Remuneration Information • Apr 5, 2019
Remuneration Information
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National Storage Mechanism | Additional information
RNS Number : 3502V
Brooks Macdonald Group PLC
05 April 2019
Brooks Macdonald Group PLC
(the "Company")
Director/PDMR Shareholding
On 4 April 2019, the Company granted pursuant to the 2018 Brooks Macdonald Long Term Incentive Plan (the "Plan") for the financial year ended 30 June 2018, 26,593 performance based restricted shares in the form of conditional share awards (the "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 |
| Caroline Connellan | 9,682 |
| Thomas Emery | 3,100 |
| Andrew Shepherd | 4,827 |
| Richard Spencer | 4,381 |
| Jason Wood | 4,603 |
The Plan has been established to retain and incentivise key executives in order to deliver sustainable growth and in addition to align further the interests of those executives with those of shareholders.
Vesting of Awards
The Awards will vest in full subject to both the following performance conditions being met:
· Average Group FUM for the financial year ending immediately prior to the Date of Vesting exceeding the Average Group FUM for the financial year ending immediately prior to the Date of Grant.
· The Total Dividend in the financial year ending immediately prior to Date of Vesting being greater than the Total Dividend in the financial year ending immediately prior to the Date of Grant.
The above conditions are subject to an additional discretionary underpin based on, inter alia, a satisfactory risk, compliance, governance and internal control environment across the Vesting Period. Further the Awards are also subject to continued employment and malus and clawback provisions.
Holding period
The Awards shall be subject to a compulsory, holding period of a further two years from the Date of Vesting.
Timetable and Awards Outstanding
The Awards are expected to vest on 1 November 2021, following the announcement of the Group's results for the year ended 30 June 2021 and the holding requirement is expected to lapse on 1 November 2023.
As at today's date, the Awards represents 0.19% of the total voting rights of the Company.
ANNEX
The notification below, made in accordance with the EU Market Abuse Regulation, provides further details:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| (a) | Name | Caroline Connellan |
| 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 | 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 1pence each BRK ISIN GB00B067N833 |
| (b) | Nature of the transaction | Grant of a performance based restricted shares in the form of a Conditional Share Award |
| (c) | Price(s) and volume(s) | Volume granted: 9,682 Exercise Price(s): Nil |
| (d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
| Date of the transaction | 4 April 2019 | |
| Place of the transaction | Outside of a main market |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| (a) | Name | Thomas Emery |
| 2. | Reason for the notification | |
| (a) | Position/status | HR Director |
| (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 1pence each BRK ISIN GB00B067N833 |
| (b) | Nature of the transaction | Grant of a performance based restricted shares in the form of a Conditional Share Award |
| (c) | Price(s) and volume(s) | Volume granted: 3,100 Exercise Price(s): Nil |
| (d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
| Date of the transaction | 4 April 2019 | |
| Place of the transaction | Outside of a main market |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| (a) | Name | Andrew Shepherd |
| 2. | Reason for the notification | |
| (a) | Position/status | CEO International and Deputy 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 | 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 1pence each BRK ISIN GB00B067N833 |
| (b) | Nature of the transaction | Grant of a performance based restricted shares in the form of a Conditional Share Award |
| (c) | Price(s) and volume(s) | Volume granted: 4,827 Exercise Price(s): Nil |
| (d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
| Date of the transaction | 4 April 2019 | |
| Place of the transaction | Outside of a main market |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| (a) | Name | Richard Spencer |
| 2. | Reason for the notification | |
| (a) | Position/status | Chief Investment 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 1pence each BRK ISIN GB00B067N833 |
| (b) | Nature of the transaction | Grant of a performance based restricted shares in the form of a Conditional Share Award |
| (c) | Price(s) and volume(s) | Volume granted: 4,381 Exercise Price(s): Nil |
| (d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
| Date of the transaction | 4 April 2019 | |
| Place of the transaction | Outside of a main market | |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| (a) | Name | Jason Wood |
| 2. | Reason for the notification | |
| (a) | Position/status | Chief Operating 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 1pence each BRK ISIN GB00B067N833 |
| (b) | Nature of the transaction | Grant of a performance based restricted shares in the form of a Conditional Share Award |
| (c) | Price(s) and volume(s) | Volume granted: 4,603 Exercise Price(s): Nil |
| (d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
| Date of the transaction | 4 April 2019 | |
| Place of the transaction | Outside of a main market |
Enquiries:
| Brooks Macdonald Group PLC | |
| Caroline Connellan, Chief Executive | +44 (0)20 7499 6424 |
| Ben Thorpe, Group Finance Director | |
| Peel Hunt LLP | |
| Guy Wiehahn | +44 (0)20 7418 8900 |
LEI: 213800WRDF8LB8MIEX37
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.
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