TIDMHYVE
RNS Number : 2014B
Hyve Group PLC
28 January 2020
28 January 2020
Hyve Group plc
('Hyve' or 'the Company')
Director/PDMR Shareholding
HYVE GROUP PLC - NOTIFICATION OF TRANSACTIONS OF DIRECTORS,
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED
PERSONS
Hyve Group plc announces that on 23 January 2020 the following
Directors and Persons Discharging Managerial Responsibility have
been awarded Nominal Options over ordinary shares of 1 pence each
of the Company under the Rules of the Hyve Group plc Employees'
Performance Share Plan 2014 (as amended in 2019) ('PSP') as shown
below.
Name Title Number of shares under
PSP Awards
Andrew Beach Chief Financial Officer 220,149
------------------------- -----------------------
John Gulliver Chief Operating Officer 192,164
------------------------- -----------------------
Corina Holmes Chief People Officer 167,910
------------------------- -----------------------
Helen Milburn General Counsel 132,929
------------------------- -----------------------
Mark Shashoua Chief Executive Officer 458,955
------------------------- -----------------------
Subject to the terms of the PSP, the awards will vest and become
exercisable from the third anniversary of the grant of the awards
subject to continued service and to the extent to which the
relevant performance conditions are satisfied over the three
financial years ending 30 September 2022.
Performance conditions
Similar to the awards made in prior years, the performance
conditions applied to these awards are a combination of financial
and TSR performance targets as follows:
Earnings per share (40% weighting)
2022 Headline diluted % of EPS part
EPS vesting
Less than 6.0p 0%
----------------
6.0p 30% (CEO - 20%)
----------------
6.9p 100%
----------------
Vesting will be on a straight-line basis between 6.0p and
6.9p.
Relative Total Shareholder Return (40% weighting)
Hyve TSR relative % of EPS part
to comparator group vesting
Below median 0%
----------------
Median 30% (CEO - 20%)
----------------
Upper quartile 100%
----------------
Vesting will be on a straight-line basis between the median and
upper quartile.
Return on Capital Employed (20% weighting)
2022 ROCE % of EPS part
vesting
Less than 10% 0%
----------------
10% 30% (CEO - 20%)
----------------
12% 100%
----------------
Vesting will be on a straight-line basis between 10% and
12%.
Set out below are the notifications made in accordance with
Article 19 of the EU Market Abuse Regulation.
For further information please contact:
Hyve Group plc
Jared Cranney, Company Secretary +44 (0)20 7596 5000
FTI Consulting
Charles Palmer/Chris Birt +44 (0)20 3727 1000
Notification of Dealing Form:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Beach
----------------------- ---------------------------------------------
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 Hyve Group plc
----------------------- ---------------------------------------------
b) LEI 549300ZOQOW485BCD047
----------------------- ---------------------------------------------
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 1 pence each
the financial
instrument, type
of instrument
Identification ISIN: GB0002520509
code
b) Nature of the Grant of 1p cost options under the Company's
transaction Employees' Performance Share Plan
----------------------- ---------------------------------------------
c) Price(s) and volume(s) Price per share Volume
1p 220,149
--------
----------------------- ---------------------------------------------
d) Aggregated Information n/a single transaction
Volume
Price
----------------------- ---------------------------------------------
e) Date of transaction 23 January 2020
----------------------- ---------------------------------------------
f) Place of transaction Outside a trading venue
----------------------- ---------------------------------------------
Notification of Dealing Form:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Gulliver
----------------------- ---------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chief Operating Officer
----------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Hyve Group plc
----------------------- ---------------------------------------------
b) LEI 549300ZOQOW485BCD047
----------------------- ---------------------------------------------
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 1 pence each
the financial
instrument, type
of instrument
Identification ISIN: GB0002520509
code
b) Nature of the Grant of 1p cost options under the Company's
transaction Employees' Performance Share Plan
----------------------- ---------------------------------------------
c) Price(s) and volume(s) Price per share Volume
1p 192,164
--------
----------------------- ---------------------------------------------
d) Aggregated Information n/a single transaction
Volume
Price
----------------------- ---------------------------------------------
e) Date of transaction 23 January 2020
----------------------- ---------------------------------------------
f) Place of transaction Outside a trading venue
----------------------- ---------------------------------------------
Notification of Dealing Form:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Corina Holmes
----------------------- ---------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chief People Officer
----------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Hyve Group plc
----------------------- ---------------------------------------------
b) LEI 549300ZOQOW485BCD047
----------------------- ---------------------------------------------
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 1 pence each
the financial
instrument, type
of instrument
Identification ISIN: GB0002520509
code
b) Nature of the Grant of 1p cost options under the Company's
transaction Employees' Performance Share Plan
----------------------- ---------------------------------------------
c) Price(s) and volume(s) Price per share Volume
1p 167,910
--------
----------------------- ---------------------------------------------
d) Aggregated Information n/a single transaction
Volume
Price
----------------------- ---------------------------------------------
e) Date of transaction 23 January 2020
----------------------- ---------------------------------------------
f) Place of transaction Outside a trading venue
----------------------- ---------------------------------------------
Notification of Dealing Form:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Helen Milburn
----------------------- ---------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status General Counsel
----------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Hyve Group plc
----------------------- ---------------------------------------------
b) LEI 549300ZOQOW485BCD047
----------------------- ---------------------------------------------
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 1 pence each
the financial
instrument, type
of instrument
Identification ISIN: GB0002520509
code
b) Nature of the Grant of 1p cost options under the Company's
transaction Employees' Performance Share Plan
----------------------- ---------------------------------------------
c) Price(s) and volume(s) Price per share Volume
1p 132,929
--------
----------------------- ---------------------------------------------
d) Aggregated Information n/a single transaction
Volume
Price
----------------------- ---------------------------------------------
e) Date of transaction 23 January 2020
----------------------- ---------------------------------------------
f) Place of transaction Outside a trading venue
----------------------- ---------------------------------------------
Notification of Dealing Form:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Shashoua
----------------------- ---------------------------------------------
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 Hyve Group plc
----------------------- ---------------------------------------------
b) LEI 549300ZOQOW485BCD047
----------------------- ---------------------------------------------
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 1 pence each
the financial
instrument, type
of instrument
Identification ISIN: GB0002520509
code
b) Nature of the Grant of 1p cost options under the Company's
transaction Employees' Performance Share Plan
----------------------- ---------------------------------------------
c) Price(s) and volume(s) Price per share Volume
1p 458,955
--------
----------------------- ---------------------------------------------
d) Aggregated Information n/a single transaction
Volume
Price
----------------------- ---------------------------------------------
e) Date of transaction 23 January 2020
----------------------- ---------------------------------------------
f) Place of transaction Outside a trading venue
----------------------- ---------------------------------------------
About Hyve Group plc
Hyve Group plc is a next generation FTSE 250 global events
business whose purpose is to create unmissable events, where
customers from all corners of the globe share extraordinary moments
and shape industry innovation. Hyve Group plc was announced as the
new brand name of ITE Group plc in September 2019, following its
significant transformation under the Transformation and Growth
(TAG) programme. Our vision is to create the world's leading
portfolio of content-driven, must-attend events delivering an
outstanding experience and ROI for our customers.
Where business is personal, where meetings move markets and
where today's leaders inspire tomorrow's.
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
DSHBPMATMTJTBAM
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