Director/PDMR Shareholding
21 June 2019
Arrow Global Group PLC (the “Company”)
Director/PDMR Shareholding
Notification of Transactions of Directors, Persons Discharging Responsibility or Connected Persons – DTR3.1.4R(1)
Arrow Global Group PLC announces that on 20 June 2019, it granted nil-cost options over its ordinary shares under the Arrow Global Group Long – Term Incentive Plan (“LTIP”) to the following directors and persons discharging managerial responsibility:
|
DIRECTORS |
NUMBER OF NIL COST OPTIONS UNDER LTIP* |
|
Lee Rochford |
390,780 |
|
Paul Cooper |
237,259 |
|
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES |
NUMBER OF NIL COST OPTIONS UNDER LTIP* |
|
Tracy French |
95,337 |
|
Stewart Hamilton |
86,670 |
|
Dave Sutherland |
122,746 |
* No payment is required for the shares, which will vest on the third anniversary of the date of grant, subject to the achievement of performance targets measured over a three year period which commenced on 1 January 2019.
The performance measures for the nil-cost options are underlying ROE (as regards 50% of the award), relative TSR (as regards 25% of the award) and underlying FCF (as regards 25% of the award), as disclosed on page 76 of the Annual Report and Accounts 2018. Underlying FCF (being cash from operations after interest and taxes, but before exceptional business disposals and excluding adjusted items and subject to such other adjustments as the Remuneration Committee determines) is a three year cumulative target with threshold vesting being achieved at £715m and maximum vesting at £757m, with straight line vesting in between. The targets for the ROE and relative TSR measures are as set out on page 76 of the Annual Report and Accounts 2018.
ENQUIRIES
Stewart Hamilton (Company Secretary) +44 (0) 161 242 5861
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Lee Rochford |
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|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Group Chief Executive Officer |
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|
b) |
Initial notification/ Amendment |
Initial notification |
||||
|
3 |
Details of the issuer |
|||||
|
a) |
Name |
Arrow Global Group Plc |
||||
|
b) |
LEI code
|
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 award under the Company’s Long Term Incentive Plan. |
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|
c) |
Price(s) and volume(s)
|
LTIP Award
|
||||
|
d) |
Aggregated information |
N/A |
||||
|
e) |
Date of the transaction |
20 June 2019
|
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Paul Cooper |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Group Chief Financial Officer |
||||
|
b) |
Initial notification/ Amendment |
Initial notification |
||||
|
3 |
Details of the issuer |
|||||
|
a) |
Name |
Arrow Global Group Plc |
||||
|
b) |
LEI code
|
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 award under the Company’s Long Term Incentive Plan. |
||||
|
c) |
Price(s) and volume(s) |
LTIP Award
|
||||
|
d) |
Aggregated information |
N/A |
||||
|
e) |
Date of the transaction |
20 June 2019 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Tracy French |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Group HR Director |
||||
|
b) |
Initial notification/ Amendment |
Initial notification |
||||
|
3 |
Details of the issuer |
|||||
|
a) |
Name |
Arrow Global Group Plc |
||||
|
b) |
LEI code
|
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 award under the Company’s Long Term Incentive Plan. |
||||
|
c) |
Price(s) and volume(s) |
LTIP Award
|
||||
|
d) |
Aggregated information |
N/A |
||||
|
e) |
Date of the transaction |
20 June 2019
|
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Stewart Hamilton |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
General Counsel and Company Secretary |
||||
|
b) |
Initial notification/ Amendment |
Initial notification |
||||
|
3 |
Details of the issuer |
|||||
|
a) |
Name |
Arrow Global Group Plc |
||||
|
b) |
LEI code
|
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 award under the Company’s Long Term Incentive Plan. |
||||
|
c) |
Price(s) and volume(s) |
LTIP Award
|
||||
|
d) |
Aggregated information |
N/A |
||||
|
e) |
Date of the transaction |
20 June 2019
|
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Dave Sutherland |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Group Chief Operating Officer |
||||
|
b) |
Initial notification/ Amendment |
Initial notification |
||||
|
3 |
Details of the issuer |
|||||
|
a) |
Name |
Arrow Global Group Plc |
||||
|
b) |
LEI code
|
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 awards underthe Company’s Long Term Incentive Plan. |
||||
|
c) |
Price(s) and volume(s) |
LTIP Award
|
||||
|
d) |
Aggregated information |
N/A |
||||
|
e) |
Date of the transaction |
20 June 2019
|
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
END
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