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Daily Mail and General Trust plc (DMGT)
Daily Mail and General Trust plc: Director/PDMR Shareholding
21-Jun-2019 / 16:31 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
The Company today confirms long term awards under the DMGT Long Term Executive Incentive Plan 2017 as outlined in our Remuneration Policy and in the Company's 2018 Annual Report.
The outcome will be delivered in A Ordinary non-voting shares upon vesting at the end of FY 2021, calculated by reference to a share price of £6.29 (the average share price for the first 3 days following the release of FY 2018 results).
The outcome for each participant is subject to a maximum. Awards would only vest at the maximum level were a highly exceptional level of performance to be met.
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Lord Rothermere
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2
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Reason for the notification
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a)
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Position/status
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Chairman
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Daily Mail and General Trust plc
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b)
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LEI
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4OFD47D73QFJ1T1MOF29
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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A Ordinary Non-Voting Shares of 12.5 pence each
GB00BJQZC279
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b)
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Nature of the transaction
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Grant of award under the Daily Mail and General Trust Long Term Executive Incentive Plan 2017. The Award is subject to continued service and performance conditions, the value of which will be delivered in A Ordinary non-voting shares upon vesting calculated by reference to the share price as at the start of the performance period of £6.29.
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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£0
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Such number of A Ordinary non-voting shares, based on a share price of £6.29, being a percentage of the eligible profit before tax, including a charge for capital used, over the 3 years to 30 September 2021:
- 0.64% in excess of a minimum threshold but below target; and
- 2.57% of the eligible profit above target before tax
Subject to a maximum of 613,831 shares.
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d)
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Aggregated information
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-
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Aggregated volume
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-
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Price
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Not applicable, single transaction.
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e)
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Date of the transaction
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21 June 2019
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f)
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Place of the transaction
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London Stock Exchange (XLON)
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Paul Zwillenberg
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2
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Reason for the notification
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a)
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Position/status
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Chief Executive Officer
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Daily Mail and General Trust plc
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b)
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LEI
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4OFD47D73QFJ1T1MOF29
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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A Ordinary Non-Voting Shares of 12.5 pence each
GB00BJQZC279
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b)
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Nature of the transaction
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Grant of award under the Daily Mail and General Trust Long Term Executive Incentive Plan 2017. The Award is subject to continued service and performance conditions, the value of which will be delivered in A Ordinary non-voting shares upon vesting calculated by reference to the share price as at the start of the performance period of £6.29.
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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£0
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Such number of A Ordinary non-voting shares, based on a share price of £6.29, being a percentage of the eligible profit before tax, including a charge for capital used, over the 3 years to 30 September 2021:
- 0.64% in excess of a minimum threshold but below target; and
- 2.56% of the eligible profit above target before tax
Subject to a maximum of 611,287 shares.
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d)
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Aggregated information
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-
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Aggregated volume
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-
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Price
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Not applicable, single transaction.
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e)
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Date of the transaction
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21 June 2019
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f)
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Place of the transaction
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London Stock Exchange (XLON)
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Timothy Collier
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2
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Reason for the notification
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a)
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Position/status
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Chief Financial Officer
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Daily Mail and General Trust plc
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b)
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LEI
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4OFD47D73QFJ1T1MOF29
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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A Ordinary Non-Voting Shares of 12.5 pence each
GB00BJQZC279
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b)
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Nature of the transaction
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Grant of award under the Daily Mail and General Trust Long Term Executive Incentive Plan 2017. The Award is subject to continued service and performance conditions, the value of which will be delivered in A Ordinary non-voting shares upon vesting calculated by reference to the share price as at the start of the performance period of £6.29.
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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£0
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Such number of A Ordinary non-voting shares, based on a share price of £6.29, being a percentage of the eligible profit before tax, including a charge for capital used, over the 3 years to 30 September 2021:
- 0.38% in excess of a minimum threshold but below target; and
- 1.54% of the eligible profit above target before tax
Subject to a maximum of 366,653 shares.
