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Micro Focus Int plc - Director/PDMR Shareholding

RNS Number : 7225K
Micro Focus International plc
24 April 2020
 

24 April 2020  

 

 

Director/PDMR Shareholding

 

Micro Focus International plc

("Micro Focus" or the "Company")

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

The Company announces that on 23 April 2020, the following annual long-term incentive plan awards under the Micro Focus International plc Incentive Plan 2005 and in accordance with the approved Directors' Remuneration Policy, were made to the Executive Directors of the Company.

Details of the performance measures and targets for these awards are available on the Company's website at: https://investors.microfocus.com/.

The notification below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulations, gives further details.

 

 1

Details of the person discharging managerial responsibilities

a)

Name

Stephen Murdoch

2

Reason for the notification

a)

Position/status

Chief Executive 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

Micro Focus International plc

b)

LEI

213800F8E4X648142844

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 10 pence each ("Ordinary Shares")

GB00BJ1F4N75

b)

Nature of the transaction

Grant of a nil-cost option over Ordinary Shares under the Micro Focus International plc Incentive Plan 2005. There is no price payable on the grant, vesting or exercise of the nil-cost option.  Vesting is subject to the achievement of performance conditions over a three-year period. Subject to the rules of the plan, the nil-cost option will be exercisable from vesting until the tenth anniversary of grant.

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

250,000

d)

 

Aggregated information

 - Aggregated volume

 - Price

 

250,000

No consideration was paid for the grant of the award

e)

Date of the transaction

23 April 2020

f)

Place of the transaction

Outside a trading venue

 

 

 

 1

Details of the person discharging managerial responsibilities

a)

Name

Brian McArthur-Muscroft

2

Reason for the notification

a)

Position/status

Chief Financial 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

Micro Focus International plc

b)

LEI

213800F8E4X648142844

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 10 pence each ("Ordinary Shares")

 GB00BJ1F4N75

b)

Nature of the transaction

Grant of a nil-cost option over Ordinary Shares under the Micro Focus International plc Incentive Plan 2005. There is no price payable on the grant, vesting or exercise of the nil-cost option.  Vesting is subject to the achievement of performance conditions over a three-year period. Subject to the rules of the plan, the nil-cost option will be exercisable from vesting until the tenth anniversary of grant.

c)

 

Price(s) and volume(s)

 

 Price(s)

Volume(s)

 Nil

300,000

d)

 

Aggregated information

- Aggregated volume

 - Price

 

300,000

No consideration was paid for the grant of the Award

e)

Date of the transaction

23 April 2020

f)

Place of the transaction

Outside a trading venue

 

 

Enquiries: 

Micro Focus

Tel: +44 (0)1635 32646 

[email protected] 

Stephen Murdoch, CEO

Brian McArthur-Muscroft, CFO 

Ben Donnelly, Investor relations  

 

 

Brunswick

Tel: +44 (0) 20 7404 5959 

[email protected] 

Sarah West

Jonathan Glass 

 

Notes to Editors: 

About Micro Focus 

Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise software company supporting the technology needs and challenges of the Global 2000.  Our solutions help organizations leverage existing IT investments, enterprise applications and emerging technologies to address complex, rapidly evolving business requirements while protecting corporate information at all times. Our product portfolios are Security, IT Operations Management, Application Delivery Management, Information Management & Governance and Application Modernization & Connectivity. For more information, visit: www.microfocus.com


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Quick facts: Micro Focus International plc

Price: 438

Market: LSE
Market Cap: £1.46 billion
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