Director/PDMR Shareholding

RNS Number : 6000P
Arrow Global Group PLC
01 September 2017
 

1 September 2017

Arrow Global Group PLC (the “Company”)

Director/PDMR Shareholding

 

Notification of Transactions of Directors and Persons Discharging Managerial Responsibility under the Arrow Global Group Share Incentive Plan (“SIP”)

In accordance with Article 19.3 of the Market Abuse Regulation, Arrow Global Group Plc announces that on 30 August 2017 it was notified by Capita IRG Trustees Limited (the “SIP Trustee”) that the following persons discharging managerial responsibility were allocated, on 29 August 2017, under the SIP, Partnership Shares (purchased out of participating employees’ gross salaries at £4.412 per share) and Matching Shares, held through the SIP Trustee, as set out below:

 

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

Partnership Shares acquired under the SIP (a)

Matching  Shares acquired under SIP (b)

Aggregate Shares held Beneficially (across all accounts following notification) (c) (e)

Lee Rochford

34

34

175,212

Zachary Lewy

34

34

3,794,450 (d)

Stewart Hamilton

34

34

133,231

Tracy French

34

34

3,206

 

Notes

(a)           Pursuant to a regular monthly instruction, the SIP Trustee acquires Partnership Shares using the participating employees’ gross salaries. The Company gives the participating employees 1 Matching Share for each Partnership Share bought on their behalf. The Matching Shares are subject to a 3 year forfeiture period.

(b)           Ordinary Shares of 1 pence each are transferred by the Trustee of the Arrow Global 2016 Employee Benefit Trust to the SIP Trustee on a regular basis to satisfy Matching Share awards under the SIP to Participants.

(c)           Excludes unvested LTIP awards of nil cost options.

(d)           Includes awards under the Deferred Share Bonus Plan and restricted share awards.

(e)           Includes shares held by Persons Closely Associated.

Notification of a Transaction of a Person Closely Associated (“PCA”) to a Person Discharging Managerial Responsibility

In accordance with Article 19.3 of the Market Abuse Regulation, the Company further announces that on 31 August 2017 it was notified that Alexi Lewy, a PCA of Zachary Lewy, sold 4,486 ordinary shares in the Company on 31 August 2017 at an average price per share of £4.667. Alexi has no other holdings in the ordinary shares of the Company as at the date of this announcement.

 

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

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

Allocation of Partnership Shares under the SIP, held through the SIP Trustee.

c)

Price(s) and volume(s)

Price – £4.412

Volume –34

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

29 August2017

 

f)

Place of the transaction

London Stock Exchange

 

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

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

Allocation of Matching Shares under the SIP, held through the SIP Trustee.

c)

Price(s) and volume(s)

Price –  zero

Volume –34

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

29 August2017

 

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

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

Allocation of Partnership Shares under the SIP, held through the SIP Trustee.

c)

Price(s) and volume(s)

Price – £4.412

Volume –34

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

29 August2017

 

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

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

Allocation of Matching Shares under the SIP, held through the SIP Trustee.

c)

Price(s) and volume(s)

Price –  zero

Volume –34

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

29 August2017

 

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

Group 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

Allocation of Partnership Shares under the SIP, held through the SIP Trustee.

c)

Price(s) and volume(s)

Price – £4.412

Volume –34

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

29 August2017

 

f)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Stewart Hamilton

2

Reason for the notification

a)

Position/status

Group 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

Allocation of Matching Shares under the SIP, held through the SIP Trustee.

c)

Price(s) and volume(s)

Price –  zero

Volume –34

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

29 August2017

 

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

Allocation of Partnership Shares under the SIP, held through the SIP Trustee.

c)

Price(s) and volume(s)

Price – £4.412

Volume –34

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

29 August2017

 

f)

Place of the transaction

London Stock Exchange

 

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

Allocation of Matching Shares under the SIP, held through the SIP Trustee.

c)

Price(s) and volume(s)

Price –  zero

Volume –34

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

29 August2017

 

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alexi Lewy

2

Reason for the notification

a)

Position/status

Person closely associated with Zachary Lewy

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

Sale of ordinary shares in the Company.

c)

Price(s) and volume(s)

Price –  £4.667

Volume –4,486

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

31 August2017

 

f)

Place of the transaction

London Stock Exchange

 

 

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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