Remuneration Information • Mar 25, 2020
Remuneration Information
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RNS Number : 6102H
Computacenter PLC
25 March 2020
Computacenter plc
Incorporated in England
Registration number: 03110569
LEI: 549300XSXUZ1I19DB105
ISIN: GB00BV9FP302
Computacenter plc
(the 'Company')
The following notifications are made under Article 19 of the Market Abuse Regulation ('MAR') relating to certain transactions in the shares of the Company by Directors of the Company, Persons Discharging Managerial Responsibilities ('PDMR') of the Company and Persons Closely Associated ('PCA') with the Directors and PDMRs.
Grant of Awards - Performance Share Plan
The Company announces that on 23 March 2020, in accordance with the rules of the Computacenter Performance Share Plan 2005 (the 'PSP'), the Company granted awards of nil-cost options (the 'PSP Awards') over Ordinary Shares of 75/9 pence each in the capital of the Company ('Ordinary Shares'), to the following Directors/PDMR:
| Director | Number of shares awarded1 |
| Mr F A Conophy (Director) | 62,915 |
| Mr M J Norris (Director) | 110,977 |
| 1 Calculated using a price of 993.00 pence per Ordinary Share which is the average middle market closing quotation, as derived from the Daily Official List of the London Stock Exchange, over the period from 18 March 2020 to 20 March 2020, being the three trading days before the date of grant of the award. |
Performance Criteria
No consideration was paid for the grant of the PSP Awards which are structured as nil cost options, and which shall ordinarily vest and become exercisable by the two participants listed above, subject to the satisfaction of the performance conditions set by the Remuneration Committee of the Company which are based on (i) the compound annual growth rate of the Group's EPS, commencing on 1 January 2020 and ending on 31 December 2022 (the 'Performance Period') and (ii) the compound annual growth rate of the Group's Services Revenue over the Performance Period. The PSP Awards for Messrs Conophy and Norris are subject to a two-year holding period following vesting. The vested PSP Awards held during the holding period will include the right to receive dividend equivalents.
| PDMR | Number of shares awarded1 |
| Mr K James (PDMR) | 12,085 |
| Mr R Gray (PDMR) | 4,582 |
| 1 Calculated using a price of 993.00 pence per Ordinary Share which is the average middle market closing quotation, as derived from the Daily Official List of the London Stock Exchange, over the period from 18 March 2020 to 20 March 2020, being the three trading days before the date of grant of the award. |
Performance Criteria
No consideration was paid for the grant of the PSP Awards which are structured as nil cost options, and which shall ordinarily vest and become exercisable by the two participants listed above, subject to the satisfaction of the performance condition set by the Remuneration Committee of the Company which is based on the compound annual growth rate of the Group's EPS over the Performance Period.
All of the PSP Awards set out above will be satisfied out of shares held by the 2011 Computacenter Employee Benefit Trust or by treasury shares held by the Company at the discretion of the Board of the Company. The relevant FCA notifications are set out below.
Grant of Awards - Deferred Bonus Plan
The Company announces that on 21 March 2020, in accordance with the rules of the Computacenter 2017 Deferred Bonus Plan (the 'DBP'), the Company granted conditional awards (the 'Bonus Awards') over Ordinary Shares of 75/9 pence each, to the following Directors:
| Director | Number of shares awarded1 |
| Mr F A Conophy (Director) | 16,538 |
| Mr M J Norris (Director) | 32,068 |
| 1 Calculated using a price of 993.00 pence per Ordinary Share which is the average middle market closing quotation, as derived from the Daily Official List of the London Stock Exchange, over the period from 18 March 2020 to 20 March 2020, being the three trading days before the date of grant of the award. |
Performance Criteria
The annual performance bonus for each of the two participants listed above is based on performance measures and targets set at the beginning of each financial year. Performance is normally assessed over one financial year. For the bonus paid in respect of 2019, 50 per cent will be paid in cash and 50 per cent, the 2019 Bonus Awards, has been deferred into Ordinary Shares of 75/9 pence each, as detailed above. One-half of the deferred shares from the 2019 Bonus Awards will vest after one year and the remaining deferred shares from the 2019 Bonus Awards will vest after two years. Ordinary Shares subject to deferral as part of the 2019 Bonus Awards will include the right to receive dividend equivalents.
