CPPGroup Plc Director/PDMR Shareholding (0281V)
03 April 2023 - 4:00PM
UK Regulatory
TIDMCPP
RNS Number : 0281V
CPPGroup Plc
03 April 2023
3 April 2023
CPPGroup Plc ("CPP", "CPP Group" or the "Company")
Director/PDMR Shareholding
On 31 March 2023, options over ordinary shares of GBP1 each in
the Company ("Ordinary Shares") were awarded to the following
Directors under the CPPGroup Plc Deferred Bonus Plan (the
"Plan"):
Award of Resultant
Ordinary Shares interests
under the in unvested
Plan Ordinary Shares
under incentive
plans
Simon Pyper 219,941 219,941
----------------- -----------------
David Bowling 114,370 114,370
----------------- -----------------
The Plan recognises the importance of long-term engagement and
retention of the Executive Management Committee (EMC) to deliver
the strategy and change management programme (CMP) which will be to
the benefit of all shareholders.
The options awarded under the Plan to Simon Pyper and David
Bowling represent their agreement to defer 75% and 65% respectively
of their total bonus award for 2022 as the strategy and CMP
progresses. The share option awards under the Plan were valued at
GBP1.02 being the average closing price of the Company's shares for
a period of 30 days from the announcement of the strategy and CMP
on 19 October 2022.
No consideration was paid for the grant of the awards which are
structured as nil cost options.
The vesting of an award is subject to the satisfaction of
performance conditions set by the Remuneration Committee of the
Company. Fifty percent of the awards will vest on 31 December 2023
and the remaining fifty percent on 31 December 2024 and will
normally remain exercisable until the day before the tenth
anniversary of the date of the grant, provided the individual
remains an employee or officer of the Company.
The total number of options awarded under the Plan to the
Directors and other EMC members is 635,320.
The total issued share capital as at the date of this
announcement is 8,846,045.
Enquiries:
CPPGroup plc
Sarah Atherton, Company Secretary Tel: +44 (0)113 4877 367
Liberum Capital Limited
(Nominated Adviser and Sole Tel: +44 (0)20 3100 2000
Broker)
Richard Lindley
Lauren Kettle
About CPP
CPP Group is a technology-driven assistance company that creates
embedded and ancillary real-time assistance products and resolution
services that reduce disruption to everyday life for millions of
people across the world, at the time and place they are needed, CPP
Group is listed on AIM, operated by the London Stock Exchange.
For more information on CPP visit
https://international.cppgroup.com .
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Simon Pyper
David Bowling
------------------------------------ ------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
(a) Position/status Executive Directors
------------------------------------ ------------------------------------
(b) Initial notification/ Amendment Initial notification
------------------------------------ ------------------------------------
3. Details of the issuer
--------------------------------------------------------------------------
(a) Name CPPGroup Plc
------------------------------------ ------------------------------------
(b) LEI 213800FRDE79FTQI4X25
------------------------------------ ------------------------------------
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 Ordinary shares of GBP1 each
Instrument
------------------------------------ ------------------------------------
(b) Identification code of GB00BMDX5Z93
the Financial Instrument
------------------------------------ ------------------------------------
(c) Nature of the transaction Award of share options
------------------------------------ ------------------------------------
(d) Price(s) and volume(s) Price(s) Volume(s)
---------- ------------------------
N/A Simon Pyper - 219,941
David Bowling -
114,370
---------- ------------------------
(e) Aggregated information
* Aggregated volume n/a
n/a
- Price
------------------------------------
(f) Date of the transaction 31 March 2023
------------------------------------ ------------------------------------
(g) Place of the transaction London Stock Exchange, AIM (XLON)
------------------------------------ ------------------------------------
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END
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