logo-loader
RNS
viewEquiniti

Equiniti Group PLC - Director/PDMR Shareholding

RNS Number : 6897K
Equiniti Group PLC
23 April 2020
 

Equiniti Group plc

Incorporated in England and Wales

Registration number: 07090427

LEI: 213800TS721HGE2JIV94

ISIN: GB00BYWWHR75

 

 

The following amendment has been made to the Director/PDMR Shareholding announcement released on 21st April 2020 at 15:55 under RNS number 3975K.

In the original version of the announcement, the TSR performance period was stated incorrectly as four years for PSP Type A Awards. The correct period, in line with our policy and other performance share awards, should be three years. Therefore the announcement on 21st April has now been updated to read "Awards will be based on TSR performance against the FTSE 250 over the period 1st January 2020 to 31st December 2022".

 All other details remain unchanged, and the full amended announcement is shown below.

 

 

 

Equiniti Group plc

(the Company)

Grant of Awards to Persons Discharging Managerial Responsibilities (PDMRs)

The following notifications are made under article 19 of the Market Abuse Regulation (MAR) relating to certain transactions by persons discharging managerial responsibilities (PDMRs) in the shares of the Company.

Background

Our trading statement last week explained how we are managing our cost base as part of our overall response to the COVID-19 outbreak. We will also continue to support our employees and manage our people risk. This includes the grant of share awards across our business to our normal recipient population, including to PDMRs. These share awards, including those below, have been set at a materially reduced level for all participants and reduced to 50% for Executive Directors and PDMRs in recognition of the current circumstances.

On 21st April 2020 awards over ordinary shares of £0.001 each in the capital of the Company were granted under the Equiniti Group Performance Share Plan (the PSP) in respect of 2019 financial year performance (designated as Type A and Type D Awards (together, the Awards)), to PDMRs, as follows:

 

PDMRs

Grant Price (£)1

Number of shares over which awards were granted

PSP Type A Awards

PSP Type D Awards

Guy Wakeley

1.496

236,380

-

John Stier

1.496

164,439

-

Kevin O'Connor

1.496

100,267

-

Paul Matthews

1.496

91,912

14,643

Thera Prins

1.496

76,872

10,982

Adam Green

1.496

71,858

14,643

Enrique Sacau

1.496

75,201

-

Amy Madden

1.496

31,751

4,100

Duncan Watson

1.496

30,080

5,176

Lina Brown

1.496

29,245

5,125

Todd May

1.496

96,411

-

 --------------

[1] Calculated using the closing market quotation as derived from the Daily Official List of the London Stock Exchange on 20th April 2020, being the day before the date of grant of the Awards.

 

 

PSP - Type A Awards

The level of Awards made to Executive Directors and PDMRs have been reduced from those agreed by the Remuneration Committee in March 2020 and as communicated for the Executive Directors in the 2019 Annual Report and Accounts.  The Remuneration Committee agreed on 20th April 2020 to reduce these awards by 50%.  Awards will be based on TSR performance against the FTSE 250 over the period 1st January 2020 to 31st December 2022, and will vest on the later of 21st April 2023 and the date of determination of the TSR performance condition. In line with our existing policy, the Remuneration Committee will review the vesting outcome following the assessment of the performance condition to ensure that Awards reflect underlying performance.

PSP Type D Awards

The PSP Type D Awards are subject to continued employment and will vest on 21st April 2023.

 

No consideration was paid for the grant of either Type A or Type D Awards, which are both structured as nil cost options. 

 

PDMRs will be required to hold any ordinary shares acquired on the exercise of Type A Awards for a further two year period (after selling sufficient shares to pay the tax arising on exercise).

 

The relevant FCA notifications are set out below:

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Guy Wakeley

2

Reason for notification

 

a)

Position/Status

Chief Executive/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

Equiniti Group plc

b)

LEI

213800TS721HGE2JIV94

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 and identification code

Ordinary shares of £0.001 each

 

ISIN: GB00BYWWHR75

b)

Nature of transaction

Grant of awards under the Equiniti Group Performance Share Plan (PSP)

c)

Price(s) and volume(s)

 

Scheme

Price(s)

Volume(s)

PSP A

£1.496

236,380

 

d)

Aggregated information

See above 4 c)

e)

Date of transaction

21 April 2020

f)

Place of transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

John Stier

2

Reason for notification

 

a)

Position/Status

Chief Financial Officer/ 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

Equiniti Group plc

b)

LEI

213800TS721HGE2JIV94

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 and identification code

Ordinary shares of £0.001 each

 

ISIN: GB00BYWWHR75

b)

Nature of transaction

Grant of awards under the Equiniti Group Performance Share Plan (PSP)

c)

Price(s) and volume(s)

 

Scheme

Price(s)

Volume(s)

PSP A

£1.496

164,439

 

d)

Aggregated information

See above 4 c)

e)

Date of transaction

21 April 2020

f)

Place of transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kevin O'Connor

2

Reason for notification

 

a)

Position/Status

Chief Information Officer/PDMR

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

Equiniti Group plc

b)

LEI

213800TS721HGE2JIV94

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 and identification code

Ordinary shares of £0.001 each

 

ISIN: GB00BYWWHR75

b)

Nature of transaction

Grant of awards under the Equiniti Group Performance Share Plan (PSP)

c)

Price(s) and volume(s)

 

Scheme

Price(s)

Volume(s)

PSP A

£1.496

100,267

 

d)

Aggregated information

See above 4 c)

e)

Date of transaction

21 April 2020

f)

Place of transaction

Outside of trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Paul Matthews

2

Reason for notification

 

a)

