HYVE GROUP PLC — Director's Dealing 2020

Jan 28, 2020

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RNS Number : 2014B

Hyve Group PLC

28 January 2020

28 January 2020    

Hyve Group plc

('Hyve' or 'the Company')

Director/PDMR Shareholding

HYVE GROUP PLC - NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS 

Hyve Group plc announces that on 23 January 2020 the following Directors and Persons Discharging Managerial Responsibility have been awarded Nominal Options over ordinary shares of 1 pence each of the Company under the Rules of the Hyve Group plc Employees' Performance Share Plan 2014 (as amended in 2019) ('PSP') as shown below. 

Name	Title	Number of shares under PSP Awards
Andrew Beach	Chief Financial Officer	220,149
John Gulliver	Chief Operating Officer	192,164
Corina Holmes	Chief People Officer	167,910
Helen Milburn	General Counsel	132,929
Mark Shashoua	Chief Executive Officer	458,955

Subject to the terms of the PSP, the awards will vest and become exercisable from the third anniversary of the grant of the awards subject to continued service and to the extent to which the relevant performance conditions are satisfied over the three financial years ending 30 September 2022.

Performance conditions

Similar to the awards made in prior years, the performance conditions applied to these awards are a combination of financial and TSR performance targets as follows:

Earnings per share (40% weighting)

2022 Headline diluted EPS	% of EPS part vesting
Less than 6.0p	0%
6.0p	30% (CEO - 20%)
6.9p	100%

Vesting will be on a straight-line basis between 6.0p and 6.9p.

Relative Total Shareholder Return (40% weighting)

Hyve TSR relative to comparator group	% of EPS part vesting
Below median	0%
Median	30% (CEO - 20%)
Upper quartile	100%

Vesting will be on a straight-line basis between the median and upper quartile.

Return on Capital Employed (20% weighting)

2022 ROCE	% of EPS part vesting
Less than 10%	0%
10%	30% (CEO - 20%)
12%	100%

Vesting will be on a straight-line basis between 10% and 12%.

Set out below are the notifications made in accordance with Article 19 of the EU Market Abuse Regulation.

For further information please contact:

Hyve Group plc Jared Cranney, Company Secretary	+44 (0)20 7596 5000
FTI Consulting Charles Palmer/Chris Birt	+44 (0)20 3727 1000

Notification of Dealing Form: 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Beach 

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

Hyve Group plc

b)

LEI

549300ZOQOW485BCD047

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

Ordinary Shares of 1 pence each

Identification code

ISIN: GB0002520509

b)

Nature of the transaction

Grant of 1p cost options under the Company's Employees' Performance Share Plan

c)

Price(s) and volume(s)

Price per share	Volume
1p	220,149

d)

Aggregated Information

Volume

Price

n/a single transaction

e)

Date of transaction

23 January 2020

f)

Place of transaction

Outside a trading venue

Notification of Dealing Form:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Gulliver

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

Hyve Group plc

b)

LEI

549300ZOQOW485BCD047

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

Ordinary Shares of 1 pence each

Identification code

ISIN: GB0002520509

b)

Nature of the transaction

Grant of 1p cost options under the Company's Employees' Performance Share Plan

c)

Price(s) and volume(s)

Price per share	Volume
1p	192,164

d)

Aggregated Information

Volume

Price

n/a single transaction

e)

Date of transaction

23 January 2020

f)

Place of transaction

Outside a trading venue

Notification of Dealing Form:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Corina Holmes 

2

Reason for the notification

a)

Position/status

Chief People Officer

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Hyve Group plc

b)

LEI

549300ZOQOW485BCD047

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

Ordinary Shares of 1 pence each

Identification code

ISIN: GB0002520509

b)

Nature of the transaction

Grant of 1p cost options under the Company's Employees' Performance Share Plan

c)

Price(s) and volume(s)

Price per share	Volume
1p	167,910

d)

Aggregated Information

Volume

Price

n/a single transaction

e)

Date of transaction

23 January 2020

f)

Place of transaction

Outside a trading venue

Notification of Dealing Form:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Helen Milburn

2

Reason for the notification

a)

Position/status

General Counsel

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Hyve Group plc

b)

LEI

549300ZOQOW485BCD047

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

Ordinary Shares of 1 pence each

Identification code

ISIN: GB0002520509

b)

Nature of the transaction

Grant of 1p cost options under the Company's Employees' Performance Share Plan

c)

Price(s) and volume(s)

Price per share	Volume
1p	132,929

d)

Aggregated Information

Volume

Price

n/a single transaction

e)

Date of transaction

23 January 2020

f)

Place of transaction

Outside a trading venue

Notification of Dealing Form:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Shashoua 

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

Hyve Group plc

b)

LEI

549300ZOQOW485BCD047

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

Ordinary Shares of 1 pence each

Identification code

ISIN: GB0002520509

b)

Nature of the transaction

Grant of 1p cost options under the Company's Employees' Performance Share Plan

c)

Price(s) and volume(s)

Price per share	Volume
1p	458,955

d)

Aggregated Information

Volume

Price

n/a single transaction

e)

Date of transaction

23 January 2020

f)

Place of transaction

Outside a trading venue

About Hyve Group plc

Hyve Group plc is a next generation FTSE 250 global events business whose purpose is to create unmissable events, where customers from all corners of the globe share extraordinary moments and shape industry innovation.  Hyve Group plc was announced as the new brand name of ITE Group plc in September 2019, following its significant transformation under the Transformation and Growth (TAG) programme. Our vision is to create the world's leading portfolio of content-driven, must-attend events delivering an outstanding experience and ROI for our customers.

Where business is personal, where meetings move markets and where today's leaders inspire tomorrow's.

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