Goco Group PLC Director/PDMR Shareholding (0977N)
May 15 2020 - 8:49AM
UK Regulatory
TIDMGOCO
RNS Number : 0977N
Goco Group PLC
15 May 2020
GoCo Group plc
15 May 2020
GoCo Group plc
Notification of Transactions of Directors and Persons
Discharging Managerial Responsibility (PDMR)
Awards Vesting under the Deferred Bonus Plan
The information contained in this notification is disclosed in
accordance with the requirements of the EU Market Abuse
Regulation.
GoCo Group plc (the "Company") announces that on 14 May 2020 the
following transactions were undertaken by the Directors over the
number of ordinary shares in the Company, as a result of awards
vesting under the Deferred Bonus Plan ("DBP"). Awards granted under
the DBP vest in three tranches on the anniversary of the award over
three consecutive years. The shares vesting relate to the second
tranche of the award granted on 11 April 2018 and the first tranche
of the award granted on 3 April 2019.
In accordance with the rules of the 2016 Deferred Bonus Plan, as
part of the vesting additional shares have been added to each
award, equivalent to the dividends payable during the vesting
period. Shares were sold at an overall price of GBP0.797318 each to
cover tax and NI liabilities and the remainder of shares
retained.
Director Plan Number of Dividend Number of Number of
shares exercised equivalent shares sold shares retained
shares (1)
2018
Matthew Crummack DBP 23,609 166 11,214 12,561
------ ------------------ ------------ ------------- -----------------
2019
DBP 36,438 387 17,370 19,455
------------------------- ------------------ ------------ ------------- -----------------
2018
Nick Wrighton DBP 11,509 80 5,467 6,122
------ ------------------ ------------ ------------- -----------------
2019
DBP 20,498 217 9,771 10,994
------------------------- ------------------ ------------ ------------- -----------------
(1) Both directors sold a sufficient number of shares to meet
income tax and National Insurance liabilities retaining the
balance.
2018 Deferred Bonus Plan
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Matthew Crummack
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name GoCo Group plc
--------------------------------- ----------------------------------------------
b) LEI 213800DUUN4C47JEL561
--------------------------------- ----------------------------------------------
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 GoCo Group plc Ordinary shares of
financial instrument, GBP0.0002 each
type of instrument
Identification code ISIN: GB00BZ02Q916
b) Nature of the transaction 1. Award of 166 dividend equivalent
shares
2. Acquisition of 23,609 shares on
vesting of an award under the Deferred
Bonus Plan
3. Sale of 11,214 Ordinary shares
of GBP0.0002
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------
Volume(s)
Price(s) per
share
---------------------- --------------
1. n/a 166
---------------------- --------------
2. n/a 23,609
-------------------------------------- ---- ---------------------- --------------
3. GBP0.797318 11,214
-------------------------------------- ---- ---------------------- --------------
d) Aggregated information
- Aggregated volume
- Price n/a
e) Date of the transaction 14 May 2020
f) Place of the transaction 1. Outside a trading venue
2. XLON
3. XLON
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nicholas Wrighton
--------------------------------- ----------------------------------------------
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 GoCo Group plc
--------------------------------- ----------------------------------------------
b) LEI 213800DUUN4C47JEL561
--------------------------------- ----------------------------------------------
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 GoCo Group plc Ordinary shares of
financial instrument, GBP0.0002 each
type of instrument
Identification code ISIN: GB00BZ02Q916
b) Nature of the transaction 1. Award of 80 dividend equivalent
shares
2. Acquisition of 11,509 shares on
vesting of an award under the Deferred
Bonus Plan
3. Sale of 5,467 Ordinary shares
of GBP0.0002
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------
Volume(s)
Price(s) per
share
---------------------- --------------
1. n/a 80
---------------------- --------------
2. n/a 11,509
-------------------------------------- ---- ---------------------- --------------
3. GBP0.797318 5,467
-------------------------------------- ---- ---------------------- --------------
d) Aggregated information
- Aggregated volume
- Price n/a
e) Date of the transaction 14 May 2020
f) Place of the transaction 1. Outside a trading venue
2. XLON
3. XLON
--------------------------------- ----------------------------------------------
2019 Deferred Bonus Plan 1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Matthew Crummack
--------------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name GoCo Group plc
--------------------------------- ----------------------------------------------
b) LEI 213800DUUN4C47JEL561
--------------------------------- ----------------------------------------------
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 GoCo Group plc Ordinary shares of
financial instrument, GBP0.0002 each
type of instrument
Identification code ISIN: GB00BZ02Q916
b) Nature of the transaction 4. Award of 387 dividend equivalent
shares
5. Acquisition of 36,438 shares on
vesting of an award under the Deferred
Bonus Plan
6. Sale of 17,370 Ordinary shares
of GBP0.0002
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------
Volume(s)
Price(s) per
share
--------------------- --------------
1. n/a 387
--------------------- --------------
2. n/a 36,438
-------------------------------------- ----- --------------------- --------------
3. GBP0.797318 17,370
-------------------------------------- ----- --------------------- --------------
d) Aggregated information
- Aggregated volume
- Price n/a
e) Date of the transaction 14 May 2020
f) Place of the transaction 4. Outside a trading venue
5. XLON
6. XLON
--------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nicholas Wrighton
--------------------------------- ----------------------------------------------
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 GoCo Group plc
--------------------------------- ----------------------------------------------
b) LEI 213800DUUN4C47JEL561
--------------------------------- ----------------------------------------------
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 GoCo Group plc Ordinary shares of
financial instrument, GBP0.0002 each
type of instrument
Identification code ISIN: GB00BZ02Q916
b) Nature of the transaction 4. Award of 217 dividend equivalent
shares
5. Acquisition of 20,498 shares on
vesting of an award under the Deferred
Bonus Plan
6. Sale of 9,771 Ordinary shares
of GBP0.0002
--------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------
Volume(s)
Price(s) per
share
--------------------- --------------
1. n/a 217
--------------------- --------------
2. n/a 20,498
-------------------------------------- ----- --------------------- --------------
3. GBP0.797318 9,771
-------------------------------------- ----- --------------------- --------------
d) Aggregated information
- Aggregated volume
- Price n/a
e) Date of the transaction 14 May 2020
f) Place of the transaction 4. Outside a trading venue
5. XLON
6. XLON
--------------------------------- ----------------------------------------------
Enquiries:
GoCo Group plc
Nick Edwards, General Counsel and Company Secretary
Tel: 01633 654 060
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END
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