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Blue Prism Group PLC (PRSM)

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Monday 19 August, 2019

Blue Prism Group PLC

Director/PDMR Shareholding

RNS Number : 4116J
Blue Prism Group PLC
19 August 2019
 

19 August 2019

 

Blue Prism Group plc

("Blue Prism" or the "Group")

 

DIRECTOR / PDMR SHAREHOLDING

 

Blue Prism (AIM: PRSM), a global leader in Robotic Process Automation today announces that Eric Verniaut has joined the company as Chief Operating Officer. 

 

Eric is a veteran enterprise software executive, with 30 years' experience in the industry. Most recently, Eric has spent 8 years at SAP, where he was Chief Business Officer for EMEA, MEE and Greater China.

In his role as Chief Operating Officer Eric will take overall responsibility for go-to-market operations, including sales, field marketing, partner management, globalization, customer service and support. He will report into Alastair Bathgate, CEO.

PDMR Shareholding

 

Upon Eric's appointment Blue Prism has made the following Long Term Incentive Plan ("LTIP") awards in respect of ordinary shares of 1 penny each in the Group ("Ordinary Shares").

 

Type of LTIP award

Number of Ordinary Shares

Performance Shares

76,989

Restricted Shares

153,978

 

The Performance Share award is made under the Group's 2019 LTIP and is subject to performance conditions and to a vesting period running until 31 January 2022 in the same manner as other awards made under that LTIP. Further details of the applicable performance conditions are provided in the Group's annual report for the year ended 31 October 2018. 

 

The Restricted Share award is a one-time award made on appointment, and vesting of the award is subject only to continued employment by the Group. Half of the Ordinary Shares under the award are subject to a vesting period of one year, followed by a mandatory holding period of a further year. The other half of the Ordinary Shares under the award are subject to a vesting period of two years.

 

1.

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Eric Verniaut

2.

Reason for the notification

(a)

Position/status

Chief Operating Officer

(b)

Initial notification/ Amendment

Initial notification

3.

Details of the issuer

(a)

Name

BLUE PRISM GROUP PLC

(b)

LEI

2138006DQE9FNUW8KO83

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

Ordinary shares of £0.01 each

(b)

Identification code of the Financial Instrument

GB00BYQ0HV16

(c)

Nature of the transaction

Contingent share award under LTIP 

(d)

Price(s) and volume(s)

Price(s)

Volume(s)

 

 

Nil

230,967

 

 

 

(e)

Aggregated information

-           Aggregated volume

-           Price

 

(f)

Date of the transaction

19 August 2019

(g)

Place of the transaction

Outside a trading venue

 

 

Enquiries:

Blue Prism Group plc                                                                          +44 (0)77 3670 7407

Tom Hull, Head of Investor Relations

 

Investec Bank plc                                                                                +44 (0)20 7597 5970

Carlton Nelson / Sebastian Lawrence / Andrew Pinder

 

FTI Consulting                                                                                     +44 (0)20 3727 1000

Matt Dixon Dwight Burden

 


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