31st Mar 2017 14:17
31 March 2017
Aldermore Group PLC
(the "Company")
Notification and Public Disclosure of Transactions by
Persons Discharging Managerial Responsibilities and
Persons Closely Associated With Them
The Company announces that on 28 March 2017 the following directors/PDMRs were granted awards to acquire ordinary shares of 10 pence each in the Company pursuant to the executive share plans identified below (the "Plans").
Director | Deferred Share Plan ("DSP") - conditional award | Performance Share Plan ("PSP") - nil-cost option |
Phillip Monks | 137,325 | 312,217 |
James Mack | 97,414 | 218,552 |
PDMR | Deferred Share Plan ("DSP") - conditional award | Performance Share Plan ("PSP") - nil-cost option | Restricted Share Plan ("RSP") - nil-cost option |
Dana Cuffe | 26,038 | 63,176 | 31,588 |
Carl D'Ammassa | 34,858 | 61,055 | 30,527 |
Rob Divall | 8,959 | 45,126 | 22,563 |
Simon Healy | 17,646 | - | 29,377 |
Christine Palmer | 104,350 | - | 74,007 |
The DSP awards represent the deferral of a percentage of the bonuses paid to directors/PDMRs in respect of 2016. The DSP awards will vest in equal tranches on the first, second and third anniversaries of the grant date, in accordance with the rules of the DSP. The DSP awards will not be subject to further performance conditions.
The PSP awards are subject to the achievement of performance targets (50% based on relative Total Shareholder Return against a comparator group and 50% based on EPS). The performance targets will be measured over a three-year period ending on 31 December 2019, and vested awards will be subject to a further two-year holding period.
The RSP awards are subject to an Employment Requirement Date of 28 March 2020 and a further two-year holding period which will expire on 28 March 2022.
In respect of all awards, the amounts shown above represent the maximum possible opportunity subject to any additional shares awarded at vesting in lieu of dividends on shares that vest. In addition, all awards may be subject to malus and clawback in exceptional circumstances in line with the relevant Plan rules.
The price used to calculate the number of DSP, PSP and RSP shares awarded is £2.216, being the average of the mid-market closing price of an Aldermore ordinary share on the three consecutive business days immediately preceding 28 March 2017.
This announcement, in relation to transactions in London, is made in accordance with the requirements of the FCA's DTR Disclosure Guidance and Transparency Rules sourcebook and EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Phillip Monks | ||||
2 | Reason for the notification | |||||
a) | Position / status | Chief Executive Officer | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Conditional award granted over 137,325 shares under Deferred Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Phillip Monks | ||||
2 | Reason for the notification | |||||
a) | Position / status | Chief Executive Officer | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Nil-cost option granted over 312,217 shares under Performance Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | James Mack | ||||
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 | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Conditional award granted over 97,414 shares under Deferred Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | James Mack | ||||
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 | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Nil-cost option granted over 218,552 shares under Performance Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Dana Cuffe | ||||
2 | Reason for the notification | |||||
a) | Position / status | Chief Operating Officer | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Conditional award granted over 26,038 shares under Deferred Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Dana Cuffe | ||||
2 | Reason for the notification | |||||
a) | Position / status | Chief Operating Officer | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Nil-cost option granted over 63,176 shares under Performance Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Dana Cuffe | ||||
2 | Reason for the notification | |||||
a) | Position / status | Chief Operating Officer | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Nil-cost option granted over 31,588 shares under Restricted Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Carl D'Ammassa | ||||
2 | Reason for the notification | |||||
a) | Position / status | Group Managing Director - Business Finance | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Conditional award granted over 34,858 shares under Deferred Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Carl D'Ammassa | ||||
2 | Reason for the notification | |||||
a) | Position / status | Group Managing Director - Business Finance | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Nil-cost option granted over 61,055 shares under Performance Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Carl D'Ammassa | ||||
2 | Reason for the notification | |||||
a) | Position / status | Group Managing Director - Business Finance | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Nil-cost option granted over 30,527 shares under Restricted Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Rob Divall | ||||
2 | Reason for the notification | |||||
a) | Position / status | Group HR Director | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Conditional award granted over 8,959 shares under Deferred Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Rob Divall | ||||
2 | Reason for the notification | |||||
a) | Position / status | Group HR Director | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Nil-cost option granted over 45,126 shares under Performance Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Rob Divall | ||||
2 | Reason for the notification | |||||
a) | Position / status | Group HR Director | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Nil-cost option granted over 22,563 shares under Restricted Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Simon Healy | ||||
2 | Reason for the notification | |||||
a) | Position / status | Managing Director - Savings | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Conditional award granted over 17,646 shares under Deferred Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Simon Healy | ||||
2 | Reason for the notification | |||||
a) | Position / status | Managing Director - Savings | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Nil-cost option granted over 29,377 shares under Restricted Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Christine Palmer | ||||
2 | Reason for the notification | |||||
a) | Position / status | Chief Risk Officer | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Conditional award granted over 104,350 shares under Deferred Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Christine Palmer | ||||
2 | Reason for the notification | |||||
a) | Position / status | Chief Risk Officer | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Aldermore Group PLC | ||||
b) | LEI | 213800JQLWHE8NQYXX31 | ||||
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 | Nil-cost option granted over 74,007 shares under Restricted Share Plan
GB00BQQMCJ47 | ||||
b) | Nature of the transaction | Grant of share award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 2017-03-28 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Rachel Spencer
Company Secretary
31 March 2017
+44(0)20 3553 4269
Related Shares:
ALD.L