Arrow Global Group PLC Director/PDMR Shareholding (9625C)
21 June 2019 - 4:00PM
UK Regulatory
TIDMARW
RNS Number : 9625C
Arrow Global Group PLC
21 June 2019
21 June 2019
Arrow Global Group PLC (the "Company")
Director/PDMR Shareholding
Notification of Transactions of Directors, Persons Discharging
Responsibility or Connected Persons - DTR3.1.4R(1)
Arrow Global Group PLC announces that on 20 June 2019, it
granted nil-cost options over its ordinary shares under the Arrow
Global Group Long - Term Incentive Plan ("LTIP") to the following
directors and persons discharging managerial responsibility:
DIRECTORS NUMBER OF NIL COST OPTIONS UNDER
LTIP*
Lee Rochford 390,780
---------------------------------
Paul Cooper 237,259
---------------------------------
PERSONS DISCHARGING MANAGERIAL NUMBER OF NIL COST OPTIONS
RESPONSIBILITIES UNDER LTIP*
Tracy French 95,337
---------------------------
Stewart Hamilton 86,670
---------------------------
Dave Sutherland 122,746
---------------------------
* No payment is required for the shares, which will vest on the
third anniversary of the date of grant, subject to the achievement
of performance targets measured over a three year period which
commenced on 1 January 2019.
The performance measures for the nil-cost options are underlying
ROE (as regards 50% of the award), relative TSR (as regards 25% of
the award) and underlying FCF (as regards 25% of the award), as
disclosed on page 76 of the Annual Report and Accounts 2018.
Underlying FCF (being cash from operations after interest and
taxes, but before exceptional business disposals and excluding
adjusted items and subject to such other adjustments as the
Remuneration Committee determines) is a three year cumulative
target with threshold vesting being achieved at GBP715m and maximum
vesting at GBP757m, with straight line vesting in between. The
targets for the ROE and relative TSR measures are as set out on
page 76 of the Annual Report and Accounts 2018.
ENQUIRIES
Stewart Hamilton (Company Secretary) +44 (0) 161 242 5861
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Lee Rochford
------------------------------------------------------------------------------- -----------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------------------------
a) Position/status Group Chief Executive
Officer
------------------------------------------------------------------------------- -----------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------------------- -----------------------------
3 Details of the issuer
--------------------------------------------------------------------------------------------------------------
a) Name Arrow Global Group
Plc
------------------------------------------------------------------------------- -----------------------------
b) LEI code 213800CUJ6YMLEO33C88
------------------------------------------------------------------------------- -----------------------------
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 shares
of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------------------- -----------------------------
b) Nature of the transaction Grant of award
under the Company's
Long Term Incentive
Plan.
------------------------------------------------------------------------------- -----------------------------
c) Price(s) and volume(s) LTIP Award Price Volume
Nil cost
award 390,780
--------
------------------------------------------------------------------------------- -----------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------------------- -----------------------------
e) Date of the transaction 20 June 2019
------------------------------------------------------------------------------- -----------------------------
f) Place of the transaction Outside a trading
venue
------------------------------------------------------------------------------- -----------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Paul Cooper
------------------------------------------------------------------------------- -----------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------------------------
a) Position/status Group Chief Financial
Officer
------------------------------------------------------------------------------- -----------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------------------- -----------------------------
3 Details of the issuer
--------------------------------------------------------------------------------------------------------------
a) Name Arrow Global Group
Plc
------------------------------------------------------------------------------- -----------------------------
b) LEI code 213800CUJ6YMLEO33C88
------------------------------------------------------------------------------- -----------------------------
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 shares
of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------------------- -----------------------------
b) Nature of the transaction Grant of award under
the Company's Long
Term Incentive Plan.
------------------------------------------------------------------------------- -----------------------------
c) Price(s) and volume(s) LTIP Award Price Volume
Nil cost
award 237,259
--------
------------------------------------------------------------------------------- -----------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------------------- -----------------------------
e) Date of the transaction 20 June 2019
------------------------------------------------------------------------------- -----------------------------
f) Place of the transaction Outside a trading
venue
------------------------------------------------------------------------------- -----------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Tracy French
------------------------------------------------------------------------------- -----------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------------------------
a) Position/status Group HR Director
------------------------------------------------------------------------------- -----------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------------------- -----------------------------
3 Details of the issuer
--------------------------------------------------------------------------------------------------------------
a) Name Arrow Global Group
Plc
------------------------------------------------------------------------------- -----------------------------
b) LEI code 213800CUJ6YMLEO33C88
------------------------------------------------------------------------------- -----------------------------
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 shares
of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------------------- -----------------------------
B Nature of the transaction Grant of award
under the Company's
Long Term Incentive
) Plan.
------------------------------------------------------------------------------- -----------------------------
c) Price(s) and volume(s) LTIP Award Price Volume
Nil cost
award 95,337
-------
------------------------------------------------------------------------------- -----------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------------------- -----------------------------
e) Date of the transaction 20 June 2019
------------------------------------------------------------------------------- -----------------------------
f) Place of the transaction Outside a trading
venue
------------------------------------------------------------------------------- -----------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Stewart Hamilton
------------------------------------------------------------------------------- -----------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------------------------
a) Position/status General Counsel
and Company Secretary
------------------------------------------------------------------------------- -----------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------------------- -----------------------------
3 Details of the issuer
--------------------------------------------------------------------------------------------------------------
a) Name Arrow Global Group
Plc
------------------------------------------------------------------------------- -----------------------------
b) LEI code 213800CUJ6YMLEO33C88
------------------------------------------------------------------------------- -----------------------------
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 shares
of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------------------- -----------------------------
b) Nature of the transaction Grant of award under
the Company's Long
Term Incentive Plan.
------------------------------------------------------------------------------- -----------------------------
c) Price(s) and volume(s) LTIP Award Price Volume
Nil cost
award 86,670
-------
------------------------------------------------------------------------------- -----------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------------------- -----------------------------
e) Date of the transaction 20 June 2019
------------------------------------------------------------------------------- -----------------------------
f) Place of the transaction Outside a trading
venue
------------------------------------------------------------------------------- -----------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Dave Sutherland
---------------------------------------- -----------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Group Chief Operating
Officer
---------------------------------------- -----------------------------
b) Initial notification/ Amendment Initial notification
---------------------------------------- -----------------------------
3 Details of the issuer
-----------------------------------------------------------------------
a) Name Arrow Global Group
Plc
---------------------------------------- -----------------------------
b) LEI code 213800CUJ6YMLEO33C88
---------------------------------------- -----------------------------
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, Ordinary shares
type of instrument Identification code of 1p each
ISIN: GB00BDGTXM47
---------------------------------------- -----------------------------
b) Nature of the transaction Grant of awards
under the Company's
Long Term Incentive
Plan.
---------------------------------------- -----------------------------
c) Price(s) and volume(s) LTIP Award Price Volume
Nil cost
award 122,746
--------
---------------------------------------- -----------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
---------------------------------------- -----------------------------
e) Date of the transaction 20 June 2019
---------------------------------------- -----------------------------
f) Place of the transaction Outside a trading
venue
---------------------------------------- -----------------------------
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END
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