Director/PDMR Shareholding

RNS Number : 7367N
Arrow Global Group PLC
11 May 2018
 

11 May 2018

Arrow Global Group PLC (the “Company”)

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Grant of Restricted Share Award

Arrow Global Group PLC announces that on 10 May 2018, it granted a restricted share award to the following person discharging managerial responsibility:

PERSON DISCHARGING MANAGERIAL RESPONSIBILITY

NUMBER OF SHARES UNDER RESTRICTED SHARE AWARD

Zachary Lewy

189,702

 

No payment is required for the Shares which vest on 10 May 2020, subject to continued employment. 

Vesting of Restricted Share Award

The restricted share award of 272,638 Shares, granted to Zachary Lewy on 19 May 2016, vested on 10 May 2018.

128,397 of these Shares were sold on 10 May 2018 to satisfy only the actual tax liability arising as a result of the vesting, at an average price of £3.55per Share. Mr Lewy therefore retains the balance of 144,241 Shares.

Interests of Directors, Persons Discharging Managerial Responsibility or Persons Closely Associated

As a result of the above transactions, Mr Lewy is interested in the following ordinary shares in the Company:

 

Name of Director/PDMR

Aggregate Shares held Beneficially (across all accounts following notifications) (a) (b) (c) (d)

% of the Company’s Share Capital

Zachary Lewy

2,715,642

1.55%

 

Notes

(a)                  Includes shares held under the Company’s Share Incentive Plan.

(b)                  Includes awards under the Deferred Share Bonus Plan

(c)                   Includes restricted share awards.

(d)                  Includes shares held by Persons Closely Associated.

 

 

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Zachary Lewy

2

Reason for the notification

a)

Position/status

Founder and Group Chief Investment 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

Release of shares pursuant to the vesting on 10 May 2018 of a restricted share award granted on 19 May 2016

c)

Price(s) and volume(s)

Price(s)

N/A – no price was payable for the release of the shares

Volume(s)

272,638

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

10 May 2018 

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Zachary Lewy

2

Reason for the notification

a)

Position/status

Founder and Group Chief Investment 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

Sale of shares to satisfy the tax liability arising as result of the vesting on 10 May 2018 of a restricted share award granted on 19 May 2016

c)

Price(s) and volume(s)

Price(s)

£3.55

Volume(s)

128,397

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

10 May 2018 

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Zachary Lewy

2

Reason for the notification

a)

Position/status

Founder and Group Chief Investment 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 shares pursuant to a restricted share award

c)

Price(s) and volume(s)

Price(s)

N/A – no price was payable for the shares granted under the award

Volume(s)

189,702

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

10 May 2018 

f)

Place of the transaction

Outside a trading venue

 

ENQUIRIES

Arrow Global

+44 (0)161 242 1724

Stewart Hamilton (Company Secretary)


 

This information is provided by RNS
The company news service from the London Stock Exchange
 

END

 
 

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