Director/PDMR Shareholding

Brooks Macdonald Group PLC

29 September 2023

 

Brooks Macdonald Group plc

(the "Company")

Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") in accordance with the UK Market Abuse Regulations. 

On 28 September 2023, the Company granted pursuant to the 2018 Brooks Macdonald Long Term Incentive Plan (the "Plan") nil price options (the "LTIP Awards") over the ordinary shares of 1 pence each in the Company (the "Shares") to the following PDMRs:

PDMR	Number of Shares Over Which LTIP Awards are Granted
Robin Eggar	5,695
Richard Hughes	4,272

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 LTIP Awards will vest and become exercisable in full subject to both the following performance conditions being met:

i)          the maintenance of a satisfactory risk, compliance, governance and internal control environment; and

ii)        a Remuneration Committee assessment that the value being delivered on vesting is commensurate with the underlying financial performance of the Company over the three-year vesting period.

Further the LTIP Awards are also subject to continued employment and malus and clawback provisions.

Holding period

The LTIP Awards shall be subject to a compulsory, holding period of a further two years from the date the award vests and becomes exercisable.

Timetable

The LTIP Awards is expected to vest and become exercisable from 28 September 2026, following the announcement of the Company's results for the year ended 30 June 2026 and the holding period restriction is expected to expire on 28 September 2028.

On 28 September 2023, the Company granted pursuant to the Plan nil price options (the "DBP Awards") over Shares to the following PDMRs under the Company's Deferred Bonus Plan:

PDMR	Number of Shares Over Which Awards are Granted
Andrew Shepherd	8,001
Robin Eggar	3,512
Richard Hughes	2,468

The DBP Awards vest and become exercisable in three equal tranches on 28 September 2024, 28 September 2025 and 28 September 2026. There are no performance conditions or holding periods associated with the DBP Awards.

As at today's date, the LTIP Awards and DBP Awards together represent 0.15% of the total voting rights of the Company.

ANNEX

The notification below, made in accordance with the UK Market Abuse Regulations, provides further details:

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Robin Eggar
2.	Reason for the notification
(a)	Position/status	Managing Director, Head of UK Investment Management
(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	Options over ordinary shares of 1pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of a nil price options over the ordinary shares of 1 pence each in the Company
(c)	Price(s) and volume(s)	Volume granted: 5,695 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	28 September 2023
	Place of the transaction	Outside of a main market

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Richard Hughes
2.	Reason for the notification
(a)	Position/status	CEO International
(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	Options over ordinary shares of 1pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of nil price options over the ordinary shares of 1 pence each in the Company
(c)	Price(s) and volume(s)	Volume granted: 4,272 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	28 September 2023
	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
(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	Options over ordinary shares of 1pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of nil price options over the ordinary shares of 1 pence each in the Company
(c)	Price(s) and volume(s)	Volume granted: 8,001 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	28 September 2023
	Place of the transaction	Outside of a main market

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Robin Eggar
2.	Reason for the notification
(a)	Position/status	Managing Director, Head of UK Investment Management
(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	Options over ordinary shares of 1pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of nil price options over the ordinary shares of 1 pence each in the Company
(c)	Price(s) and volume(s)	Volume granted: 3,512 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	28 September 2023
	Place of the transaction	Outside of a main market

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Richard Hughes
2.	Reason for the notification
(a)	Position/status	CEO International
(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	Options over ordinary shares of 1pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of nil price options over the ordinary shares of 1 pence each in the Company
(c)	Price(s) and volume(s)	Volume granted: 2,468 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	28 September 2023
	Place of the transaction	Outside of a main market

Enquiries:

Brooks Macdonald Group PLC
Andrew Shepherd, CEO	[phone]
Andrea Montague, CFO	[phone]
Peel Hunt LLP
Paul Shackleton  / John Welch	[phone]

LEI: 213800WRDF8LB8MIEX37

 

END