15
May 2024
Keystone Law Group
Plc
('Keystone Law', the 'Group' or the 'Company')
Director / PDMR
shareholding
Keystone Law Group plc (AIM:
KEYS), the network and tech-enabled
challenger law firm, announces that the following awards have been
granted over ordinary shares in the capital of the Company under
the Keystone Law Long Term Incentive Plan 2018
('LTIP').
|
Name
|
Number of Shares subject to
variation
|
|
Ashley Miller (Executive Director,
Finance Director)
|
22,085
|
|
William Robins (PDMR)
|
22,085
|
The LTIP Awards have been granted as
performance share awards and will vest on the third anniversary of
their grant subject to the grantee's continued employment and to
the extent to which the adjusted Earnings Per Share ('EPS') and
Relative Total Shareholder Return ('TSR') performance conditions
set out in the LTIP Award are met.
80% of the LTIP Awards will be
assessed on growth in adjusted EPS over the three-year period, with
compound annual growth ('CAGR') of less than 3.0% delivering none
of this element of the LTIP Award, 3.0% CAGR delivering 20% of this
element of the LTIP Award and 100% of this element being granted
for delivery of 5.9% CAGR in adjusted EPS over the three-year
period.
20% of the LTIP Awards will be
assessed on the TSR of the Company over the three-year period
relative to that of those companies included in the FTSE Fledgling
Index throughout the Performance Period; with 100% being awarded
for performance in the top quartile, 50% for performance in the
second quartile and nothing awarded for performance below the
median.
In addition, the recipients of the
LTIP Awards will be required to retain shares awarded under the
LTIP awards for one year from the vesting date subject to the
ability to sell sufficient shares to discharge any tax
liability.
Set out below are the notifications,
made in accordance with the requirements of the Market Abuse
Regulation, in relation to the variation of the LTIP
Awards.
|
PDMR DEALING NOTIFICATION TEMPLATE
|
|
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
|
Ashley Rupert James Patrick
Miller
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Finance Director
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Keystone Law Group plc
|
|
b)
|
Legal Entity Identifier
|
213800RTARHELL51S215
|
|
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, type of instrument
|
Ordinary shares of £0.002 each in
Keystone Law Group plc
|
|
Identification code
|
GB00BZ020557
|
|
b 1)
|
Nature of the transaction
|
Grant of LTIP Award under the
Keystone Law Long Term Incentive Plan. The Award is
structured as a performance share award which shall ordinarily vest
on the third anniversary of its grant date subject to continued
service and to the extent to which the performance conditions set
for the Award are satisfied.
|
|
c 1)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
|
22,085
|
|
b 2)
|
Nature of the transaction
|
|
|
c 2)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
|
d)
|
Aggregated information
|
Not applicable single
transaction
|
|
- Aggregated volume
|
|
- Price
|
|
e)
|
Date of the transaction
|
14 May 2024
|
|
f)
|
Place of the transaction
|
London
|
|
PDMR DEALING NOTIFICATION TEMPLATE
|
|
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
|
William Robins
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Keystone Law Group plc
|
|
b)
|
Legal Entity Identifier
|
213800RTARHELL51S215
|
|
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, type of instrument
|
Ordinary shares of £0.002 each in
Keystone Law Group plc
|
|
Identification code
|
GB00BZ020557
|
|
b 1)
|
Nature of the transaction
|
Grant of LTIP Award under the
Keystone Law Long Term Incentive Plan. The Award is
structured as a performance share award which shall ordinarily vest
on the third anniversary of its grant date subject to continued
service and to the extent to which the performance conditions set
for the Award are satisfied.
|
|
c 1)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
Nil
|
22,085
|
|
b 2)
|
Nature of the transaction
|
|
|
c 2)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
|
|
|
d)
|
Aggregated information
|
Not applicable single
transaction
|
|
- Aggregated volume
|
|
- Price
|
|
e)
|
Date of the transaction
|
14 May 2024
|
|
f)
|
Place of the transaction
|
London
|
-ENDS-
For
further information please contact:
Keystone Law Group plc
James Knight, Chief Executive
Officer
Ashley Miller, Finance
Director
www.keystonelaw.com
+44 (0) 20 3319 3700
Panmure Gordon (UK) Limited (Nominated Adviser and Joint
Broker)
Dominic Morley (Corporate
Finance)
Rupert Dearden (Corporate
Broking)
www.panmure.com
+44 (0) 20 7886 2500
Investec Bank plc (Joint Broker)
Carlton Nelson
James Rudd
www.investec.co.uk
+44 (0) 20 7597 5970
Vigo
Consulting (Financial Public Relations)
Jeremy Garcia / Fiona Hetherington /
Aisling Fitzgerald
keystonelaw@vigoconsulting.com
+44 (0)207 390 0233
Notes to editors
Keystone Law (AIM: KEY), is an
award-winning, UK Top 100, law firm, providing conventional legal
services in a £10bn addressable market through its scalable and
unique model, with three defining characteristics:
· Lawyers
have freedom, flexibility and autonomy, and are paid up to 75% of
what they bill.
· Lawyers
determine how, when and where they work, in contrast to the
conventional law firm model.
· Lawyers
are provided full infrastructure and support via its central office
team, bespoke user-friendly IT platform, and network of colleagues
and events.
Keystone Law is a full-service law
firm, with 20 service areas and more than 50 industry sectors
delivered by nearly 400 high calibre self-employed Principal
lawyers who work from their own offices.
In November 2020, Keystone Law was
named Law Firm of the Year by The Lawyer, the first time a 'new'
law firm has won the award.
More information about Keystone can
be found at www.keystonelaw.co.uk.