Director/PDMR Shareholding

RNS Number : 3502V

Brooks Macdonald Group PLC

05 April 2019

 

Brooks Macdonald Group PLC

(the "Company")

Director/PDMR Shareholding

On 4 April 2019, the Company granted pursuant to the 2018 Brooks Macdonald Long Term Incentive Plan (the "Plan") for the financial year ended 30 June 2018,  26,593 performance based restricted shares in the form of conditional share awards (the "Awards") over the ordinary shares of 1 pence each in the Company (the "Shares") to the following PDMRs:

PDMR	Number of Shares Over Which Awards are Granted
Caroline Connellan	9,682
Thomas Emery	3,100
Andrew Shepherd	4,827
Richard Spencer	4,381
Jason Wood	4,603

The Plan has been established to retain and incentivise key executives in order to deliver sustainable growth and in addition to align further the interests of those executives with those of shareholders.

Vesting of Awards

The Awards will vest in full subject to both the following performance conditions being met:

·     Average Group FUM for the financial year ending immediately prior to the Date of Vesting exceeding the Average Group FUM for the financial year ending immediately prior to the Date of Grant.

·     The Total Dividend in the financial year ending immediately prior to Date of Vesting being greater than the Total Dividend in the financial year ending immediately prior to the Date of Grant.

The above conditions are subject to an additional discretionary underpin based on, inter alia, a satisfactory risk, compliance, governance and internal control environment across the Vesting Period.  Further the Awards are also subject to continued employment and malus and clawback provisions.

Holding period

The Awards shall be subject to a compulsory, holding period of a further two years from the Date of Vesting.

Timetable and Awards Outstanding

The Awards are expected to vest on 1 November 2021, following the announcement of the Group's results for the year ended 30 June 2021 and the holding requirement is expected to lapse on 1 November 2023.

As at today's date, the Awards represents 0.19% of the total voting rights of the Company.

ANNEX

The notification below, made in accordance with the EU Market Abuse Regulation, provides further details:

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Caroline Connellan
2.	Reason for the 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	Brooks Macdonald Group plc
(b)	LEI	213800WRDF8LB8MIEX37
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 Identification code	Ordinary shares of  1pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of a performance based restricted shares in the form of a Conditional Share Award
(c)	Price(s) and volume(s)	Volume granted: 9,682 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	4 April  2019
	Place of the transaction	Outside of a main market

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Thomas Emery
2.	Reason for the notification
(a)	Position/status	HR Director
(b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Brooks Macdonald Group plc
(b)	LEI	213800WRDF8LB8MIEX37
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 Identification code	Ordinary shares of  1pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of a performance based restricted shares in the form of a Conditional Share Award
(c)	Price(s) and volume(s)	Volume granted: 3,100 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	4 April 2019
	Place of the transaction	Outside of a main market

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Andrew Shepherd
2.	Reason for the notification
(a)	Position/status	CEO International and Deputy 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	Brooks Macdonald Group plc
(b)	LEI	213800WRDF8LB8MIEX37
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 Identification code	Ordinary shares of  1pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of a performance based restricted shares in the form of a Conditional Share Award
(c)	Price(s) and volume(s)	Volume granted: 4,827 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	4 April 2019
	Place of the transaction	Outside of a main market

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Richard Spencer
2.	Reason for the notification
(a)	Position/status	Chief Investment Officer
(b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Brooks Macdonald Group plc
(b)	LEI	213800WRDF8LB8MIEX37
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 Identification code	Ordinary shares of  1pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of a performance based restricted shares in the form of a Conditional Share Award
(c)	Price(s) and volume(s)	Volume granted: 4,381 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	4 April 2019
	Place of the transaction	Outside of a main market
1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Jason Wood
2.	Reason for the notification
(a)	Position/status	Chief Operating Officer
(b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Brooks Macdonald Group plc
(b)	LEI	213800WRDF8LB8MIEX37
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 Identification code	Ordinary shares of  1pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of a performance based restricted shares in the form of a Conditional Share Award
(c)	Price(s) and volume(s)	Volume granted: 4,603 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	4 April  2019
	Place of the transaction	Outside of a main market

Enquiries:

Brooks Macdonald Group PLC
Caroline Connellan, Chief Executive	[phone]
Ben Thorpe, Group Finance Director
Peel Hunt LLP
Guy Wiehahn	[phone]

LEI: 213800WRDF8LB8MIEX37

 

END

 

 

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