MOBICO GROUP
PLC
("Company")
Director/PDMR Share
Dealing
The Company provides notification of
the following transaction, effected on 20 June 2024, relating to
the below named Person Discharging Managerial Responsibilities
("PDMRs") and his
respective interests in the ordinary shares of nominal value 5p
each in the capital of the Company ("Shares") (ISIN: GB0006215205).
The transaction arises in respect of
the grant under the rules of the Company's Long-Term Incentive Plan
("LTIP") to Ignacio Garat
of three-year performance-conditioned nil-cost options over Shares
(the "2024 LTIP Award") in
accordance with the Directors Remuneration Policy.
At the time of grant, the Company's
share price (according to the middle market quotation of the
Company's share price on the last dealing day prior to the date of
grant of the awards) was 47.16p. Accordingly, the
Remuneration Committee has determined to scale back awards such
that a reduction of 30% has been applied to the 2024 LTIP
Award. The numbers shown below in relation to the 2024 LTIP
Award are post that reduction.
The Remuneration Committee retains
discretion to adjust the outcome of the vesting of the 2024 LTIP
Award having regard to all relevant circumstances, including the
Company's performance and the Company's shareholders' experience,
over the three-year performance period and further to adjust the
vesting of the Award downwards if that vesting would otherwise
result in a windfall gain.
Individual PDMR and transaction
details are set out in the table below:
|
Name
and position of PDMR
|
Number of Shares over which the 2024
LTIP Award was granted1
|
Unrestricted beneficial interest
held in Shares following the transactions2
|
Total other interest held in Shares
following the transactions3
|
|
Ignacio Garat, Group Chief Executive
Officer
|
1,781,170
|
274,659
|
2,974,4334
|
¹ The conversion of the 2024 LTIP
Award value into the number of Shares over which it was granted is
described above. The 2024 LTIP Award is shown over the maximum
number of Shares which can vest.
² Including
those held by connected persons.
³ Represents
outstanding awards granted under the Company's Executive Deferred
Bonus Plan and the Company's Long-Term Incentive Plan.
4 Mr Garat was also granted an approved CSOP award alongside his
2024 LTIP Award in line with HMRC permitted limits, which can be
exercised by way of effective set-off against any shares vesting
under the corresponding 2024 LTIP Award. Due to this effective
set-off arrangement, his interests in Shares under such approved
CSOP award is not included in the table above as this would result
in a double-count.
|
1.
|
Details of PDMR / PCA
|
|
|
Full Name
|
Ignacio Garat
|
|
|
Position / status
|
Group Chief Executive Officer,
PDMR
|
|
|
Initial notification /
amendment
|
Initial notification
|
|
2.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
|
Name
|
Mobico Group PLC
|
|
LEI
|
213800A8IQEMY8PA5X34
|
|
3.
|
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
|
|
|
Description of the financial
instrument
|
Ordinary shares of 5p
each
|
|
|
Identification code
|
GB0006215205
|
|
|
Nature of the transaction
|
(i)Award of option over shares under
the Mobico Group PLC's Long-Term Incentive Plan
|
|
|
Price(s) and
volume(s)
|
|
|
Price(s)
|
Volume(s)
|
Total
|
|
(i)
|
£ n/a
|
1,781,170
|
0.00
|
|
|
|
Date of the transaction
|
20 June 2024
|
|
|
Place of the transaction
|
n/a
|
|
|
|
| |
This above notice is given in
fulfilment of the Company's obligation under DTR 3.1 and Article 19
of the EU Market Abuse Regulation 596/2014 as incorporated into
domestic law by the European Union (Withdrawal) Act
2018.
- END -
Mobico contact and telephone number
for enquiries:
Simon Callander, Group General
Counsel & Company Secretary
+44 (0) 7795 232 708
Gillian Saunderson, Deputy Company
Secretary
+44 (0) 7471 142 961
Notes:
Legal Entity
Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference
to DTR6 Annex 1R)