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FDM Group plc (FDM)

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Thursday 22 April, 2021

FDM Group plc

Director/PDMR Shareholding

RNS Number : 2942W
FDM Group (Holdings) plc
22 April 2021
 

22 April 2021

FDM Group (Holdings) plc

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

PSP Award - 21 April 2021

On 21 April 2021 FDM Group (Holdings) plc ("FDM") granted awards over ordinary shares in the Company under the FDM 2014 Performance Share Plan (the "PSP"), as noted below. 

The vesting of the awards is subject to the achievement of a performance condition based upon FDM's earnings per share assessed over a three-year performance period commencing with FDM's 2021 financial year as follows

Adjusted EPS in the final financial year of the performance period

Vesting percentage

35.7 pence

25%

Greater than 35.7 pence but less than 38.3 pence

Determined on a straight line basis between 25% and 100%

38.3 pence or more than 38.3 pence

100%

The extent to which the awards vest will be subject to the Remuneration Committee's assessment of the overall financial performance of the Company over the performance period.

Ordinarily, the awards will vest (subject to the achievement of the performance condition) following the announcement of FDM's results for its 2023 financial year.

The awards will not be released, so that shares can be acquired, until the end of a holding period of two years beginning on the vesting date.

Each award has been granted in the form of an option with an exercise price per share of £0.01

Name

Number of shares subject to award

Executive Directors

Roderick Flavell

30,000

Sheila Flavell

30,000

Andrew Brown

30,000

Michael McLaren

30,000

Other Senior Managers

Jonathan Young

30,000

 

The notification below provides further information about these transactions.

1

Details of the person discharging managerial responsibilities / person closely associated

 

(a)

Name

(i) Roderick Flavell

(ii) Sheila Flavell

(iii) Andrew Brown

(iv) Michael McLaren

(v) Jonathan Young

2

Reason for the notification

 

(a)

Position/Status

(i) Chief Executive Officer

(ii) Chief Operating Officer

(iii) Chief Commercial Officer

(iv) Chief Financial Officer

(v) Chief Information Officer

(b)

Initial notification / Amendment

Initial notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

(a)

Name

FDM Group (Holdings) plc

 

(b)

LEI

213800YR62D7GUZLMZ71

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 £0.01

 

 

ISIN: GB00BLWDVP51

(b)

Nature of the transaction

 

Grant of awards over Ordinary Shares

 

(c)

Price(s) and volume(s)

 

Name

Price

Number of Ordinary Shares over which awards granted

Rod Flavell

Nil

30,000

Sheila Flavell

Nil

30,000

Andy Brown

Nil

30,000

Mike McLaren

Nil

30,000

Jonathan Young

Nil

30,000

(d)

Aggregated Information

- Aggregated Volume

 

- Price

 

N/A

 

N/A

(e)

Date of the Transaction

21 April 2021

 

(f)

Place of the Transaction

Outside a trading venue

 

Name of authorised official of issuer responsible for making notification:

Mark Heather, Company Secretary, FDM Group (Holdings) plc

 

Enquiries:

Mike McLaren - Chief Financial Officer  0203 056 8240

Mark Heather - Company Secretary   0203 056 8240

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