No consideration was paid for the grant of the 2019 Bonus Awards which are structured as conditional awards, and which shall ordinarily vest for the two participants listed above, subject to confirmation by the Remuneration Committee of the Company.
All of the Bonus Awards set out above will be satisfied by market purchase of shares. The relevant FCA notifications are set out below.
Exercise of Options and Subsequent Sale of Shares
Computacenter Performance Share Plan 2005
The Company announces that on 23 March 2020, the following Directors and PDMRs exercised nil cost option awards over Ordinary Shares. This followed, in accordance with the rules of the PSP, the Company vesting the related nil-cost option awards, which were granted on 22 March 2017, over Ordinary Shares. Vesting of the PSP Award was subject to the achievement of performance conditions over a three year period. There was no price payable on the exercise of the PSP Award. Further, certain of the Ordinary Shares, resulting from the exercise of options, were sold for 998.68 pence each.
| DIRECTOR / PDMR | Number of options awarded | % Award vested2 |
Number of options vested | Number of options exercised | Number of options retained | Number of shares sold3 | Number of shares retained |
| Mr F A Conophy (Director) | 80,788 | 80.78% | 65,260 | - | 65,260 | - | - |
| Mr M J Norris (Director) | 142,566 | 80.78% | 115,164 | 115,164 | - | 54,246 | 60,918 |
| Mr K James (PDMR) | 13,442 | 100.00% | 13,442 | 13,442 | - | 6,337 | 7,105 |
| Mr R Gray (PDMR) | 4,684 | 100.00% | 4,684 | - | 4,684 | - | - |
| 2 On 23 March 2020, the Directors and PDMRs listed above became entitled to Ordinary Shares as a result of awards vesting under the PSP. Awards granted under the PSP scheme vest subject to the satisfaction of performance conditions at the end of a three year period. The level of vesting for awards granted in 2017 was 80.78% for the PSP Enhanced Scheme and 100% for the PSP Standard Scheme. | |||||||
| 3 For Mr M Norris and Mr K James, the sale of Ordinary Shares was sufficient only to fund the tax and national insurance liabilities and administrative fees arising from the exercise of the vested options. |
Computacenter 2017 Deferred Bonus Plan
The Company announces that on 21 March 2020, the following conditional awards over Ordinary Shares vested for the Directors below. This followed, in accordance with the rules of the Computacenter 2017 Deferred Bonus Plan, the Company vesting tranches of the related conditional 2017 Bonus Awards and 2018 Bonus Awards, which were granted on 21 March 2018 and 21 March 2019 respectively, over Ordinary Shares. Vesting of these tranches of the 2017 Bonus Awards was subject to the completion of a two-year holding period. Vesting of these tranches of the 2018 Bonus Awards was subject to the completion of a one-year holding period. The remainder of the 2018 Bonus Awards will vest at the completion of a second year of holding. Further, certain of the Ordinary Shares, resulting from the vesting of the award, were sold for 998.68 pence each.
| DIRECTOR | Number of shares vested4 | Number of shares sold3 | Number of shares retained |
| Mr F A Conophy (Director) | 12,962 | 6,111 | 6,851 |
| Mr M J Norris (Director) | 24,509 | 11,553 | 12,956 |
| 3 For both Mr F Conophy and Mr M Norris, the sale of Ordinary Shares was sufficient only to fund the tax and national insurance liabilities and administrative fees arising from the vesting of the Bonus Awards. | |||
| 4 On 21 March 2020, the Directors and PDMRs listed above became entitled to ordinary shares of 75/9 pence each in the capital of the Company, as a result of awards vesting under the DBP. Awards granted under the DBP scheme vest in two tranches with one-half of the deferred shares from the Bonus Awards vesting after one year and the remaining deferred shares from the Bonus Awards vesting after two years. The shares vesting above relate to the second tranche of the Bonus Award made on 21 March 2018 and the first tranche of the Bonus Award made on 21 March 2019. The shares were released to the Directors on 23 March 2020 when the transactions noted above took place. |
The relevant FCA notifications are set out below.
