Next Fifteen Comm Director/PDMR Shareholding
April 11 2018 - 4:00AM
UK Regulatory
TIDMNFC
11 April 2018
Next Fifteen Communications Group plc
("Next 15" or the "Company")
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
The Company announces that on Tuesday 10 April the following
performance share awards ("Awards") over ordinary shares of 2.5
pence each in the capital of the Company ("Ordinary Shares") were
granted under the Next 15 Long Term Incentive Plan ("Next 15 LTIP")
to persons discharging managerial responsibilities ("PDMR"):
PDMR No. of Ordinary Shares subject to Award
Tim Dyson 134,105
Peter Harris 67,889
The above awards granted under the Next 15 LTIP will vest in
annual tranches over the five-year performance period, subject to
satisfaction of the performance conditions below, continued
employment and holding periods.
Vested tranches may be released after (i) year 3 of the
performance period (in respect of tranches vesting for years 1 to
3) and (ii) year 5 of the performance period (in respect of
tranches vesting for years 4 and 5. Vesting will be determined for
up to 70% of the Awards by the achievement of EPS growth targets
and for up to 30% by KPI conditions. The Release of an Award is
ordinarily subject to continued employment of the participant
The notification set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation. Details of the
full notifications received by the Company are set out below.
1. Details of PDMR / person closely associated with them ("PCA")
a) Name Tim Dyson
2. Reason for the notification
a) Position/ status Chief Executive Officer
b) Initial notification / amendment Initial notification.
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Next Fifteen Group Communications PLC
b) LEI: 213800BK9MBUZUUPMZ63
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 the transactions have been conducted.
a) Description of the financial instrument Ordinary Shares of 2.5p each.
ISIN: GB0030026057
b) Nature of the transaction Grant of share awards over Ordinary Shares under the Next Fifteen Communications Group PLC LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
GBPnil 134,105
d) Aggregated information Single transaction - Grant of performance share award over 134,105 Ordinary Shares at nil cost.
Aggregated volume Price
e) Date of the transaction 10 April 2018
f) Place of the transaction Outside a trading venue.
1. Details of PDMR / person closely associated with them ("PCA")
a) Name Peter Harris
2. Reason for the notification
a) Position/ status Chief Finance Officer
b) Initial notification / amendment Initial notification.
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Next Fifteen Group Communications PLC
b) LEI: 213800BK9MBUZUUPMZ63
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 the transactions have been conducted.
a) Description of the financial instrument Ordinary Shares of 2.5p each.
ISIN: GB0030026057
b) Nature of the transaction Grant of share awards over Ordinary Shares under the Next Fifteen Communications Group PLC LTIP.
c) Price(s) and volume(s) Price(s) Volume(s)
GBPnil 67,889
d) Aggregated information Single transaction - Grant of performance share award over 67,889 Ordinary Shares at nil cost.
Aggregated volume Price
e) Date of the transaction 10 April 2018
f) Place of the transaction Outside a trading venue.
Name of authorised official of issuer responsible for making
notification:
Next Fifteen Communications Group plc
Nick Lee Morrison, General Counsel +44 (0) 20 7908 6444
& Company Secretary
Investec Bank plc
Keith Anderson/Neil Coleman/Darren Vickers +44 (0) 20 7597 5970
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180411005575/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
April 11, 2018 05:00 ET (09:00 GMT)
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