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Network Intnl Hldgs (NETW)

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Wednesday 03 June, 2020

Network Intnl Hldgs

Director/PDMR Shareholding

RNS Number : 7943O
Network International Holdings PLC
03 June 2020
 

Network International Holdings Plc

 

GRANT OF SHARE AWARDS UNDER THE NETWORK INTERNATIONAL HOLDINGS PLC's ANNUAL DEFERED BONUS PLAN

 

Network International Holdings plc (LSE: NETW) (the Company) has on 1st June 2020, granted effective as of 1 May 2020 (the Effective Date), awards (the Awards) to acquire ordinary shares in the Company (the Shares), subject to and in accordance with the rules of the Network International Holdings Annual Deferred Bonus Plan (the Plan), to the Group Chief Executive Officer and the Group Chief Financial Officer as listed in the table below (the "Participants").

 

Name

Number of Shares subject to Award

Simon Haslam

15,683

Rohit Malhotra

9,226

 

The Awards are made for achievement of targeted performance for the year 2019. The total 2019 amount for Simon Haslam awarded under the Annual Deferred Bonus Plan, with the portion paid in cash and the portion deferred into shares, was disclosed in the 2019 Directors' Remuneration Report under the Annual Report on Remuneration section, which was approved by shareholders at the last Annual General Meeting. The Awards are granted as Conditional Awards. Subject to the rules of the Plan, each of the Awards will normally vest on the third anniversary of the Effective Date.

 

Participants will be entitled to receive additional Shares, which will be purchased using any dividends paid or payable on the Shares subject to their Awards, between the Effective Date until the date of vesting.

 

A copy of the FCA notification form in respect of the grant of the Awards to each PDMR, as required under the EU Market Abuse Regulation and in the prescribed format, is set out below.

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014.

 

1

Details of PDMR


a.

Name

Simon Mark Haslam

2

Reason for Notification


a.

Position / Status

Group Chief Executive Officer

b.

Initial Notification / Amendment

Initial Notification

3

Details of the Issuer


a.

Name

Network International Holdings Plc

b.

Legal Entity Identifier

213800VRNKWENNLKK60

4

Details of the Transaction(s)


a.

Description of the Financial Instrument

Shares

b.

Identification Code

GB00BH3VJ782

c.

Nature of the Transaction

Grant of Awards under the Network International Holdings Annual Deferred Bonus Plan

d.

Date & Place of Transaction

1 June 2020, London Stock Exchange,

Main Market, (XLON)

e.

Price(s) and Volume(s)

Price  Volume



£ 0.00 15,683 Ordinary Shares

f.

Additional information



- Aggregated volume

N/A Single transaction


- Aggregated price

N/A Single transaction


 

 

1

Details of PDMR


a.

Name

Rohit Malhotra

2

Reason for Notification


a.

Position / Status

Group Chief Financial Officer

b.

Initial Notification / Amendment

Initial Notification

3

Details of the Issuer


a.

Name

Network International Holdings Plc

b.

Legal Entity Identifier

213800VRNKWENNLKK60

4

Details of the Transaction(s)


a.

Description of the Financial Instrument

Shares

b.

Identification Code

GB00BH3VJ782

c.

Nature of the Transaction

Grant of Awards under the Network International Holdings Annual Deferred Bonus Plan

d.

Date & Place of Transaction

1 June 2020, London Stock Exchange,

Main Market, (XLON)

e.

Price(s) and Volume(s)

Price  Volume



£ 0.00 9,226 Ordinary Shares

f.

Additional information



- Aggregated volume

N/A Single transaction


- Aggregated price

N/A Single transaction

 

 

 

Enquiries

Network International

[email protected]

Amie Gramlick: Head of Investor Relations




Finsbury

[email protected]

James Leviton, Andy Parnis: Media Relations


 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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