REG - Spire Healthcare Grp - Director/PDMR Shareholding
12/04/2023 16:30
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RNS Number : 0184W Spire Healthcare Group PLC 12 April 2023
12 April 2023
Spire Healthcare Group plc (the Company)
Exercise of Executive Share Plan awards
On 11 April 2023, Justin Ash and Jitesh Sodha, both Executive Directors of the
Company, exercised their vested:
· Long Term Incentive Plan award in the Company that were granted on 28
March 2018 (the 2018 LTIP award). 2018 LTIP awards were subject to certain
performance metrics that were measured over a three-year period and full
details of the outcomes of these were reported in the Company's 2020 Annual
Report and Accounts. On vesting in March 2021, the 2018 LTIP awards were
subject to a further two-year holding period which ended at the end of March
2023; and
· Deferred Share Bonus Plan award that were granted on 6 April 2020
(the 2020 DSBP award). 2020 DSBP awards were subject to a three-year holding
period which ended on the third anniversary of the award being made.
Following the exercise by both Directors of their 2018 LTIP awards and 2020
DSBP awards over ordinary shares in the Company and after the satisfaction of
taxes due, both decided to retain the balance of ordinary shares.
Share plan and type of award Shares vested and exercised Shares retained following satisfaction of taxes due
Justin Ash 2018 LTIP (in the form of nil-cost options) 108,874 57,703
Justin Ash 2020 DSBP (in the form of nil-cost options) 170,833 90,541
Total number of shares retained 148,244
Following the transactions, Justin Ash holds 578,268 ordinary shares in the
Company.
Share plan and type of award Shares vested and exercised Shares retained following satisfaction of taxes due
Jitesh Sodha 2018 LTIP (in the form of nil-cost options) 78,287 41,492
Jitesh Sodha 2020 DSBP (in the form of nil-cost options) 73,140 38,764
Total number of shares retained 80,256
Following the transactions, Jitesh Sodha holds 134,058 ordinary shares in the
Company.
Notification and public disclosure of transaction by persons discharging
managerial responsibility and persons closely associated with them
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Justinian Joseph Ash
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 Spire Healthcare Group plc
b) LEI 213800IBJPW3SE2RA350
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 1 pence each
Identification code
GB00BNLPYF73
b) Nature of the transaction Exercise of nil-cost options over ordinary shares vesting under the Spire
Healthcare Group plc Long Term Incentive Plan 2014.
Following the exercise by Mr Ash of his award over 108,874 ordinary shares and
after the satisfaction of taxes due, a balance of 57,703 ordinary shares were
transferred to him which he has retained.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 108,874
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 2023-04-11
f) Place of the transaction XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Jitesh Himatlal Sodha
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 Spire Healthcare Group plc
b) LEI 213800IBJPW3SE2RA350
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 1 pence each
Identification code
GB00BNLPYF73
b) Nature of the transaction Exercise of nil-cost options over ordinary shares vesting under the Spire
Healthcare Group plc Long Term Incentive Plan 2014.
Following the exercise by Mr Sodha of his award over 78,287 ordinary shares
and after the satisfaction of taxes due, a balance of 41,492 ordinary shares
were transferred to him which he has retained.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 78,287
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 2023-04-11
f) Place of the transaction XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Justinian Joseph Ash
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 Spire Healthcare Group plc
b) LEI 213800IBJPW3SE2RA350
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 1 pence each
Identification code
GB00BNLPYF73
b) Nature of the transaction Exercise of nil-cost options over ordinary shares vesting under the Spire
Healthcare Group plc Deferred Share Bonus Plan 2014.
Following the exercise by Mr Ash of his award over 170,833 ordinary shares and
after the satisfaction of taxes due, a balance of 90,541 ordinary shares were
transferred to him which he has retained.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 170,833
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 2023-04-11
f) Place of the transaction XLON
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Jitesh Himatlal Sodha
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 Spire Healthcare Group plc
b) LEI 213800IBJPW3SE2RA350
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 1 pence each
Identification code
GB00BNLPYF73
b) Nature of the transaction Exercise of nil-cost options over ordinary shares vesting under the Spire
Healthcare Group plc Deferred Share Bonus Plan 2014.
Following the exercise by Mr Sodha of his award over 73,140 ordinary shares
and after the satisfaction of taxes due, a balance of 38,764 ordinary shares
were transferred to him which he has retained.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 73,140
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 2023-04-11
f) Place of the transaction XLON
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