REG - Public Policy Hldg - Retirement of Chief Administrative Officer

Public Policy HoldingAnnouncement

01/07/2024 07:00

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RNS Number : 5459U  Public Policy Holding Company, Inc.  01 July 2024

Public Policy Holding Company, Inc.

 

("PPHC", the "Group" or the "Company")

 

Retirement of Chief Administrative Officer

 

Public Policy Holding Company, Inc., the government relations and public
affairs group providing clients with a fully integrated and comprehensive
range of services, announces that William ("Bill") Chess has made the decision
to retire from his full-time executive career and, therefore, as Chief
Administrative Officer of the Group. He will remain on the Board as a
Non-Executive Director and in an advisory capacity as a strategic consultant,
with Group executives continuing to draw on his experience as a Group
co-founder and its Chief Financial Officer from 2014 to July 2023.

Shares owned by Mr. Chess at the time of the IPO vested with effect as of 1
July 2024, however, the transfer restrictions in line with his Executive
Employment Agreement will remain in place. Long-Term Incentive Program
("LTIP") Awards that Mr. Chess has earned since the LTIP plan was adopted
vested with effect as of 1 July 2024, including 50,000 Option Awards, 100,000
Restricted Stock Units, and 17,438 Restricted Stock Awards. Mr. Chess is
considered a related party under the AIM rules and the directors consider,
having consulted with its nominated adviser, that the terms of the transaction
are fair and reasonable insofar as its shareholders are concerned.

Following this issue of shares, the Company's total issued and voting share
capital upon admission will consist of 119,871,310 Common Shares. This figure
may be used by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, securities of the Company.

Stewart Hall, PPHC CEO, said:

"Bill retires from his executive function having made a significant
contribution evolving PPHC into a multinational business providing effective
government relations and advocacy services at a new level of scale and
sophistication. Bill was at the ground floor of the planning and then
execution of the PPHC project. Following a decades-long career as a senior
executive where I was honored to work with him twice, I wish Bill all the best
in his retirement from a full-time executive position and look forward to his
continued support as a NED and advisor."

 

Enquiries

 

 Public Policy Holding Company, Inc.                                                                                                               +1 (202) 688 0020

 Stewart Hall, CEO

 Roel Smits, CFO

 Thomas Gensemer, Chief Strategy Officer
 Stifel (Nominated Adviser & Joint Broker)                                                                                                         +44 (0) 20 7710 7600

 Fred Walsh, Ben Good, Sarah Wong

 Zeus Capital (Joint Broker)                                                                                                                       +44 (0) 20 3829 5000

 Alice Lane, David Foreman

 Canaccord Genuity (Joint                                                                                                                          +44 (0) 20 7523 8000
 Broker)

 Simon Bridges, Andrew Potts
 Buchanan Communications (Media Enquiries)                                                                                                         +44 (0) 20 7466 5000

 Chris Lane, Toto Berger                                                                                                                           pphc@buchanan.uk.com (mailto:pphc@buchanan.uk.com)

 

About PPHC

Incorporated in 2014, PPHC is a US-based government relations and public
affairs group providing clients with a fully integrated and comprehensive
range of services including government and public relations, research, and
digital advocacy campaigns. Engaged by approximately 1200 clients, including
companies, trade associations and non-governmental organisations, the Group is
active in all major sectors of the US. economy, including healthcare and
pharmaceuticals, financial services, energy, technology, telecoms and
transportation. PPHC's services support clients to enhance and defend their
reputations, advance policy goals, manage regulatory risk, and engage with US
federal and state-level policy makers, stakeholders, media, and the public.

 

PPHC operates a holding company structure and currently has ten operating
entities in the US and UK. Operating in the strategic communications market,
the Group has a strong track record of organic and acquisitive growth, the
latter focused on enhancing its capabilities and to establish new verticals,
either within new geographies or new related offerings.

 

 

 

 

     Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                             William Chess
 2   Reason for the notification
 b)  Position/Status:                                  Non-Executive Director
 c)  Initial notification/Amendment:                   Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 d)  Name:                                             Public Policy Holding Company, Inc.
 e)  LEI:                                              2138008Z7B1IXVVJAZ79
 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
 f)  Description of the financial instrument, type of  Common shares of $0.001 par value

      Identification Code                              ISIN: US7444301094

 g)  Nature of the transaction:                        Award of Restricted Stock Units as part of Bill Chess retirement
 h)  Price(s) and volume(s):                            Price(s)    Volume(s)

                                                 136.0 pence  100,000
                                                       Total        100,000

 i)  Aggregated information:

     · Aggregated volume                               N/A single transaction

     · Price                                           N/A single transaction

     ·
 j)  Date of the transaction:                          28 June 2024
 k)  Place of the transaction:                         Off market transaction

i)

Aggregated information:

· Aggregated volume

· Price

·

 

N/A single transaction

N/A single transaction

j)

Date of the transaction:

28 June 2024

k)

Place of the transaction:

Off market transaction

 

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