Position/Status

CEO of EQ Boardroom/PDMR

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

Equiniti Group plc

b)

LEI

213800TS721HGE2JIV94

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 and identification code

Ordinary shares of £0.001 each

 

ISIN: GB00BYWWHR75

b)

Nature of transaction

Grant of awards under the Equiniti Group Performance Share Plan (PSP)

c)

Price(s) and volume(s)

 

Scheme

Price(s)

Volume(s)

PSP A

£1.496

91,912

PSP D

£1.496

14,643

 

d)

Aggregated information

See above 4 c)

e)

Date of transaction

21 April 2020

f)

Place of transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Thera Prins

2

Reason for notification

 

a)

Position/Status

Chief Operating Officer/PDMR

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

Equiniti Group plc

b)

LEI

213800TS721HGE2JIV94

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 and identification code

Ordinary shares of £0.001 each

 

ISIN: GB00BYWWHR75

b)

Nature of transaction

Grant of awards under the Equiniti Group Performance Share Plan (PSP)

c)

Price(s) and volume(s)

 

Scheme

Price(s)

Volume(s)

PSP A

£1.496

76,872

PSP D

£1.496

10,982

 

 

d)

Aggregated information

See above 4 c)

e)

Date of transaction

21 April 2020

f)

Place of transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Adam Green

2

Reason for notification

 

a)

Position/Status

Chief Risk Officer/PDMR

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

Equiniti Group plc

b)

LEI

213800TS721HGE2JIV94

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 and identification code

Ordinary shares of £0.001 each

 

ISIN:GB00BYWWHR75

b)

Nature of transaction

Grant of awards under the Equiniti Group Performance Share Plan (PSP)

c)

Price(s) and volume(s)

 

Scheme

Price(s)

Volume(s)

PSP A

£1.496

71,858

PSP D

£1.496

14,643

 

d)

Aggregated information

See above 4 c)

e)

Date of transaction

21 April 2020

f)

Place of transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Enrique Sacau

2

Reason for notification

 

a)

Position/Status

CEO of EQ Digital/PDMR

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

Equiniti Group plc

b)

LEI

213800TS721HGE2JIV94

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 and identification code

Ordinary shares of £0.001 each

 

ISIN: GB00BYWWHR75

b)

Nature of transaction

Grant of awards under the Equiniti Group Performance Share Plan (PSP)

c)

Price(s) and volume(s)

 

Scheme

Price(s)

Volume(s)

PSP A

£1.496

75,201

 

d)

Aggregated information

See above 4 c)

e)

Date of transaction

21 April 2020

f)

Place of transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Amy Madden

2

Reason for notification

 

a)

Position/Status

Chief Customer Officer/PDMR

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

Equiniti Group plc

b)

LEI

213800TS721HGE2JIV94

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 and identification code

Ordinary shares of £0.001 each

 

ISIN: GB00BYWWHR75

b)

Nature of transaction

Grant of awards under the Equiniti Group Performance Share Plan (PSP)

c)

Price(s) and volume(s)

 

Scheme

Price(s)

Volume(s)

PSP A

£1.496

31,751

PSP D

£1.496

4,100

 

d)

Aggregated information

See above 4 c)

e)

Date of transaction

21 April 2020

f)

Place of transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Duncan Watson

2

Reason for notification

 

a)

Position/Status

CEO of EQ Paymaster/PDMR

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

Equiniti Group plc

b)

LEI

213800TS721HGE2JIV94

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 and identification code

Ordinary shares of £0.001 each

 

ISIN: GB00BYWWHR75

b)

Nature of transaction

Grant of awards under the Equiniti Group Performance Share Plan (PSP)

c)

Price(s) and volume(s)

 

Scheme

Price(s)

Volume(s)

PSP A

£1.496

30,080

PSP D

£1.496

5,176

 

 

d)

Aggregated information

See above 4 c)

e)

Date of transaction

21 April 2020

f)

Place of transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Lina Brown

2

Reason for notification

 

a)

Position/Status

Chief Commercial Officer/PDMR

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

Equiniti Group plc

b)

LEI

213800TS721HGE2JIV94

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 and identification code

Ordinary shares of £0.001 each

 

ISIN: GB00BYWWHR75

b)

Nature of transaction

Grant of awards under the Equiniti Group Performance Share Plan (PSP)

c)

Price(s) and volume(s)

 

Scheme

Price(s)

Volume(s)

PSP A

£1.496

29,245

PSP D

£1.496

5,125

 

 

d)

Aggregated information

See above 4 c)

e)

Date of transaction

21 April 2020

f)

Place of transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Todd May

2

Reason for notification

 

a)

Position/Status

CEO of EQ by Equiniti/PDMR

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

Equiniti Group plc

b)

LEI

213800TS721HGE2JIV94

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 and identification code

Ordinary shares of £0.001 each

 

ISIN: GB00BYWWHR75

b)

Nature of transaction

Grant of awards under the Equiniti Group Performance Share Plan (PSP)

c)

Price(s) and volume(s)

 

Scheme

Price(s)

Volume(s)

PSP A

£1.496

96,411

 

d)

Aggregated information

See above 4 c)

e)

Date of transaction

21 April 2020

f)

Place of transaction

Outside of trading venue

 

 

Enquiries:

Kathy Cong
Company Secretary
Tel: +44(0)20 7469 1800

21st April 2020


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.
 
END
 
 
DSHFLFEFSDIVFII

Quick facts: Equiniti

Price: 149.8

Market: LSE
Market Cap: £546.08 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE