TIDMNEXS
RNS Number : 9368P
Nexus Infrastructure PLC
22 February 2021
22(nd) February 2021
Nexus Infrastructure plc
("Nexus" or the "Company")
Notification of Transactions by Persons Discharging Managerial
Responsibilities (PDMRs)
Nexus announces the vesting on 21(st) February 2021 of the
following awards granted under the Nexus Infrastructure plc Long
Term Incentive Plan (LTIP) by PDMRs. The awards, in the form of
conditional nil-cost options over ordinary shares of GBP0.02 each
in the Company ("Ordinary Shares"), were granted on 20(th) February
2018. Vesting was subject to various performance conditions
including average annual compound earnings per share growth and
total shareholder return relative to a comparator group, as a
result 22 per cent. of the eligible 2018 LTIP awards vested on
21(st) February 2021.
The following PDMRs received Ordinary Shares under the 2018
LTIP:
Recipient Job Title Number of Ordinary Number of Ordinary
Shares* Shares subsequently
sold**
Alan Martin Chief Financial Officer 26,007 13,004
------------------------- ------------------- ---------------------
Dawn Hillman Company Secretary 8,533 3,840
------------------------- ------------------- ---------------------
Charles Sweeney Chief Operating Officer 17,692 8,404
------------------------- ------------------- ---------------------
Managing Director,
David Topping TriConnex 16,850 8,425
------------------------- ------------------- ---------------------
Managing Director,
Robert Kendal Tamdown 8,313 4,313
------------------------- ------------------- ---------------------
Managing Director,
Simon Gallagher eSmart Networks 7,863 3,932
------------------------- ------------------- ---------------------
* No consideration was payable to receive these Ordinary Shares
under the 2018 LTIP.
** Disposal of Ordinary Shares took place on 22nd February 2021
on the London Stock Exchange at a price of 155 pence to satisfy the
tax liabilities arising from the exercise of the 2018 LTIP
awards.
Michael Morris, Chief Executive Officer, who currently is a
22.3% shareholder in Nexus, has voluntarily surrendered his 2018
LTIP awards and they have now lapsed. The Board's Remuneration
Committee has agreed that Michael Morris will be paid the cash
equivalent of 38,401 Ordinary Shares due to him under the original
2018 LTIP totalling GBP58,456 (before tax, based on a share price
of 155 pence less equivalent dealing costs). This route was taken
as under the Takeover Code, Michael Morris and his concert party
(the "Morris Concert Party") are precluded from acquiring
additional shares in Nexus under Rule 9 of the Takeover Code. The
Company intends to put in-place an appropriate annual authority for
the Morris Concert Party so that Michael Morris is able to
subscribe for Ordinary Shares through the Company's LTIP in the
future.
Total voting rights
An application has been made to the London Stock Exchange for
admission of 140,015 new Ordinary Shares to trading on AIM on 24
February 2021 ("Admission") in relation to the 2018 LTIP. Following
Admission, the total number of Ordinary Shares in issue in the
Company will be 45,400,765. Nexus does not hold any shares in
treasury, and, therefore, following Admission, the total number of
voting shares in Nexus in issue will be 45,400,765. This figure may
be used by shareholders as the denominator for the calculations by
which they determine if they are required to notify their interest
in, or a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
This notification is made in accordance with the requirements of
the Market Abuse Regulation.
Dawn Hillman
Company Secretary
Nexus Infrastructure plc Tel : 01376 320856
1) Details of the person discharging managerial responsibility
a) Name Alan Martin
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Nexus Infrastructure plc
--------------------------- ------------------------------------------
b) LEI 213800PUGVLUONLG9Y20
--------------------------- ------------------------------------------
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
-----------------------------------------------------------------------
Transaction 1
--------------------------- ------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Exercise of Options over Ordinary Shares
under the Nexus Infrastructure plc
Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 26,007
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 20(th) February 2021
--------------------------- ------------------------------------------
f) Place of the transaction Outside of Trading Venue
--------------------------- ------------------------------------------
Transaction 2
--------------------------- ------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Sale of shares sufficient to cover
tax liabilities arising on the aforesaid
award under the Nexus Infrastructure
plc Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.55 13,004
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 22nd February 2021
--------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------- ------------------------------------------
1) Details of the person discharging managerial responsibility
a) Name Dawn Hillman
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Company Secretary
--------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Nexus Infrastructure plc
--------------------------- ------------------------------------------
b) LEI 213800PUGVLUONLG9Y20
--------------------------- ------------------------------------------
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
-----------------------------------------------------------------------
Transaction 1
-----------------------------------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Exercise of Options over Ordinary Shares
under the Nexus Infrastructure plc
Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 8,533
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 20(th) February 2021
--------------------------- ------------------------------------------
f) Place of the transaction Outside of Trading Venue
--------------------------- ------------------------------------------
Transaction 2
--------------------------- ------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Sale of shares sufficient to cover
tax liabilities arising on the aforesaid
award under the Nexus Infrastructure
plc Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.55 3,840
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 22nd February 2021
--------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------- ------------------------------------------
1) Details of the person discharging managerial responsibility
a) Name Charles Sweeney
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Chief Operating Officer
--------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Nexus Infrastructure plc
--------------------------- ------------------------------------------
b) LEI 213800PUGVLUONLG9Y20
--------------------------- ------------------------------------------
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
-----------------------------------------------------------------------
Transaction 1
-----------------------------------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Exercise of Options over Ordinary Shares
under the Nexus Infrastructure plc
Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 17,692
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 20(th) February 2021
--------------------------- ------------------------------------------
f) Place of the transaction Outside of Trading Venue
--------------------------- ------------------------------------------
Transaction 2
--------------------------- ------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Sale of shares sufficient to cover
tax liabilities arising on the aforesaid
award under the Nexus Infrastructure
plc Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.55 8,404
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 22nd February 2021
--------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------- ------------------------------------------
1) Details of the person discharging managerial responsibility
a) Name David Topping
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Managing Director, TriConnex Ltd
--------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Nexus Infrastructure plc
--------------------------- ------------------------------------------
b) LEI 213800PUGVLUONLG9Y20
--------------------------- ------------------------------------------
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
-----------------------------------------------------------------------
Transaction 1
--------------------------- ------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Exercise of Options over Ordinary Shares
under the Nexus Infrastructure plc
Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 16,850
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 20(th) February 2021
--------------------------- ------------------------------------------
f) Place of the transaction L ondon Stock Exchange, AIM
--------------------------- ------------------------------------------
Transaction 2
--------------------------- ------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Sale of shares sufficient to cover
tax liabilities arising on the aforesaid
award under the Nexus Infrastructure
plc Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.55 8,425
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 22nd February 2021
--------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------- ------------------------------------------
1) Details of the person discharging managerial responsibility
a) Name Robert Kendal
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Managing Director, Tamdown Group Ltd
--------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Nexus Infrastructure plc
--------------------------- ------------------------------------------
b) LEI 213800PUGVLUONLG9Y20
--------------------------- ------------------------------------------
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
-----------------------------------------------------------------------
Transaction 1
--------------------------- ------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Exercise of Options over Ordinary Shares
under the Nexus Infrastructure plc
Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 8,313
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 20(th) February 2021
--------------------------- ------------------------------------------
f) Place of the transaction L ondon Stock Exchange, AIM
--------------------------- ------------------------------------------
Transaction 2
--------------------------- ------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Sale of shares sufficient to cover
tax liabilities arising on the aforesaid
award under the Nexus Infrastructure
plc Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.55 4,313
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 22nd February 2021
--------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------- ------------------------------------------
1) Details of the person discharging managerial responsibility
a) Name Simon Gallagher
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Managing Director, eSmart Networks
Ltd
--------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Nexus Infrastructure plc
--------------------------- ------------------------------------------
b) LEI 213800PUGVLUONLG9Y20
--------------------------- ------------------------------------------
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
-----------------------------------------------------------------------
Transaction 1
--------------------------- ------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Exercise of Options over Ordinary
Shares under the Nexus Infrastructure
plc Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 7,863
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 20(th) February 2021
--------------------------- ------------------------------------------
f) Place of the transaction L ondon Stock Exchange, AIM
--------------------------- ------------------------------------------
Transaction 2
--------------------------- ------------------------------------------
a) Description of Ordinary shares of GBP0.02 each. ISIN
the financial instrument, GB00BZ77SW60
type of instrument
Identification
code
--------------------------- ------------------------------------------
b) Nature of the transaction Sale of shares sufficient to cover
tax liabilities arising on the aforesaid
award under the Nexus Infrastructure
plc Long Term Incentive Plan
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP1.55 3,932
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 22nd February 2021
--------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------- ------------------------------------------
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