MJ Hudson Group PLC Establishment of Share Incentive Plan (7210U)
April 08 2021 - 1:00AM
UK Regulatory
TIDMMJH
RNS Number : 7210U
MJ Hudson Group PLC
08 April 2021
MJ Hudson Group plc
(the "Company", "Group" or "MJ Hudson")
Establishment of Share Incentive Plan
MJ Hudson Group plc (AIM:MJH), the international solutions
provider to the asset management industry, announces the
establishment and launch of The MJ Hudson Group plc Share Incentive
Plan (the "Plan"), an HMRC tax-advantaged employee share
scheme.
-- The Plan has been adopted to promote and support the
principles of wider share ownership amongst the Company's employees
and is available to all UK employees with a minimum six months of
continuous service with the Company, including MJ Hudson's
executive directors.
-- The Plan invites individuals to elect to purchase ordinary
shares of nil par value each in the Company ("Ordinary Shares") via
the SIP trustee ("SIP Trustee") using monthly deductions from gross
salary. The Company is working to introduce share or benefits plans
across all the Group's jurisdictions subject to local regulations.
Further announcements on this will be made in due course.
-- Individual elections may not exceed GBP1,800 per employee in
any one tax year. For each Ordinary Share acquired in this manner,
participants will be awarded two further Ordinary Shares, known as
"Matching Shares", at nil cost. Matching Shares must normally be
held in the SIP for a minimum holding period of three years. The
Plan may also at a future date incorporate the option to grant free
shares as is also permitted under the Plan rules.
Elections under the scheme and the requirement for Matching
Shares will normally be satisfied by the monthly purchase of
Ordinary Shares by the SIP Trustee on behalf of those participating
employees at the prevailing market price. The Company retains the
option to source Matching Shares via the issue of new Ordinary
Shares at its discretion, which will be notified at the time of
issue.
The following Persons Discharging Managerial Responsibilities
("PDMRs") have chosen to participate in the SIP:
Name PDMR/Director
Peter Connell Director (CFO)
---------------
Odi Lahav Director (COO)
---------------
The Plan is currently not open to employees and executive
directors in Matthew Hudson's concert party, as described in the
Company's admission document.
Commenting on the Plan, Matthew Hudson, CEO of the Group said:
"As a company listed on AIM, it is part of our strategy to provide
staff with exposure to the Group's equity advancement. The Plan
offers UK staff a stake in the Company through a tax efficient plan
that both serves as an incentive and promotes loyalty. We will soon
be introducing similar plans for our growing number of non-UK staff
."
For further information, please contact:
MJ Hudson Group plc
Matthew Hudson, CEO
Andrew Walsh, IRO
Katherine Hazelden, PR Director +44 20 3463 3200
Cenkos Securities (Nomad and Broker)
Giles Balleny
Stephen Keys
Callum Davidson +44 20 7397 8900
Investec Bank (Joint Broker)
Christopher Baird
David Flin +44 20 7597 5970
Buchanan (PR Adviser)
Stephanie Watson
Kim Looringh-van Beeck +44 20 7466 5000
About MJ Hudson
MJ Hudson is a one-stop-shop for advice, outsourcing, and
analytics for the US$100 trillion+ asset management industry, with
a focus on its fastest growing segment, alternative assets, which
includes private equity, venture capital, hedge funds and real
estate.
As outlined at IPO in December 2019, our strategy is to scale up
through both organic growth and through M&A, adding
complementary products and services and extending our geographic
reach. This growth is supported by the continuing trend towards
outsourcing; the growing need for specialist advice (as regulation
in asset management proliferates); and the underlying expansion of
the alternative assets subsector.
Founded in 2010 by CEO Matthew Hudson (a lawyer and former
alternative assets fund manager), we have grown quickly to now
support more than 1,000 clients, including 18 of the FTSE 100. Our
business is transatlantic, with clients clustered around the major
asset management centres of Europe and North America. Our team of
230 works out of 11 offices in those same centres.
For more information, please visit our website:
investors.mjhudson.com/
Linkedin: www.linkedin.com/company/mj-hudson/
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