TIDMAML

RNS Number : 8784F

Aston Martin Lagonda Glob.Hldgs PLC

09 November 2022

9 November 2022

Aston Martin Lagonda Global Holdings plc

Notification of transactions by Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

Aston Martin Lagonda Global Holdings plc (the "Company") announces the following changes in the interests of Directors in the Ordinary Shares in the Company ("Shares"), which took place on 8 November 2022.

Buy-out Share Award

On 8 November 2022, Doug Lafferty (Chief Financial Officer) was granted 659,113 Shares for nil-consideration, the "Buy-out Share Award".

The Buy-out Share Award vested immediately and was settled partly with 349,329 Shares and partly with cash (with the cash element being paid to HMRC to satisfy the income tax and National Insurance due on the award).

Doug is required to retain at least 75% of the 349,329 Shares he received, in accordance with the Company's Executive Directors' shareholding guidelines.

In order to secure Mr Lafferty's appointment and to allow him to join the Company at the earliest opportunity (and as disclosed both on appointment and in the 2021 Directors' Remuneration Report), the Remuneration Committee agreed to buy out awards that Doug forfeited on leaving his previous employer. This buy-out share award compensates Doug for an LTIP award at his previous employer which he forfeited by joining Aston Martin. This Buy-out Share Award was structured to reflect the actual outcome (determined by the previous employer) of the forfeited LTIP award and will be disclosed in full in the 2022 Directors' Remuneration Report.

The Buy-out Share Award is subject to clawback provisions and Doug will be required to repay the award if he resigns or his employment is terminated for cause within 12 months of the award date.

Enquiries:

 
 Investors and Analysts 
  Sherief Bakr,                           +44 (0)7789 177547 
  Director of Investor Relations          sherief.bakr@astonmartin.com 
 Media 
  Kevin Watters,                          +44 (0)7764 386683 
  Director of Communications              kevin.watters@astonmartin.com 
 Grace Barnie,                           +44 (0)7880 903490 
  Corporate Communications Manager        grace.barnie@astonmartin.com 
 Tulchan Communications 
  Harry Cameron and Simon Pilkington      +44 (0)20 73534200

Notification of transactions by Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Doug Lafferty 
 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                                                      Aston Martin Lagonda Global Holdings plc 
 b)   LEI                                                       213800167WOVOK5ZC776 
 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          Ordinary Shares 
      instrument 
                                                                 (ISIN: GB00BN7CG237) 
      Identification code 
 b)   Nature of the transaction                                 Grant of Buy-out Award 
 c)   Price(s) and volume(s)                                     Price(s)    Volume(s) 
                                                                  GBP0        659,113 
 d)   Aggregated information 
 
       - Aggregated volume                                       659,113 
       - Price                                                   GBP0 
 e)   Date of the transaction                                   8 November 2022 
 f)   Place of the transaction                                  Outside a trading venue 
 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          Ordinary Shares 
      instrument 
                                                                 (ISIN: GB00BN7CG237) 
      Identification code 
 b)   Nature of the transaction                                 Vesting of Buy-out Award - settled partly by way of 
                                                                Ordinary Shares and partly in cash 
 c)   Price(s) and volume(s)                                     Price(s)    Volume(s) 
                                                                  GBP0        349,329 
 d)   Aggregated information 
 
       - Aggregated volume                                       349,329 
       - Price                                                   GBP0 
 e)   Date of the transaction                                   8 November 2022 
 f)   Place of the transaction                                  Outside a trading venue

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END

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November 09, 2022 10:33 ET (15:33 GMT)

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