HYVE GROUP PLC — Director's Dealing 2021

Oct 26, 2021

National Storage Mechanism | Additional information

RNS Number : 3240Q

Hyve Group PLC

26 October 2021

26 October 2021    

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 26 October 2021, the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") have been granted awards (by way of an acquisition of shares in Hyve Holdings Limited) under the Company's Value Creation Plan (the "VCP" or the "Plan") which was approved by shareholders in a general meeting on 25 October 2021. The awards entitle the PDMRs to acquire ordinary shares of 10pence each in the Company ("Shares") up to the maximum number set out below, subject to the satisfaction of certain performance conditions and continued employment.

In accordance with Hyve's approved Remuneration Policy, the VCP is designed to align the interests of the Company's shareholders and senior management allowing them to share in the incremental shareholder value created over the next 3, 4 and 5 years.  Vesting is dependent on performance conditions being satisfied in 2024, 2025 and 2026.

Name of PDMR	Title	Maximum number of Shares under award
Mark Shashoua	Chief Executive Officer	6,495,638
John Gulliver	Chief Finance and Operations Officer	3,526,203

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

For further information please contact:

Hyve Group plc Jared Cranney, Company Secretary	+44 (0)20 3545 9400
FTI Consulting Charles Palmer/Chris Birt / Jamille Smith / Tom Blundell	+44 (0)20 3727 1000

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 10 pence each in the Company ("Shares")

Identification code

ISIN: GB00BKP36R26

b)

Nature of the transaction

Grant of conditional award over Shares under the Hyve Group plc Value Creation Plan 2021

c)

Price(s) and volume(s)

Price per share	Volume
10 pence	6,495,638

d)

Aggregated Information

Volume

Price

n/a single transaction

e)

Date of transaction

26 October 2021

f)

Place of transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Gulliver

2

Reason for the notification

a)

Position/status

Chief Finance and Operations 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 10 pence each in the Company ("Shares")

Identification code

ISIN: GB00BKP36R26

b)

Nature of the transaction

Grant of conditional award over Shares under the Hyve Group plc Value Creation Plan 2021

c)

Price(s) and volume(s)

Price per share	Volume
10 pence	3,526,203

d)

Aggregated Information

Volume

Price

n/a single transaction

e)

Date of transaction

26 October 2021

f)

Place of transaction

Outside a trading venue

About Hyve Group plc

Hyve Group plc is a next-generation global events business whose purpose is to bring together entire sector ecosystems from all corners of the globe. We meet our customer needs to learn, network and trade via both market leading in-person and online events. Hyve Group plc is all about globally consistent best practice and unrivalled quality. 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. Hyve's market leading portfolio of global brands include: Shoptalk, Spring Fair, MosBuild, Bett, Mining Indaba and recently acquired Retail Meetup, a ground-breaking digital platform enabling online networking and trade to take place at scale. 

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

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