LMS Capital PLC Long Term Incentive Plan Awards (5420J)
August 16 2023 - 9:11AM
UK Regulatory
TIDMLMS
RNS Number : 5420J
LMS Capital PLC
16 August 2023
LMS Capital plc
(the "Company")
Long Term Incentive Plan Awards
Director / PDMR Shareholding
16 August 2023
The Company announces that yesterday it awarded a total of
686,064 nil cost options over ordinary shares of 10 pence each to
employees of the Company under the Company's LTIP arrangements.
481,147 were awarded to the Managing Director and 204,917 were
awarded to other employees.
The awards were made in accordance with the Company's
remuneration policy, adopted by shareholders at the Annual General
Meeting in May 2023, and the terms of which were summarised in the
Company's 2022 Annual Report and Accounts on pages 46 to 54. The
awards will only vest after 3 years, subject to continued
employment with the Company by the participant and the achievement
of performance conditions set by the Company's Remuneration
Committee, linked to the deployment by the Company of its capital
into new investments which are performing in line with
expectations.
Details of the awards to the managing Director are set out
below.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulations, provides further detail in
respect of the transactions described above.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a Name Nick Friedlos
------------------------------------- -----------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a Position / status Executive Director of LMS Capital plc
------------------------------------- -----------------------------------------------
b Initial notification Initial notification
/ Amendment
------------------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a Name LMS Capital plc
------------------------------------- -----------------------------------------------
b LEI 2138004UJ1TW8UCELX08
------------------------------------- -----------------------------------------------
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 Options over Ordinary shares of 10p
financial instrument, each in LMS Capital plc
type of instrument
Identification code GB00B12MHD28
------------------------------------- -----------------------------------------------
b Nature of the transaction Grant of nil-cost share options conditional
on future performance in accordance
with the Company's long term incentive
plan
------------------------------------- -----------------------------------------------
c Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ----------------------- ----------------------
nil 481,147
----------------------------------------------------------------- ----------------------
d Aggregated information
- Aggregated volume N/A single transaction
- Price
- Total
-------------------------------------------------------------- --------------------------
e Date of the transaction 15 August 2023
------------------------------------- -----------------------------------------------
f Place of the transaction Outside of a trading venue
------------------------------------- -----------------------------------------------
For further information, please contact:
Olesya Wehlau
IQ EQ Corporate Services (UK) Limited
Company Secretary
+44 (0) 207 367 6946
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END
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