Unbound Group Plc

Remuneration Information • Apr 16, 2018

National Storage Mechanism | Additional information

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RNS Number : 0293L

Electra Private Equity PLC

16 April 2018

Electra Private Equity PLC

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 12 April 2018 the following awards (called 'Unit Awards') were granted by Electra Private Equity PLC (the "Company") under the Electra Private Equity PLC Executive Share of Value Plan (as approved by the Company's shareholders at the Annual General Meeting of the Company held on 1 March 2018) to the following persons discharging managerial responsibilities:

PDMR	No. of Plan Units under Unit Award	Corresponding maximum % of Plan Pool
Gavin Manson	65,000	65%
Neil Johnson	35,000	35%

Each award is granted as a conditional right to receive a specified number of units in a notional cash pool which will, subject to achievement of specified performance targets relating to the Company's net asset value over a three-year performance period ending on 31 December 2020 and to the grantee's continued service with the Company's group.

At the end of the three-year performance period, if an award vests the grantee shall be entitled to receive an award over ordinary shares of 25 pence each in the capital of the Company ("Shares"). The number of Shares which shall be granted shall be proportionate to the extent to which the performance conditions have been satisfied, and shall be subject to individual caps on the maximum number of Shares which may be delivered.

Details of the full notifications received by the Company are set out below.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gavin Manson

2

Reason for Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Electra Private Equity PLC

b)

LEI

213800MPTI1NH8POK154

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

Identification code

Ordinary Shares of 25 pence each in Electra Private Equity PLC

GB0003085445

b)

Nature of the transaction

Grant of a unit award over 65,000 Plan Units under the Electra Private Equity PLC Executive Share of Value Plan. The award will ordinarily vest once performance has been assessed against the performance conditions following the end of the 2020 financial year, subject to the participant's continued service. Once the unit awards vest, Electra Private Equity PLC will resolve to grant nil-cost options over a number of shares in proportion to the number of Plan Units which vest and, once granted, the related share awards may be exercised up until the fifth anniversary of the date of grant of the related share award.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	65,000

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

12 April 2018

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Neil Johnson

2

Reason for Notification

a)

Position/status

Executive Chairman

b)

Initial notification/Amendment

Initial Announcement

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Electra Private Equity PLC

b)

LEI

213800MPTI1NH8POK154

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

Identification code

Ordinary Shares of 25 pence each in Electra Private Equity PLC

GB0003085445

b)

Nature of the transaction

Grant of a unit award over 35,000 Plan Units under the Electra Private Equity PLC Executive Share of Value Plan. The award will ordinarily vest once performance has been assessed against the performance conditions following the end of the 2020 financial year, subject to the participant's continued service. Once the unit awards vest, Electra Private Equity PLC will resolve to grant nil-cost options over a number of shares in proportion to the number of Plan Units which vest and, once granted, the related share awards may be exercised up until the fifth anniversary of the date of grant of the related share award.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	35,000

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

12 April 2018

f)

Place of the transaction

Outside a trading venue

Enquiries:

For further information:

Gavin Manson Chief Financial Officer Electra Private Equity PLC	020 3874 8300 [email protected]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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