12th Apr 2019 16:08
Gocompare.com Group plc
12 April 2019
Notification of Transactions of Directors and
Persons Discharging Managerial Responsibility (PDMR)
Awards Vesting under the Deferred Bonus Plan
The information contained in this notification is disclosed in accordance with the requirements of the EU Market Abuse Regulation.
GoCompare.com Group plc (the "Company") announces that on 11 April 2019 the following transactions were undertaken by the Directors over the number of ordinary shares in the Company, as a result of awards vesting under the Deferred Bonus Plan ("DBP"). Awards granted under the DBP vest in three tranches on the anniversary of the award over three consecutive years. All of the shares vesting relate to the first tranche of the award granted on 11 April 2018.
In accordance with the rules of the 2016 Deferred Bonus Plan, as part of the vesting additional shares have been added to each award, equivalent to the dividends payable during the vesting period. Further, certain of the Ordinary Shares, resulting from the vesting, were sold for £0.783 each.
Director | Number of shares exercised | Number of shares sold 1 | Number of shares retained |
Matthew Crummack | 23,962 | 11,302 | 12,660 |
Nick Wrighton | 11,682 | 5529 | 6,153 |
1Both directors sold a sufficient number of shares to meet income tax and National Insurance liabilities retaining the balance.
2018 Deferred Bonus Plan
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Matthew Crummack | |||
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
| Gocompare.com Group plc | |||
b)
| LEI
| 213800DUUN4C47JEL561 | |||
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 | Gocompare.com Group plc Ordinary shares of £0.0002 each | |||
|
| ||||
Identification code | ISIN: GB00BZ02Q916 | ||||
|
| ||||
b)
| Nature of the transaction
| 1. Award of 354 dividend equivalent shares 2. Acquisition of 23,962 shares on vesting of an award under the Deferred Bonus Plan 3. Sale of 11,302 Ordinary shares of £0.0002 | |||
c)
| Price(s) and volume(s) |
|
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|
|
|
Price(s) per share | Volume(s) |
| |
| 1. | n/a | 354 |
| |
| 2. | n/a | 23,962 |
| |
|
| 3. | £0.783 | 11,302 |
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d) | Aggregated information |
| |||
- Aggregated volume |
| ||||
- Price | n/a | ||||
e)
| Date of the transaction
| 11 April 2019 | |||
f)
| Place of the transaction
| 1. Outside a trading venue 2. XLON 3. XLON | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Nicholas Wrighton | |||
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
| Gocompare.com Group plc | |||
b)
| LEI
| 213800DUUN4C47JEL561 | |||
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 | Gocompare.com Group plc Ordinary shares of £0.0002 each | |||
|
| ||||
Identification code | ISIN: GB00BZ02Q916 | ||||
|
| ||||
b)
| Nature of the transaction
| 1. Award of 173 dividend equivalent shares 2. Acquisition of 11,682 shares on vesting of an award under the Deferred Bonus Plan 3. Sale of 5,529 Ordinary shares of £0.0002 | |||
c)
| Price(s) and volume(s) |
|
|
|
|
|
|
Price(s) per share | Volume(s) |
| |
| 1. | n/a | 173 |
| |
| 2. | n/a | 11,682 |
| |
|
| 3. | £0.783 | 5,529 |
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d) | Aggregated information |
| |||
- Aggregated volume |
| ||||
- Price | n/a | ||||
e)
| Date of the transaction
| 11 April 2019 | |||
f)
| Place of the transaction
| 1. Outside a trading venue 2. XLON 3. XLON | |||
Enquiries: |
Gocompare.com Group plc |
Nick Edwards, General Counsel and Company Secretary |
Tel: 01633 654 060 |
Related Shares:
GOCO.L