Numis Corporation PLC Grant of awards under 2021 LTIP (0892M)
19 January 2021 - 6:00PM
UK Regulatory
TIDMNUM
RNS Number : 0892M
Numis Corporation PLC
19 January 2021
Numis Corporation Plc ("Numis")
Grant of awards under 2021 Long Term Incentive Plan (LTIP)
and
Notification of transactions by PDMRs
Embargoed for release 7.00 am, 19 January 2021
The Board announces that on 18 January 2021 the Company granted
1,298,507 performance shares under the Numis Corporation Long Term
Incentive Plan 2021 ("Awards") to the Executive Directors of the
Company. The grant of these Awards is in line with the updated
Remuneration policy set out in the Company's latest Annual Report
published on 5 January 2021.
Director Award shares
Alex Ham 567,164
-------------
Ross Mitchinson 567,164
-------------
Andrew Holloway 164,179
-------------
The vesting of the Award shares is conditional on meeting
performance conditions measured over a three-year period as
described below. The Awards are subject to a further one year
holding period during which vested awards cannot be sold.
Performance conditions
The Awards are subject to total shareholder return ("TSR")
growth measures. TSR growth will be calculated as the difference
between the 3 month average return index immediately before the
start of the performance period and the average return index
performance over the final 12 months of the 3 year performance
period.
TSR Performance target Percentage of Award vesting
Below 6% 0%
----------------------------------------
6% p.a. 25%
----------------------------------------
6% - 20% p.a Between 25% and 100% on a straight-line
basis
----------------------------------------
20% p.a. 100%
----------------------------------------
Awards will also be subject to an underpin whereby the
Remuneration Committee will need to be satisfied that vesting is
warranted based on financial, compliance, culture and risk
performance over the performance period including an assessment of
Numis' financial performance when measured against its peers, over
the performance period.
Shareholding requirement
To coincide with the new LTIP plan, shareholding requirements
have been introduced for the Executive Directors. Under this new
policy the Executive Directors are required to retain a percentage
of their salary in shares. The shareholding requirement will also
continue one year post cessation.
Director Percentage of salary
Alex Ham 500%
---------------------
Ross Mitchinson 500%
---------------------
Andrew Holloway 200%
---------------------
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMR) AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibility
/ person closely associated
a) Name Alexander Ham
-------------------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status PDMR (Joint Chief Executive
Officer)
-------------------------------------- ----------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Numis Corporation Plc
-------------------------------------- ----------------------------------------
b) LEI 213800AREEDZZCNBHD25
-------------------------------------- ----------------------------------------
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
--------------------------------------------------------------------------------
Description of the financial Share options
instrument, type of
instrument
-------------------------------------- ----------------------------------------
a) Identification code Ordinary share ISIN : GB00B05M6465
-------------------------------------- ----------------------------------------
b) Nature of transaction Grant of options over the ordinary
share capital of the Company
under the 2021 Long Term Incentive
Plan (2021 LTIP)
-------------------------------------- ----------------------------------------
Price(s) Volume(s)
-------------------------------------- ------------------- -------------------
c) Price(s) and volume(s) Nil cost 567,164
-------------------------------------- ------------------- -------------------
Aggregated information
---------------------------------------------------------------------------------------
Aggregated volume 567,164
-------------------------------------- -----------------------------------------------
d) Price Nil cost
-------------------------------------- ----------------------------------------
e) Date of transaction 18 January 2021
-------------------------------------- ----------------------------------------
f) Place of transaction UK, London Stock Exchange
-------------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibility
/ person closely associated
a) Name Ross Mitchinson
-------------------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status PDMR (Joint Chief Executive
Officer)
-------------------------------------- ----------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Numis Corporation Plc
-------------------------------------- ----------------------------------------
b) LEI 213800AREEDZZCNBHD25
-------------------------------------- ----------------------------------------
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
--------------------------------------------------------------------------------
Description of the financial Share options
instrument, type of
instrument
-------------------------------------- ----------------------------------------
a) Identification code Ordinary share ISIN : GB00B05M6465
-------------------------------------- ----------------------------------------
b) Nature of transaction Grant of options over the ordinary
share capital of the Company
under the 2021 Long Term Incentive
Plan (2021 LTIP)
-------------------------------------- ----------------------------------------
Price(s) Volume(s)
-------------------------------------- ------------------- -------------------
c) Price(s) and volume(s) Nil cost 567,164
-------------------------------------- ------------------- -------------------
Aggregated information
---------------------------------------------------------------------------------------
Aggregated volume 567,164
-------------------------------------- -----------------------------------------------
d) Price Nil cost
-------------------------------------- ----------------------------------------
e) Date of transaction 18 January 2021
-------------------------------------- ----------------------------------------
f) Place of transaction UK, London Stock Exchange
-------------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibility
/ person closely associated
a) Name Andrew Holloway
-------------------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status PDMR (Executive Director -Chief
Finance Director)
-------------------------------------- ----------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Numis Corporation Plc
-------------------------------------- ----------------------------------------
b) LEI 213800AREEDZZCNBHD25
-------------------------------------- ----------------------------------------
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
--------------------------------------------------------------------------------
Description of the financial Share options
instrument, type of
instrument
-------------------------------------- ----------------------------------------
a) Identification code Ordinary share ISIN : GB00B05M6465
-------------------------------------- ----------------------------------------
b) Nature of transaction Grant of options over the ordinary
share capital of the Company
under the 2021 Long Term Incentive
Plan (2021 LTIP)
-------------------------------------- ----------------------------------------
Price(s) Volume(s)
-------------------------------------- ------------------- -------------------
c) Price(s) and volume(s) Nil cost 164,179
-------------------------------------- ------------------- -------------------
Aggregated information
---------------------------------------------------------------------------------------
Aggregated volume 164,179
-------------------------------------- -----------------------------------------------
d) Price Nil cost
-------------------------------------- ----------------------------------------
e) Date of transaction 18 January 2021
-------------------------------------- ----------------------------------------
f) Place of transaction UK, London Stock Exchange
-------------------------------------- ----------------------------------------
The information contained within this announcement was
considered to be inside information, for the purposes of Article 7
of EU Regulation 596/2014, prior to its release.
19 January 2021
END
Contacts:
Numis Corporation:
Alex Ham & Ross Mitchinson, Co-Chief Executives 020 7260
1245
Andrew Holloway, Chief Financial Officer
020 7260 1266
Brunswick:
Nick Cosgrove
020 7404 5959
Simone Selzer
020 7404 5959
Grant Thornton UK LLP (Nominated Adviser):
Philip Secrett
020 7728 2578
Harrison Clarke
020 7184 4384
Notes for Editors
Numis is a leading independent investment banking group offering
a full range of research, execution, corporate broking and advisory
services to companies and their investors. Numis is listed on AIM,
and employs approximately 292 staff in London and New York.
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END
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