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d)
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Aggregated information
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-
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Aggregated volume
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-
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Price
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Not applicable, single transaction.
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e)
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Date of the transaction
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21 June 2019
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f)
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Place of the transaction
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London Stock Exchange (XLON)
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Kevin Beatty
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2
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Reason for the notification
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a)
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Position/status
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Executive Director
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Daily Mail and General Trust plc
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b)
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LEI
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4OFD47D73QFJ1T1MOF29
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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A Ordinary Non-Voting Shares of 12.5 pence each
GB00BJQZC279
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b)
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Nature of the transaction
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Grant of award under the Daily Mail and General Trust Long Term Executive Incentive Plan 2017. The Award is subject to continued service and performance conditions, the value of which will be delivered in A Ordinary non-voting shares upon vesting calculated by reference to the share price as at the start of the performance period of £6.29.
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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£0
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Such number of A Ordinary non-voting shares, based on a share price of £6.29, being a percentage of the eligible profit before tax, including a charge for capital used, over the 3 years to 30 September 2021:
- 0.38% in excess of a minimum threshold but below target; and
- 1.53% of the eligible profit above target before tax
Subject to a maximum of 363,672 shares.
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d)
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Aggregated information
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-
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Aggregated volume
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-
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Price
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Not applicable, single transaction.
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e)
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Date of the transaction
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21 June 2019
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f)
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Place of the transaction
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London Stock Exchange (XLON)
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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Ravinder Chandhok
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2
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Reason for the notification
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a)
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Position/status
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Chief Technology Officer
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Daily Mail and General Trust plc
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b)
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LEI
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4OFD47D73QFJ1T1MOF29
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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A Ordinary Non-Voting Shares of 12.5 pence each
GB00BJQZC279
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b)
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Nature of the transaction
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Grant of award under the Daily Mail and General Trust Long Term Executive Incentive Plan 2017. The Award is subject to continued service and performance conditions, the value of which will be delivered in A Ordinary non-voting shares upon vesting calculated by reference to the share price as at the start of the performance period of £6.29.
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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£0
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Such number of A Ordinary non-voting shares, based on a share price of £6.29, being a percentage of the eligible profit before tax, including a charge for capital used, over the 3 years to 30 September 2021:
- 0.46% in excess of a minimum threshold but below target; and
- 0.93% of the eligible profit above target before tax
Subject to a maximum of 265,896 shares.
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d)
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Aggregated information
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-
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Aggregated volume
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-
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Price
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Not applicable, single transaction.
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e)
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Date of the transaction
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21 June 2019
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f)
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Place of the transaction
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London Stock Exchange (XLON)
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1
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Details of the person discharging managerial responsibilities/person closely associated
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a)
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Name
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James Lindsay
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2
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Reason for the notification
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a)
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Position/status
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Director of Group Finance
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b)
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Initial notification/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Daily Mail and General Trust plc
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b)
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LEI
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4OFD47D73QFJ1T1MOF29
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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A Ordinary Non-Voting Shares of 12.5 pence each
GB00BJQZC279
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b)
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Nature of the transaction
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Grant of award under the Daily Mail and General Trust Long Term Executive Incentive Plan 2017. The Award is subject to continued service and performance conditions, the value of which will be delivered in A Ordinary non-voting shares upon vesting calculated by reference to the share price as at the start of the performance period of £6.29.
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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£0
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Such number of A Ordinary non-voting shares, based on a share price of £6.29, being a percentage of the eligible profit before tax, including a charge for capital used, over the 3 years to 30 September 2021:
- 0.10% in excess of a minimum threshold but below target; and
- 0.20% of the eligible profit above target before tax
Subject to a maximum of 57,233 shares.
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d)
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Aggregated information
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-
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Aggregated volume
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-
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Price
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Not applicable, single transaction.
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e)
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Date of the transaction
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21 June 2019
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f)
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Place of the transaction
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London Stock Exchange (XLON)
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Name of officer responsible for making notification: Fran Sallas, Company Secretary DMGT, 0203 615 2904
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