REG - Ramsdens Holdings - Director/PDMR Shareholding
17/03/2022 09:45
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RNS Number : 1237F Ramsdens Holdings PLC 17 March 2022
17 March 2022
Ramsdens Holdings PLC
("Ramsdens", the Group, or the "Company")
Director/PDMR Shareholding
Ramsdens, the diversified financial services provider and retailer, announces
that on 17 March 2022, the Company adopted its Long-Term Incentive Plan 5
(the "Plan"). The Plan follows the principles of the Group's existing LTIPs,
in recognising the contribution of the management team for the three years to
FY24. The intention to grant the potential conditional awards was disclosed in
Ramsdens' 2021 Annual Report and Accounts, published on 17 January 2022.
In accordance with the Group's remuneration strategy, the Plan extends to 21
members of the Senior Management Team, as well as CEO Peter Kenyon and CFO
Martin Clyburn (the "Executive Directors"). The awards granted over 1p
Ordinary Shares in the capital of the Company (the "Shares") and are under one
incentive plan, however the Plan comprises two types of awards, a wholly
conditional award Long Term Incentive Plan (the "LTIP") and a Company Share
Option Plan (the "CSOP"). Vested awards under the LTIP are exercisable at 1
pence per share and under the CSOP are exercisable at 166.5 pence per share,
subject to approval by HMRC.
The Executive Directors have been granted a total of 170,000 shares, to vest
in 2025 in accordance with the Plan rules. These shares are subject to the
achievement of performance targets, with 50% of any award linked to targeted
increases in the Earnings per Share of the Company, and the remaining 50% of
any award based on the delivery of the Total Shareholder Return. These
targets will be measured over the three financial years to 30 September
2024. These grants represent the maximum possible share awards to the
Executive Directors should the performance targets be achieved in full. The
Plan rules include malus and clawback provisions.
A further 168,000 shares have been issued pursuant to the LTIP scheme to 12
members of the Senior Management Team, including Mike Johnson (Operations
Director) and Jason Carr (IT Director) with the same performance criteria and
rules.
In addition, 110,000 shares have been issued under the CSOP scheme to 20
members of the Senior Management Team. These awards have no performance
criteria but include malus and clawback provisions. Participants who leave
the Company before vesting will lose their award, subject to certain limited
'good leaver' conditions.
The following table summarises the awards issued.
Role Number of LTIP shares awarded Number of CSOP shares awarded
Peter Kenyon CEO (Director) 100,000 Nil
Martin Clyburn CFO (Director) 70,000 Nil
Mike Johnson Operations Director of trading subsidiary (PDMR) 50,000 Nil
Jason Carr IT Director of trading subsidiary (PDMR) 20,000 5,500
A further nine members of the Senior Management Team have been issued both 98,000 49,500
awards
Ten members of the Senior Management Team have been issued CSOP only awards Nil 55,000
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Peter Kenyon
2. Reason for the 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: Ramsdens Holdings PLC
b) LEI: 2138009OAUOROKMFPK95
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: Options over
Ordinary shares of 1p each.
Identification code: GB00BDR6V192
b) Nature of the transaction:
Grant of options pursuant to LTIP
c) Price(s) and volume(s):
Price(s) Volume(s)
1p 100,000
d) Aggregated information:
N/A
e) Date of the transaction: 16 March 2022
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
N/A
e)
Date of the transaction: 16 March 2022
f)
Place of the transaction: Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Martin Clyburn
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: Ramsdens Holdings PLC
b) LEI: 2138009OAUOROKMFPK95
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: Options over
Ordinary shares of 1p each.
Identification code: GB00BDR6V192
b) Nature of the transaction:
Grant of options pursuant to LTIP
c) Price(s) and volume(s):
Price(s) Volume(s)
1p 70,000
d) Aggregated information:
N/A
e) Date of the transaction: 16 March 2022
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
N/A
e)
Date of the transaction: 16 March 2022
f)
Place of the transaction: Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Mike Johnson
2. Reason for the notification
a) Position/status: Operations Director
b) Initial notification/Amendment: Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name: Ramsdens Holdings PLC
b) LEI: 2138009OAUOROKMFPK95
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: Options over
Ordinary shares of 1p each.
Identification code: GB00BDR6V192
b) Nature of the transaction:
Grant of options pursuant to LTIP
c) Price(s) and volume(s):
Price(s) Volume(s)
1p 50,000
d) Aggregated information:
N/A
e) Date of the transaction: 16 March 2022
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
N/A
e)
Date of the transaction: 16 March 2022
f)
Place of the transaction: Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Jason Carr
2. Reason for the notification
a) Position/status: IT Director
b) Initial notification/Amendment: Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name: Ramsdens Holdings PLC
b) LEI: 2138009OAUOROKMFPK95
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: Options over
Ordinary shares of 1p each.
Identification code: GB00BDR6V192
b) Nature of the transaction:
Grant of options pursuant to LTIP
c) Price(s) and volume(s):
Price(s) Volume(s)
1p 20,000
d) Aggregated information:
N/A
e) Date of the transaction: 16 March 2022
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
N/A
e)
Date of the transaction: 16 March 2022
f)
Place of the transaction: Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Jason Carr
2. Reason for the notification
a) Position/status: IT Director
b) Initial notification/Amendment: Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name: Ramsdens Holdings PLC
b) LEI: 2138009OAUOROKMFPK95
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: Options over
Ordinary shares of 1p each.
Identification code: GB00BDR6V192
b) Nature of the transaction:
Grant of options pursuant to CSOP
c) Price(s) and volume(s):
Price(s) Volume(s)
166.5p 5,500
d) Aggregated information:
N/A
e) Date of the transaction: 16 March 2022
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
N/A
e)
Date of the transaction: 16 March 2022
f)
Place of the transaction: Outside a trading venue
Enquiries:
Ramsdens Holdings
PLC
Tel: +44 (0) 1642 579957
Peter Kenyon, CEO
Martin Clyburn, CFO
Liberum Capital Limited (Nominated Adviser) Tel: +44 (0) 20 3100 2000
Richard Crawley
Lauren Kettle
Hudson Sandler (Financial
PR) Tel: +44 (0) 20 7796
4133
Alex Brennan
Lucy Wollam
About Ramsdens
Ramsdens is a growing, diversified, financial services provider and retailer,
operating in the four core business segments of foreign currency exchange,
pawnbroking loans, precious metals buying and selling and retailing of second
hand and new jewellery.
Ramsdens does not offer unsecured high-cost short term credit.
Headquartered in Middlesbrough, the Group operates from 157 stores within
the UK (including 3 franchised stores) and has a growing online presence.
Ramsdens is fully FCA authorised for its pawnbroking and credit broking
activities.
www.ramsdensplc.com (http://www.ramsdensplc.com)
www.ramsdensforcash.co.uk (http://www.ramsdensforcash.co.uk/)
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