Director/PDMR Shareholding

RNS Number : 3398Z
Arrow Global Group PLC
14 March 2017
 

 

14 March 2017

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.

Arrow Global Group Long Term Incentive Plan (“LTIP”)- Vesting of 2014 awards

In respect of the nil-cost options awarded over ordinary shares under the LTIP on 11 March 2014 (“2014 LTIP”), following partial achievement of the performance criteria, 86.04% of the 2014 LTIP awards vested on 11 March 2017. The participants are not required to make any payment for the shares which vested on the achievement of specified performance targets which were measured over the three year period commencing on 1 January 2014.

The following table sets out the number of ordinary shares in the Company which either vested or were exercised by the Directors and PDMRs on 11 March 2017 (“Shares”) under the 2014 LTIP. The Shares set out in the third column below were sold, including those sold to discharge the tax liability on the Shares, on 13 March 2017 at an average price of £3.2425per Share, leaving the balance of Shares set out in the final column below:

Name of Director/PDMR

Number of Shares vested and exercised

Total number of Shares sold, including Shares sold to discharge tax liabilities (and percentage of Company’s issued share capital sold)

Balance of Shares retained by Director/PDMR

Robert Memmott

135,086

135,086

nil

Zachary Lewy

145,478

145,478

nil

Steve Greenwood

41,218 (11,218 exercised)

11,218

30,000 (vested but not exercised)

Stewart Hamilton

33,416 (nil exercised)

nil

33,416 (vested but not exercised)

 

Notification of Transactions

Zachary Lewy* additionally sold 618,045ordinary shares in the Company at a price of£3.2425per share on 13 March 2017. This sale was made to part fund a house purchase following his divorce in 2016, and Zachary Lewy retains3,716,959ordinary shares in the Company as set out in the table below.

Stewart Hamilton** sold 6,785 ordinary shares in the Company at a price of£3.2425per share on 13 March 2017.

 

*                      The shares were sold by Lewylang LP, a Delaware limited partnership, which is a person closely associated with Zachary Lewy.

**                   3,392 shares were sold by Leah Hamilton who is a person closely associated with Stewart Hamilton.

Interests of Directors and PDMRs

As a result of the above transactions, the Directors and PDMRs are interested in the following ordinary shares in the Company:

 

Name of Director/PDMR

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

% of the Company’s Share Capital

Robert Memmott

2,383,781(b)

1.36

Zachary Lewy

3,716,959(b)(c)

2.12

Steve Greenwood

33,115

0.02

Stewart Hamilton

166,193

0.09

 

Notes

(a)                  Excluding LTIP awards of nil cost options.

(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

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, 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 11 March 2014.

c)

Price(s) and volume(s)

Price(s)

N/A – nil-cost options

Volume(s)

135,086

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

13 March 2017

 

f)

Place of the transaction

London Stock Exchange

 

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, 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 following the exerciseof nil-cost options awarded over ordinary shares under the LTIP on 11 March 2014.

c)

Price(s) and volume(s)

Price(s)

£3.2425

Volume(s)

135,086

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

13 March 2017

 

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

Exercise of nil-cost optionsawarded over ordinary shares under the LTIP on 11 March 2014.

c)

Price(s) and volume(s)

Price(s)

N/A – nil-cost options

Volume(s)

145,478

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

13 March 2017

 

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

Sale of shares following the exerciseof nil-cost options awarded over ordinary shares under the LTIP on 11 March 2014.

c)

Price(s) and volume(s)

Price(s)

£3.2425

Volume(s)

145,478

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

13 March 2017

 

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Lewylang LP

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, 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 ordinary shares in the Company.

c)

Price(s) and volume(s)

Price(s)

£3.2425

 

Volume(s)

618,045

 

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

13 March 2017

 

f)

Place of the transaction

London Stock Exchange

 

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, 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

Part exercise of nil-cost optionsawarded over ordinary shares under the LTIP on 11 March 2014.

c)

Price(s) and volume(s)

Price(s)

N/A – nil-cost options

Volume(s)

11,218

 

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

13 March 2017

 

f)

Place of the transaction

London Stock Exchange

 

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, 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 following the part exerciseof nil-cost options awarded over ordinary shares under the LTIP on 11 March 2014.

c)

Price(s) and volume(s)

Price(s)

£3.2425

 

Volume(s)

11,218

 

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

13 March 2017

 

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, 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 ordinary shares in the Company.

c)

Price(s) and volume(s)

Price(s)

£3.2425

 

Volume(s)

3,393

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

13 March 2017

 

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Leah Hamilton

2

Reason for the notification

a)

Position/status

Person closely associated with Stewart Hamilton.

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 ordinary shares in the Company.

c)

Price(s) and volume(s)

Price(s)

£3.2425

 

Volume(s)

3,392

 

d)

Aggregated information
– Aggregated volume
– Price

N/A

e)

Date of the transaction

13 March 2017

 

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

 
 

DSHDBGDXUBBBGRX

Sign up to our quarterly newsletter