NEXUS INFRASTRUCTURE PLC — Remuneration Information 2022

Jan 18, 2022

National Storage Mechanism | Additional information

RNS Number : 8707Y

Nexus Infrastructure PLC

18 January 2022

18 January 2022

Nexus Infrastructure plc

("Nexus" or the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)

Nexus announces the vesting on 14th January 2022 of the following awards granted under the Nexus Infrastructure plc Long Term Incentive Plan (LTIP) by PDMRs.  The awards, in the form of conditional nil-cost options over ordinary shares of £0.02 each in the Company ("Ordinary Shares"), were granted on 14th January 2019 (2019 LTIP).  Vesting was subject to various performance conditions including average annual compound earnings per share growth and total shareholder return relative to a comparator group, as a result 12 per cent. of the eligible 2019 LTIP awards vested on 14th January 2022.

The following PDMRs received Ordinary Shares under the 2019 LTIP:

Recipient	Job Title	Number of Ordinary Shares*
Alan Martin	Chief Financial Officer	14,694
Dawn Hillman	Company Secretary	4,702
Charles Sweeney	Chief Operating Officer	9,749
David Topping	Managing Director, TriConnex	9,520
Robert Kendal	Managing Director, Tamdown	8,614
Simon Gallagher	Managing Director, eSmart Networks	5,106

* No consideration was payable to receive these Ordinary Shares under the 2019 LTIP.

Michael Morris, Chief Executive Officer, who currently is a 22.2% shareholder in Nexus, has voluntarily surrendered his 2019 LTIP awards and they have now lapsed.  The Board's Remuneration Committee has agreed that Michael Morris will be paid the cash equivalent of 20,664 Ordinary Shares due to him under the original 2019 LTIP based on prevailing share price.  This approach (which is the same as that taken last year in relation to Michael Morris' 2018 LTIP awards) has been taken as under the Takeover Code, Michael Morris and his concert party (the "Morris Concert Party") are precluded from acquiring additional shares in Nexus due to the implications of Rule 9 of the Takeover Code. The Company intends, in the future, to adopt a similar approach in relation to LTIP awards that have been made to Michael Morris or that would be made but for the implications of Rule 9 of the Takeover Code.

Total voting rights

An application has been made to the London Stock Exchange for admission of 81,139 new Ordinary Shares to trading on AIM on 21st January 2022 ("Admission") in relation to the 2019 LTIP. Following Admission, the total number of Ordinary Shares in issue in the Company will be 45,481,904. Nexus does not hold any shares in treasury, and, therefore, following Admission, the total number of voting shares in Nexus in issue will be 45,481,904. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This notification is made in accordance with the requirements of the Market Abuse Regulation.

Dawn Hillman

Company Secretary

Nexus Infrastructure plc                                               Tel : 01376 559550

1)

Details of the person discharging managerial responsibility

a)

Name

Alan Martin

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

Nexus Infrastructure plc

b)

LEI

213800PUGVLUONLG9Y20

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

Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

b)

Nature of the transaction

Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	14,694

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14th January 2022

f)

Place of the transaction

Outside of Trading Venue

1)

Details of the person discharging managerial responsibility

a)

Name

Dawn Hillman

2

Reason for the notification

a)

Position/status

Company Secretary

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Nexus Infrastructure plc

b)

LEI

213800PUGVLUONLG9Y20

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

Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

b)

Nature of the transaction

Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	4,702

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14th January 2022

f)

Place of the transaction

Outside of Trading Venue

1)

Details of the person discharging managerial responsibility

a)

Name

Charles Sweeney

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

Nexus Infrastructure plc

b)

LEI

213800PUGVLUONLG9Y20

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

Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

b)

Nature of the transaction

Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	9,749

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14th January 2022

f)

Place of the transaction

Outside of Trading Venue

1)

Details of the person discharging managerial responsibility

a)

Name

David Topping

2

Reason for the notification

a)

Position/status

Managing Director, TriConnex Ltd

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Nexus Infrastructure plc

b)

LEI

213800PUGVLUONLG9Y20

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

Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

b)

Nature of the transaction

Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	9,520

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14th January 2022

f)

Place of the transaction

London Stock Exchange, AIM

1)

Details of the person discharging managerial responsibility

a)

Name

Robert Kendal

2

Reason for the notification

a)

Position/status

Managing Director, Tamdown Group Ltd

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Nexus Infrastructure plc

b)

LEI

213800PUGVLUONLG9Y20

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

Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

b)

Nature of the transaction

Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	8,614

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14th January 2022

f)

Place of the transaction

London Stock Exchange, AIM

1)

Details of the person discharging managerial responsibility

a)

Name

Simon Gallagher

2

Reason for the notification

a)

Position/status

Managing Director, eSmart Networks Ltd

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Nexus Infrastructure plc

b)

LEI

213800PUGVLUONLG9Y20

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

Ordinary shares of £0.02 each. ISIN GB00BZ77SW60

b)

Nature of the transaction

Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	5,106

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

14th January 2022

f)

Place of the transaction

London Stock Exchange, AIM

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