Hill & Smith Holdings PLC Director/PDMR Shareholding (0312F)
March 16 2022 - 10:41AM
UK Regulatory
TIDMHILS
RNS Number : 0312F
Hill & Smith Holdings PLC
16 March 2022
Hill & Smith Holdings PLC ('Hill & Smith' or 'the
Company')
Director Shareholdings
16 March 2022
Hill & Smith announces the following dealings by Directors
of the Company in connection with its employee share plan
arrangements.
Hill & Smith 2014 Long-Term Incentive Plan - 2022 LTIP
Award
On 16 March 2022 the Company granted awards under the Hill &
Smith Holdings 2014 Long Term Incentive Plan (the "LTIP"). The
awards have been granted in the form of rights to acquire ordinary
shares in the Company.
Paul Simmons (Chief Executive Officer) has been granted an award
over 59,541 ordinary shares and Hannah Nichols (Chief Financial
Officer) has been granted an award over 31,487 ordinary shares.
The vesting of the Awards is subject to the achievement of
performance conditions assessed over the three year performance
period 2022 - 2024, details of which are included in the Directors'
Remuneration Report for the year ended 31 December 2021.
The Awards will (subject to the achievement of the performance
conditions) vest following the end of the performance period but
may not ordinarily be exercised until the end of a further two-year
holding period.
Deferred Bonus Plan awards in respect of 2021 bonuses
On 16 March 2022 the Company granted awards under the rules of
its Deferred Bonus Plan in respect of bonuses earned for the year
ending 31 December 2021.
Paul Simmons has been granted an award over 25,435 ordinary
shares and Hannah Nichols has been granted an award over 13,298
ordinary shares.
The awards will vest following the end of a two-year deferral
period.
Exercise of share award
In its 2020 Directors' Remuneration Report, the Company
announced that it had granted Paul Simmons awards over Hill &
Smith ordinary shares in respect of remuneration forfeited at his
former employer. The first of these awards vested in July 2021 and
was exercised on 11 March 2022.
Paul acquired 15,135 shares pursuant to the exercise, being the
number of shares net of the tax and National Insurance
liability.
Paul has retained all of the shares acquired pursuant to the
exercise of this award.
2022 LTIP Awards
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Mr P Simmons
------------------------------- --------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
(a) Position/status Chief Executive Officer
------------------------------- --------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------- --------------------------------------
3. Details of the issuer
-----------------------------------------------------------------------
(a) Name Hill & Smith Holdings plc
------------------------------- --------------------------------------
(b) LEI 2138003A3ISGQZBOWI83
------------------------------- --------------------------------------
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 Ordinary shares of GBP0.25 each
Financial Instrument
------------------------------- --------------------------------------
(b) Identification code GB0004270301
of the Financial
Instrument
------------------------------- --------------------------------------
(c) Nature of the transaction Grant of 2022 LTIP award
------------------------------- --------------------------------------
(d) Price(s) and volume(s) Price(s) Volume
Nil 59,541
-------
------------------------------- --------------------------------------
(e) Aggregated information N/A single transaction
------------------------------- --------------------------------------
(f) Date of the transaction 16 March 2022
------------------------------- --------------------------------------
(g) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Mrs H K Nichols
------------------------------- --------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
(a) Position/status Chief Financial Officer
------------------------------- --------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------- --------------------------------------
3. Details of the issuer
-----------------------------------------------------------------------
(a) Name Hill & Smith Holdings plc
------------------------------- --------------------------------------
(b) LEI 2138003A3ISGQZBOWI83
------------------------------- --------------------------------------
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 Ordinary shares of GBP0.25 each
Financial Instrument
------------------------------- --------------------------------------
(b) Identification code GB0004270301
of the Financial
Instrument
------------------------------- --------------------------------------
(c) Nature of the transaction Grant of 2022 LTIP award
------------------------------- --------------------------------------
(d) Price(s) and volume(s) Price(s) Volume
Nil 31,487
-------
------------------------------- --------------------------------------
(e) Aggregated information N/A single transaction
------------------------------- --------------------------------------
(f) Date of the transaction 16 March 2022
------------------------------- --------------------------------------
(g) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------
Deferred Bonus Plan awards
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Mr P Simmons
------------------------------ ---------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
(a) Position/status Chief Executive Officer
------------------------------ ---------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------ ---------------------------------------
3. Details of the issuer
-----------------------------------------------------------------------
(a) Name Hill & Smith Holdings plc
------------------------------ ---------------------------------------
(b) LEI 2138003A3ISGQZBOWI83
------------------------------ ---------------------------------------
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 Ordinary shares of GBP0.25 each
Financial Instrument
------------------------------ ---------------------------------------
(b) Identification code GB0004270301
of the Financial
Instrument
------------------------------ ---------------------------------------
(c) Nature of the transaction Grant of Deferred Bonus Plan award
------------------------------ ---------------------------------------
(d) Price(s) and volume(s) Price(s) Volume
Nil 25,435
-------
------------------------------ ---------------------------------------
(e) Aggregated information N/A single transaction
------------------------------ ---------------------------------------
(f) Date of the transaction 16 March 2022
------------------------------ ---------------------------------------
(g) Place of the transaction Outside a trading venue
------------------------------ ---------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Mrs H K Nichols
------------------------------- --------------------------------------
2. Reason for the notification
------------------------------- --------------------------------------
(a) Position/status Chief Financial Officer
------------------------------- --------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------- --------------------------------------
3. Details of the issuer
-----------------------------------------------------------------------
(a) Name Hill & Smith Holdings plc
------------------------------- --------------------------------------
(b) LEI 2138003A3ISGQZBOWI83
------------------------------- --------------------------------------
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 Ordinary shares of GBP0.25 each
Financial Instrument
------------------------------- --------------------------------------
(b) Identification code GB0004270301
of the Financial
Instrument
------------------------------- --------------------------------------
(c) Nature of the transaction Grant of Deferred Bonus Plan award
------------------------------- --------------------------------------
(d) Price(s) and volume(s) Price(s) Volume
Nil 13,298
-------
------------------------------- --------------------------------------
(e) Aggregated information N/A single transaction
------------------------------- --------------------------------------
(f) Date of the transaction 16 March 2022
------------------------------- --------------------------------------
(g) Place of the transaction Outside a trading venue
------------------------------- --------------------------------------
Exercise of share award
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Mr P Simmons
------------------------------ ---------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
(a) Position/status Chief Executive Officer
------------------------------ ---------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------ ---------------------------------------
3. Details of the issuer
-----------------------------------------------------------------------
(a) Name Hill & Smith Holdings plc
------------------------------ ---------------------------------------
(b) LEI 2138003A3ISGQZBOWI83
------------------------------ ---------------------------------------
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 Ordinary shares of GBP0.25 each
Financial Instrument
------------------------------ ---------------------------------------
(b) Identification code GB0004270301
of the Financial
Instrument
------------------------------ ---------------------------------------
(c) Nature of the transaction Acquisition of shares pursuant to
the exercise of a share award
------------------------------ ---------------------------------------
(d) Price(s) and volume(s) Price(s) Volume
Nil 15,135
-------
------------------------------ ---------------------------------------
(e) Aggregated information N/A single transaction
------------------------------ ---------------------------------------
(f) Date of the transaction 11 March 2022
------------------------------ ---------------------------------------
(g) Place of the transaction Outside a trading venue
------------------------------ ---------------------------------------
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END
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