Unbound Group Plc

Remuneration Information • Mar 21, 2022

National Storage Mechanism | Additional information

RNS Number : 4337F

Unbound Group PLC

21 March 2022

Unbound Group plc 

Notification and public disclosure of transactions by persons discharging managerial responsibilities

Grant of Performance Share Awards

Unbound Group plc (the "Company") announces that it has awarded nil cost options over ordinary shares of 25 pence each in the Company (the "Awards") in accordance with the terms of the Unbound Group plc 2021 Long-Term Incentive Plan to the following Persons Discharging Managerial Responsibilities (PDMRs):

Participant	Position	No. of Shares under Award
Ian Watson	Chief Executive Officer	882,033
Dan Lampard	Chief Financial Officer	508,365

The Awards were granted as Performance Share Awards on 18th March 2022. 

The Vesting Date of each Performance Share Award shall be 18th March 2025 and the Exercise Period of each Performance Share Award shall expire on 17th March 2032. A one-year Holding Period applies to each of the Performance Share Awards. 

The Vesting of each Performance Share Award is subject to  performance conditions as determined by the remuneration committee. These performance conditions and their relative weighting are:

·      Annual Compound Total Shareholder Return percentage ('TSR') over the three years to the year ending January 2025 (weighting 50%): Vesting will start from a threshold at 40% pa, with maximum vesting at 70% pa 

·      Earnings Per Share in the Year to January 2025 (weighting 50%): Vesting will start from a threshold of 18.60 pence per share, with maximum vesting at 22.74 pence per share

In both cases the awards will pay out on a straight line basis from 33% of the maximum award on achievement of the threshold performance and 100% of the maximum award on achievement of the maximum performance.

The awards were quantified, and the opening position for calculation of TSR performance conditions set, with reference to the average closing share price of the share of the company during the month of February 2022 of 55.27 pence per share.

A summary of the terms governing the Unbound Group plc 2021 Long-Term Incentive Plan can be found in the Company's admission document.

ENQUIRIES

Unbound Group plc

Dan Lampard

020 3874 8300

Stifel Nicolaus Europe Limited (Nomad and corporate broker)

Ash Burman, Nick Adams, Stewart Wallace, Francis North

020 7710 7600

Vico Partners

Sofia Newitt

020 3957 5045

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ian Andrew Watson

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Unbound Group 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 25p shares

GB0003085445

b)

Nature of the transaction

Grant of options under the Unbound Group plc 2021 Long-Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	882,033

d)

Aggregated information

- Aggregated volume

- Price

882,033 ordinary shares of 25 pence each

Nil consideration

e)

Date of the transaction  

18 March 2022

f)

Place of the transaction  

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Daniel Lampard

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Unbound Group 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 25p shares

GB0003085445

b)

Nature of the transaction

Grant of options under the Unbound Group plc 2021 Long-Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	508,365

d)

Aggregated information

- Aggregated volume

-

Price

508,365 ordinary shares of 25 pence each

Nil consideration

e)

Date of the transaction

18 March 2022

f)

Place of the transaction

Outside a trading venue

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