Director/PDMR Shareholding; grant of share awards
21/03/2022 09:38
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RNS Number : 4337F Unbound Group PLC 21 March 2022
Unbound Group plc
Notification and public disclosure of transactions by persons discharging
managerial responsibilities
Grant of Performance Share Awards
Unbound Group plc (the "Company") announces that it has awarded nil cost
options over ordinary shares of 25 pence each in the Company (the "Awards") in
accordance with the terms of the Unbound Group plc 2021 Long-Term Incentive
Plan to the following Persons Discharging Managerial Responsibilities (PDMRs):
Participant Position No. of Shares under Award
Ian Watson Chief Executive Officer 882,033
Dan Lampard Chief Financial Officer 508,365
The Awards were granted as Performance Share Awards on 18th March 2022.
The Vesting Date of each Performance Share Award shall be 18th March 2025 and
the Exercise Period of each Performance Share Award shall expire on 17th March
2032. A one-year Holding Period applies to each of the Performance Share
Awards.
The Vesting of each Performance Share Award is subject to performance
conditions as determined by the remuneration committee. These performance
conditions and their relative weighting are:
· Annual Compound Total Shareholder Return percentage ('TSR') over
the three years to the year ending January 2025 (weighting 50%): Vesting will
start from a threshold at 40% pa, with maximum vesting at 70% pa
· Earnings Per Share in the Year to January 2025 (weighting 50%):
Vesting will start from a threshold of 18.60 pence per share, with maximum
vesting at 22.74 pence per share
In both cases the awards will pay out on a straight line basis from 33% of the
maximum award on achievement of the threshold performance and 100% of the
maximum award on achievement of the maximum performance.
The awards were quantified, and the opening position for calculation of TSR
performance conditions set, with reference to the average closing share price
of the share of the company during the month of February 2022 of 55.27 pence
per share.
A summary of the terms governing the Unbound Group plc 2021 Long-Term
Incentive Plan can be found in the Company's admission document.
ENQUIRIES
Unbound Group plc
Dan Lampard
020 3874 8300
Stifel Nicolaus Europe Limited (Nomad and corporate broker)
Ash Burman, Nick Adams, Stewart Wallace, Francis North
020 7710 7600
Vico Partners
Sofia Newitt
020 3957 5045
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ian Andrew Watson
2 Reason for the notification
a) Position/status Executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Unbound Group plc
b) LEI 213800MPTI1NH8POK154
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 25p shares
GB0003085445
b) Nature of the transaction Grant of options under the Unbound Group plc 2021 Long-Term Incentive Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 882,033
d) Aggregated information
- Aggregated volume
882,033 ordinary shares of 25 pence each
- Price
Nil consideration
e) Date of the transaction 18 March 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
882,033 ordinary shares of 25 pence each
Nil consideration
e)
Date of the transaction
18 March 2022
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Daniel Lampard
2 Reason for the notification
a) Position/status Executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Unbound Group plc
b) LEI 213800MPTI1NH8POK154
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 25p shares
GB0003085445
b) Nature of the transaction Grant of options under the Unbound Group plc 2021 Long-Term Incentive Plan
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 508,365
d) Aggregated information
- Aggregated volume
-
Price 508,365 ordinary shares of 25 pence each
Nil consideration
e) Date of the transaction 18 March 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
-
Price
508,365 ordinary shares of 25 pence each
Nil consideration
e)
Date of the transaction
18 March 2022
f)
Place of the transaction
Outside a trading venue
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