Director/PDMR Shareholding
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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) |
|
END
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