MERIT GROUP PLC — Remuneration Information 2022

Jan 28, 2022

National Storage Mechanism | Additional information

RNS Number : 9045Z

Merit Group PLC

28 January 2022

28 January 2022

Merit Group plc

("Merit", the "Company" or "the Group")

Director/PDMR Shareholding

The Board of Merit Group plc (AIM: MRIT), the data and intelligence business, today announces that it has granted options ("Options") over ordinary shares of 28 pence each in the Company ("Ordinary Shares") to the following executive directors pursuant to the Company's Performance Share Plan ("PSP"), details of which were announced on 17 November 2021.

The Options ordinarily become exercisable on the third anniversary of the date of announcement of the intention to grant. The performance condition for full vesting of the Proposed Options is based on the share price of the Company increasing by 100% from the closing price on the day prior to approval of the intention to grant the Proposed Options, which was 50.5 pence.

The Company has established an Employee Benefit Trust which the Company has committed to fund so that it can buy Ordinary Shares in the market to satisfy the exercise of the Proposed Options.

Details of the Options awarded are as follows:

Director	Position	Number of PSP Options granted
David Beck	Chief Executive Officer	762,376
Philip Machray	Chief Financial Officer	658,415

For further information, please contact: 

Merit Group plc Mark Smith - Chairman  David Beck - CEO www.meritgroupplc.com	020 7593 5500
Canaccord Genuity Limited (Nomad and Broker) Bobbie Hilliam    Georgina McCooke	020 7523 8150

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Beck

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

C)

Name

Merit Group plc

b)

LEI

213800HG65J6TYGNJU20

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

Options over ordinary shares of 28p each

ISIN: GB00BNYKJJ86

b)

Nature of the transaction

Award of Options

c)

Price(s) and volume(s)

Price (p)	Volume
nil	762,376

d)

Aggregated information

- Aggregated volume

- Price

n/a (single transaction)

e)

Date of the transaction

27 January 2022

f)

Place of the transaction 

AIMX

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Philip Machray

2

Reason for the notification

a)

Position/status

CFO

b)

Initial notification /Amendment

Initial Notification

3

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

C)

Name

Merit Group plc

b)

LEI

213800HG65J6TYGNJU20

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

Options over ordinary shares of 28p each

ISIN: GB00BNYKJJ86

b)

Nature of the transaction

Award of Options

c)

Price(s) and volume(s)

Price (p)	Volume
nil	658,415

d)

Aggregated information

- Aggregated volume

- Price

n/a (single transaction)

e)

Date of the transaction

27 January 2022

f)

Place of the transaction 

AIMX

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