REG - Rank Group PLC - Director/PDMR Shareholding

RankAnnouncement

28/06/2018 16:55

RNS Number : 9654S
Rank Group PLC
28 June 2018
 


28 June 2018
 
The Rank Group Plc
LEI: 213800TXKD6XZWOFTE12
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with Article 19 of the Market Abuse Regulations.
On 28 June 2018 the following awards over ordinary shares of 13 8/9 pence in The Rank Group Plc (the "Company") were granted under The Rank Group 2010 Long-Term Incentive Plan to the following person(s) discharging managerial responsibilities:



PDMR


No. of shares under Award




John O'Reilly


1,594,387




Clive Jennings


764,660




Alan Morgan


896,843



The awards will ordinarily vest in three tranches, each representing a distinct one-third of the number of vested shares under the award, on 1 October 2021, 1 October 2022 and 1 October 2023. In each case, vesting shall be subject to the grantee's continued service and to the extent to which the performance conditions set for the award are satisfied. The performance conditions measure a blend of financial targets (as to 70% of each award) and strategic targets (as to the remaining 30% of each award).
Details of the full notifications received by the Company are set out below.



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


John O'Reilly




2


Reason for Notification




a)


Position/status


Chief Executive




b)


Initial notification/Amendment


Initial Announcement




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


The Rank Group Plc




b)


LEI


213800TXKD6XZWOFTE12




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 13 8/9 pence each in Rank Group Plc
 




Identification code


GB00B1L5QH97




b)


Nature of the transaction


Grant of a conditional award under The Rank Group 2010 Long-Term Incentive Plan. The award will ordinarily vest in three equal tranches on 1 October 2021, 1 October 2022 and 1 October 2023, subject to the grantee's continued service and to the extent to which the performance conditions are met.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


1,594,387








d)


Aggregated information
-     Aggregated volume
-     Price


Not applicable - single transaction




e)


Date of the transaction


28 June 2018




f)


Place of the transaction


Outside a trading venue



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Clive Jennings




2


Reason for Notification




a)


Position/status


Group Finance Director




b)


Initial notification/Amendment


Initial Announcement




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


The Rank Group Plc




b)


LEI


213800TXKD6XZWOFTE12




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 13 8/9 pence each in Rank Group Plc
 




Identification code


GB00B1L5QH97




b)


Nature of the transaction


Grant of a conditional award under The Rank Group 2010 Long-Term Incentive Plan. The award will ordinarily vest in three equal tranches on 1 October 2021, 1 October 2022 and 1 October 2023, subject to the grantee's continued service and to the extent to which the performance conditions are met.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


764,660








d)


Aggregated information
-     Aggregated volume
-     Price


Not applicable - single transaction




e)


Date of the transaction


28 June 2018




f)


Place of the transaction


Outside a trading venue



 



1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Alan Morgan




2


Reason for Notification




a)


Position/status


Managing Director - Retail




b)


Initial notification/Amendment


Initial Announcement




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


The Rank Group Plc




b)


LEI


213800TXKD6XZWOFTE12




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 13 8/9 pence each in Rank Group Plc
 




Identification code


GB00B1L5QH97




b)


Nature of the transaction


Grant of a conditional award under The Rank Group 2010 Long-Term Incentive Plan. The award will ordinarily vest in three equal tranches on 1 October 2021, 1 October 2022 and 1 October 2023, subject to the grantee's continued service and to the extent to which the performance conditions are met.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


896,843








d)


Aggregated information
-     Aggregated volume
-     Price


Not applicable - single transaction




e)


Date of the transaction


28 June 2018




f)


Place of the transaction


Outside a trading venue



 
Enquiries:                 
Luisa Wright, Company Secretary                     Tel:  01628 504000




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