Position following Grant of Awards, Vesting of Awards and Options, Exercise of Options and Sale of Ordinary Shares
Following the completion of the transactions set out in this announcement:
| DIRECTOR | Number of Ordinary Shares held5 | Vested but unexercised nil-cost options | Balance of conditional awards under the PSP | Balance of conditional awards under the Bonus Award |
| Mr F A Conophy (Director) | 1,851,961 | 65,260 | 164,609 | 22,971 |
| Mr M J Norris (Director) | 1,219,504 | - | 290,363 | 43,766 |
| 5 Includes interests held by a PCA |
PDMR/PCA FCA Transaction Notification
| 1. | Details of Director/Person Discharging Managerial Responsibilities | ||
| Name | Francis Anthony Conophy | ||
| 2. | Reason for the notification | ||
| 2(a) | Position/Status | Group Finance Director | |
| 2(b) | Initial Notification/ Amendment |
Initial Notification | |
| 3. | Details of the issuer | ||
| 3(a) | Name | Computacenter plc | |
| 3(b) | LEI | 549300XSXUZ1I19DB105 | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Grant of a nil-cost option award over Ordinary Shares under the Computacenter Performance Share Plan 2005 (the 'PSP Award'). There is no price payable on the grant, vesting or exercise of the PSP Award. Vesting of the PSP Award is subject to the achievement of performance conditions over a three year period. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 62,915 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 62,915 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | Outside of a trading venue. | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Grant of a conditional award over Ordinary Shares under the Computacenter 2017 Deferred Bonus Plan (the 'Bonus Award'). There is no price payable on the grant or vesting of the Bonus Award. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 16,538 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 16,538 |
| 4(e) | Date of the transaction | 21-03-2020 | |
| 4(f) | Place of the transaction | Outside of a trading venue. | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Ordinary Shares acquired following the vesting of a conditional award, made on 21 March 2018, under the Computacenter 2017 Deferred Bonus Plan (the 'Bonus Award'). There is no price payable on the grant or exercise of the Bonus Award. Vesting of this tranche of the 2017 Bonus Award was subject to the completion of a two year holding period. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 6,530 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 6,530 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | Outside of a trading venue. The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust. | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Ordinary Shares acquired following the vesting of a conditional award, made on 21 March 2019, under the Computacenter 2017 Deferred Bonus Plan (the 'Bonus Award'). There is no price payable on the grant or exercise of the Bonus Award. Vesting of this tranche of the 2018 Bonus Award was subject to the completion of a one year holding period. The remainder of the 2018 Bonus Award will vest at the completion of a second year of holding. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 6,432 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 6,432 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | Outside of a trading venue. The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust. | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Sale of Ordinary Shares. Ordinary Shares sold sufficient only to fund the tax and national insurance liabilities and administrative fees arising from the conditional awards vested under the Computacenter 2017 Deferred Bonus Plan. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| 9.9868 | 6,111 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
9.9868 | 6,111 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | XLON |
| 1. | Details of Director/Person Discharging Managerial Responsibilities | ||
| Name | Michael John Norris | ||
| 2. | Reason for the notification | ||
| 2(a) | Position/Status | Chief Executive Officer | |
| 2(b) | Initial Notification/ Amendment |
Initial Notification | |
| 3. | Details of the issuer | ||
| 3(a) | Name | Computacenter plc | |
| 3(b) | LEI | 549300XSXUZ1I19DB105 | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Grant of a nil-cost option award over Ordinary Shares under the Computacenter Performance Share Plan 2005 (the 'PSP Award'). There is no price payable on the grant, vesting or exercise of the PSP Award. Vesting of the PSP Award is subject to the achievement of performance conditions over a three year period. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 110,977 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 110,977 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | Outside of a trading venue. | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Grant of a conditional award over Ordinary Shares under the Computacenter 2017 Deferred Bonus Plan (the 'Bonus Award'). There is no price payable on the grant or vesting of the Bonus Award. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 32,068 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 32,068 |
| 4(e) | Date of the transaction | 21-03-2020 | |
| 4(f) | Place of the transaction | Outside of a trading venue. | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Ordinary Shares acquired following exercise of a nil-cost option awarded under the Computacenter Performance Share Plan 2005 (the 'PSP Award'). There was no price payable on the grant or exercise of the PSP Award. Vesting of the PSP Award was subject to the achievement of performance conditions over a three year period. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 115,164 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 115,164 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | Outside of a trading venue. The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust. | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Sale of Ordinary Shares. Ordinary Shares sold sufficient only to fund the tax and national insurance liabilities and administrative fees arising from the conditional awards vested under the Computacenter Performance Share Plan 2005. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| 9.9868 | 54,246 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
