TIDMBRK
RNS Number : 9498N
Brooks Macdonald Group PLC
04 October 2021
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 Market Abuse Regulations.
On 30 September 2021, the Company granted pursuant to the 2018
Brooks Macdonald Long Term Incentive Plan (the "Plan") conditional
awards (the "Executive Director 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 Awards are Granted
Andrew Shepherd 33,086
--------------------------
Ben Thorpe 28,950
--------------------------
Lynsey Cross 11,994
--------------------------
The Plan has been established to retain and incentivise the
Executive Directors in order to deliver our ambitious growth aims
and to closely align the interests of executives with those of
shareholders.
Vesting of Awards
Awards will only vest upon achieving significantly challenging
targets over the three-year vesting period. The target metrics will
be based 90% on underlying, diluted Earnings Per Share (EPS), and
10% based on a basket of ESG based metrics.
Further the Executive Director LTIP Awards are also subject to
continued employment and malus and clawback provisions.
Holding period
The Executive Director LTIP Awards shall be subject to a
compulsory, holding period of a further two years from the date of
vesting.
Timetable
The Executive Director LTIP Awards are expected to vest on 30
September 2024, following the announcement of the Group's results
for the year ended 30 June 2024 and the holding requirement is
expected to lapse on 30 September 2026.
On 30 September 2021, the Company granted pursuant to the 2018
Brooks Macdonald Long Term Incentive Plan (the "Plan") conditional
awards (the "LTIP Awards") over the ordinary shares of 1 pence each
in the Company (the "Shares") to the following PDMR:
PDMR Number of Shares Over
Which Awards are Granted
Robin Eggar 1,655
--------------------------
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 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 of vesting.
Timetable
The LTIP Awards are expected to vest on 30 September 2023,
following the announcement of the Group's results for the year
ended 30 June 2023 and the holding requirement is expected to lapse
on 30 September 2025.
On 30 September 2021, the Company granted pursuant to the 2018
Brooks Macdonald Long Term Incentive Plan (the "Plan") nil price
options (the "DBP Awards") over the ordinary shares of 1 pence each
in the Company (the "Shares") to the following PDMRs under the
Company's Deferred Bonus Plan:
PDMR Number of Shares Over
Which Awards are Granted
Andrew Shepherd 4,247
--------------------------
Ben Thorpe 5,476
--------------------------
Lynsey Cross 3,971
--------------------------
Robin Eggar 3 ,033
--------------------------
Richard Hughes 2 ,758
--------------------------
The DBP Awards vest in three equal tranches on 30 September
2022, 30 September 2023 and 30 September 2024. There are no
performance conditions or holding periods associated with the DBP
Awards.
As at today's date, these Awards together represent 0.59% of the
total voting rights of the Company.
ANNEX
The notification below, made in accordance with the EU Market
Abuse Regulation, provides further details:
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 Ordinary shares of 1 pence each
instrument, type of instrument
Identification code BRK
ISIN GB00B067N833
-------------------------------- --------------------------------------
(b) Nature of the transaction Grant of a conditional award over the
ordinary shares of 1 pence each in
the Company
-------------------------------- --------------------------------------
(c) Price(s) and volume(s) Volume granted: 33,086
Exercise Price(s): Nil
-------------------------------- --------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- --------------------------------------
Date of the transaction 30 September 2021
-------------------------------- --------------------------------------
Place of the transaction Outside of a main market
-------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Ben Thorpe
-------------------------------- --------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
(a) Position/status Chief Financial Officer
-------------------------------- --------------------------------------
(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 Ordinary shares of 1pence each
instrument, type of instrument
Identification code BRK
ISIN GB00B067N833
-------------------------------- --------------------------------------
(b) Nature of the transaction Grant of a conditional award over the
ordinary shares of 1 pence each in
the Company
-------------------------------- --------------------------------------
(c) Price(s) and volume(s) Volume granted: 28,950
Exercise Price(s): Nil
-------------------------------- --------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- --------------------------------------
Date of the transaction 30 September 2021
-------------------------------- --------------------------------------
Place of the transaction Outside of a main market
-------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Lynsey Cross
-------------------------------- --------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
(a) Position/status Chief Operating Officer
-------------------------------- --------------------------------------
(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 Ordinary shares of 1pence each
instrument, type of instrument
Identification code BRK
ISIN GB00B067N833
-------------------------------- --------------------------------------
(b) Nature of the transaction Grant of a conditional award over the
ordinary shares of 1 pence each in
the Company
-------------------------------- --------------------------------------
(c) Price(s) and volume(s) Volume granted: 11,994
Exercise Price(s): Nil
-------------------------------- --------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- --------------------------------------
Date of the transaction 30 September 2021
-------------------------------- --------------------------------------
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 Ordinary shares of 1pence each
instrument, type of instrument
Identification code BRK
ISIN GB00B067N833
-------------------------------- -----------------------------------------
(b) Nature of the transaction Grant of a conditional award over the
ordinary shares of 1 pence each in
the Company
-------------------------------- -----------------------------------------
(c) Price(s) and volume(s) Volume granted: 1,655
Exercise Price(s): Nil
-------------------------------- -----------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- -----------------------------------------
Date of the transaction 30 September 2021
-------------------------------- -----------------------------------------
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 Ordinary shares of 1pence each
instrument, type of instrument
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: 4,247
Exercise Price(s): Nil
-------------------------------- ------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ------------------------------------
Date of the transaction 30 September 2021
-------------------------------- ------------------------------------
Place of the transaction Outside of a main market
-------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Ben Thorpe
-------------------------------- ------------------------------------
2. Reason for the notification
----------------------------------------------------------------------
(a) Position/status Chief Financial Officer
-------------------------------- ------------------------------------
(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 Ordinary shares of 1pence each
instrument, type of instrument
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: 5,476
Exercise Price(s): Nil
-------------------------------- ------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ------------------------------------
Date of the transaction 30 September 2021
-------------------------------- ------------------------------------
Place of the transaction Outside of a main market
-------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
(a) Name Lynsey Cross
-------------------------------- ------------------------------------
2. Reason for the notification
----------------------------------------------------------------------
(a) Position/status C hief Operating Officer
-------------------------------- ------------------------------------
(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 Ordinary shares of 1pence each
instrument, type of instrument
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: 3,971
Exercise Price(s): Nil
-------------------------------- ------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ------------------------------------
Date of the transaction 30 September 2021
-------------------------------- ------------------------------------
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 Ordinary shares of 1pence each
instrument, type of instrument
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: 3,033
Exercise Price(s): Nil
-------------------------------- -----------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- -----------------------------------------
Date of the transaction 30 September 2021
-------------------------------- -----------------------------------------
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 Ordinary shares of 1pence each
instrument, type of instrument
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: 2,758
Exercise Price(s): Nil
-------------------------------- ------------------------------------
(d) Aggregated information Aggregated volume: n/a
Aggregated price: n/a
-------------------------------- ------------------------------------
Date of the transaction 30 September 2021
-------------------------------- ------------------------------------
Place of the transaction Outside of a main market
-------------------------------- ------------------------------------
Enquiries:
Brooks Macdonald Group PLC
Andrew Shepherd, CEO +44 (0)20 7659 3492
Ben Thorpe, Chief Financial
Officer +44 (0)20 7659 3492
Peel Hunt LLP
Rishi Shah / John Welch +44 (0)20 7418 8900
LEI: 213800WRDF8LB8MIEX37
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END
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