Director/PDMR Shareholding
3 April 2017
Arrow Global Group PLC (the “Company”)
Director/PDMR Shareholding
Notification of Transactions of Directors, Persons Discharging Responsibility or Persons Closely Associated
Arrow Global Group PLC announces that on 31 March 2017, it granted long term incentive awards under the Arrow Global Group Long – Term Incentive Plan (“LTIP”), a restricted share award and a deferred bonus award to the following directors and persons discharging managerial responsibility.
LTIP awards1and restricted share award
|
DIRECTORS |
NUMBER OF SHARES SUBJECT TO LTIP AWARD1 |
|
Lee Rochford2 |
184,248 |
|
Rob Memmott |
138,424 |
|
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES |
NUMBER OF SHARES SUBJECT TO LTIP AWARD1 |
NUMBER OF SHARES SUBJECT TO RESTRICTED SHARE AWARD3 |
|
Tracy French |
44,355 |
– |
|
Steve Greenwood |
43,924 |
– |
|
Stewart Hamilton |
44,355 |
– |
|
John Calvão |
75,707 |
— |
|
João Bugalho |
54,815 |
– |
|
Joost van Rens |
68,008 |
– |
|
Phil Marsland |
77,398 |
– |
|
Zachary Lewy |
– |
202,312 |
1The LTIP awards, other than Joost van Rens’ award, are granted in the form of nil-cost options. Joost van Rens’ award is granted under the Company’s LTIP in the form of a conditional award. No payment is required for the awards 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 2017.
2On the same date, Lee Rochford was granted a tax qualifying option (“CSOP Option”) as part of his award under the Company’s LTIP over 8,670 shares at a per share exercise price of £3.46. The CSOP Option is subject to the same performance conditions as apply to the nil-cost option part of his award. If the CSOP Option is exercised at a gain, the number of shares that may be delivered under the above associated nil-cost option will be reduced at exercise by the same value to ensure that the total pre-tax value of the original LTIP award delivered to the participant is not increased by the grant of the CSOP Option.
3Zachary Lewy’s award is granted as a restricted share award. No payment is required for the award which will vest on 31 March 2019, subject to continued employment.
Deferred bonus award
|
DIRECTOR |
NUMBER OF NIL COST OPTIONS UNDER DSBP |
|
Rob Memmott |
28,257 |
The award is granted under the company’s Deferred Share Bonus Plan in respect of Rob Memmott’s bonus for 2016. The award is granted in the form of a nil-cost option and will vest on 31 March 2020, subject to the continued employment of the participant. No payment is required for the award.
ENQUIRIES
Stewart Hamilton (Company Secretary) +44 (0) 161 242 1724
|
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 |
Award made pursuant to the Company’s Long Term Incentive Plan. |
|
c) |
Price(s) and volume(s) |
Price – £0 Volume –184,248 |
|
d) |
Aggregated information |
N/A |
|
e) |
Date of the transaction |
31 March 2017
|
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
|
a) |
Name |
Rob Memmott |
|
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 |
Award made pursuant to the Company’s Long Term Incentive Plan. |
|
c) |
Price(s) and volume(s) |
Price – £0 Volume –138,424 |
|
d) |
Aggregated information |
N/A |
|
e) |
Date of the transaction |
31 March 2017
|
|
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 |
Award made pursuant to the Company’s Long Term Incentive Plan. |
|
c) |
Price(s) and volume(s) |
Price – £0 Volume –44,355 |
|
d) |
Aggregated information |
N/A |
|
e) |
Date of the transaction |
31 March 2017
|
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
|
a) |
Name |
Steve Greenwood |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
Group Chief Risk 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 |
Award made pursuant to the Company’s Long Term Incentive Plan. |
|
c) |
Price(s) and volume(s) |
Price – £0 Volume –43,924 |
|
d) |
Aggregated information |
N/A |
|
e) |
Date of the transaction |
31 March2017
|
|
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 |
Award made pursuant to the Company’s Long Term Incentive Plan. |
|
c) |
Price(s) and volume(s) |
Price – £0 Volume –44,355 |
|
d) |
Aggregated information |
N/A |
|
e) |
Date of the transaction |
31 March 2017
|
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
|
a) |
Name |
John Calvão |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
Portugal 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 |
Award made pursuant to the Company’s Long Term Incentive Plan. |
|
c) |
Price(s) and volume(s) |
Price – £0 Volume –75,707 |
|
d) |
Aggregated information |
N/A |
|
e) |
Date of the transaction |
31 March 2017
|
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
|
a) |
Name |
João Bugalho |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
Whitestar 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 |
Award made pursuant to the Company’s Long Term Incentive Plan. |
|
c) |
Price(s) and volume(s) |
Price – £0 Volume –54,815 |
|
d) |
Aggregated information |
N/A |
|
e) |
Date of the transaction |
31 March 2017
|
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
|
a) |
Name |
Joost van Rens |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
Benelux 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 |
Conditional award made pursuant to the Company’s Long Term Incentive Plan. |
|
c) |
Price(s) and volume(s) |
Price – £0 Volume –68,008 |
|
d) |
Aggregated information |
N/A |
|
e) |
Date of the transaction |
31 March 2017
|
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
|
a) |
Name |
Phil Marsland |
|
2 |
Reason for the notification |
|
|
a) |
Position/status |
UK 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 |
Award made pursuant to the Company’s Long Term Incentive Plan. |
|
c) |
Price(s) and volume(s) |
Price – £0 Volume –77,398 |
|
d) |
Aggregated information |
N/A |
|
e) |
Date of the transaction |
31 March 2017
|
|
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 |
Grant of restricted share award. |
|
c) |
Price(s) and volume(s) |
Price – £0 Volume –202,312 |
|
d) |
Aggregated information |
N/A |
|
e) |
Date of the transaction |
31 March 2017
|
|
f) |
Place of the transaction |
Outside a trading venue |
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|
|
a) |
Name |
Rob Memmott |
|
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 |
Award under the company’s Deferred Share Bonus Plan in respect of Rob Memmott’s bonus for 2016. |
|
c) |
Price(s) and volume(s) |
Price – £0 Volume –28,257 |
|
d) |
Aggregated information |
N/A |
|
e) |
Date of the transaction |
31 March 2017
|
|
f) |
Place of the transaction |
Outside a trading venue |
END
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