Micro Focus International plc Director/PDMR Shareholding (6921T)
March 26 2021 - 9:30AM
UK Regulatory
TIDMMCRO
RNS Number : 6921T
Micro Focus International plc
26 March 2021
26 March 2021
Micro Focus International plc
("Micro Focus" or the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations .
The Company announces that on 26 March 2021, an annual long-term
incentive plan award was granted to Stephen Murdoch, Chief
Executive Officer, under the Micro Focus International plc
Incentive Plan 2005 .
In addition, also on 26 March 2021 , awards were granted to the
Executive Directors of the Company under the Micro Focus
International plc Deferred Share Bonus Plan. These awards relate to
the compulsory deferral of one third of their FY20 bonus earned
into share awards which vest after three years.
All awards were made in accordance with the with the approved
Directors' Remuneration Policy.
The notification below, made in accordance with the requirements
of Article 19 of the EU Market Abuse Regulations, as it forms part
of domestic law by virtue of The European Union (Withdrawal) Act
2018, gives further details.
1 Details of the person discharging managerial responsibilities
a) Name Stephen Murdoch
2 Reason for the notification
a) Position/status Chief Executive Officer (PDMR)
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Micro Focus International plc
b) LEI 213800F8E4X648142844
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
financial instrument, Ordinary shares of 10 pence each ("Ordinary
type of instrument Shares")
Identification code GB00BJ1F4N75
b) Nature of the transaction 1) Grant of a nil-cost option over Ordinary
Shares under the Micro Focus International
plc Incentive Plan 2005. There is
no price payable on the grant, vesting
or exercise of the nil-cost option.
Vesting is subject to the achievement
of performance conditions over a
three-year period. Subject to the
rules of the plan, the nil-cost option
will be exercisable from vesting
until the tenth anniversary of grant.
2) Grant of a conditional award over
Ordinary Shares under the Micro Focus
International plc Deferred Share
Bonus Plan, which vests after three
years.
c) Price(s) and volume(s) Price(s) Volume(s)
1) Nil 350,515
2) Nil 19,416
d) Aggregated information Aggregated Volume Aggregated Prices
- Aggregated volume 1) 350,515 Nil
- Price 2) 19,416 Nil
e) Date of the transaction 1) and 2) 26 March 2021
f) Place of the transaction 1) and 2) Outside a trading venue
1 Details of the person discharging managerial responsibilities
a) Name Brian McArthur-Muscroft
2 Reason for the notification
a) Position/status Chief Financial Officer (PDMR)
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Micro Focus International plc
b) LEI 213800F8E4X648142844
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
financial instrument, Ordinary shares of 10 pence each ("Ordinary
type of instrument Shares")
Identification code GB00BJ1F4N75
b) Nature of the transaction Grant of a conditional award over Ordinary
Shares under the Micro Focus International
plc Deferred Share Bonus Plan, which
vests after three years.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 13,705
d) Aggregated information
- Aggregated volume 13,705
- Price Nil
e) Date of the transaction 26 March 2021
f) Place of the transaction Outside a trading venue
Enquiries:
Micro Focus Tel: +44 (0)1635 32646
Stephen Murdoch, CEO Investors@microfocus.com
Brian McArthur-Muscroft, CFO
Ben Donnelly, Investor relations
Brunswick Tel: +44 (0) 20 7404 5959
Sarah West MicroFocus@brunswickgroup.com
Jonathan Glass
Notes to Editors:
About Micro Focus
Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise
software company supporting the technology needs and challenges of
the Global 2000. Our solutions help organizations leverage existing
IT investments, enterprise applications and emerging technologies
to address complex, rapidly evolving business requirements while
protecting corporate information at all times. Our product
portfolios are Security, IT Operations Management, Application
Delivery Management, Information Management & Governance and
Application Modernization & Connectivity. For more information,
visit: www.microfocus.com
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END
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