REG - Triad Group Plc - Grant of Restrictive Share Units

TriadAnnouncement

31/03/2022 16:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220331:nRSe8098Ga&default-theme=true

RNS Number : 8098G  Triad Group Plc  31 March 2022

 

Legal Entity Identifier (LEI) No. 213800MDNBFVEQEN1G84

 

Triad Group Plc

("Triad" or "the Company")

Grant of Restrictive Share Units

The Company announces the grant of restricted share unit ("RSU") awards with
respect to ordinary shares in the capital of the Company ("Ordinary Shares")
to Executive Directors under the Triad Employee Share Incentive Plan and
Directors' Remuneration Policy, each approved by shareholders at the Company's
General Meeting on 25 March 2022.

Adrian Leer, Managing Director, has been granted 60,000 RSUs, Tim Eckes,
Client Services Director, has been granted 60,000 RSUs and James McDonald,
Finance Director and Company Secretary, has been granted 60,000 RSUs, where
each RSU that vests shall represent the right to receive payment of one
Ordinary Share. The exercise price of the RSUs is 135p per Ordinary Share. The
RSUs are subject to continued service over a period of three years and
satisfaction of customary performance conditions relating to achieving the
minimum share price at grant of 135p.

Following the grant of these RSU awards, Adrian Leer, Tim Eckes and James
McDonald each hold RSUs over a total of 60,000, each representing 0.36% of the
current issued share capital.

The information below, set out in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail on the transactions.

 1.  Details of PDMR / person closely associated with them
 a)  Name                                     1.    Adrian Leer

                                              2.    Tim Eckes

                                              3.    James McDonald
 2.  Reason for the notification
 a)  Position / status                        1.    Managing Director

                                              2.    Client Services Director

                                              3.    Finance Director and Company Secretary
 b)  Initial notification / amendment         Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Triad Group Plc
 b)  LEI                                      213800MDNBFVEQEN1G84
 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  Restricted share units ("RSUs") with respect to ordinary shares in the capital

                                        of the Company of £0.01 each

     Identification code

                                              ISIN: GB0009035741
 b)  Nature of the transaction                Grant of RSUs
 c)  Price(s) and volume(s)

Price(s)                  Volume(s)
                                              1.    £1.35 per RSU       1.    60,000 RSUs

                                              2.    £1.35 per RSU       2.    60,000 RSUs

                                              3.    £1.35 per RSU       3.    60,000 RSUs

 d)  Aggregated information

     -Aggregated volume                       180,000 RSUs

     -Aggregated price                        £1.35
 e)  Date of the transaction                  30 March 2022

 f)  Place of the transaction                 Outside of a trading venue

d)

Aggregated information

-Aggregated volume

-Aggregated price

 

180,000 RSUs

£1.35

e)

Date of the transaction

30 March 2022

 

f)

Place of the transaction

Outside of a trading venue

 

For further information, please contact:

Triad Group Plc

James McDonald

Finance Director and Company Secretary

01908 278 450

 

Arden Partners Plc

Richard Johnson

020 7614 5900

 

 

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  DSHGZGFFFMGGZZM