Daily Mail & General Director/PDMR Shareholding
14 June 2018 - 9:09PM
UK Regulatory
TIDMDMGT
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
The information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
The Company has today confirmed long term awards under the DMGT Long Term
Executive Incentive Plan 2017 as outlined in our Remuneration Policy and in the
Company's 2017 Annual Report.
The outcome will be delivered in A Ordinary non-voting shares upon vesting at
the end of FY 2020, calculated by reference to a share price of GBP5.63 (the
average share price for the first 3 days following the release of FY 2017
results).
The outcome for each participant is subject to a maximum. Awards would only
vest at the maximum level were a highly exceptional level of performance to be
met.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Lord Rothermere
2 Reason for the notification
a) Position/status Chairman
b) Initial notification/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
instrument, type of instrument
Identification code GB0009457366
b) Nature of the transaction Grant of award under the Daily Mail and General Trust Long
Term Executive Incentive Plan 2017. The Award is subject
to continued service and performance conditions, the value
of which will be delivered in ordinary non-voting shares
upon vesting calculated by reference to the share price as
at the start of the performance period of GBP5.63.
c) Price(s) and volume(s) Price Volume(s)
(s)
GBP0 Such number of ordinary non-voting shares as equal
0.625% of the eligible profit below target and
2.5% of the eligible profit above target before
tax, based on a share price of GBP5.63 after a
charge for capital used, over the 3 years to 30
September 2020.
Subject to a maximum of 666,271 shares.
d) Aggregated information Not applicable, single transaction.
- Aggregated volume
- Price
e) Date of the transaction 14 June 2018
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Paul Zwillenberg
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
instrument, type of instrument
Identification code GB0009457366
b) Nature of the transaction Grant of award under the Daily Mail and General Trust Long
Term Executive Incentive Plan 2017. The Award is subject
to continued service and performance conditions, the value
of which will be delivered in ordinary non-voting shares
upon vesting calculated by reference to the share price as
at the start of the performance period of GBP5.63.
c) Price(s) and volume(s) Price Volume(s)
(s)
GBP0 Such number of ordinary non-voting shares as equal
0.625% of the eligible profit below target and
2.5% of the eligible profit above target before
tax, based on a share price of GBP5.63 after a
charge for capital used, over the 3 years to 30
September 2020.
Subject to a maximum of 666,271 shares.
d) Aggregated information Not applicable, single transaction.
- Aggregated volume
- Price
e) Date of the transaction 14 June 2018
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Timothy Collier
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 Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
instrument, type of instrument
Identification code GB0009457366
b) Nature of the transaction Grant of award under the Daily Mail and General Trust Long
Term Executive Incentive Plan 2017. The Award is subject
to continued service and performance conditions, the value
of which will be delivered in ordinary non-voting shares
upon vesting calculated by reference to the share price as
at the start of the performance period of GBP5.63.
c) Price(s) and volume(s) Price Volume(s)
(s)
GBP0 Such number of ordinary non-voting shares as equal
0.375% of the eligible profit below target and
1.5% of the eligible profit above target before
tax, based on a share price of GBP5.63 after a
charge for capital used, over the 3 years to 30
September 2020.
Subject to a maximum of 399,763 shares.
d) Aggregated information Not applicable, single transaction.
- Aggregated volume
- Price
e) Date of the transaction 14 June 2018
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Kevin Beatty
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 Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
instrument, type of instrument
Identification code GB0009457366
b) Nature of the transaction Grant of award under the Daily Mail and General Trust Long
Term Executive Incentive Plan 2017. The Award is
structured as a cash award, subject to continued service
and performance conditions, the value of which will be
delivered in ordinary non-voting shares upon vesting
calculated by reference to the share price as at the start
of the performance period of GBP5.63.
c) Price(s) and volume(s) Price Volume(s)
(s)
GBP0 Such number of ordinary non-voting shares as equal
0.375% of the eligible profit below target and
1.5% of the eligible profit above target before
tax, based on a share price of GBP5.63 after a
charge for capital used, over the 3 years to 30
September 2020.
Subject to a maximum of 399,763 shares.
d) Aggregated information Not applicable, single transaction.
- Aggregated volume
- Price
e) Date of the transaction 14 June 2018
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Ravinder Chandhok
2 Reason for the notification
a) Position/status Chief Technology Officer
b) Initial notification/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
instrument, type of instrument
Identification code GB0009457366
b) Nature of the transaction Grant of award under the Daily Mail and General Trust Long
Term Executive Incentive Plan 2017. The Award is
structured as a cash award, subject to continued service
and performance conditions, the value of which will be
delivered in ordinary non-voting shares upon vesting
calculated by reference to the share price of GBP6.06 on 16
January 2018, the date he was appointed.
c) Price(s) and volume(s) Price Volume(s)
(s)
GBP0 Such number of ordinary non-voting shares as equal
0.308% of the eligible profit below target and
0.617% of the eligible profit above target before
tax, based on a share price of GBP6.06 after a
charge for capital used, over the 3 years to 30
September 2020.
Subject to a maximum of 183,207 shares.
d) Aggregated information Not applicable, single transaction.
- Aggregated volume
- Price
e) Date of the transaction 14 June 2018
f) Place of the transaction London Stock Exchange (XLON)
Name of officer responsible for making notification:
Fran Sallas, Company Secretary DMGT, 0203 615 2904
END
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