Euromoney Institutional InvestorPLC Director/PDMR Shareholding (4357Q)
19 June 2020 - 4:00PM
UK Regulatory
TIDMERM
RNS Number : 4357Q
Euromoney Institutional InvestorPLC
19 June 2020
EUROMONEY INSTITUTIONAL INVESTOR PLC
GRANT OF SHARE OPTIONS
19 June 2020
Euromoney Institutional Investor PLC (the "Company") announces
that on 16 June 2020 share awards (the "Awards") in the form of
conditional share awards or nil-cost options over Ordinary shares
in the Company ("Shares") were made to the following persons
discharging managerial responsibilities ("PDMRs") in the Company,
under the 2015 Performance Share Plan ("2015 PSP") as follows:
Name Position Maximum number of Shares
under Award ("Award Shares")
A Rashbass CEO 156,480
W Pallot CFO 66,987
The number of Award Shares set out above is the maximum number
which may vest under the Awards. The actual number of Award Shares
which vest will depend on the extent to which a performance measure
relating to relative Total Shareholder Return has been satisfied
over a three-year period from 1 October 2019 and ending on 30
September 2022. The specific performance targets are set out
below:
Performance Measure Weighting Performance Target Vesting level
Relative TSR
vs FTSE 250 100% Upper Quartile 100%
---------- ------------------- --------------
Median 25%
---------- ------------------- --------------
A two-year holding period will apply in addition to the
performance period with vesting occurring on 16 June 2025.
The share price used to determine the number of shares awarded
was the average of the middle market quotations of an Ordinary
Share as derived from the Daily Official List for the five dealing
days preceding the date of grant.
The Remuneration Committee has carefully considered the quantum
of these awards in light of current market conditions. While the
share price is lower than at the time of the grant of previous PSP
awards, this is primarily due to external market factors rather
than factors specific to the Company. The Committee will closely
monitor the performance measure and will exercise its discretion as
appropriate to ensure that the final outcomes are warranted based
on Company performance in order to avoid windfall gains.
The information set out below is provided in accordance with the
requirements of the EU Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities/
person closely associated
a) Name Andrew Rashbass
--------------------------- --------------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------- --------------------------------------
b) Initial notification/ Initial notification
amendment
--------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Euromoney Institutional Investor PLC
--------------------------- --------------------------------------
b) LEI 213800PZU2RGHMHE2S67
--------------------------- --------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; (iv) each place where transactions have
been conducted
-------------------------------------------------------------------
a) Description of Ordinary shares of 0.25 pence each
the financial
instrument, type
of instrument
--------------------------- --------------------------------------
Identification GB0006886666
code
--------------------------- --------------------------------------
b) Nature of the Grant of options over 156,480 shares
transaction
--------------------------- --------------------------------------
c) Price(s), volume(s) Price(s) Volume(s)
Nil 156,480
----------
--------------------------- --------------------------------------
d) Aggregated information
* Aggregated volume 156,480 shares
--------------------------- --------------------------------------
Nil
* Price
--------------------------- --------------------------------------
e) Date of the transaction 16 June 2020
--------------------------- --------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/
person closely associated
a) Name Wendy Pallot
---------------------------- --------------------------------------
2. Reason for the notification
--------------------------------------------------------------------
a) Position/status Chief Financial Officer
---------------------------- --------------------------------------
b) Initial notification/ Initial notification
amendment
---------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Euromoney Institutional Investor PLC
---------------------------- --------------------------------------
b) LEI 213800PZU2RGHMHE2S67
---------------------------- --------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; (iv) each place where transactions have
been conducted
--------------------------------------------------------------------
a) Description of Ordinary shares of 0.25 pence each
the financial
instrument, type
of instrument
---------------------------- --------------------------------------
Identification GB0006886666
code
---------------------------- --------------------------------------
b) Nature of the Grant of options over 66,987 shares
transaction
---------------------------- --------------------------------------
c) Price(s), volume(s) Price(s) Volume(s)
Nil 66,987
----------
---------------------------- --------------------------------------
Aggregated information
d) * Aggregated volume 66,987
---------------------------- --------------------------------------
Nil
* Price
--------------------------------- --------------------------------------
e) Date of the transaction 16 June 2020
---------------------------- --------------------------------------
f) Place of the Outside a trading venue
transaction
---------------------------- --------------------------------------
Ends
Any queries in relation to this announcement should be made
to:
-- Tim Bratton, General Counsel & Company Secretary: +44 20
7779 8288; tim.bratton@euromoneyplc.com
About Euromoney Institutional Investor PLC
Euromoney is a global information business providing essential
B2B information to global and specialist markets. Euromoney
provides price discovery, market intelligence and events across our
segments. Euromoney is listed on the London Stock Exchange and is a
member of the FTSE 250 share index.
www.euromoneyplc.com
LEI number: 213800PZU2RGHMHE2S67
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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