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Nucleus Financial Gp (NUC)

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Monday 17 December, 2018

Nucleus Financial Gp

Director/PDMR Shareholding

RNS Number : 7360K
Nucleus Financial Group PLC
17 December 2018

17 December 2018

Nucleus Financial Group plc

("Nucleus" or the "Company")

Share purchases under the Company's Share Incentive Plan

Director/PDMR Shareholding


Nucleus (AIM: NUC) announces that, further to the details included in the Company's AIM admission document in respect of the all-employee Share Incentive Plan ("SIP"), it has received notification that the first purchase of ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") by the SIP trustee on behalf of participating employees took place on 12 December 2018.

Nucleus supports the principles of wider share ownership amongst all its people and the SIP is designed to help employees acquire the Company's Ordinary Shares in a tax efficient way. The Nucleus SIP is an all-employee share ownership plan approved by HM Revenue and Customs, under which eligible employees are able to purchase Ordinary Shares in the Company via the SIP trustee, either by monthly salary deductions or by investing a lump sum (up to the value of £1,800) in the plan.  The Ordinary Shares purchased are known as "Partnership Shares" and for each Partnership Share purchased, participants are awarded one matching free Ordinary Share (a "Matching Share"), which the SIP trustee purchases, funded by the Company.  Partnership and Matching Shares must be held in the SIP for five years from the date of their respective purchase before they can be withdrawn by the employee free of income tax and National Insurance contributions. Purchases of Partnership Shares and Matching Shares are anticipated to take place on a monthly basis going forwards on behalf of those employees participating during the relevant month.

Details of the Partnership Shares and Matching Shares purchased by the SIP trustee on behalf of PDMRs are set out in the table below. The Partnership and Matching Shares were purchased by the SIP trustee on behalf of the below PDMRs at a price of 135 pence per share.


Number of
Partnership Shares

Number of Matching Shares

Total resulting interest in Ordinary Shares*

David Ferguson, Chief Executive Officer



1,810,410 (2.37%)

Andrew Smith, Chief Technology Officer



377,619 (0.49%)

Barry Neilson, Chief Customer Officer



551,722 (0.72%)

Kirsty Lynagh, Chief people officer



78,302 (0.10%)

 * Includes Ordinary Shares held by closely associated persons and the SIP trustee on behalf of the PDMR


The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them


Details of the person discharging managerial responsibilities / person closely associated



1. David Ferguson

2. Andrew Smith

3. Barry Neilson

4.  Kirsty Lynagh



Reason for the notification


Position / status

1. Chief executive officer

2. Chief technology officer

3. Chief customer officer

4. Chief people officer



Initial notification / amendment

Initial notification


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



Nucleus Financial Group plc





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


Description of the financial instrument

Ordinary shares of 0.1p each


ISIN: GB00BG226J60


Nature of the transaction

Purchase and allocation of Partnership Shares and Matching Shares by the SIP trustee under the Company's SIP


Price(s) and volume(s)




1. 135p; nil

2. 135p; nil

3. 135p; nil

4. 135p; nil

1. 111; 111

2. 1,333; 1,333

3. 1,333; 1,333

4.  111; 111



Aggregated information


Aggregated volume




Aggregated Price(s)

Aggregated Volume(s)

1. £149.85

2. £1,799.55

3. £1,799.55

4. £149.85

1. 222

2. 2,666

3. 2,666

4. 222



Date of the transaction

12 December 2018



Place of the transaction

London Stock Exchange, AIM






Stuart Geard, Chief Financial Officer                                                   Tel: +44 (0)13 1226 9800

Shore Capital (Nominated Adviser and Broker)         

Hugh Morgan                                                                                          Tel: +44 (0)20 7408 4090

Edward Mansfield               

Daniel Bush 

Camarco (Media enquiries)    

Jennifer Renwick                                                                                     Tel: +44 (0)20 3757 4994

Jake Thomas    

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