REG - Ramsdens Holdings - Director/PDMR Shareholding

Ramsdens HoldingsAnnouncement

19/04/2024 07:00

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RNS Number : 2438L  Ramsdens Holdings PLC  19 April 2024

Ramsdens Holdings PLC

 

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

 

Director/PDMR Shareholding

 

Ramsdens, the diversified financial services provider and retailer, announces
that on 18 April 2024, the Company adopted its Long‐Term Incentive Plan 7
(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
FY26. The intention to grant the conditional awards was disclosed in Ramsdens'
2023 Annual Report and Accounts, published on 15 January 2024.

 

In accordance with the Group's remuneration strategy, the Plan extends to 25
members of the Senior Management Team, including 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 205 pence per share.

 

The Executive Directors have been granted a total of 170,000 share options
under the LTIP, to vest in 2027 in accordance with the Plan rules. These share
options 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 2026.

 

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 180,000 share options have been issued pursuant to the LTIP scheme
to 13 members of the Senior Management Team, including Michael Johnson
(Operations Director), Jason Carr (IT Director) and Mark Smith (Finance
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           Nil

                  (PDMR)

 Mark Smith       Finance Director of trading subsidiary (PDMR)  30,000           Nil

                  A further ten members of the Senior            70,000           75,000

                  Management Team have been issued

                  both awards
                  Ten members of the Senior                      Nil              75,000

                  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: 18 April 2024
 f)   Place of the transaction: Outside a trading venue

d)

Aggregated information:

N/A

e)

Date of the transaction: 18 April 2024

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:  18 April 2024
 f)   Place of the transaction: Outside a trading venue

d)

Aggregated information:

N/A

e)

Date of the transaction:  18 April 2024

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: 18 April 2024
 f)   Place of the transaction: Outside a trading venue

d)

Aggregated information:

N/A

e)

Date of the transaction: 18 April 2024

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 of trading subsidiary
 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: 18 April 2024
 f)   Place of the transaction: Outside a trading venue

d)

Aggregated information:

N/A

e)

Date of the transaction: 18 April 2024

f)

Place of the transaction: Outside a trading venue

 

 

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

    associated

 a)   Name: Mark Smith
 2.   Reason for the notification

 a)   Position/status: Finance Director of trading subsidiary
 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: 18 April 2024
 f)   Place of the transaction: Outside a trading venue

d)

Aggregated information:

N/A

e)

Date of the transaction: 18 April 2024

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

 

 

Hudson Sandler (Financial PR)
                        Tel: +44 (0) 20 7796 4133

Alex Brennan

Emily Brooker

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 167 stores
within the UK (including 1 franchised store) 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

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