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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October 04, 2021 09:56 ET (13:56 GMT)

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