Director/PDMR Shareholding

Trustpilot Group PLC

01 May 2024

 

Trustpilot Group plc ("Trustpilot" or the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs) and Persons Closely Associated with them

Deferred Share Bonus Plan Awards

The Company announces that on 30 April 2024 and 1 May 2024, conditional awards were made to the individuals listed below under the Trustpilot Group plc Deferred Share Bonus Plan ("DSBP") reflecting 25% of the bonus achieved for financial year 2023. In accordance with the terms of the Company's remuneration policy, 25% of the company bonus determinations for its executive directors are required to be deferred in shares to be held for a two-year period.

The number of awards granted under the DSBP was calculated using the three-month average share price to 24 April 2024, being the date of Remuneration Committee approval of grant. The vesting date for the DSBP awards will normally be two years from the date of bonus payment and the award will be settled by the transfer of existing ordinary shares of the Company (other than treasury shares).

Awards will vest on the vesting date save in the case of departure from the Company due to misconduct resulting in summary dismissal or which would justify summary dismissal, as determined by the Company's Remuneration Committee. Malus and clawback provisions, aligning with those detailed in the Trustpilot Group plc Long Term Incentive Plan Rules, will apply to the vesting of the awards, expiring on the third anniversary of the end of the relevant bonus year. The Remuneration Committee has the discretion to adjust award levels in certain circumstances, including in the event of a demerger, special dividend or other similar event that would affect the market price of ordinary shares in the Company.

Peter Mühlmann received a bonus in respect of his period as Chief Executive Officer during 2023. Due to applicable local laws, 25% of his net of tax bonus was used to purchase shares (announced by the Company 30 April 2024), which will be held for a period of two years.

The notification set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

1.	Details of the person discharging managerial responsibilities /person closely associated with them (PCA)
(a)	Name	Adrian Blair
2.	Reason for the notification
(a)	Position/status	Chief Executive Officer - PDMR
(b)	Initial notification/amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Trustpilot Group plc
(b)	LEI	2138002ILUNMGNPSGG46
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 GBP 0.01 each GB00BNK9TP58
(b)	Nature of the transaction	Conditional award of shares under the Trustpilot Group plc Deferred Share Bonus Plan
(c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	22,142
(d)	Aggregated information/Aggregated volume Price	n/a
(e)	Date of the transaction	2024-05-01
(f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities /person closely associated with them (PCA)
(a)	Name	Hanno Damm
2.	Reason for the notification
(a)	Position/status	Chief Financial Officer - PDMR
(b)	Initial notification/amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Trustpilot Group plc
(b)	LEI	2138002ILUNMGNPSGG46
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 GBP 0.01 each GB00BNK9TP58
(b)	Nature of the transaction	Conditional award of shares under the Trustpilot Group plc Deferred Share Bonus Plan
(c)	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	29,577
(d)	Aggregated information/Aggregated volume Price	n/a
(e)	Date of the transaction	2024-04-30
(f)	Place of the transaction	Outside a trading venue

Enquiries:

Trustpilot:	Anne McSherry, Company Secretary Louise Bryant, Head of Investor Relations  [phone]
Headland Consultancy:	Stephen Malthouse Charlie Pepper [phone]

 

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