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DWF GROUP PLC
Remuneration Information • Sep 24, 2020
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 9362Z
DWF Group PLC
24 September 2020
DWF Group plc
("DWF" or "the Company")
LEI: 213800O9QREOHTOGQ266
24 September 2020
Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs')
On 23 September 2020, the Company granted to each of the PDMRs listed in the table below a LTIP award over such number of Ordinary Shares of 1p each in the Company (Shares) as is set out below (the Awards). The Awards are conditional awards granted under the DWF Group plc Equity Incentive Plan (the EIP).
| Name | Maximum number of Shares under Award |
| Executive Director | |
| Sir Nigel Knowles | 1,303,034 |
| Chris Stefani | 561,955 |
| Matthew Doughty | 526,833 |
The Awards will vest after three years, in accordance with the EIP rules, subject to continued employment and the satisfaction of the performance conditions relating to earnings per share ("EPS") growth, return on capital employed ("ROCE") growth and cash conversion ("CC") rate over a three-year performance period from 1 May 2020 to 30 April 2023.
As disclosed in the Company's 2020 Annual Report, after careful consideration of the impact on the global economy of COVID-19 target setting for the 2020 Awards has been deferred for six months from the date of grant. Targets for these Awards will be set and disclosed no later than 23 March 2021.
In accordance with the EIP rules, the vested Shares will be subject to a two-year holding period before the Shares are released. No consideration was paid for the grant of the award and no price is payable on the exercise of the award. For the purposes of this award, the volume weighted average price for the 5 days immediately preceding the date of grant of £0.7118 was used.
The notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
For further information please contact:
Mollie Stoker +44 (0)20 7645 4352
Company Secretary
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Sir Nigel Knowles | |
| 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 | DWF Group plc | |
| b) | Legal Entity Identifier | 213800O9QREOHTOGQ266 | |
| 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 £0.01 each ISIN: GB00BJMD6M39 |
|
| b) | Nature of the transaction | Grant of Conditional Award over such number of Ordinary Shares of 1p each | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| nil | 1,303,034 | ||
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
n/a | |
| f) | Date of the transaction | 2020-09-23 | |
| g) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Chris Stefani | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | DWF Group plc | |
| b) | Legal Entity Identifier | 213800O9QREOHTOGQ266 | |
| 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 £0.01 each ISIN: GB00BJMD6M39 |
|
| b) | Nature of the transaction | Grant of Conditional Award over such number of Ordinary Shares of 1p each | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| nil | 561,955 | ||
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
n/a | |
| f) | Date of the transaction | 2020-09-23 | |
| g) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Matthew Doughty | |
| 2 | Reason for the notification | ||
| a) | Position/status | Partner Director | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | DWF Group plc | |
| b) | Legal Entity Identifier | 213800O9QREOHTOGQ266 | |
| 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 £0.01 each ISIN: GB00BJMD6M39 |
|
| b) | Nature of the transaction | Grant of Conditional Award over such number of Ordinary Shares of 1p each | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| nil | 526,833 | ||
| e) | Aggregated information - Aggregated volume - Aggregated Price - Aggregated Total |
n/a | |
| f) | Date of the transaction | 2020-09-23 | |
| g) | Place of the transaction | Outside of a trading venue |
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