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Network International Holdings
Director's Dealing • Sep 4, 2024
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 9196C
Network International Holdings PLC
04 September 2024
4 September 2024
Network International Holdings plc
("Network International" or the "Group")
Notification and public disclosure of vesting of ADBP Awards to Directors and Persons Discharging Managerial Responsibilities ("PDMR")
This announcement is made in accordance with Article 19 of the Market Abuse Regulation ('MAR') and relates to the vesting of Tranche 1 - 2022 ADBP Awards of ordinary shares by the Executive Directors, who voluntarily deferred their annual bonus for the year ending 31st December 2022 into shares vesting in two tranches: tranche 1 vesting on 2 September 2024 and tranche 2 vesting on 2 March 2026.
A copy of the FCA notification form in respect of vesting of the award to each PDMR, as required under the EU Market Abuse Regulation and in the prescribed format, is set out below.
Notification of a Transaction pursuant to Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Nandan Mer
2
Reason for the notification
a)
Position/status
Group 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
Network International Holdings plc
b)
LEI
213800XVRNKWENNLKK60
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
Shares
GB00BH3VJ782
b)
Nature of the transaction
Vesting of shares in respect of the Tranche 1 - Annual Deferred Bonus Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 11,896 ordinary shares |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
| 11,896 | |
| Nil |
e)
Date of the transaction
2 September 2024
f)
Place of the transaction
London Stock Exchange, Main Market
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Rohit Malhotra
2
Reason for the notification
a)
Position/status
Group 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
Network International Holdings plc
b)
LEI
213800XVRNKWENNLKK60
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
Shares
GB00BH3VJ782
b)
Nature of the transaction
Vesting of shares in respect of the Tranche -1 Annual Deferred Bonus Plan 2022 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 9,895 ordinary shares |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
| 9,895 | |
| Nil |
e)
Date of the transaction
2 September 2024
f)
Place of the transaction
London Stock Exchange, Main Market
Enquiries
| Network International Jay Razzaq: Chief Risk Officer & Group Company Secretary |
[email protected] |
| Amie Gramlick: Senior Vice President Finance - FP&A and Investor Relations | [email protected] |
Media enquiries
Teneo [email protected]
Anthony Di Natale, Andy Parnis
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