Diurnal Group PLC Director/PDMR Shareholding (7388O)
November 09 2016 - 3:36AM
UK Regulatory
TIDMDNL
RNS Number : 7388O
Diurnal Group PLC
09 November 2016
9 November 2016
Diurnal Group plc
("Diurnal" or the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
On 8 November 2016 the following par value options over ordinary
shares of 5 pence in Diurnal were granted under the Diurnal Group
plc Long Term Incentive Plan (the "Plan") to persons discharging
managerial responsibilities ("PDMR"):
PDMR Total no. of shares Type of awards
under award
---------------- -------------------- ------------------
Martin Whitaker 133,333 Performance Share
Award
---------------- -------------------- ------------------
Martin Whitaker 69,565 Deferred Bonus
Award
---------------- -------------------- ------------------
Ian Ardill 81,250 Performance Share
Award
---------------- -------------------- ------------------
Ian Ardill 22,608 Deferred Bonus
Award
---------------- -------------------- ------------------
The performance share awards will ordinarily vest no earlier
than the third anniversary of their grant subject to the grantee's
continued service and to the extent to which the performance
conditions set for the awards are satisfied. Such awards may
potentially vest until the fifth anniversary of their grant
date.
The deferred bonus awards will ordinarily vest on the first
anniversary of their grant subject to the grantee's continued
service.
The awards were granted under award agreements that incorporated
the terms of the Plan and comprised a mix of tax-favoured 'EMI'
awards and non-tax favoured awards.
The exercise price payable per share under award is par value
presently being 5 pence per ordinary share.
Details of the full notifications received by the Company are
set out below:
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------------
a) Name Martin Whitaker
--- ------------------------------- -------------------------------------
2 Reason for Notification
--- ----------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------------- -------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------------------
a) Name Diurnal Group plc
--- ------------------------------- -------------------------------------
b) LEI N/A
--- ------------------------------- -------------------------------------
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 Ordinary Shares of 5 pence
the financial instrument, each in Diurnal Group plc
type of instrument GB00BDB6Q760
Identification
code
--- ------------------------------- -------------------------------------
b) Nature of the transaction Grant of awards under the
Diurnal Group plc Long Term
Incentive Plan as par value
options as follows:
Non-EMI performance share
award over 133,333 ordinary
shares.
EMI deferred bonus award over
9,730 ordinary shares.
Non-EMI deferred bonus award
over 59,835 ordinary shares.
The performance share award
will ordinarily vest no earlier
than the third anniversary
of its grant subject to continued
service and to the extent
to which the performance conditions
set for the awards are satisfied.
Such award may potentially
vest until the fifth anniversary
of its grant date.
The deferred bonus awards
will ordinarily vest on the
first anniversary of their
grant subject to continued
service.
The exercise price payable
per share under award is par
value presently being 5 pence
per ordinary share.
--- ------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 133,333
---------- ----------
Nil 9,730
---------- ----------
Nil 59,835
---------- ----------
--- ------------------------------- -------------------------------------
d) Aggregated information Award over total of 202,898
* Aggregated volume ordinary shares. Nil price
payable for grant.
* Price
--- ------------------------------- -------------------------------------
e) Date of the transaction 8 November 2016
--- ------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Name Ian Ardill
--- ------------------------------- ----------------------------------
2 Reason for Notification
--- -------------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------------- ----------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------------------
a) Name Diurnal Group plc
--- ------------------------------- ----------------------------------
b) LEI N/A
--- ------------------------------- ----------------------------------
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 Ordinary Shares of 5 pence
the financial instrument, each in Diurnal Group plc
type of instrument GB00BDB6Q760
Identification
code
--- ------------------------------- ----------------------------------
b) Nature of the transaction Grant of awards under the
Diurnal Group plc Long Term
Incentive Plan as par value
options as follows:
EMI performance share award
over 53,323 ordinary shares.
Non-EMI performance share
award over 27,927 ordinary
shares.
EMI deferred bonus award over
22,608 ordinary shares.
The performance share awards
will ordinarily vest no earlier
than the third anniversary
of their grant subject to
continued service and to the
extent to which the performance
conditions set for the awards
are satisfied. Such awards
may potentially vest until
the fifth anniversary of their
grant date.
The deferred bonus award will
ordinarily vest on the first
anniversary of its grant subject
to continued service.
The exercise price payable
per share under award is par
value presently being 5 pence
per ordinary share.
--- ------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 53,323
---------- ----------
Nil 27,927
---------- ----------
Nil 22,608
---------- ----------
--- ------------------------------- ----------------------------------
d) Aggregated information Award over total of 103,858
* Aggregated volume ordinary shares. Nil price
payable for grant.
* Price
--- ------------------------------- ----------------------------------
e) Date of the transaction 8 November 2016
--- ------------------------------- ----------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- ----------------------------------
For further information, please visit www.diurnal.co.uk
or contact:
+44 (0)20 3727
Diurnal Group plc 1000
Martin Whitaker, CEO
Ian Ardill, CFO
Numis Securities Ltd (Nominated +44 (0)20 7260
Adviser) 1000
Nominated Adviser: Michael Meade,
Freddie Barnfield, Paul Gillam
Corporate Broking: James Black
+44 (0)20 3727
FTI Consulting 1000
Simon Conway
Victoria Foster Mitchell
This information is provided by RNS
The company news service from the London Stock Exchange
END
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