26th Mar 2021 14:30
26 March 2021
Micro Focus International plc
("Micro Focus" or the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
The Company announces that on 26 March 2021, an annual long-term incentive plan award was granted to Stephen Murdoch, Chief Executive Officer, under the Micro Focus International plc Incentive Plan 2005.
In addition, also on 26 March 2021, awards were granted to the Executive Directors of the Company under the Micro Focus International plc Deferred Share Bonus Plan. These awards relate to the compulsory deferral of one third of their FY20 bonus earned into share awards which vest after three years.
All awards were made in accordance with the with the approved Directors' Remuneration Policy.
The notification below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulations, as it forms part of domestic law by virtue of The European Union (Withdrawal) Act 2018, gives further details.
1 | Details of the person discharging managerial responsibilities | ||||||||
a) | Name | Stephen Murdoch | |||||||
2 | Reason for the notification | ||||||||
a) | Position/status | Chief Executive Officer (PDMR) | |||||||
b) | Initial notification /Amendment | Initial Notification | |||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||
a) | Name | Micro Focus International plc | |||||||
b) | LEI | 213800F8E4X648142844 | |||||||
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 10 pence each ("Ordinary Shares") GB00BJ1F4N75 | |||||||
b) | Nature of the transaction | 1) | Grant of a nil-cost option over Ordinary Shares under the Micro Focus International plc Incentive Plan 2005. There is no price payable on the grant, vesting or exercise of the nil-cost option. Vesting is subject to the achievement of performance conditions over a three-year period. Subject to the rules of the plan, the nil-cost option will be exercisable from vesting until the tenth anniversary of grant. | ||||||
2) | Grant of a conditional award over Ordinary Shares under the Micro Focus International plc Deferred Share Bonus Plan, which vests after three years. | ||||||||
c)
| Price(s) and volume(s)
|
| |||||||
d)
| Aggregated information - Aggregated volume - Price |
| |||||||
e) | Date of the transaction | 1) and 2) 26 March 2021 | |||||||
f) | Place of the transaction | 1) and 2) Outside a trading venue | |||||||
1 | Details of the person discharging managerial responsibilities | |||||
a) | Name | Brian McArthur-Muscroft | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer (PDMR) | ||||
b) | Initial notification /Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Micro Focus International plc | ||||
b) | LEI | 213800F8E4X648142844 | ||||
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 10 pence each ("Ordinary Shares") GB00BJ1F4N75 | ||||
b) | Nature of the transaction | Grant of a conditional award over Ordinary Shares under the Micro Focus International plc Deferred Share Bonus Plan, which vests after three years. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price |
13,705 Nil | ||||
e) | Date of the transaction | 26 March 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Micro Focus Tel: +44 (0)1635 32646
Stephen Murdoch, CEO [email protected]
Brian McArthur-Muscroft, CFO
Ben Donnelly, Investor relations
Brunswick Tel: +44 (0) 20 7404 5959
Sarah West [email protected]
Jonathan Glass
Notes to Editors:
About Micro Focus
Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise software company supporting the technology needs and challenges of the Global 2000. Our solutions help organizations leverage existing IT investments, enterprise applications and emerging technologies to address complex, rapidly evolving business requirements while protecting corporate information at all times. Our product portfolios are Security, IT Operations Management, Application Delivery Management, Information Management & Governance and Application Modernization & Connectivity. For more information, visit: www.microfocus.com
Related Shares:
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