AJ Bell PLC

Remuneration Information • Jan 21, 2019

National Storage Mechanism | Additional information

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RNS Number : 5694N

AJ Bell PLC

21 January 2019

21 January 2019

AJ Bell plc

("AJ Bell" or  the "Company")

Director/PDMR Shareholding

On 18 January 2019, AJ Bell granted annual and deferred awards over the Company's ordinary shares of £0.000125 each to the following executive directors and senior managers, all of whom are PDMRs, under the AJ Bell Executive Incentive Plan ("EIP") in respect of bonuses for the year ending 30 September 2019.

Number	Name	Position of PDMR	Number of shares subject to annual award	Number of shares subject to deferred award
1.	Andrew Bell	Chief Executive Officer	220,312	330,469
2.	Michael Summersgill	Chief Financial Officer	82,500	123,750
3.	Fergus Lyons	AJ Bell Investcentre Managing Director	58,500	39,000
4.	Charles Galbraith	AJ Bell Youinvest Managing Director	55,349	36,899
5.	Roger Stott	Group Finance Director	29,301	19,534
6.	Louis Petherick	Chief Risk Officer	19,603	13,069
7.	Bruce Robinson	Group Legal Services Director and Company Secretary	13,500	9,000

No consideration was paid for the grant of the awards, which have been structured as nominal cost options. 

In the case of the Executive Directors, Andrew Bell and Michael Summersgill:

a)   the annual awards will normally vest once it has been determined if, and the extent to which, the performance conditions have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019.

b)   the deferred awards will, subject to the satisfaction of the performance conditions, normally vest on 30 September 2022.

c)   both the annual awards and the deferred awards will be subject to a holding period which expires on 30 September 2023, and will, ordinarily, remain exercisable until the day before the tenth anniversary of the date of grant.

In the case of the Senior Managers, Fergus Lyons, Charles Galbraith, Roger Stott, Louis Petherick  and Bruce Robinson:

a)   the annual awards will normally vest once it has been determined if, and the extent to which, the performance conditions have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019.

b)   the deferred awards will, subject to the satisfaction of the performance conditions, normally vest on 30 September 2021.

c)   both the annual awards and the deferred awards will, ordinarily, remain exercisable until the day before the tenth anniversary of the date of grant.

For further information, please contact:

AJ Bell plc

Bruce Robinson, Company Secretary                                                     +44 (0) 780 234 4859

Shaun Yates, Head of Investor Relations                                                +44 (0) 752 223 5898 

AJ Bell plc

Notification of person discharging managerial responsibilities/ person closely associated

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Andrew James Bell

2.

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/ Amendment

This is an initial notification

3.

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

a)

Name

AJ Bell plc

b)

LEI

213800VNKA7DPWXWJJ36

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.000125 each

Identification code

ISIN: GB00BFZNLB60

b)

Nature of the transaction

1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and

2.  Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2022.

c)

Price(s) and volume(s)

Type of award	Price(s)	Volume(s)
Annual award	£0.000125	220,3123
Deferred award	£0.000125	330,469

d)

Aggregated information

Aggregated volume

price

Aggregated volume: 550,781

£68.85

e)

Date of the transaction

18 January 2019

f)

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Michael Summersgill

2.

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/ Amendment

This is an initial notification

3.

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

a)

Name

AJ Bell plc

b)

LEI

213800VNKA7DPWXWJJ36

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.000125 each

Identification code

ISIN: GB00BFZNLB60

b)

Nature of the transaction

1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and

2.  Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2022. 

c)

Price(s) and volume(s)

Type of award	Price(s)	Volume(s)
Annual award	£0.000125	82,500
Deferred award	£0.000125	123,750

d)

Aggregated information

Aggregated volume

Price

Aggregated volume: 206,250

£25.79

e)

Date of the transaction

18 January 2019

f)

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Fergus Lyons

2.

Reason for the notification

a)

Position/status

AJ Bell Investcentre Managing Director

b)

Initial notification/ Amendment

This is an initial notification

3.

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

a)

Name

AJ Bell plc

b)

LEI

213800VNKA7DPWXWJJ36

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.000125 each

Identification code

ISIN: GB00BFZNLB60

b)

Nature of the transaction

1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and

2.   Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2021. 

c)

Price(s) and volume(s)

Type of award	Price(s)	Volume(s)
Annual award	£0.000125	58,500
Deferred award	£0.000125	39,000

d)

Aggregated information

Aggregated volume

Price

Aggregated volume: 97,500

£12.19

e)

Date of the transaction

18 January 2019

f)

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Charles Galbraith

2.

Reason for the notification

a)

Position/status

AJ Bell Youinvest Managing Director

b)

Initial notification/ Amendment

This is an initial notification

3.

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

a)

Name

AJ Bell plc

b)

LEI

213800VNKA7DPWXWJJ36

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.000125 each

Identification code

ISIN: GB00BFZNLB60

b)

Nature of the transaction

1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and

2.   Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2021. 

c)

Price(s) and volume(s)

Type of award	Price(s)	Volume(s)
Annual award	£0.000125	55,349
Deferred award	£0.000125	36,899

d)

Aggregated information

Aggregated volume

Price

Aggregated volume: 92,248

£11.54

e)

Date of the transaction

18 January 2019

f)

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Roger Stott

2.

Reason for the notification

a)

Position/status

Group Finance Director

b)

Initial notification/ Amendment

This is an initial notification

3.

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

a)

Name

AJ Bell plc

b)

LEI

213800VNKA7DPWXWJJ36

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.000125 each

Identification code

ISIN: GB00BFZNLB60

b)

Nature of the transaction

1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and

2.   Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2021. 

c)

Price(s) and volume(s)

Type of award	Price(s)	Volume(s)
Annual award	£0.000125	29,301
Deferred award	£0.000125	19,534

d)

Aggregated information

Aggregated volume

Price

Aggregated volume: 48,835

£6.11

e)

Date of the transaction

18 January 2019

f)

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Louis Petherick

2.

Reason for the notification

a)

Position/status

Chief Risk Officer

b)

Initial notification/ Amendment

This is an initial notification

3.

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

a)

Name

AJ Bell plc

b)

LEI

213800VNKA7DPWXWJJ36

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.000125 each

Identification code

ISIN: GB00BFZNLB60

b)

Nature of the transaction

1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and

2.   Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2021.  

c)

Price(s) and volume(s)

Type of award	Price(s)	Volume(s)
Annual award	£0.000125	19,603
Deferred award	£0.000125	13,069

d)

Aggregated information

Aggregated volume

Price

Aggregated volume: 32,672

£4.09

e)

Date of the transaction

18 January 2019

f)

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Bruce Robinson

2.

Reason for the notification

a)

Position/status

Group Legal Services Director and Company Secretary

b)

Initial notification/ Amendment

This is an initial notification

3.

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

a)

Name

AJ Bell plc

b)

LEI

213800VNKA7DPWXWJJ36

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of £0.000125 each

Identification code

ISIN: GB00BFZNLB60

b)

Nature of the transaction

1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and

2.  Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2021. 

c)

Price(s) and volume(s)

Type of award	Price(s)	Volume(s)
Annual award	£0.000125	13,500
Deferred award	£0.000125	9,000

d)

Aggregated information

Aggregated volume

Price

Aggregated volume: 22,500

£2.82

e)

Date of the transaction

18 January 2019

f)

Place of the transaction

Outside a trading venue

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 rns@lseg.com or visit www.rns.com.

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