Energy Tariff  12.5%      Full attainment of the goals will be the successful launch of an energy tariff
 consumer market offering                                                           which is integrated with Pod Point's products and services and the provision
                                                                                    of direct benefit to consumers to reduce cost, consumption and carbon
                                                                                    intensity
 The signing of a 'grid load' management contract                        12.5%      Full attainment will be obtaining of a signed contract with a grid load
                                                                                    manager to provide load management services to maximise energy use efficiency

 

 

The number of Shares that will vest under the Options will depend upon the
extent to which the performance conditions have been achieved and the
discretion of the Remuneration Committee.

 

No consideration is payable on grant or vesting of the Options. The Options
will normally vest three years from the date of grant but are subject to an
additional two-year holding period from vesting.  They are also  subject to
malus and clawback provisions.

 

This notification is made in accordance with the requirements of Article 19 of
the UK Market Abuse Regulation.

 

 

 1.  Details of the PDMR
 a)  Name                                     Erik Fairbairn
 2.  Reason for notification
 a)  Position / status                        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                                     Pod Point Group Holdings plc
 b)  LEI                                      213800MY9U5MEDG21D89
 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 £0.001 each

     Identification code

                                              ISIN: GB00BNDRD100
 b)  Nature of the transaction                Grant of Nil Cost Option under the Long Term Incentive Plan
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                              £0.00     384,000

 d)  Aggregated information

     Aggregated volume                        N/A

     Price
 e)  Date of the transaction                  25 May 2023

 f)  Place of the transaction                 Outside of a trading venue

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

N/A

 

e)

Date of the transaction

25 May 2023

 

f)

Place of the transaction

Outside of a trading venue

 

 

 

 1.  Details of the PDMR
 c)  Name                                     David Wolffe
 2.  Reason for notification
 d)  Position / status                        Chief Financial Officer
 e)  Initial notification / amendment         Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Pod Point Group Holdings plc
 b)  LEI                                      213800MY9U5MEDG21D89
 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
 g)  Description of the financial instrument  Ordinary shares of £0.001 each

     Identification code                      ISIN: GB00BNDRD100
 h)  Nature of the transaction                Grant of Nil Cost Option under the Long Term Incentive Plan
 i)  Price(s) and volume(s)

Price(s)  Volume(s)
                                              £0.00     307,200

 j)  Aggregated information

     Aggregated volume                        N/A

     Price
 k)  Date of the transaction                  25 May 2023

 l)  Place of the transaction                 Outside of a trading venue

j)

Aggregated information

 

Aggregated volume

 

Price

 

 

N/A

 

k)

Date of the transaction

25 May 2023

 

l)

Place of the transaction

Outside of a trading venue

 

Anita Guernari

Company Secretary

 

Enquiries

 Teneo                                     +44 207 353 4200

(Public relations advisor to Pod Point)

                                           85fs.podpoint@teneo.com
 Mark Burgess, Matt Low, Arthur Rogers

 

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  DSHBDGDUCSDDGXU