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4imprint Group PLC (FOUR)

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Thursday 02 April, 2020

4imprint Group PLC

Director/PDMR Shareholding

RNS Number : 6355I
4imprint Group PLC
02 April 2020
 

 

2 April 2020

 

4imprint Group plc (the "Company")

Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons.

 

 

The Company received notification on 2 April 2020 from each of Kevin Lyons-Tarr and David Seekings, Directors of the Company, that on 2 April 2020 they had received, respectively, 4,121 and 2,747 Ordinary Shares of 38 6/13 pence each in the Company. These shares resulted from the vesting of nil cost conditional share awards granted on 30 March 2017, pursuant to the 4imprint Group plc 2015 Incentive Plan ("Plan").

 

These transactions, in accordance with the rules of the Plan, represent the deferred release, after a 'lock-in' period of three years, of share awards relating to performance in the 2016 financial year. There is no cash outflow from the Company resulting from these transactions, other than a minimal amount of US Social Security.

 

Both Kevin Lyons-Tarr and David Seekings intend to retain all of their vested shares. They have, therefore, each paid the personal tax arising immediately on the vesting of the shares, as opposed to selling any element of their shares in order to satisfy their tax obligations.

 

As a result of the above, the total interests respectively of Kevin Lyons-Tarr and David Seekings in the Company are 262,301 and 184,074 shares, representing 0.93% and 0.66% of the Company's issued share capital.

 

The Company has also received notification from Kevin Lyons-Tarr and David Seekings that they have declined the award of nil cost conditional share awards made on 30 March 2020, relating to performance in the 2019 financial year.

 

 

 

Emma Taylor

Company Secretary

4imprint Group plc

Tel: + 44 (0) 20 3709 9680

 

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above. 

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

1.  Kevin Lyons-Tarr

2.  David Seekings

2.

Reason for the notification

a.

Position/status

1.  Chief Executive Officer

2.  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

4imprint Group plc

b.

LEI

213800G95T751RN2CT94

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 38 6/13 pence

 

GB0006640972

b.

Nature of the transaction

Vesting of Conditional Share Awards pursuant to the 4imprint 2015 Incentive Plan

c.

Price(s) and volume(s)

 

 

 


 Price(s)  

Volume(s)

1.

Nil

4,121

2.

Nil

2,747

 




d

Aggregated information

 

· Aggregated volume

· Price

 

 


 Price(s)  

Volume(s)

1.

Nil

4,121

2.

Nil

2,747




 

 

e.

Date of the transaction

2 April 2020

f.

Place of the transaction

Outside of a trading venue

 

 

 

 


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