<

DAILY MAIL AND GENERAL TRUST PLC Director/PDMR Shareholding

Transparency directive : regulatory news

31/03/2021 19:27

Daily Mail and General Trust plc (DMGT)
Director/PDMR Shareholding

31-March-2021 / 18:27 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

The Company today confirms two long term awards under the DMGT Executive Director Long-term Incentive Plan (the"ED LTIP"), to each of the executive directors below, as outlined in the Company's Remuneration Policy and 2020 Annual Report.

 

The awards under the ED LTIP are granted on the terms that shares will normally only be delivered at the end of a ten-year period, subject to leaver provisions and Company event provisions. The Awards will accrue over an accrual period of ten years. The accrual period for the Awards will work in such a way that the Awards will accrue annually at a rate of one-eighth in each year from the end of year three through to the end of year ten.

 

The first Award covers the ten year period from 1 October 2019 to 30 September 2029, with the number of shares under the award calculated by reference to a share price of £6.822 (the volume weighted average share price ('VWAP') for the twelve months up to and including the first 3 days following the release of FY 2019 results). The outcome will be delivered in A Ordinary non-voting shares upon vesting at the end of FY 2029.

 

The second Award covers the ten year period from 1 October 2020 to 30 September 2030, with the number of shares under the Award, calculated by reference to a share price of £7.388 (the VWAP for the twelve months up to and including the first 3 days following the release of FY 2020 results).  The outcome will be delivered in A Ordinary non-voting shares upon vesting at the end of FY 2030.

 

The vesting outcome is subject to acceptable financial performance over each ten year period.

 

Apart from a further Award that is envisaged to be granted in respect of the ten year period from 1 October 2021 to 30 September 2031, no further Awards under the ED LTIP are currently envisaged to be granted to the existing Executive Directors before 1 October 2029.

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Lord Rothermere

2

Reason for the notification

a)

Position/status

Executive Chairman

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of two Awards under the rules of the DMGT Executive Director Long-term Incentive Plan. Both Awards will be satisfied in A Ordinary non-voting shares at the end of a 10 year accrual period, subject to leaver provisions and Company event provisions.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0

Award 1 - 855,273 shares

Award 2 - 789,750 shares

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

31 March 2021

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Paul Zwillenberg

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of two Awards under the rules of the DMGT Executive Director Long-term Incentive Plan. Both Awards will be satisfied in A Ordinary non-voting shares at the end of a 10 year accrual period, subject to leaver provisions and Company event provisions.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0

Award 1 - 766,540 shares

Award 2 - 707,815 shares

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

31 March 2021

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Tim Collier

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of two Awards under the rules of the DMGT Executive Director Long-term Incentive Plan. Both Awards will be satisfied in A Ordinary non-voting shares at the end of a ten year accrual period, subject to leaver provisions and Company event provisions.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0

Award 1 - 510,848 shares

Award 2 - 471,711 shares

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

31 March 2021

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kevin Beatty

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of two Awards under the rules of the DMGT Executive Director Long-term Incentive Plan. Both Awards will be satisfied in A Ordinary non-voting shares at the end of a 10 year accrual period subject to leaver provisions and Company event provisions.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0

Award 1 - 608,033 shares

Award 2 - 561,452 shares

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

31 March 2021

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

Name of officer responsible for making notification: Fran Sallas, Company Secretary DMGT, 0203 615 2904



ISIN: GB00BJQZC279
Category Code: DSH
TIDM: DMGT
LEI Code: 4OFD47D73QFJ1T1MOF29
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 96756
EQS News ID: 1180336

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=1180336&application_name=news&site_id=symex


Other stories

29/03/2024 02:30
28/03/2024 20:26
28/03/2024 19:33
29/03/2024 06:29
29/03/2024 06:51
29/03/2024 03:31
28/03/2024 20:19
29/03/2024 00:18
28/03/2024 19:35
29/03/2024 03:31
28/03/2024 22:03
29/03/2024 01:58
28/03/2024 14:30
28/03/2024 17:48
29/03/2024 03:31
29/03/2024 03:23
28/03/2024 19:01
28/03/2024 17:05
27/03/2024 15:52
27/03/2024 19:23
28/03/2024 19:07
29/03/2024 03:00
28/03/2024 21:58
29/03/2024 01:01
29/03/2024 03:31
29/03/2024 01:27
28/03/2024 19:31
28/03/2024 23:33
28/03/2024 17:28
28/03/2024 23:00
27/03/2024 21:46
29/03/2024 01:26
28/03/2024 12:18
28/03/2024 17:55
29/03/2024 00:01
28/03/2024 13:25
28/03/2024 19:18
28/03/2024 11:40