SimplyBiz Group PLC (The) Director/PDMR Dealing (6595E)
20 October 2018 - 1:16AM
UK Regulatory
TIDMSBIZ
RNS Number : 6595E
SimplyBiz Group PLC (The)
19 October 2018
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
The SimplyBiz Group plc (the "Company" or "SimplyBiz")
Director / PDMR Dealing
The SimplyBiz Group plc, the leading independent provider of
compliance and business services to financial advisers and
financial institutions in the UK, is pleased to announce that it
has launched a Save As You Earn ("SAYE") share scheme for all its
eligible permanent employees (as at 24 September 2018)
Eligible employees were invited to subscribe for options over
the Company's Ordinary Shares of 1 pence each at an exercise price
of 170.00 pence, representing approximately an 18% discount to the
closing middle market price of the Ordinary Shares on 21 September
2018 ("Options"), the dealing day before the invitation to
participate was made. The Options have a contract start date of 1
December 2018 and the scheme will run for a period of three
years.
A total of 153 employees elected to participate, representing
approximately 36% of the eligible population and pursuant to these
elections a total of 549,264 shares under Option have been granted,
equating to 0.72% of the current issued share capital.
Matt Timmins (Joint CEO), Gareth Hague (Finance Director), Sarah
Turvey (Chief Operating Officer and Company Secretary) and Gary
Kershaw (Compliance Director) of the Company, have elected to
participate in the SAYE scheme and are included in the total
figures above. Their individual Option pursuant to the SAYE scheme
are as follows:
Matt Timmins 10,588 shares under Option
Gareth Hague 5,294 shares under Option
Sarah Turvey 10,588 shares under Option
Gary Kershaw 10,588 shares under Option
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Matthew Lloyd Timmins
================================ =======================================
2 Reason for the notification
=========================================================================
a) Position/status Joint Chief Executive Officer (PDMR)
================================ =======================================
b) Initial notification/Amendment Initial notification
================================ =======================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=========================================================================
a) Name The SimplyBiz Group plc
================================ =======================================
b) LEI 213800DXP1VY21GCTH04
================================ =======================================
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 Ordinary Shares of GBP0.01 each in
instrument, type of instrument the capital of The SimplyBiz Group
plc ("Ordinary Shares")
Identification Code n/a
================================ =======================================
b) Nature of the transaction Grant of an option to acquire Ordinary
Shares at an option exercise price
of GBP1.70 per Ordinary Share made
pursuant to The SimplyBiz Group plc
Company SAYE share scheme.
================================ =======================================
c) Price(s) and volume(s) Price(s) 170p
Volume(s) 10,588
================================ =======================================
d) Aggregated information N/a - single transaction
================================ =======================================
e) Date of transaction 18 October 2018
================================ =======================================
f) Place of transaction Outside a trading venue
================================ =======================================
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Gareth Richard Hague
================================ =======================================
2 Reason for the notification
=========================================================================
a) Position/status Finance Director (PDMR)
================================ =======================================
b) Initial notification/Amendment Initial notification
================================ =======================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=========================================================================
a) Name The SimplyBiz Group plc
================================ =======================================
b) LEI 213800DXP1VY21GCTH04
================================ =======================================
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 Ordinary Shares of GBP0.01 each in
instrument, type of instrument the capital of The SimplyBiz Group
plc ("Ordinary Shares")
Identification Code n/a
================================ =======================================
b) Nature of the transaction Grant of an option to acquire Ordinary
Shares at an option exercise price
of GBP1.70 per Ordinary Share made
pursuant to The SimplyBiz Group plc
Company SAYE share scheme.
================================ =======================================
c) Price(s) and volume(s) Price(s) 170p
Volume(s) 5,294
================================ =======================================
d) Aggregated information N/a - single transaction
================================ =======================================
e) Date of transaction 18 October 2018
================================ =======================================
f) Place of transaction Outside a trading venue
================================ =======================================
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Sarah Turvey
================================ =======================================
2 Reason for the notification
=========================================================================
a) Position/status Chief Operating Officer / Company
Secretary (PDMR)
================================ =======================================
b) Initial notification/Amendment Initial notification
================================ =======================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=========================================================================
a) Name The SimplyBiz Group plc
================================ =======================================
b) LEI 213800DXP1VY21GCTH04
================================ =======================================
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 Ordinary Shares of GBP0.01 each in
instrument, type of instrument the capital of The SimplyBiz Group
plc ("Ordinary Shares")
Identification Code n/a
================================ =======================================
b) Nature of the transaction Grant of an option to acquire Ordinary
Shares at an option exercise price
of GBP1.70 per Ordinary Share made
pursuant to The SimplyBiz Group plc
Company SAYE share scheme.
================================ =======================================
c) Price(s) and volume(s) Price(s) 170p
Volume(s) 10,588
================================ =======================================
d) Aggregated information N/a - single transaction
================================ =======================================
e) Date of transaction 18 October 2018
================================ =======================================
f) Place of transaction Outside a trading venue
================================ =======================================
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Gary Kershaw
================================ =======================================
2 Reason for the notification
=========================================================================
a) Position/status Compliance Director (PDMR)
================================ =======================================
b) Initial notification/Amendment Initial notification
================================ =======================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=========================================================================
a) Name The SimplyBiz Group plc
================================ =======================================
b) LEI 213800DXP1VY21GCTH04
================================ =======================================
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 Ordinary Shares of GBP0.01 each in
instrument, type of instrument the capital of The SimplyBiz Group
plc ("Ordinary Shares")
Identification Code n/a
================================ =======================================
b) Nature of the transaction Grant of an option to acquire Ordinary
Shares at an option exercise price
of GBP1.70 per Ordinary Share made
pursuant to The SimplyBiz Group plc
Company SAYE share scheme.
================================ =======================================
c) Price(s) and volume(s) Price(s) 170p
Volume(s) 10,588
================================ =======================================
d) Aggregated information N/a - single transaction
================================ =======================================
e) Date of transaction 18 October 2018
================================ =======================================
f) Place of transaction Outside a trading venue
================================ =======================================
For further information please contact:
The SimplyBiz Group plc via Instinctif Partners
Matt Timmins (Joint Chief Executive
Officer)
Neil Stevens (Joint Chief Executive
Officer)
Zeus Capital (Nominated Adviser and
Sole Broker) +44 (0) 20 3829 5000
Martin Green (Corporate Finance)
Andrew Jones (Corporate Finance and
QE)
Pippa Hamnett (Corporate Finance)
Instinctif Partners +44 (0) 20 7457 2020
Giles Stewart
Rui Videira
Ambrose Fullalove
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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