Director/PDMR Shareholding

Network International Holdings PLC

16 August 2023

 

16 August 2023 

Network International Holdings plc

("Network International" or the "Group")

Notification and public disclosure of vesting of ADBP Awards to Directors and Persons Discharging Managerial Responsibilities ("PDMR")

This announcement is made in accordance with Article 19 of the Market Abuse Regulation ('MAR') and relates to the vesting of ADBP Awards of shares by the Executive Directors, who are also PDMRs, under the Company's Annual Deferred Bonus Plan ('ADBP').

These awards relate to the 2021 ADBP and are referred to in the Group's 2022 Annual Report and Accounts. The awards were conditional on continued employment with the Group which must be retained until the shareholding requirement is met. The awards are subject to malus and clawback provisions.

A copy of the FCA notification form in respect of vesting of the award to each PDMR, as required under the EU Market Abuse Regulation and in the prescribed format, is set out below.

Notification of a Transaction pursuant to Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nandan Mer
2	Reason for the notification
a)	Position/status	Group 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	Network International Holdings plc
b)	LEI	213800XVRNKWENNLKK60
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	Shares GB00BH3VJ782
b)	Nature of the transaction	Vesting of shares in respect of the Annual Deferred Bonus Plan 2021 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 46,602 ordinary shares
d)	Aggregated information - Aggregated volume - Price	46,602 Nil
e)	Date of the transaction	8 August 2023
f)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rohit Malhotra
2	Reason for the notification
a)	Position/status	Group 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	Network International Holdings plc
b)	LEI	213800XVRNKWENNLKK60
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	Shares GB00BH3VJ782
b)	Nature of the transaction	Vesting of shares in respect of the Annual Deferred Bonus Plan 2021 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 38,761 ordinary shares
d)	Aggregated information - Aggregated volume - Price	38,761 Nil
e)	Date of the transaction	8 August 2023
f)	Place of the transaction	London Stock Exchange, Main Market

Enquiries

Network International Jay Razzaq: Chief Risk Officer & Group Company Secretary	[e-mail]
Amie Gramlick: Senior Vice President Finance - FP&A and Investor Relations	[e-mail]

Media enquiries

Teneo                                                                                                      [e-mail]

Anthony Di Natale, Andy Parnis

 

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