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Nucleus Financial Gp (NUC)

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Wednesday 03 April, 2019

Nucleus Financial Gp

Grant of long term incentive awards to PDMRs

RNS Number : 0228V
Nucleus Financial Group PLC
03 April 2019
 

 

 

 

 

 

 

 

3 April 2019

Nucleus Financial Group plc

("Nucleus" or the "Company")

 

 

Grant of long term incentive awards to Executive Directors and other Persons Discharging Managerial Responsibility ("PDMRs")

 

Nucleus announces that, on 3 April 2019, it granted long term incentive awards in the form of nil-cost options ("Awards") over its ordinary shares of 0.1 pence each ("Shares") to the Executive Directors and other PDMRs set out below under the terms of its Long Term Incentive Plan (the "LTIP") that was established at the time of its original admission to AIM.

 

PDMR

Role

No. of Shares over which Awards were granted

David Ferguson

Chief Executive Officer

199,786

Stuart Geard

Chief Financial Officer

134,738

Kirsty Lynagh

Chief People Officer

58,095

Nicola Megaw

Chief Legal Officer and Company Secretary

56,041

Barry Neilson

Chief Customer Officer

73,964

Andrew Smith

Chief Technology Officer

73,406

 

The vesting of each of the Awards is subject to the satisfaction of performance conditions that have been set by the Remuneration Committee of the Company.  These conditions (which will be assessed over prescribed three-year periods) relate to the achievement of specified targets applicable to earnings per share, net-inflow of assets under administration and total shareholder return.  Vesting will also normally be dependent on the continued employment of the participant within the Company's group. Further details of the LTIP and the performance conditions for the Awards will be included in the Company's 2018 annual report and financial statements.

 

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

 

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

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

1.    David Ferguson

2.    Stuart Geard

3.    Kirsty Lynagh

4.    Nicola Megaw

5.    Barry Neilson

6.    Andrew Smith

2

 

Reason for the notification

 

a)

 

Position/status

 

 

1.    Chief Executive Officer

2.    Chief Financial Officer

3.    Chief People Officer

4.    Chief Legal Officer and Company Secretary

5.    Chief Customer Officer

6.    Chief Technology Officer

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

 

a)

 

Name

 

Nucleus Financial Group plc

b)

 

LEI

 

213800MAIAI3M7LM5950

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 0.1 pence each

 

 

 

 

GB00BG226J60

b)

 

Nature of the transaction

 

Grant of awards (in the form of nil-cost options) over Shares pursuant to the Nucleus Financial Group plc Long Term Incentive Plan

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

 

Price(s)

Volume(s)

1.

Nil

199,786

2.

Nil

134,738

3.

Nil

58,095

4.

Nil

56,041

5.

Nil

73,964

6.

Nil

73,406

 

d)

 

Aggregated information

 

 

-Aggregated volume

 

 

- Price

 

 

1.    N/A single transaction

2.    N/A single transaction

3.    N/A single transaction

4.    N/A single transaction

5.    N/A single transaction

6.    N/A single transaction

7.    N/A single transaction

e)

 

Date of the transaction

 

3 April 2019

f)

 

Place of the transaction

 

Outside a trading venue

 

 

For further information please contact:

 

Nucleus           

Nicola Megaw, Company Secretary

       

Tel: +44 (0)13 1226 9800

 

Shore Capital (Nominated Adviser & Broker)         

Hugh Morgan                                                                   

Edward Mansfield               

Daniel Bush 

Tel: +44 (0)20 7408 4090

Camarco (Media enquiries)    

Jennifer Renwick                                                             

Jake Thomas    

Tel: +44 (0)20 3757 4994

 

 

 

 

 

 

 

 

 

 


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