Pinewood Technologies Group PLC Notification of Transactions by PDMRs
16 July 2024 - 4:00PM
RNS Regulatory News
RNS Number : 4835W
Pinewood Technologies Group PLC
16 July 2024
16 July 2024
Pinewood Technologies Group PLC (the
"Company")
Notification and public disclosure of
transactions by PDMRs
Conditional
awards under the Pinewood Technologies Group Long Term Incentive
Plan ("LTIP")
The Company announces that it has granted
awards in the form of conditional share awards ("LTIP Awards") over ordinary shares of
the Company of £1.00 each ("Shares") pursuant to the Company's LTIP
on 15 July 2024 to the Executive Directors listed
below:-
|
Director
|
Number Shares under LTIP
Award
|
|
William Berman
|
1,256,067
|
|
Oliver Mann
|
291,262
|
The normal vesting date of the LTIP Awards will
be the third anniversary of the grant date.
Vesting of the LTIP Awards is subject to
continued service and satisfaction of a primary performance
condition based on absolute Total Shareholder Return ("TSR"). TSR performance will be measured
against stretching targets to reflect the accelerated growth
strategy of the Company. In addition to the absolute TSR targets,
the LTIP Awards are also subject to three performance underpins. To
the extent that one or more of the underpins are not considered to
be met, the Remuneration Committee retains the discretion to reduce
award levels appropriately (including to zero).
Further detail regarding the TSR performance
condition and underpins are set out in the notice of the General
Meeting of the Company held on 26 June 2024.
Conditional
award under the Pinewood Technologies Group Deferred Share Plan
("DSP")
The Company announces that it has granted an
award in the form of a conditional share award ("DSP Award") over Shares pursuant to the
Company's DSP on 15 July 2024 to the following executive director
listed below:-
|
Director
|
Number Shares under DSP
Award
|
|
William Berman
|
400,485
|
The DSP Award will ordinarily become
exercisable on the third anniversary of grant subject to the
grantee's continued service.
Further detail regarding the DSP Award is set
out in the notice of the General Meeting of the Company held on 26
June 2024.
The following notifications are made in
accordance with the requirements of Article 19 of the UK Market
Abuse Regulation.
|
1
|
Details of the
person discharging managerial responsibilities/persons closely
associated
|
|
a)
|
Name
|
William Berman
|
|
2
|
Reason for
notification
|
|
a)
|
Position/Status
|
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
|
Pinewood Technologies Group PLC
|
|
b)
|
LEI
|
213800VRSPZFOGMMIS18
|
|
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 and identification code
|
Ordinary Shares of £1.00 each
ISIN: GB00BSB7BS06
|
|
b)
|
Nature of transaction
|
Grant of a conditional share award over Shares
under the Company's Long Term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
1,256,067
|
|
|
d)
|
Aggregated Information
|
Not applicable - single transaction
|
|
e)
|
Date of transaction
|
15 July 2024
|
|
f)
|
Place of transaction
|
Outside of a trading venue
|
|
|
|
| |
|
1
|
Details of the
person discharging managerial responsibilities/persons closely
associated
|
|
a)
|
Name
|
Oliver Mann
|
|
2
|
Reason for
notification
|
|
a)
|
Position/Status
|
Chief Financial Officer
|
|
b)
|
Initial notification/amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Pinewood Technologies Group PLC
|
|
b)
|
LEI
|
213800VRSPZFOGMMIS18
|
|
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 and identification code
|
Ordinary Shares of £1.00 each
ISIN: GB00BSB7BS06
|
|
b)
|
Nature of transaction
|
Grant of a conditional share award over Shares
under the Company's Long Term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
291,262
|
|
|
d)
|
Aggregated Information
|
Not applicable - single transaction
|
|
e)
|
Date of transaction
|
15 July 2024
|
|
f)
|
Place of transaction
|
Outside of a trading venue
|
|
|
|
| |
|
1
|
Details of the
person discharging managerial responsibilities/persons closely
associated
|
|
a)
|
Name
|
William Berman
|
|
2
|
Reason for
notification
|
|
a)
|
Position/Status
|
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
|
Pinewood Technologies Group PLC
|
|
b)
|
LEI
|
213800VRSPZFOGMMIS18
|
|
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 and identification code
|
Ordinary Shares of £1.00 each
ISIN: GB00BSB7BS06
|
|
b)
|
Nature of transaction
|
Grant of a conditional share award over Shares
under the Company's Deferred Share Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
400,485
|
|
|
d)
|
Aggregated Information
|
Not applicable - single transaction
|
|
e)
|
Date of transaction
|
15 July 2024
|
|
f)
|
Place of transaction
|
Outside of a trading venue
|
|
|
|
| |
OLIVER
MANN
COMPANY
SECRETARY
16 July
2024
Enquiries:
Headland
Henry Wallers
Tel: 0203 805 4822
Jack
Gault
-ENDS-
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