TIDMARW
RNS Number : 3398Z
Arrow Global Group PLC
14 March 2017
14 March 2017
Arrow Global Group PLC (the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED
The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation.
Arrow Global Group Long Term Incentive Plan ("LTIP")- Vesting of
2014 awards
In respect of the nil-cost options awarded over ordinary shares
under the LTIP on 11 March 2014 ("2014 LTIP"), following partial
achievement of the performance criteria, 86.04% of the 2014 LTIP
awards vested on 11 March 2017. The participants are not required
to make any payment for the shares which vested on the achievement
of specified performance targets which were measured over the three
year period commencing on 1 January 2014.
The following table sets out the number of ordinary shares in
the Company which either vested or were exercised by the Directors
and PDMRs on 11 March 2017 ("Shares") under the 2014 LTIP. The
Shares set out in the third column below were sold, including those
sold to discharge the tax liability on the Shares, on 13 March 2017
at an average price of GBP3.2425 per Share, leaving the balance of
Shares set out in the final column below:
Name of Director/PDMR Number of Shares vested and Total number of Shares sold, Balance of Shares retained by
exercised including Shares sold to Director/PDMR
discharge tax liabilities
(and percentage
of Company's issued share
capital sold)
----------------------- ------------------------------ ----------------------------- ------------------------------
Robert Memmott 135,086 135,086 nil
----------------------- ------------------------------ ----------------------------- ------------------------------
Zachary Lewy 145,478 145,478 nil
----------------------- ------------------------------ ----------------------------- ------------------------------
Steve Greenwood 41,218 (11,218 exercised) 11,218 30,000 (vested but not
exercised)
----------------------- ------------------------------ ----------------------------- ------------------------------
Stewart Hamilton 33,416 (nil exercised) nil 33,416 (vested but not
exercised)
----------------------- ------------------------------ ----------------------------- ------------------------------
Notification of Transactions
Zachary Lewy* additionally sold 618,045 ordinary shares in the
Company at a price of GBP3.2425 per share on 13 March 2017. This
sale was made to part fund a house purchase following his divorce
in 2016, and Zachary Lewy retains 3,716,959 ordinary shares in the
Company as set out in the table below.
Stewart Hamilton** sold 6,785 ordinary shares in the Company at
a price of GBP3.2425 per share on 13 March 2017.
* The shares were sold by Lewylang LP, a Delaware limited
partnership, which is a person closely associated with Zachary
Lewy.
** 3,392 shares were sold by Leah Hamilton who is a person
closely associated with Stewart Hamilton.
Interests of Directors and PDMRs
As a result of the above transactions, the Directors and PDMRs
are interested in the following ordinary shares in the Company:
Name of Director/PDMR Aggregate Shares held Beneficially (across all accounts % of the Company's Share Capital
following notifications) (a) (d)
----------------------- ---------------------------------------------------------- ---------------------------------
Robert Memmott 2,383,781(b) 1.36
----------------------- ---------------------------------------------------------- ---------------------------------
Zachary Lewy 3,716,959 (b)(c) 2.12
----------------------- ---------------------------------------------------------- ---------------------------------
Steve Greenwood 33,115 0.02
----------------------- ---------------------------------------------------------- ---------------------------------
Stewart Hamilton 166,193 0.09
----------------------- ---------------------------------------------------------- ---------------------------------
Notes
(a) Excluding LTIP awards of nil cost options.
(b) Includes awards under the Deferred Share Bonus Plan
(c) Includes restricted share awards.
(d) Includes shares held by Persons Closely Associated.
The Notification of Dealing Forms set out below are provided in
accordance with the requirements of the EU Market Abuse
Regulation.
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Rob Memmott
------------------------------------------------------------------------------ ----------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Group 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 Arrow Global
Group Plc
------------------------------------------------------------------------------ ----------------------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------------------ ----------------------------------
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 Ordinary shares
code of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------------------ ----------------------------------
b) Nature of the transaction Exercise of
nil-cost options
awarded over
ordinary shares
under the
LTIP on 11
March 2014.
------------------------------------------------------------------------------ ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/A - nil-cost options 135,086
------------------------------------------------------------------------------ ----------------------- ---------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------------------ ----------------------------------
e) Date of the transaction 13 March 2017
------------------------------------------------------------------------------ ----------------------------------
f) Place of the transaction London Stock
Exchange
------------------------------------------------------------------------------ ----------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-------------------------------------------------------------------------------------------------------
a) Name Rob Memmott
------------------------------------------------------------------------------- ----------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------------
a) Position/status Group 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 Arrow Global
Group Plc
------------------------------------------------------------------------------- ----------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------------------- ----------------------
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 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------------------- ----------------------
b) Nature of the transaction Sale of shares
following
the exercise
of nil-cost
options awarded
over ordinary
shares under
the LTIP on
11 March 2014.
------------------------------------------------------------------------------- ----------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.2425 135,086
------------------------------------------------------------------------------- ----------- ---------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------------------- ----------------------
e) Date of the transaction 13 March 2017
------------------------------------------------------------------------------- ----------------------
f) Place of the transaction London Stock
Exchange
------------------------------------------------------------------------------- ----------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Zachary Lewy
------------------------------------------------------------------------------ ----------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Founder and
Group Chief
Investment
Officer
------------------------------------------------------------------------------ ----------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------------------ ----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
------------------------------------------------------------------------------ ----------------------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------------------ ----------------------------------
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 Ordinary shares
code of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------------------ ----------------------------------
b) Nature of the transaction Exercise of
nil-cost options
awarded over
ordinary shares
under the
LTIP on 11
March 2014.
