Director/PDMR Shareholding

RNS Number : 6254J
Arrow Global Group PLC
14 April 2020
 

14 April 2020

Arrow Global Group PLC (the “Company” or “Arrow Global”)

Director/PDMR Shareholding 

 

Notification of Transactions of Directors and Persons Discharging Managerial Responsibility

 

Deferred Share Bonus Plan (“DSBP”)

Arrow Global announces that on 8 April 2020,awards in the form of nil-cost options were granted over ordinary shares in the Company under the Arrow Global DSBP to the following directors:

 

Director

Position

Number of Nil-Cost Options Awarded

Lee Rochford

Group Chief Executive Officer

115,211

Matthew Hotson

Group Chief Financial Officer

32,938

 

The vesting date for the awards will be 8 April 2023, subject to the continued employment of the participant. No consideration is payable on vesting.

The Company’s Remuneration Committee is mindful of external developments linked to Covid-19. Wewill proceed with great care in determiningthe operation of our Remuneration Policy in 2020to ensure that all of our executive pay decisions are appropriate in the context of all relevant factors includingthe shareholder and workforce experience.

Long Term Incentive Plan (“LTIP”)

On 9 April 2020, Oliver Stratton, Group Chief Commercial Officer and Person Discharging Managerial Responsibility, exercised an award granted to him on 31 March 2017 under the Company’s LTIP over 7,586 shares. Oliver elected to self-fund the income tax and national insurance liabilities applicable to the exercise of the award and retains the 7,586 shares. As a result of the transaction, Oliver has an interest in the following shares in the Company:

Name of Person Discharging Managerial Responsibility

Aggregate shares held beneficially following the notification) (a)

Oliver Stratton

 10,225

 

(a)       Excluding unvested and unexercised LTIP awards.

ENQUIRIES

Arrow Global


Stewart Hamilton (Company Secretary)

+44 (0)161 242 5861

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Lee Rochford

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

Arrow Global Group Plc

b)

LEI

 

213800CUJ6YMLEO33C88

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 1p each

ISIN: GB00BDGTXM47

b)

Nature of the transaction

Grant of an award, structured as a nil cost option, under the Company’s Deferred Share Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

N/A – nil-cost options

Volume(s)

115,211

 

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

8 April 2020

 

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Matthew Hotson

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

Arrow Global Group Plc

b)

LEI

 

213800CUJ6YMLEO33C88

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 1p each

ISIN: GB00BDGTXM47

b)

Nature of the transaction

Grant of an award, structured as a nil cost option, under the Company’s Deferred Share Bonus Plan.

c)

Price(s) and volume(s)

Price(s)

N/A – nil-cost options

Volume(s)

32,938

 

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

8 April 2020 

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Oliver Stratton

2

Reason for the notification

a)

Position/status

Group Chief Commercial Officer

b)

Initial notification/ Amendment

Initial notification

3

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

a)

Name

Arrow Global Group Plc

b)

LEI

 

213800CUJ6YMLEO33C88

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 1p each

ISIN: GB00BDGTXM47

b)

Nature of the transaction

Exercise of nil-cost optionsawarded over ordinary shares under the LTIP on 31 March 2017

c)

Price(s) and volume(s)

Price(s)

N/A – nil-cost options

Volume(s)

7,586

 

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

9 April 2020 

f)

Place of the transaction

London Stock Exchange

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contactrns@lseg.comor visitwww.rns.com.
 

END

 
 

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