Brooks
Macdonald Group plc
(the
"Company" and together with its subsidiaries "Brooks Macdonald" or
the "Group")
Director/PDMR
Shareholding
Notification and public disclosure
of transactions by persons discharging managerial responsibilities
("PDMR") in accordance with
the UK Market Abuse Regulations.
On 27 February 2025, the Company
granted pursuant to the 2018 Brooks Macdonald Long Term Incentive
Plan (the "Plan") nil price
options (the "Executive LTIP
Awards") over the ordinary shares of 1 pence each in the
Company (the "Shares") to
the following PDMR:
|
PDMR
|
Number of
Shares Over Which Awards are Granted
|
|
Katherine Jones, CFO
|
52,540
|
The Plan has been established
to retain and incentivise the Executives in
order to deliver our ambitious growth aims and to closely align the
interests of executives with those of shareholders (as outlined in
the Directors' Remuneration Policy included in the Annual Report
and Accounts 2024).
Vesting of Awards
The Executive LTIP Awards will only
vest and become exercisable to the extent that stretching targets
are achieved over the three-year vesting period. The target metrics
will be based 50% on underlying, diluted earnings per share, 35% on
funds under management growth and 15% based on a basket of
environmental, social and governance based
metrics.
Further, the Executive LTIP Awards
are also subject to continued employment and malus and clawback
provisions.
Vesting timetable
To the extent that the necessary
performance conditions are achieved, the Executive LTIP Awards will
vest and become exercisable on 21 October
2027, following the announcement of the Group's
results for the year ended 30 June 2027.
Holding period
The Executive LTIP Awards shall be
subject to a compulsory, holding period of a further two years from
the date of vesting, and this is expected to lapse on 21 October 2029.
As at today's date, this Award
represents 0.32% of the total voting rights of the
Company.
ANNEX
The notification below, made in
accordance with the UK Market Abuse Regulation, provides further
details:
|
1.
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
(a)
|
Name
|
Katherine Jones
|
|
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
|
Brooks Macdonald Group
plc
|
|
(b)
|
LEI
|
213800WRDF8LB8MIEX37
|
|
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 1 pence
each
ISIN
GB00B067N833
|
|
(b)
|
Nature of the transaction
|
Grant of nil price options over
ordinary shares of 1 pence each in the Company
|
|
(c)
|
Price(s) and volume(s)
|
Volume granted: 52,540
Exercise Price(s): Nil
|
|
(d)
|
Aggregated information
|
Aggregated
volume: n/a
Aggregated price: n/a
|
|
|
Date of the transaction
|
27 February 2025
|
|
|
Place of the transaction
|
Outside of a trading
venue
|
Enquiries:
|
Brooks Macdonald Group plc
|
|
|
Andrea Montague, CEO
Katherine Jones, CFO
Alexander Holcroft, Interim Director
of Investor Relations
|
+44
(0)7418 923 061
|
|
|
|
|
Singer Capital Markets (Nominated Adviser and Joint
Broker)
Charles Leigh-Pemberton / James
Moat
|
+44 (0)20
7496 3000
|
|
Investec Bank plc (Joint Broker)
Christopher Baird / David
Anderson
|
+44 (0)20
7597 4000
|
LEI: 213800WRDF8LB8MIEX37
