Director/PDMR Shareholding

UBM PLC - Director/PDMR Shareholding

PR Newswire

London, September 2

UBM plc

Director Shareholding – Grant of Awards

2 September 2015

UBM plc (“UBM” or the “Company”) was notified today of the following transactions in its ordinary shares of 10 pence each (“Ordinary Shares”) by a director of UBM. 

On 2 September 2015, awards were granted to Marina Wyatt, Chief Financial Officer, as follows:

Notes

The award of 138,683 Ordinary Shares represents Ms Wyatt’s 2015 award under the UBM 2014 Performance Share Plan. In line with the awards granted to other members of the UBM senior management team on 6 March 2015, Ms Wyatt will become entitled to receive the Ordinary Shares after a period of three years, subject to her continued employment with UBM and the achievement of a number of performance conditions relating to growth in Earnings per Share; Return on Average Capital Employed; and relative Total Shareholder Return over the three year period commencing on 1 January 2015 to 31 December 2017. The number of Ordinary Shares represents the maximum award if all performance conditions are achieved in full.

The number of Ordinary Shares awarded was calculated by reference to a price of 486.72 pence, being the average of the Company’s middle market closing price for an Ordinary Share for the five consecutive dealing days commencing on 25 August 2015.

In the event that dividends are paid in the period between grant and vesting, the number of Ordinary Shares subject to the award will be increased to reflect the dividends that would have accrued had they been reinvested in Ordinary Shares.

The award of 64,718 Ordinary Shares has been granted to Ms Wyatt to replace the value of performance-based share awards that were forfeited on leaving her previous employer.

This award will be subject to the same terms (including performance conditions and performance measurement period) as Ms Wyatt’s 2015 award under the UBM 2014 Performance Share Plan as set out in note 1 above. 

The number of Ordinary Shares awarded was calculated by reference to a price of 486.72 pence, being the average of the Company’s middle market closing price for an Ordinary Share for the five consecutive dealing days commencing on 25 August 2015.

The 49,720 Ordinary Shares have been awarded to Ms Wyatt to replace the value of deferred share awards that were forfeited on leaving her previous employer. This award is subject to continued employment only and has been made under an arrangement to which Listing Rule 9.4.2 applies. 

The number of Ordinary Shares subject to the award has been calculated using a market price of 486.72 pence per share, being the average of the Company’s middle market closing price for an Ordinary Share for the five consecutive dealing days commencing on 25 August 2015. 

The Remuneration Committee believes that the “buy-out awards” fairly reflect the awards Ms Wyatt forfeited on leaving her previous employment in terms of value and timescale for vesting.

In accordance with Listing Rule 9.4.3, full details of the award granted to Ms Wyatt will be disclosed in the Directors' Remuneration Report in UBM’s Annual Report and Accounts 2015. 

This announcement is made following notifications made in accordance with Disclosure and Transparency Rule 3.1.2R.

The transaction was carried out in London.

--ENDS—

Enquiries to:

Ellie Klonarides, Deputy Company Secretary

UBM plc

Tel: +44 (0) 20 921 5000