Director/PDMR Shareholding

Rathbones

22/08/2025 14:18

RNS Number : 4886W

Rathbones Group PLC

22 August 2025

 

Rathbones Group Plc (the "Company")

 

Notification of Transactions of Persons Discharging Managerial Responsibilities

 

The Company announces that Jonathan Sorrell, Group Chief Executive Officer, has been granted share awards in accordance with the rules of the Rathbones Group Plc Performance Share Plan (PSP) on 22 August 2025. Jonathan's remuneration arrangements were set in line with the Rathbones Directors' Remuneration Policy which was approved by shareholders at the 2024 AGM. Further details of any awards will be set out in the 2025 Directors' Remuneration Report.

 

The below awards relate to:

1.      Buyout awards to replace previously deferred remuneration foregone when joining Rathbones. These awards were made on a like-for-like basis in Rathbones shares and will vest in various tranches over the next three years. 

2.      A 2025 PSP award, subject to previously disclosed performance conditions measured over the three-year period ending 31 December 2027. This award is subject to a two-year post-vesting holding period. 

 

These awards provide immediate alignment to Rathbones share price and performance. The number of awards granted was calculated based on the average share price over five days preceding the date of Jonathan joining Rathbones and discounted to reflect the absence of dividend equivalents over the relevant vesting periods.

 

The notifications below, which have been made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.

 

Enquiries:

Ali Johnson, Group Company Secretary

Telephone - 07901 118456

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1)
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Jonathan Sorrell
2)
Reason for the notification
a)
Position/status
Group 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
Rathbones Group Plc
b)
LEI
213800MBTHM6UE8ZQP29
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 Identification code
Ordinary Shares of 5p each
ISIN: GB0002148343
b)
Nature of the transaction
Buyout Share award grant made pursuant to the Rathbones Executive Share Performance Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£17.10
63,168
£16.23
39,950
£15.36
9,381
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
22 August 2025
f)
Place of the transaction
Outside a trading venue

 

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Jonathan Sorrell
2
Reason for the notification
a)
Position/status
Group 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
Rathbones Group Plc
b)
LEI
213800MBTHM6UE8ZQP29
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
Identification code
Ordinary Shares of 5p each
ISIN: GB0002148343
b)
Nature of the transaction
PSP share award grant made pursuant to the Rathbones Performance Share Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£14.78
106,089
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
22 August 2025
f)
Place of the transaction
Outside a trading venue

 

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