Hornby PLC Long Term Incentive Plan (1140M)
July 26 2017 - 1:19AM
UK Regulatory
TIDMHRN
RNS Number : 1140M
Hornby PLC
26 July 2017
HORNBY PLC
Hornby Plc ("Hornby", the "Company"), the international models
and collectibles group, announces that as a result of the mandatory
unconditional cash offer made for the Company on 23 June 2017 by
Phoenix UK Fund Ltd ("Phoenix") (the "Offer"), the Long Term
Incentive Plan ("LTIP") announced in December 2016 was triggered,
resulting in the vesting of the LTIP awards on the date on which
the Offer became wholly unconditional.
Accordingly, certain awards have been made to participants of
the LTIP as shown below:
Number of shares Cash settlement amount
in relation to determined by reference
which the LTIP to 32.375 pence per
PDMR award vested share
--------------- ----------------- -------------------------
Steve Cooke 222,543 GBP72,048
David Mulligan 62,312 GBP20,173
Red McKay 67,653 GBP21,902
Enquiries:
Hornby Plc 01843 233500
Steve Cooke, Chief Executive
David Mulligan, Group Finance Director
www.hornby.com
Numis Securities Limited 020 7260 1000
Oliver Cardigan (Nomad)
Paul Gillam
Tom Ballard
Capital Access Group 020 3763 3400
Scott Fulton
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------------------
a) Name Steve Cooke
--- ------------------------------- ------------------------------------
2 Reason for Notification
--- ---------------------------------------------------------------------
a) Position/status Chief Executive
--- ------------------------------- ------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------------
a) Name Hornby Plc
--- ------------------------------- ------------------------------------
b) LEI 549300WP2GJODSTKY488
--- ------------------------------- ------------------------------------
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 Cash settlement of a right
the financial instrument, to otherwise receive 222,543
type of instrument ordinary shares of Hornby
Identification Plc in connection with the
code exercise of a performance
share award granted under
the Hornby Plc Long Term Incentive
Plan 2016
N/A
--- ------------------------------- ------------------------------------
b) Nature of the transaction Cash settlement of a right
to otherwise receive 222,543
ordinary shares of Hornby
Plc in connection with the
exercise of a performance
share award granted on 20
December 2016 under the Hornby
Plc Long Term Incentive Plan
2016 following early vesting
of the performance share award
as a result of a mandatory
cash offer made by Phoenix
UK Fund Ltd to acquire the
entire issued share capital
of Hornby Plc.
--- ------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
GBP0.3237 222,543
----------- ----------
--- ------------------------------- ------------------------------------
d) Aggregated information
* Aggregated volume 222,543
GBP72,048
* Price
--- ------------------------------- ------------------------------------
e) Date of the transaction 21 July 2017
--- ------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- ------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------------------
a) Name David Mulligan
--- ------------------------------- ------------------------------------
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 Hornby Plc
--- ------------------------------- ------------------------------------
b) LEI 549300WP2GJODSTKY488
--- ------------------------------- ------------------------------------
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 Cash settlement of a right
the financial instrument, to otherwise receive 62,312
type of instrument ordinary shares of Hornby
Identification Plc in connection with the
code exercise of a performance
share award granted under
the Hornby Plc Long Term Incentive
Plan 2016
N/A
--- ------------------------------- ------------------------------------
b) Nature of the transaction Cash settlement of a right
to otherwise receive 62,312
ordinary shares of Hornby
Plc in connection with the
exercise of a performance
share award granted on 20
December 2016 under the Hornby
Plc Long Term Incentive Plan
2016 following early vesting
of the performance share award
as a result of a mandatory
cash offer made by Phoenix
UK Fund Ltd to acquire the
entire issued share capital
of Hornby Plc.
--- ------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
GBP0.3237 62,312
----------- ----------
--- ------------------------------- ------------------------------------
d) Aggregated information
* Aggregated volume 62,312
GBP20,173
* Price
--- ------------------------------- ------------------------------------
e) Date of the transaction 21 July 2017
--- ------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- ------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------------------
a) Name Red McKay
--- ------------------------------- ------------------------------------
2 Reason for Notification
--- ---------------------------------------------------------------------
a) Position/status Supply Chain Director
--- ------------------------------- ------------------------------------
b) Initial notification/Amendment Initial Announcement
--- ------------------------------- ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------------
a) Name Hornby Plc
--- ------------------------------- ------------------------------------
b) LEI 549300WP2GJODSTKY488
--- ------------------------------- ------------------------------------
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 Cash settlement of a right
the financial instrument, to otherwise receive 67,653
type of instrument ordinary shares of Hornby
Identification Plc in connection with the
code exercise of a performance
share award granted under
the Hornby Plc Long Term Incentive
Plan 2016
N/A
--- ------------------------------- ------------------------------------
b) Nature of the transaction Cash settlement of a right
to otherwise receive 67,653
ordinary shares of Hornby
Plc in connection with the
exercise of a performance
share award granted on 20
December 2016 under the Hornby
Plc Long Term Incentive Plan
2016 following early vesting
of the performance share award
as a result of a mandatory
cash offer made by Phoenix
UK Fund Ltd to acquire the
entire issued share capital
of Hornby Plc.
--- ------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
GBP0.3237 67,653
----------- ----------
--- ------------------------------- ------------------------------------
d) Aggregated information
* Aggregated volume 67,653
GBP21,902
* Price
--- ------------------------------- ------------------------------------
e) Date of the transaction 21 July 2017
--- ------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- ------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLIFLRDSIRFID
(END) Dow Jones Newswires
July 26, 2017 02:19 ET (06:19 GMT)
Hornby (LSE:HRN)
Historical Stock Chart
From Apr 2024 to May 2024
Hornby (LSE:HRN)
Historical Stock Chart
From May 2023 to May 2024