Hill & Smith PLC Director/PDMR Shareholding
20 September 2024 - 7:57PM
RNS Regulatory News
RNS Number : 0656F
Hill & Smith PLC
20 September 2024
Hill & Smith PLC ('Hill &
Smith' or 'the Company')
20 September 2024
Grant of Awards under the Hill & Smith 2023 Long-Term
Incentive Plan ('LTIP')
On 19 September 2024 (the 'Grant
Date') the Company granted an award in the form of a nil cost
option over a total of 24,552 ordinary shares in the Company to
Rutger Helbing, the Company's Chief Executive Officer, under the
LTIP (the 'Award').
The Award will vest based on the
achievement of relative Total Shareholder Return (50%) and
Underlying EPS Growth (50%) performance conditions measured over a
3-year performance period. The detailed performance conditions will
be provided in the 2024 Directors' Remuneration Report.
The Award will (subject to the
achievement of the performance conditions) vest following the end
of the performance period but will not ordinarily be exercisable
until the end of a further two-year holding period.
The number of ordinary shares over
which the award was granted was based on a share price of 2,046
pence per ordinary share, being the average mid-market closing
share price for the three business days prior to the grant date, as
derived from the London Stock Exchange daily official
list.
As a result of these transactions
Rutger Helbing holds share options over 24,552 ordinary shares in
the Company.
Enquiries:
Karen Atterbury
Company Secretary
0121 704 7430
2024 LTIP Award
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
(a)
|
Name
|
Rutger Helbing
|
|
2.
|
Reason for the notification
|
|
(a)
|
Position/status
|
Chief Executive Officer
|
|
(b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3.
|
Details of the issuer
|
|
(a)
|
Name
|
Hill & Smith PLC
|
|
(b)
|
LEI
|
2138003A3ISGQZBOWI83
|
|
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
Instrument
|
Ordinary shares of £0.25
each
|
|
|
Identification code of the Financial
Instrument
|
GB0004270301
|
|
(b)
|
Nature of the transaction
|
Grant of 2024 LTIP award (in the
form of a nil-cost option to acquire ordinary shares in the
Company)
|
|
(c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume
|
|
Nil
|
24,552
|
|
|
|
|
|
(d)
|
Aggregated information:
- Aggregated
volume
- Price
|
|
Price(s)
|
Volume
|
|
Nil
|
24,552
|
|
|
(e)
|
Date of the transaction
|
19 September 2024
|
|
(f)
|
Place of the transaction
|
Outside a trading venue
|
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END
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