TIDMBRK
RNS Number : 2224O
Brooks Macdonald Group PLC
29 September 2023
Brooks Macdonald Group plc
(the "Company")
Director/PDMR Shareholding
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMR") in accordance with
the UK Market Abuse Regulations.
On 28 September 2023, the Company granted pursuant to the 2018
Brooks Macdonald Long Term Incentive Plan (the "Plan") nil price
options (the "LTIP Awards") over the ordinary shares of 1 pence
each in the Company (the "Shares") to the following PDMRs:
PDMR Number of Shares Over
Which LTIP Awards are
Granted
Robin Eggar 5,695
-----------------------
Richard Hughes 4 ,272
-----------------------
The Plan has been established to retain and incentivise key
executives in order to deliver sustainable growth and in addition
to align further the interests of those executives with those of
shareholders.
Vesting of Awards
The LTIP Awards will vest and become exercisable in full subject
to both the following performance conditions being met:
i) the maintenance of a satisfactory risk, compliance,
governance and internal control environment; and
ii) a Remuneration Committee assessment that the value being
delivered on vesting is commensurate with the underlying financial
performance of the Company over the three-year vesting period.
Further the LTIP Awards are also subject to continued employment
and malus and clawback provisions.
Holding period
The LTIP Awards shall be subject to a compulsory, holding period
of a further two years from the date the award vests and becomes
exercisable.
Timetable
The LTIP Awards is expected to vest and become exercisable from
28 September 2026, following the announcement of the Company's
results for the year ended 30 June 2026 and the holding period
restriction is expected to expire on 28 September 2028.
On 28 September 2023, the Company granted pursuant to the Plan
nil price options (the "DBP Awards") over Shares to the following
PDMRs under the Company's Deferred Bonus Plan:
PDMR Number of Shares Over
Which Awards are Granted
Andrew Shepherd 8,001
--------------------------
Robin Eggar 3,512
--------------------------
Richard Hughes 2,468
--------------------------
The DBP Awards vest and become exercisable in three equal
tranches on 28 September 2024, 28 September 2025 and 28 September
2026. There are no performance conditions or holding periods
associated with the DBP Awards.
As at today's date, the LTIP Awards and DBP Awards together
represent 0.15% of the total voting rights of the Company.
ANNEX
The notification below, made in accordance with the UK Market
Abuse Regulations, provides further details:
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Robin Eggar
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
(a) Position/status Managing Director, Head of UK Investment
Management
-------------------------------- -----------------------------------------
(b) Initial notification Initial notification
/Amendment
-------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
(a) Name Brooks Macdonald Group plc
-------------------------------- -----------------------------------------
(b) LEI 213800WRDF8LB8MIEX37
-------------------------------- -----------------------------------------
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 Options over ordinary shares of 1pence
instrument, type of instrument each
Identification code
BRK
ISIN GB00B067N833
-------------------------------- -----------------------------------------
(b) Nature of the transaction Grant of a nil price options over the
ordinary shares of 1 pence each in
the Company
-------------------------------- -----------------------------------------
(c) Price(s) and volume(s) Volume granted: 5,695
Exercise Price(s): Nil
-------------------------------- -----------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- -----------------------------------------
Date of the transaction 28 September 2023
-------------------------------- -----------------------------------------
Place of the transaction Outside of a main market
-------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Richard Hughes
-------------------------------- ---------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
(a) Position/status CEO International
-------------------------------- ---------------------------------------
(b) Initial notification Initial notification
/Amendment
-------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
(a) Name Brooks Macdonald Group plc
-------------------------------- ---------------------------------------
(b) LEI 213800WRDF8LB8MIEX37
-------------------------------- ---------------------------------------
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 Options over ordinary shares of 1pence
instrument, type of instrument each
Identification code
BRK
ISIN GB00B067N833
-------------------------------- ---------------------------------------
(b) Nature of the transaction Grant of nil price options over the
ordinary shares of 1 pence each in
the Company
-------------------------------- ---------------------------------------
(c) Price(s) and volume(s) Volume granted: 4,272
Exercise Price(s): Nil
-------------------------------- ---------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ---------------------------------------
Date of the transaction 28 September 2023
-------------------------------- ---------------------------------------
Place of the transaction Outside of a main market
-------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Andrew Shepherd
-------------------------------- ---------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
(a) Position/status CEO
-------------------------------- ---------------------------------------
(b) Initial notification Initial notification
/Amendment
-------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
(a) Name Brooks Macdonald Group plc
-------------------------------- ---------------------------------------
(b) LEI 213800WRDF8LB8MIEX37
-------------------------------- ---------------------------------------
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 Options over ordinary shares of 1pence
instrument, type of instrument each
Identification code
BRK
ISIN GB00B067N833
-------------------------------- ---------------------------------------
(b) Nature of the transaction Grant of nil price options over the
ordinary shares of 1 pence each in
the Company
-------------------------------- ---------------------------------------
(c) Price(s) and volume(s) Volume granted: 8,001
Exercise Price(s): Nil
-------------------------------- ---------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ---------------------------------------
Date of the transaction 28 September 2023
-------------------------------- ---------------------------------------
Place of the transaction Outside of a main market
-------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Robin Eggar
-------------------------------- -----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
(a) Position/status Managing Director, Head of UK Investment
Management
-------------------------------- -----------------------------------------
(b) Initial notification Initial notification
/Amendment
-------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
(a) Name Brooks Macdonald Group plc
-------------------------------- -----------------------------------------
(b) LEI 213800WRDF8LB8MIEX37
-------------------------------- -----------------------------------------
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 Options over ordinary shares of 1pence
instrument, type of instrument each
Identification code
BRK
ISIN GB00B067N833
-------------------------------- -----------------------------------------
(b) Nature of the transaction Grant of nil price options over the
ordinary shares of 1 pence each in
the Company
-------------------------------- -----------------------------------------
(c) Price(s) and volume(s) Volume granted: 3,512
Exercise Price(s): Nil
-------------------------------- -----------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- -----------------------------------------
Date of the transaction 28 September 2023
-------------------------------- -----------------------------------------
Place of the transaction Outside of a main market
-------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Richard Hughes
-------------------------------- ---------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------
(a) Position/status CEO International
-------------------------------- ---------------------------------------
(b) Initial notification Initial notification
/Amendment
-------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
(a) Name Brooks Macdonald Group plc
-------------------------------- ---------------------------------------
(b) LEI 213800WRDF8LB8MIEX37
-------------------------------- ---------------------------------------
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 Options over ordinary shares of 1pence
instrument, type of instrument each
Identification code
BRK
ISIN GB00B067N833
-------------------------------- ---------------------------------------
(b) Nature of the transaction Grant of nil price options over the
ordinary shares of 1 pence each in
the Company
-------------------------------- ---------------------------------------
(c) Price(s) and volume(s) Volume granted: 2,468
Exercise Price(s): Nil
-------------------------------- ---------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ---------------------------------------
Date of the transaction 28 September 2023
-------------------------------- ---------------------------------------
Place of the transaction Outside of a main market
-------------------------------- ---------------------------------------
Enquiries:
Brooks Macdonald Group PLC
Andrew Shepherd, CEO +44 (0)20 7659 3492
Andrea Montague, CFO +44 (0)20 7659 3492
Peel Hunt LLP
Paul Shackleton / John Welch +44 (0)20 7418 8900
LEI: 213800WRDF8LB8MIEX37
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END
DSHBXGDCRBDDGXC
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September 29, 2023 09:19 ET (13:19 GMT)
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