FDM Group (Holdings) plc Director/PDMR Shareholding (2355Q)
05 June 2018 - 12:14AM
UK Regulatory
TIDMFDM
RNS Number : 2355Q
FDM Group (Holdings) plc
04 June 2018
4 June 2018
FDM Group (Holdings) plc
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARING
MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
PSP Award - 1 June 2018
On 1 June 2018 FDM Group (Holdings) plc ("FDM") granted awards
over ordinary shares in the Company under the FDM 2014 Performance
Share Plan (the "PSP"), as noted below.
The vesting of the awards is subject to the achievement of a
performance condition based upon the annual compound growth in
FDM's earnings per share over the three-year performance period
commencing with FDM's 2018 financial year. Ordinarily, the awards
and options will vest (subject to the achievement of the
performance condition) following the announcement of FDM's results
for its 2020 financial year.
Other than in the case of Jonathan Young, the awards have been
structured as "Approved PSP" ("APSP") awards to take account of
potential tax advantages for the participants and FDM. Each APSP
award consists of a tax qualifying option under the FDM Company
Share Option Plan (the "CSOP") over shares with a value of up to
GBP30,000 and with an exercise price of GBP10.21 per share, a
"Linked Award" under the PSP which is principally a funding award
to fund the exercise price of the CSOP option and a separate award
under the PSP in respect of the balance of the value of the award
above GBP30,000, as noted below.
Jonathan Young is not eligible to receive an award under the
CSOP and, accordingly, has received only an award under the PSP
Each award (including the Linked Awards) under the PSP has been
granted in the form of an option with an exercise price per share
of GBP0.01.
Name Number of shares Number of Maximum number
subject to shares subject of shares
PSP award to CSOP option subject to
Linked Award*
----------------- ----------------- ---------------- ---------------
Executive Directors
------------------------------------ ---------------- ---------------
Rod Flavell 15,562 2,938 2,938
----------------- ----------------- ---------------- ---------------
Sheila Flavell 15,562 2,938 2,938
----------------- ----------------- ---------------- ---------------
Andy Brown 15,562 2,938 2,938
----------------- ----------------- ---------------- ---------------
Mike McLaren 15,562 2,938 2,938
----------------- ----------------- ---------------- ---------------
Other Senior Managers
------------------------------------ ---------------- ---------------
Jonathan Young 18,500 N/A N/A
----------------- ----------------- ---------------- ---------------
Stewart Sharman 4,312 2,938 2,938
----------------- ----------------- ---------------- ---------------
*Each Linked Award is principally to fund the exercise price of
the CSOP option. If the CSOP option is exercised at a gain, the
Linked Award will be exercisable over such number of shares as have
a market value at the date of exercise equal to the aggregate
exercise price of the CSOP option. If the CSOP option is not
capable of exercise at a gain and is released, the Linked Award may
be exercised in respect of the number of shares in respect of which
it vests.
The notification below, made pursuant to Article 19 of
Regulation (EU) No 596/2014 on Market Abuse, provides further
information about these transactions.
1 Details of the person discharging managerial responsibilities / person closely associated
---- ----------------------------------------------------------------------------------------------------------------
(a) Name (i) Rod Flavell
(ii) Sheila Flavell
(iii) Andy Brown
(iv) Mike McLaren
(v) Jonathan Young
(vi) Stewart Sharman
---- ------------------- -------------------------------------------------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------------------------------
(a) Position/Status (i) Chief Executive Officer
(ii) Chief Operating Officer
(iii) Chief Commercial Officer
(iv) Chief Financial Officer
(v) Chief Information Officer
(vi) Senior Manager
---- ------------------- -------------------------------------------------------------------------------------------
(b) Initial Initial notification
notification /
Amendment
---- ------------------- -------------------------------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------------------------------------------------------------
(a) Name FDM Group (Holdings) Plc
---- ------------------- -------------------------------------------------------------------------------------------
(b) LEI 213800YR62D7GUZLMZ71
---- ------------------- -------------------------------------------------------------------------------------------
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 Ordinary shares of GBP0.01
financial
instrument, type
of instrument ISIN: GB00BLWDVP51
Identification
Code
---- ------------------- -------------------------------------------------------------------------------------------
(b) Nature of the Grant of awards over ordinary shares
transaction
---- ------------------- -------------------------------------------------------------------------------------------
(c) Price(s) and Name Price Number of ordinary Number of ordinary Maximum number of
volume(s) shares subject to shares subject to ordinary shares
PSP award CSOP option subject to Linked
Award
----------------- ------- ------------------- ------------------- ------------------
Rod Flavell Nil 15,562 2,938 2,938
----------------- ------- ------------------- ------------------- ------------------
Sheila Flavell Nil 15,562 2,938 2,938
----------------- ------- ------------------- ------------------- ------------------
Andy Brown Nil 15,562 2,938 2,938
----------------- ------- ------------------- ------------------- ------------------
Mike McLaren Nil 15,562 2,938 2,938
----------------- ------- ------------------- ------------------- ------------------
Jonathan Young Nil 18,500 N/A N/A
----------------- ------- ------------------- ------------------- ------------------
Stewart Sharman Nil 4,312 2,938 2,938
----------------- ------- ------------------- ------------------- ------------------
---- ------------------- -------------------------------------------------------------------------------------------
(d) Aggregated Information Name Number of ordinary
- Aggregated Volume shares subject
to awards in
total
-------------- -------------------
Rod Flavell 21,438
-------------- -------------------
Sheila
Flavell 21,438
-------------- -------------------
Andy Brown 21,438
-------------- -------------------
Mike McLaren 21,438
-------------- -------------------
- Price Jonathan
Young 18,500
-------------- -------------------
Stewart
Sharman 10,188
-------------- -------------------
N/A
----------- --------------------------------------------------- ----------------------------------------------------
(e) Date of the Transaction 1 June 2018
----------- --------------------------------------------------- ----------------------------------------------------
(f) Place of the Transaction Outside a trading venue
----------- --------------------------------------------------- ----------------------------------------------------
Name of authorised official of issuer responsible for making Mark Heather, Company Secretary, FDM Group
notification: (Holdings) Plc
---------------------------------------------------------------- ----------------------------------------------------
Enquiries:
FDM Mike McLaren - Chief Financial Officer 0203 056 8240
Weber Shandwick Nick Oborne / Tom Jenkins 020 7067 0000
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END
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