9.9868 | 54,246 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | XLON | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Ordinary Shares acquired following the vesting of a conditional award, made on 21 March 2018, under the Computacenter 2017 Deferred Bonus Plan (the 'Bonus Award'). There is no price payable on the grant or exercise of the Bonus Award. Vesting of this tranche of the 2017 Bonus Award was subject to the completion of a two year holding period. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 12,811 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 12,811 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | Outside of a trading venue. The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust. | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Ordinary Shares acquired following the vesting of a conditional award, made on 21 March 2019, under the Computacenter 2017 Deferred Bonus Plan (the 'Bonus Award'). There is no price payable on the grant or exercise of the Bonus Award. Vesting of this tranche of the 2018 Bonus Award was subject to the completion of a one year holding period. The remainder of the 2018 Bonus Award will vest at the completion of a second year of holding. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 11,698 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 11,698 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | Outside of a trading venue. The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust. | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Sale of Ordinary Shares. Ordinary Shares sold sufficient only to fund the tax and national insurance liabilities and administrative fees arising from the conditional awards vested under the Computacenter 2017 Deferred Bonus Plan. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| 9.9868 | 11,553 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
9.9868 | 11,553 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | XLON |
| 1. | Details of Person Discharging Managerial Responsibilities | ||
| Name | Kevin James | ||
| 2. | Reason for the notification | ||
| 2(a) | Position/Status | Group Chief Commercial Officer | |
| 2(b) | Initial Notification/ Amendment |
Initial Notification | |
| 3. | Details of the issuer | ||
| 3(a) | Name | Computacenter plc | |
| 3(b) | LEI | 549300XSXUZ1I19DB105 | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Grant of a nil-cost option award over Ordinary Shares under the Computacenter Performance Share Plan 2005 (the 'PSP Award'). There is no price payable on the grant, vesting or exercise of the PSP Award. Vesting of the PSP Award is subject to the achievement of a performance condition over a three year period. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 12,085 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 12,085 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | Outside of a trading venue. | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Ordinary Shares acquired following exercise of a nil-cost option awarded under the Computacenter Performance Share Plan 2005 (the 'PSP Award'). There was no price payable on the grant or exercise of the PSP Award. Vesting of the PSP Award was subject to the achievement of performance conditions over a three year period. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 13,442 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 13,442 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | Outside of a trading venue. The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust. | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Sale of Ordinary Shares. Ordinary Shares sold sufficient only to fund the tax and national insurance liabilities and administrative fees arising from the conditional awards vested under the Computacenter Performance Share Plan 2005. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| 9.9868 | 6,337 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
9.9868 | 6,337 |
| 4(e) | Date of the transaction | 23-03-2020 | |
| 4(f) | Place of the transaction | XLON |
| 1. | Details of Person Discharging Managerial Responsibilities | ||
| Name | Raymond John Gray | ||
| 2. | Reason for the notification | ||
| 2(a) | Position/Status | Group Company Secretary, Group Head of Financial Reporting | |
| 2(b) | Initial Notification/ Amendment |
Initial Notification | |
| 3. | Details of the issuer | ||
| 3(a) | Name | Computacenter plc | |
| 3(b) | LEI | 549300XSXUZ1I19DB105 | |
| 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 transaction(s) have been conducted | ||
| 4(a) | Description of the financial instrument | Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares') ISIN: GB00BV9FP302 |
|
| 4(b) | Nature of Transaction | Grant of a nil-cost option award over Ordinary Shares under the Computacenter Performance Share Plan 2005 (the 'PSP Award'). There is no price payable on the grant, vesting or exercise of the PSP Award. Vesting of the PSP Award is subject to the achievement of a performance condition over a three year period. | |
| 4(c) | Price(s) and Volume(s) | Price(s) (in GBP) | Volume(s) |
| nil | 4,582 | ||
| 4(d) | Aggregated Information Aggregated Volume and Price |
nil | 4,582 |
| 4(e) | Date of the transaction | 23-03-2030 | |
| 4(f) | Place of the transaction | Outside of a trading venue. |
Enquiries:
| Name: | Raymond Gray |
| Company Secretary | |
| Address: | Computacenter plc Hatfield Avenue Hatfield Hertfordshire AL10 9TW |
| Telephone: | 01707 631 000 |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
END
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