Director/PDMR Shareholding

RNS Number : 9045Z
Merit Group PLC
28 January 2022
 

28 January 2022

 

Merit Group plc

 

("Merit", the "Company" or "the Group")

 

Director/PDMR Shareholding

 

The Board of Merit Group plc (AIM: MRIT), the data and intelligence business, today announces that it has granted options ("Options") over ordinary shares of 28 pence each in the Company ("Ordinary Shares") to the following executive directors pursuant to the Company's Performance Share Plan ("PSP"), details of which were announced on 17 November 2021 .

 

The Options ordinarily become exercisable on the third anniversary of the date of announcement of the intention to grant. The performance condition for full vesting of the Proposed Options is based on the share price of the Company increasing by 100% from the closing price on the day prior to approval of the intention to grant the Proposed Options, which was 50.5 pence.

 

 

The Company has established an Employee Benefit Trust which the Company has committed to fund so that it can buy Ordinary Shares in the market to satisfy the exercise of the Proposed Options.

 

Details of the Options awarded are as follows:

 

Director

Position

Number of PSP Options granted

David Beck

Chief Executive Officer

762,376

Philip Machray

Chief Financial Officer

658,415

 

For further information, please contact: 

 

Merit Group plc

Mark Smith - Chairman 

David Beck - CEO

www.meritgroupplc.com

 

 

020 7593 5500

 

Canaccord Genuity Limited (Nomad and Broker)

Bobbie Hilliam   

Georgina McCooke

 

020 7523 8150

 

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

 

David Beck

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

 

C)

 

Name

 

Merit Group plc

b)

 

LEI

 

213800HG65J6TYGNJU20

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)

 

 

Options over ordinary shares of 28p each

 

ISIN: GB00BNYKJJ86

b)

 

Nature of the transaction

 

 

Award of Options

c)

 

Price(s) and volume(s)

 

 

 

Price (p)

Volume

nil

762,376

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

n/a (single transaction)

 

 

e)

 

Date of the transaction

 

27 January 2022

f)

 

Place of the transaction 

 

AIMX

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Philip Machray

2

 

Reason for the notification

 

a)

 

Position/status

 

CFO

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

C)

 

Name

 

Merit Group plc

b)

 

LEI

 

213800HG65J6TYGNJU20

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)

 

 

Options over ordinary shares of 28p each

 

ISIN: GB00BNYKJJ86

b)

 

Nature of the transaction

 

 

Award of Options

c)

 

Price(s) and volume(s)

 

 

 

Price (p)

Volume

nil

658,415

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

n/a (single transaction)

 

 

e)

 

Date of the transaction

 

27 January 2022

f)

 

Place of the transaction 

 

AIMX

 

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Merit Group (MRIT)
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