BROOKS MACDONALD GROUP PLC

Director's Dealing • Oct 24, 2023

National Storage Mechanism | Additional information

RNS Number : 1177R

Brooks Macdonald Group PLC

24 October 2023

Brooks Macdonald Group plc

(the "Company" and together with its subsidiaries "Brooks Macdonald" or the "Group")

Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") in accordance with the UK Market Abuse Regulations. 

On 23 October 2023, the Company granted pursuant to the 2018 Brooks Macdonald Long Term Incentive Plan (the "Plan") nil price options (the "Executive Director LTIP Awards") over the ordinary shares of 1 pence each in the Company (the "Shares") to the following PDMRs:

PDMR	Number of Shares Over Which Awards are Granted
Andrew Shepherd	49,318
Andrea Montague	42,748

The Plan has been established to retain and incentivise the Executive Directors in order to deliver our ambitious growth aims and to closely align the interests of executives with those of shareholders.

Vesting of Awards

The Executive Director LTIP Awards will only vest and become exercisable to the extent that significantly challenging targets are achieved over the three-year vesting period. The target metrics will be based 90% on underlying, diluted earnings per share, and 10% based on a basket of environmental, social and governance based metrics. 

Further the Executive Director LTIP Awards are also subject to continued employment and malus and clawback provisions.

Holding period

The Executive Director LTIP Awards shall be subject to a compulsory, holding period of a further two years from the date of vesting.

Timetable

To the extent that the necessary performance conditions are achieved, the Executive Director LTIP Awards will vest and become exercisable on 23 October 2026, following the announcement of the Group's results for the year ended 30 June 2026 and the holding requirement is expected to lapse on 23 October 2028.

As at today's date, these Awards together represent 0.56% of the total voting rights of the Company.

ANNEX

The notification below, made in accordance with the UK Market Abuse Regulation, provides further details:

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Andrew Shepherd
2.	Reason for the notification
(a)	Position/status	CEO
(b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Brooks Macdonald Group plc
(b)	LEI	213800WRDF8LB8MIEX37
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 1 pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of nil price options over ordinary shares of 1 pence each in the Company
(c)	Price(s) and volume(s)	Volume granted: 49,318 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	23 October 2023
	Place of the transaction	Outside of a main market

1.	Details of the person discharging managerial responsibilities / person closely associated
(a)	Name	Andrea Montague
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	Brooks Macdonald Group plc
(b)	LEI	213800WRDF8LB8MIEX37
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 1 pence each BRK  ISIN GB00B067N833
(b)	Nature of the transaction	Grant of nil price options over ordinary shares of 1 pence each in the Company
(c)	Price(s) and volume(s)	Volume granted: 42,748 Exercise Price(s): Nil
(d)	Aggregated information	Aggregated volume: n/a Aggregated price: n/a
	Date of the transaction	23 October 2023
	Place of the transaction	Outside of a main market

Enquiries:

Brooks Macdonald Group plc
Andrew Shepherd, CEO	+44 (0)20 7927 4816
Andrea Montague, CFO	+44 (0)20 7927 4816
Peel Hunt LLP
Paul Shackleton / John Welch	+44 (0)20 7418 8900

LEI: 213800WRDF8LB8MIEX37

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