RNS Number : 9823L
Hastings Group Holdings plc
05 May 2020
 

5 May 2020

 

Hastings Group Holdings plc

 

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

 

A conditional award over ordinary shares of £0.02 pence in Hastings Group Holdings plc (the "Company"), granted to the following PDMR under the Hastings 2015 Long Term Incentive Plan (the "Award") on 18 September 2019; the first tranche of the Award vested on 30 March 2020.

 

No consideration was paid for the grant of the Award, which was made to compensate for the forfeiture of expected bonus awards from a former employer. No performance conditions attached to the Award and no holding period applies upon vesting.

 

This vested Award, including accrued dividend equivalent entitlements, was released on 1 May 2020; the number of vested Shares, net of relevant tax and social security charges, released is shown below:

Name

Position

Net Number of Shares

John Worth

CFO

54,826

 

Full details of the Award were disclosed in the Company's Remuneration Report within the Annual Report and Accounts for the year ended 31 December 2019 (page 108).

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

John Worth

2

Reason for the notification

a)

Position/status

CFO

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 the first tranche of a conditional award under the Hastings 2015 Long Term Incentive Plan to compensate for the forfeiture of expected bonus awards from a former employer. No performance conditions attached to the Award and no holding period applies upon vesting. Number of shares delivered, net of tax and social security charges.

c)

Price(s) and volume(s)

 

54,826 shares

 

£N/A

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

54,826 shares

 

£N/A

e)

Date of the transaction

1 May 2020

f)

Place of the transaction

Outside a trading venue

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHBGGDULSGDGGU