Diurnal Group PLC Director/PDMR Shareholding (4581E)
08 May 2017 - 7:03PM
UK Regulatory
TIDMDNL
RNS Number : 4581E
Diurnal Group PLC
08 May 2017
8 May 2017
Diurnal Group plc
("Diurnal" or the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
On 8 May 2017 the following par value options over ordinary
shares of 5 pence in Diurnal were granted under the Diurnal Group
plc Long Term Incentive Plan (the "Plan") to persons discharging
managerial responsibilities ("PDMR"):
PDMR Total no. of shares Type of awards
under award
--------------- -------------------- ------------------
Richard Bungay 404,762 Performance Share
Award
--------------- -------------------- ------------------
The performance share awards will ordinarily vest no earlier
than 8 November 2019 subject to the grantee's continued service and
to the extent to which the performance conditions set for the
awards are satisfied. Such awards may potentially vest until 8
November 2021.
The awards were granted under award agreements that incorporated
the terms of the Plan and comprised a mix of tax-favoured 'EMI'
awards and non-tax favoured awards.
The exercise price payable per share under award is par value
presently being 5 pence per ordinary share.
Details of the full notifications received by the Company are
set out below:
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------------
a) Name Richard Bungay
--- ------------------------------- -------------------------------------
2 Reason for Notification
--- ----------------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ----------------------------------------------------------------------
a) Name Diurnal Group plc
--- ------------------------------- -------------------------------------
b) LEI N/A
--- ------------------------------- -------------------------------------
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 Ordinary Shares of 5 pence each
the financial instrument, in Diurnal Group plc
type of instrument GB00BDB6Q760
Identification
code
--- ------------------------------- -------------------------------------
b) Nature of the transaction Grant of awards under the Diurnal
Group plc Long Term Incentive
Plan as par value options as
follows:
EMI performance share award
over 198,412 ordinary shares
Non-EMI performance share award
over 206,350 ordinary shares.
The performance share award
will ordinarily vest no earlier
than 8 November 2019 subject
to continued service and to
the extent to which the performance
conditions set for the awards
are satisfied. Such award may
potentially vest until 8 November
2021.
The exercise price payable per
share under award is par value
presently being 5 pence per
ordinary share.
--- ------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 198,412
---------- ----------
Nil 206,350
---------- ----------
--- ------------------------------- -------------------------------------
d) Aggregated information Award over total of 404,762
* Aggregated volume ordinary shares. Nil price payable
for grant.
* Price
--- ------------------------------- -------------------------------------
e) Date of the transaction 8 May 2017
--- ------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------------
For further information, please visit www.diurnal.co.uk
or contact:
+44 (0)20 3727
Diurnal Group plc 1000
Martin Whitaker, Chief Executive
Officer
Richard Bungay, Chief Financial
Officer
Numis Securities Ltd (Nominated +44 (0)20 7260
Adviser) 1000
Nominated Adviser: Michael Meade,
Freddie Barnfield, Paul Gillam
Corporate Broking: James Black
Panmure Gordon (UK) Limited (Joint +44 (0) 20 7886
Broker) 2500
Corporate Finance: Freddy Crossley
/ Duncan Monteith
Corporate Broking: Tom Salvesen
+44 (0)20 3727
FTI Consulting 1000
Simon Conway
Victoria Foster Mitchell
This information is provided by RNS
The company news service from the London Stock Exchange
END
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