------------------------------------------------------------------------------ ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/A - nil-cost options 145,478
------------------------------------------------------------------------------ ----------------------- ---------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------------------ ----------------------------------
e) Date of the transaction 13 March 2017
------------------------------------------------------------------------------ ----------------------------------
f) Place of the transaction London Stock
Exchange
------------------------------------------------------------------------------ ----------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-------------------------------------------------------------------------------------------------------
a) Name Zachary Lewy
------------------------------------------------------------------------------- ----------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------------
a) Position/status Founder and
Group Chief
Investment
Officer
------------------------------------------------------------------------------- ----------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------------------- ----------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-------------------------------------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
------------------------------------------------------------------------------- ----------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------------------- ----------------------
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 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------------------- ----------------------
b) Nature of the transaction Sale of shares
following
the exercise
of nil-cost
options awarded
over ordinary
shares under
the LTIP on
11 March 2014.
------------------------------------------------------------------------------- ----------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.2425 145,478
------------------------------------------------------------------------------- ----------- ---------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------------------- ----------------------
e) Date of the transaction 13 March 2017
------------------------------------------------------------------------------- ----------------------
f) Place of the transaction London Stock
Exchange
------------------------------------------------------------------------------- ----------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Lewylang LP
------------------------------------------------------------------- ---------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Person closely
associated
with Zachary
Lewy.
------------------------------------------------------------------- ---------------------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
------------------------------------------------------------------- ---------------------------------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------- ---------------------------------------------
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 Ordinary shares
Identification code of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------- ---------------------------------------------
b) Nature of the transaction Sale of ordinary
shares in
the Company.
------------------------------------------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.2425 618,045
------------------------------------------------------------------- ---------------------- ---------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------- ---------------------------------------------
e) Date of the transaction 13 March 2017
------------------------------------------------------------------- ---------------------------------------------
f) Place of the transaction London Stock
Exchange
------------------------------------------------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Steve Greenwood
------------------------------------------------------------------ ----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Group Chief
Risk Officer
------------------------------------------------------------------ ----------------------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------ ----------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
------------------------------------------------------------------ ----------------------------------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------ ----------------------------------------------
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 Ordinary shares
Identification code of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------ ----------------------------------------------
b) Nature of the transaction Part exercise
of nil-cost
options awarded
over ordinary
shares under
the LTIP on
11 March 2014.
------------------------------------------------------------------ ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/A - nil-cost options 11,218
------------------------------------------------------------------ ----------------------- ---------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------ ----------------------------------------------
e) Date of the transaction 13 March 2017
------------------------------------------------------------------ ----------------------------------------------
f) Place of the transaction London Stock
Exchange
------------------------------------------------------------------ ----------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Steve Greenwood
------------------------------------------------------------------- ---------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Group Chief
Risk Officer
------------------------------------------------------------------- ---------------------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
------------------------------------------------------------------- ---------------------------------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------- ---------------------------------------------
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 Ordinary shares
Identification code of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------- ---------------------------------------------
b) Nature of the transaction Sale of shares
following
the part exercise
of nil-cost
options awarded
over ordinary
shares under
the LTIP on
11 March 2014.
------------------------------------------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.2425 11,218
------------------------------------------------------------------- ---------------------- ---------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------- ---------------------------------------------
e) Date of the transaction 13 March 2017
------------------------------------------------------------------- ---------------------------------------------
f) Place of the transaction London Stock
Exchange
------------------------------------------------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Stewart Hamilton
------------------------------------------------------------------------------- ---------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Group General
Counsel and
Company Secretary
------------------------------------------------------------------------------- ---------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
------------------------------------------------------------------------------- ---------------------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------------------- ---------------------------------
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 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------------------- ---------------------------------
b) Nature of the transaction Sale of ordinary
shares in
the Company.
------------------------------------------------------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.2425 3,393
------------------------------------------------------------------------------- ---------------------- ---------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------------------- ---------------------------------
e) Date of the transaction 13 March 2017
------------------------------------------------------------------------------- ---------------------------------
f) Place of the transaction London Stock
Exchange
------------------------------------------------------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
------------------------------------------------------------------------------------------------------------------
a) Name Leah Hamilton
------------------------------------------------------------------- ---------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status Person closely
associated
with Stewart
Hamilton.
------------------------------------------------------------------- ---------------------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
------------------------------------------------------------------------------------------------------------------
a) Name Arrow Global
Group Plc
------------------------------------------------------------------- ---------------------------------------------
b) LEI 213800CUJ6YMLEO33C88
------------------------------------------------------------------- ---------------------------------------------
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 Ordinary shares
Identification code of 1p each
ISIN: GB00BDGTXM47
------------------------------------------------------------------- ---------------------------------------------
b) Nature of the transaction Sale of ordinary
shares in
the Company.
------------------------------------------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.2425 3,392
------------------------------------------------------------------- ---------------------- ---------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------------------- ---------------------------------------------
e) Date of the transaction 13 March 2017
------------------------------------------------------------------- ---------------------------------------------
f) Place of the transaction London Stock
Exchange
------------------------------------------------------------------- ---------------------------------------------
ENQUIRIES
+44 (0)161
Arrow Global 242 1724
Stewart Hamilton (Company Secretary)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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