McKay Securities Plc Director/PDMR Shareholding (5016K)
May 05 2022 - 8:12AM
UK Regulatory
TIDMMCKS
RNS Number : 5016K
McKay Securities Plc
05 May 2022
5 May 2022
MCKAY SECURITIES PLC
("McKay" or the "Company")
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES
The Persons Discharging Managerial Responsibility ("PDMRs")
named below undertook the following transactions in ordinary shares
of 20 pence each in the capital of McKay ("McKay Shares").
On 5 May 2022, following the sanction by the High Court of
Justice in England and Wales (the "Court") on 4 May 2022 of the
proposed scheme of arrangement to be made between McKay and its
shareholders under Part 26 of the Companies Act 2006 (the "Scheme")
to implement the recommended cash and share offer by Workspace
Group PLC for the entire issued, and to be issued, ordinary share
capital of McKay (the "Acquisition"), the following PDMRs acquired
McKay Shares for nil consideration, comprising the original award
McKay Shares and additional dividend equivalent McKay Shares:
Name of PDMR Original Dividend Equivalent Total Award Shares
Award Shares Shares Vesting
McKay Performance Share Plan 2017
Simon Perkins 364,256 30,448 394,704
-------------- -------------------- -------------------
Giles Salmon 238,407 19,927 258,334
-------------- -------------------- -------------------
Thomas Elliott 208,933 17,465 226,398
-------------- -------------------- -------------------
McKay Deferred Bonus Share Plan 2017
Simon Perkins 39,815 2,646 42,461
-------------- -------------------- -------------------
Giles Salmon 26,057 1,732 27,789
-------------- -------------------- -------------------
Thomas Elliott 22,839 1,517 24,356
-------------- -------------------- -------------------
The following disclosures are made in accordance with Article
19.3 of Regulation 596/2014.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Simon Perkins (Chief Executive Officer)
Giles Salmon (Chief Financial Officer)
Thomas Elliott (Property Director and
Head of Sustainability)
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status As detailed in 1a) above
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name McKay Securities Plc
-------------------------- ------------------------------------------
b) LEI 213800OPY9L5UDCSZN71
-------------------------- ------------------------------------------
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 Ordinary shares of 20 pence each ("McKay
financial instrument, Shares")
type of instrument
Identification code GB0005522007
-------------------------- ------------------------------------------
b) Nature of the transaction Acquisition of McKay Shares on 5 May
2022 following the automatic vesting
and exercise of awards of McKay Shares
granted under the McKay Performance
Share Plan 2017 on 18 July 2017, 10
June 2019, 23 June 2020 and 9 June 2021
and McKay Deferred Bonus Share Plan
2017 on 10 June 2019 and 11 January
2021, in accordance with the rules of
such plans as amended from time to time,
upon and as a result of the Court's
sanction on 4 May 2022 of the Scheme
to implement the Acquisition.
-------------------------- ------------------------------------------
c) Price(s) and volume(s) PDMR Price(s) Volume(s)
Simon Perkins Nil 437,165
---------- ----------
Giles Salmon Nil 286,123
---------- ----------
Thomas Elliott Nil 250,754
---------- ----------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume 974,042
- Price Nil
-------------------------- ------------------------------------------
e) Date of the transaction 5 May 2022
-------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- ------------------------------------------
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END
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