RNS Number : 9814L
Hastings Group Holdings plc
05 May 2020
 

5 May 2020

 

Hastings Group Holdings plc

 

Notification of Transactions by Directors/Persons Discharging Managerial Responsibility ("PDMRs")

 

Conditional awards over ordinary shares of £0.02 pence in Hastings Group Holdings plc (the "Company"), granted to the following PDMRs under the Hastings 2015 Bonus Deferral Plan (the "Awards") on 6 April 2017, vested on 16 March 2020. No consideration was paid for the grant of the awards, which were in relation to the deferred element of 2016 annual bonus entitlements.

 

These vested Awards, including accrued dividend equivalent entitlements, were released to recipients on 1 May 2020; details of the number of vested Shares, net of relevant tax and social security charges, released to each PDMR are shown below:

Name

Position

Net Number of Shares

Gary Hoffman

Chair

15,659

Tobias Van der Meer

CEO

8,242

 

The release to Gary Hoffman was in relation to an Award granted to him whilst he was CEO, which was preserved at the time of his appointment as Chair in May 2018. The Award was included in the statement of unvested conditional share awards disclosed in the Company's Remuneration Report within the Annual Report and Accounts for the year ended 31 December 2019 (page 110).

This notification is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Tony Leppard
Group Company Secretary
cosec@hastingsplc.com

John Armstrong
Head of Investor Relations
ir@hastingsplc.com

Instinctif Partners
Tim Linacre / Lewis Hill
+44 (0) 207 457 2020
hastings@instinctif.com   

 

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gary Hoffman

2

Reason for the notification

a)

Position/status

Chair

b)

Initial/Amendment notification

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Hastings Group Holdings plc

b)

LEI

213800NEVE8DLWEL2Y16

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 2 pence each

 

 

ISIN: GB00BYRJH519

b)

Nature of the transaction

Vesting of conditional award granted in April 2017 under the Hastings 2015 Bonus Deferral Plan in relation to the deferred element of 2016 annual bonus entitlement. Number of shares delivered, net of tax and social security charges.

c)

Price(s) and volume(s)

 

15,659 shares

 

£N/A

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

15,659 shares

 

£N/A

e)

Date of the transaction

1 May 2020

f)

Place of the transaction

Outside a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tobias van der Meer

2

Reason for the notification

a)

Position/status

CEO

b)

Initial/Amendment notification

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Hastings Group Holdings plc

b)

LEI

213800NEVE8DLWEL2Y16

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 2 pence each

 

 

ISIN: GB00BYRJH519

b)

Nature of the transaction

Vesting of conditional award granted in April 2017 under the Hastings 2015 Bonus Deferral Plan in relation to the deferred element of 2016 annual bonus entitlement. Number of shares delivered, net of tax and social security charges.

c)

Price(s) and volume(s)

 

8,242 shares

 

£N/A

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

8,242 shares

 

£N/A

e)

Date of the transaction

1 May 2020

f)

Place of the transaction

Outside a trading venue

 


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