PDMR Shareholdings and LTIP Awards
7 April 2022
Cenkos Securities plc
("Cenkos" or the "Company")
PDMR Shareholdings - Grant of Awards
under the Cenkos Securities plc Long Term Incentive Plan
On 6 April 2022 Cenkos Securities plc made awards under the Company's Long Term Incentive Plan ("LTIP"). Under the LTIP award for 2022, a total of 1,560,000 nil cost options over Ordinary Shares in the Company ("Awards") have been awarded, of which 1,040,000 have been granted to a number of persons discharging managerial responsibilities ("PDMRs") within the Company.
Each Award (which is subject to malus and clawback provisions) is separated into three equal tranches that will (subject to the achievement of the applicable performance condition) vest on the third, fourth and fifth anniversaries of grant, respectively. The vesting of the Awards is conditional on meeting a total shareholder return ("TSR") growth measurement over a three, four and five year period as detailed below:
|
Tranche |
Measurement Period |
Performance Condition
|
Number of Awards that vest if the Performance Condition is satisfied |
|
Tranche 1 |
1 January 2022 to 31 December 2024 |
Tranche 1 TSR Growth is equal to or greater than 50% |
Fixed number at grant equal to 33.3% of total and rounded down to the nearest whole Award
|
|
Tranche 2 |
1 January 2022 to 31 December 2025 |
Tranche 2 TSR Growth is equal to or greater than 75% |
Fixed number at grant equal to 33.3% of total and rounded down to the nearest whole Award
|
|
Tranche 3 |
1 January 2022 to 31 December 2026 |
Tranche 3 TSR Growth is equal to or greater than 100% |
Balance of total Awards |
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK version of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.
For further information, please contract:
Cenkos Securities plc
Julian Morse, Chief Executive Officer Tel: 0207 397 8900
SPARK Advisory Partners Limited
Matt Davis, Nominated Adviser Tel: 0203 368 3552
The Nisse Consultancy - Public relations
Jason Nisse Tel: 7769 688618
Andrew Garfield Tel: 7974 982337
NOTIFICATIONS 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
|
Michael Johnson |
|||
|
2
|
Reason for the notification
|
||||
|
a)
|
Position/status
|
PDMR (Member of the Executive Committee) |
|||
|
b)
|
Initial notification /Amendment
|
Initial notification |
|||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
|
||||
|
a)
|
Name
|
Cenkos Securities plc |
|||
|
b)
|
LEI
|
213800ALVRC52VN3I821
|
|||
|
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 1p each |
|||
|
|
|
||||
|
Identification code |
GB00B1FLHR07 |
||||
|
|
|
||||
|
b)
|
Nature of the transaction
|
Grant of options over the ordinary share capital of the Company under the Long Term Incentive Plan |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
Nil |
280,000 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
n/a - single transaction |
|||
|
|
|
||||
|
- Aggregated volume |
|
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction
|
6 April 2022 |
|||
|
f)
|
Place of the transaction
|
Outside of a trading venue |
|||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
|
a)
|
Name
|
Stephen Keys |
|||
|
2
|
Reason for the notification
|
||||
|
a)
|
Position/status
|
PDMR (Member of the Executive Committee) |
|||
|
b)
|
Initial notification /Amendment
|
Initial notification |
|||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
|
||||
|
a)
|
Name
|
Cenkos Securities plc |
|||
|
b)
|
LEI
|
213800ALVRC52VN3I821
|
|||
|
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 1p each |
|||
|
|
|
||||
|
Identification code |
GB00B1FLHR07 |
||||
|
|
|
||||
|
b)
|
Nature of the transaction
|
Grant of options over the ordinary share capital of the Company under the Long Term Incentive Plan |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
Nil |
240,000 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
n/a - single transaction |
|||
|
|
|
||||
|
- Aggregated volume |
|
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction
|
6 April 2022 |
|||
|
f)
|
Place of the transaction
|
Outside of a trading venue |
|||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
|
a)
|
Name
|
James King |
|||
|
2
|
Reason for the notification
|
||||
|
a)
|
Position/status
|
PDMR (Member of the Executive Committee) |
|||
|
b)
|
Initial notification /Amendment
|
Initial notification |
|||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
|
||||
|
a)
|
Name
|
Cenkos Securities plc |
|||
|
b)
|
LEI
|
213800ALVRC52VN3I821
|
|||
|
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 1p each |
|||
|
|
|
||||
|
Identification code |
GB00B1FLHR07 |
||||
|
|
|
||||
|
b)
|
Nature of the transaction
|
Grant of options over the ordinary share capital of the Company under the Long Term Incentive Plan |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
Nil |
170,000 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
n/a - single transaction |
|||
|
|
|
||||
|
- Aggregated volume |
|
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction
|
6 April 2022 |
|||
|
f)
|
Place of the transaction
|
Outside of a trading venue |
|||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
|
a)
|
Name
|
Neil McDonald |
|||
|
2
|
Reason for the notification
|
||||
|
a)
|
Position/status
|
PDMR (Member of the Executive Committee) |
|||
|
b)
|
Initial notification /Amendment
|
Initial notification |
|||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
|
||||
|
a)
|
Name
|
Cenkos Securities plc |
|||
|
b)
|
LEI
|
213800ALVRC52VN3I821
|
|||
|
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 1p each |
|||
|
|
|
||||
|
Identification code |
GB00B1FLHR07 |
||||
|
|
|
||||
|
b)
|
Nature of the transaction
|
Grant of options over the ordinary share capital of the Company under the Long Term Incentive Plan |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
Nil |
350,000 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
n/a - single transaction |
|||
|
|
|
||||
|
- Aggregated volume |
|
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction
|
6 April 2022 |
|||
|
f)
|
Place of the transaction
|
Outside of a trading venue |
|||
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