TIDMPWS

RNS Number : 3481H

Pinewood Group PLC

16 August 2016

Pinewood Group plc (the "Company")

Notification of transactions of Persons Discharging Managerial Responsibilities

This notification is made in accordance with Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

On 12 August 2016 the persons set out in the table below, each being a Person Discharging Managerial Responsibility (a "PDMR"), notified the Company that they were granted awards ("Awards") under the Company's 2012 Long Term Incentive Plan ("LTIP").

The LTIP is an incentive plan available to senior management of the Company (including PDMRs) and provides for the grant thereunder of cash awards, the amount of which is linked to the Company's share price. The Awards comprise phantom share units ("Phantom Units") and will become payable in the normal course on 11 July 2017. The Awards will also become payable on the effective date of the proposed scheme of arrangement under Part 26 of the Companies Act 2006 in respect of the recommended cash offer for the Company by Picture Holdco Limited.

The number of Phantom Units granted to each PDMR under the Awards and pursuant to terms of the LTIP is as follows:

 
 Name of PDMR         Position         Number of Phantom   Aggregate value 
                                        Units comprising   of Phantom Units 
                                           the Award        at the time of 
                                                            grant based on 
                                                           a base price of 
                                                                 442p 
--------------  --------------------  ------------------  ----------------- 
 Ivan Dunleavy     Chief Executive          111,991          GBP495,000 
                       Officer 
--------------  --------------------  ------------------  ----------------- 
  Nick Smith     Commercial Director        78,054           GBP345,000 
--------------  --------------------  ------------------  ----------------- 
 Andrew Smith     Corporate Affairs         25,452           GBP112,500 
                       Director 
--------------  --------------------  ------------------  ----------------- 
 Chris Naisby     Finance Director          25,452           GBP112,500 
--------------  --------------------  ------------------  -----------------

Enquiries:

 
Pinewood Group plc 
 Andrew M. Smith - Corporate Affairs 
 Director                              +44 (0)1753 656732 
 
 Peel Hunt LLP (Nomad and broker) 
 Edward Knight                          +44 (0)20 7418 
 Euan Brown                             8900

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 16, 2016 10:43 ET (14:43 GMT)

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