Moonpig Group Plc - Director/PDMR Shareholding
July 05 2023 - 7:00AM
PR Newswire (US)
Moonpig
Group plc
NOTIFICATION
OF TRANSACTIONS OF
PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES
5 July 2023
On
4 July 2023 the Company made the
following conditional awards of nil-cost options under the Moonpig
Deferred Share Bonus Plan ("DSBP") and the Moonpig Long Term
Incentive Plan ("LTIP") to Nickyl Raithatha, Chief Executive
Officer.
Scheme
|
Number
of shares awarded
|
DSBP
|
13,650
|
LTIP
|
799,173
|
The above
awards were calculated using a price of £1.4515 per share
(being the
average of the Company's share price during the 3-day period ending
with the dealing day before the date of grant).
The DSBP
award relates to the deferral of 33% of the FY23 bonus, which would
otherwise be paid in cash in July
2023, into options over shares with a future vesting date
conditional upon continued employment.
The policy
limit for LTIP awards is 200% of salary for the
CEO.
The awards
will be subject to Total Shareholder Return and Adjusted EPS
performance conditions.
Vesting of
both awards will take place three years after grant and are subject
to continued employment.
Any vested shares from the LTIP awards which are not sold to pay
income tax and national insurance liabilities will be subject to a
two year post-vesting holding period.
The Awards were made in accordance with the Company's remuneration
policy.
The
relevant notifications set out below is provided in accordance with
the requirements of Article 19 of the EU Market Abuse
Regulation.
1
|
Details
of the person discharging managerial responsibilities / person
closely associated
|
a)
|
Name
|
Nickyl
Raithatha
|
2
|
Reason
for the notification
|
a)
|
Position/status
|
Executive
Director/PDMR
|
b)
|
Initial
notification /Amendment
|
Initial
notification
|
3
|
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
|
a)
|
Name
|
Moonpig
Group plc
|
b)
|
LEI
|
213800VAYO5KCAXZHK83
|
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, type of instrument
|
Ordinary
Shares of £0.10 each
|
|
|
Identification
code
|
ISIN:
GB00BMT9K014
|
|
|
b)
|
Nature of
the transaction
|
(1)
Grant of
conditional award made under the Moonpig Deferred Share Bonus Plan;
and
(2)
Grant of
conditional award made under the Moonpig Long Term Incentive
Plan
|
c)
|
Price(s)
and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
(1) Nil
consideration
(2) Nil
consideration
|
13,650
799,173
|
|
|
|
|
|
|
d)
|
Aggregated
information
|
N/A
|
|
|
-
Aggregated volume
|
|
|
|
-
Price
|
|
|
|
e)
|
Date of
the transaction
|
4 July
2023
|
f)
|
Place of
the transaction
|
Outside of
a trading venue
|
Enquiries:
Moonpig
Group
Nickyl
Raithatha, Chief Executive Officer investors@moonpig.com,
Andy MacKinnon, Chief Financial Officer
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