REG - Ramsdens Holdings - Director/PDMR Shareholding

Ramsdens HoldingsAnnouncement

06/04/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230406:nRSF5503Va&default-theme=true

RNS Number : 5503V  Ramsdens Holdings PLC  06 April 2023

6 April 2023

 

Ramsdens Holdings PLC

 

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

 

Director/PDMR Shareholding

 

Ramsdens, the diversified financial services provider and retailer, announces
that on 5 April 2023, the Company adopted its Long‐Term Incentive Plan 6
(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
FY25. The intention to grant the potential conditional awards was disclosed in
Ramsdens' 2022 Annual Report and Accounts, published on 17 January 2023.

 

In accordance with the Group's remuneration strategy, the Plan extends to 15
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") 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 230 pence per share.

 

The Executive Directors have been granted a total of 170,000 shares under the
LTIP, to vest in 2026 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 2025.

 

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 188,000 shares have been issued pursuant to the LTIP scheme to 13
members of the Senior Management Team, including Michael Johnson (Operations
Director) and Jason Carr (IT Director) with the same performance criteria and
rules.

 

In addition, 150,000 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.

 

 

 Name             Roll                                       Number of LTIP   Number of

                                                             shares awarded   CSOP shares

                                                                              awarded
 Peter Kenyon     CEO (Director)                             100,000          Nil
 Martin Clyburn   CFO (Director)                               70,000         Nil
 Michael Johnson  Operations Director of trading subsidiary    50,000         Nil

                  (PDMR)

 Jason Carr       IT Director of trading subsidiary            30,000         7,500

                  (PDMR)

                  A further ten members of the Senior        108,000          75,000

                  Management Team have been issued

                  both awards
                  Nine members of the Senior                 Nil              67,500

                  Management Team have been issued

                  CSOP only awards

 

 

 

 

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

 1.   Details of the person discharging managerial responsibilities/person closely

    associated

 a)   Name: Peter Kenyon
 2.   Reason for the notification

 a)   Position/status: CEO
 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: Ordinary shares
      of 1p each.

      Identification code: GB00BDR6V192

 b)    Nature of the transaction:

      Grant of options pursuant to LTIP

 c)   Prices  Volumes
      1p      100,000
 d)   Aggregated information:

      N/A
 e)   Date of the transaction: 5 April 2023
 f)   Place of the transaction: Outside a trading venue

d)

Aggregated information:

N/A

e)

Date of the transaction: 5 April 2023

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: CFO
 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: Ordinary shares
      of 1p each.

      Identification code: GB00BDR6V192

 b)    Nature of the transaction:

       Grant of Options pursuant to LTIP

 c)   Prices  Volumes
      1p      70,000
 d)   Aggregated information:

      N/A
 e)   Date of the transaction: 5 April 2023
 f)   Place of the transaction: Outside a trading venue

d)

Aggregated information:

N/A

e)

Date of the transaction: 5 April 2023

f)

Place of the transaction: Outside a trading venue

 

 

 

 1.   Details of the person discharging managerial responsibilities/person closely

    associated

 a)   Name: Michael Johnson
 2.    Reason for the notification

 a)    Position/status: Operations Director of trading subsidiary

      (PDMR)

 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: Ordinary shares
      of 1p each.

      Identification code: GB00BDR6V192

 b)    Nature of the transaction:

      Grant of options pursuant to LTIP

 c)   Prices  Volumes
      1p      50,000
 d)   Aggregated information:

      N/A
 e)   Date of the transaction: 5 April 2023
 f)   Place of the transaction: Outside a trading venue

d)

Aggregated information:

N/A

e)

Date of the transaction: 5 April 2023

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:
 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: Ordinary shares
      of 1p each.

      Identification code: GB00BDR6V192

 b)    Nature of the transaction:

      Grant of options pursuant to CSOP

 c)   Prices  Volumes
      230p    7,500
 d)   Aggregated information:

      N/A
 e)   Date of the transaction: 5 April 2023
 f)   Place of the transaction: Outside a trading venue

d)

Aggregated information:

N/A

e)

Date of the transaction: 5 April 2023

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:
 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: Ordinary shares
      of 1p each.

      Identification code: GB00BDR6V192

 b)    Nature of the transaction:

      Grant of options pursuant to LTIP

 c)   Prices  Volumes
      1p      30,000
 d)   Aggregated information:

      N/A
 e)   Date of the transaction: 5 April 2023
 f)   Place of the transaction: Outside a trading venue

d)

Aggregated information:

N/A

e)

Date of the transaction: 5 April 2023

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

Emily Brooker

 

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 160 stores
within the UK (including 2 franchised stores) and has a growing online
presence.

Ramsdens is fully FCA authorised for its pawnbroking and credit broking
activities.

www.ramsdensplc.com

www.ramsdensforcash.co.uk

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  DSHSSSFWIEDSESL