28th Feb 2025 16:45
Brooks Macdonald Group plc
(the "Company" and together with its subsidiaries "Brooks Macdonald" or the "Group")
Director/PDMR Shareholding
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") in accordance with the UK Market Abuse Regulations.
On 27 February 2025, the Company granted pursuant to the 2018 Brooks Macdonald Long Term Incentive Plan (the "Plan") nil price options (the "Executive LTIP Awards") over the ordinary shares of 1 pence each in the Company (the "Shares") to the following PDMR:
PDMR | Number of Shares Over Which Awards are Granted |
Katherine Jones, CFO | 52,540 |
The Plan has been established to retain and incentivise the Executives in order to deliver our ambitious growth aims and to closely align the interests of executives with those of shareholders (as outlined in the Directors' Remuneration Policy included in the Annual Report and Accounts 2024).
Vesting of Awards
The Executive LTIP Awards will only vest and become exercisable to the extent that stretching targets are achieved over the three-year vesting period. The target metrics will be based 50% on underlying, diluted earnings per share, 35% on funds under management growth and 15% based on a basket of environmental, social and governance based metrics.
Further, the Executive LTIP Awards are also subject to continued employment and malus and clawback provisions.
Vesting timetable
To the extent that the necessary performance conditions are achieved, the Executive LTIP Awards will vest and become exercisable on 21 October 2027, following the announcement of the Group's results for the year ended 30 June 2027.
Holding period
The Executive LTIP Awards shall be subject to a compulsory, holding period of a further two years from the date of vesting, and this is expected to lapse on 21 October 2029.
As at today's date, this Award represents 0.32% of the total voting rights of the Company.
ANNEX
The notification below, made in accordance with the UK Market Abuse Regulation, provides further details:
1. | Details of the person discharging managerial responsibilities / person closely associated | |
(a) | Name | Katherine Jones |
2. | Reason for the notification | |
(a) | Position/status | 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 | Brooks Macdonald Group plc |
(b) | LEI | 213800WRDF8LB8MIEX37 |
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 1 pence each
ISIN GB00B067N833 |
(b) | Nature of the transaction | Grant of nil price options over ordinary shares of 1 pence each in the Company |
(c) | Price(s) and volume(s) | Volume granted: 52,540 Exercise Price(s): Nil |
(d) | Aggregated information | Aggregated volume: n/a Aggregated price: n/a |
Date of the transaction | 27 February 2025 | |
Place of the transaction | Outside of a trading venue | |
Enquiries:
Brooks Macdonald Group plc | |
Andrea Montague, CEO Katherine Jones, CFO Alexander Holcroft, Interim Director of Investor Relations | +44 (0)7418 923 061 |
Singer Capital Markets (Nominated Adviser and Joint Broker) Charles Leigh-Pemberton / James Moat
| +44 (0)20 7496 3000 |
Investec Bank plc (Joint Broker) Christopher Baird / David Anderson
| +44 (0)20 7597 4000
|
LEI: 213800WRDF8LB8MIEX37
Related Shares:
Brooks Macdonald