RNS Number : 8671H
Hastings Group Holdings plc
13 June 2017
 

FOR IMMEDIATE RELEASE

13 June 2017

Hastings Group Holdings plc (the "Company")

Director/PDMR Shareholding

The Company was notified on 12 June 2017 that the following acquisitions of Company ordinary shares were made by Persons Discharging Managerial Responsibility ("PDMR"), and persons closely associated ("PCA") with them, pursuant to the dissolution of Hastings Investco Limited.

Name of PDMR/PCA

Position/Relationship

Number of ordinary shares acquired

Effective Price per ordinary share

Beneficial interest in shares following this notification

Percentage of issued share capital

Gary Hoffman

CEO

5,225,462

£3.186

6,497,247

0.99%

Nicola Hoffman

Wife

558,495

2,058,495

0.31%

Richard Hoskins

CFO

 

811,165

 

£3.186

811,165

 

0.12%

Gail Hoskins

Wife

405,713

405,713

0.06%

Tobias van der Meer

MD, Retail - Hastings Insurance Services Ltd

 

1,786,056

 

£3.186

2,154,273

 

0.33%

Katherine van der Meer

Wife

 

1,014,283

1,626,124

 

0.25%

Edward Biemer

MD - Advantage Insurance Company Ltd

 

1,348,753

 

£3.186

1,348,753

 

0.21%

The acquisitions represent the distribution of value entitlement under a legacy management incentive plan ("MIP"), initiated in January 2014 in advance of the Company's IPO in October 2015. The MIP was fully disclosed in the IPO Prospectus and, as appropriate, in the Remuneration section of the Company's Annual Report. All entitlements under the MIP have now fully vested.

This notification is made in order to satisfy both section 793 of the Companies Act 2006 and article 19 of the Market Abuse Regulation.

Hastings Group

Tony Leppard, Company Secretary
+44 (0) 142 473 8220     cosec@hastingsplc.com

 

Instinctif Partners
+44 (0) 207 457 2020
Giles Stewart


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