Vesting of LTIP awards and PDMR notifications

Keystone Law Group PLC
22 June 2023
 

22 June 2023

 

 

Keystone Law Group Plc

('Keystone Law', the 'Group' or the 'Company')

 

Vesting of LTIP awards and PDMR notifications

 

Keystone Law Group plc (AIM: KEYS), the network and tech-enabled challenger law firm, announces that the Company has issued 32,599 ordinary shares in the capital of the Company ("Ordinary Shares").  These shares have been allotted following achievement of the performance criteria required to vest 47.25% of the awards, to the beneficiaries of the share awards granted on 19 June 2019, under the Keystone Law Long Term Incentive Plan 2018 ('LTIP'). Application has been made to the London Stock Exchange for these Ordinary Shares to be admitted to trading on AIM ("Admission").It is expected that Admission will occur at 8:00 a.m. on 27 June 2023. The Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

 

Of these shares, 12,678 were allocated to PDMR's of the Group.

 

Name

Number of Shares

Ashley Miller (Executive Director, Finance Director)

6,339

William Robins (PDMR)

6,339

 

To pay the tax and NIC in relation to these shares Ashley Miller has sold 3,000 Ordinary Shares, at a price of 430 pence per Ordinary Share.  Following these transactions Ashley Miller now holds 211,831 Ordinary Shares in the Company representing 0.67% and William Robins now holds 582,357 Ordinary Shares in the Company representing 1.85%.

 

Set out below are the notifications, made in accordance with the requirements of the Market Abuse Regulation.

 






PDMR DEALING NOTIFICATION 

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

Vesting of shares from LTIP Award granted in June 2019 under the Keystone Law Long Term Incentive Plan

c 1)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

6,339

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

 

22 June 2023

f)

Place of the transaction

 

London






 

 

PDMR DEALING NOTIFICATION 

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

Sale of Ordinary Shares

c 1)

Price(s) and volume(s)

Price(s)

Volume(s)

4.30

3,000

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

 

22 June 2023

f)

Place of the transaction

 

London






 

 

PDMR DEALING NOTIFICATION 

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

Vesting of shares from LTIP Award granted in June 2019 under the Keystone Law Long Term Incentive Plan

c 1)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

6,339

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

 

22 June 2023

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 / Charlie Neish / Kate Kilgallen

keystonelaw@vigoconsulting.com

+44 (0)207 390 0233

 

 

 

Notes to editors

 

Keystone Law (AIM: KEYS), 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.

 

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END
 
 
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