29th Jan 2021 16:31
29 January 2021
Blue Prism Group plc
('Blue Prism' or 'the Company' or 'the Group')
DIRECTOR / PDMR SHAREHOLDING
Blue Prism (AIM: PRSM), a global leader in intelligent automation, announces that on 29 January 2021 it made Long Term Incentive Plan awards ("LTIP Awards") over ordinary shares of 1 penny each in the Company ("Ordinary Shares") to certain of its directors and PDMRs as further described below.
In the case of LTIP Awards made to directors, the whole of each award is subject to a vesting period of three years and vesting is conditional on the achievement of certain challenging performance conditions (the "Performance Conditions"). Further details of the conditions applicable to the LTIP Awards will be provided in the Group's forthcoming annual report for the year ended 31 October 2020 (the "Annual Report"). In the case of LTIP Awards made to PDMRs other than directors, part of the LTIP Award is made subject to the Performance Conditions and vesting period, with the balance of the LTIP Award not subject to the same conditions and vesting as to one third each year over three years subject to continued employment, in line with awards made to staff ("Restricted Shares").
The Group further announces that on the same date it made an award over Ordinary Shares to Ijoma Maluza pursuant to the Group's 2019-2020 annual bonus plan. Further details of the plan and its performance targets will be provided in the Annual Report. Performance against the plan targets during the year ending 31 October 2020 resulted in an annual bonus payment due to Mr Maluza of £37,125. Pursuant to the terms of the bonus plan, the bonus is being paid in the form of an award of Ordinary Shares, the vesting of which is deferred for one year ("Deferred Share Award"). The Deferred Share Award was calculated using the closing mid-market price of Ordinary Shares on 28 January of 1563p.
Name of Director/PDMR | Position | Number of Ordinary Shares in respect of which Performance Condition LTIP Award made | Number of Ordinary Shares in respect of which Restricted Shares LTIP Award made | Number of Ordinary Shares in respect of which Deferred Share Award made |
Jason Kingdon | Chairman & CEO | 36,347 | Nil | Nil |
Ijoma Maluza | Chief Financial Officer | 22,490 | Nil | 2,375 |
Peter O'Neill | Chief Revenue Officer | 4,259 | 12,779 | Nil |
CONTACT DETAILS
For further information please contact:
Blue Prism Group plc
Tom Hull, Head of Investor Relations +44 (0)77 3670 7407
Investec Bank plc +44 (0)20 7597 5970
Carlton Nelson
Ben Griffiths
BoA Securities +44 (0)20 7628 1000
James Robertson
Oliver Elias
Brunswick +44 (0)20 7404 5959
Caroline Daniel
Rosie Oddy
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Jason Kingdon | |
2. | Reason for the notification | ||
(a) | Position/status | Chairman & CEO | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | BLUE PRISM GROUP PLC | |
(b) | LEI | 2138006DQE9FNUW8KO83 | |
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 | Ordinary shares of £0.01 each | |
(b) | Identification code of the Financial Instrument | GB00BYQ0HV16 | |
(c) | Nature of the transaction | Contingent share award under LTIP
| |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| Nil | 36,347 |
|
|
| |
(e) | Aggregated information - Aggregated volume - Price | 36,347
Nil | |
(f) | Date of the transaction | 29 January 2021 | |
(g) | Place of the transaction | Outside a trading venue | |
2. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Ijoma Maluza | |
2. | Reason for the notification | ||
(a) | Position/status | Chief Financial Officer | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | BLUE PRISM GROUP PLC | |
(b) | LEI | 2138006DQE9FNUW8KO83 | |
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 | Ordinary shares of £0.01 each | |
(b) | Identification code of the Financial Instrument | GB00BYQ0HV16 | |
(c) | Nature of the transaction | (i) Contingent share award under LTIP (ii) Deferred Share Award
| |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| Nil | 22,490 |
|
| Nil | 2,375 |
|
|
| |
(e) | Aggregated information - Aggregated volume - Price | 24,865
Nil | |
(f) | Date of the transaction | 29 January 2021 | |
(g) | Place of the transaction | Outside a trading venue | |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Peter O'Neill | |
2. | Reason for the notification | ||
(a) | Position/status | Chief Revenue Officer | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | BLUE PRISM GROUP PLC | |
(b) | LEI | 2138006DQE9FNUW8KO83 | |
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 | Ordinary shares of £0.01 each | |
(b) | Identification code of the Financial Instrument | GB00BYQ0HV16 | |
(c) | Nature of the transaction | Contingent share award under LTIP
| |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| Nil | 17,038 |
|
|
| |
(e) | Aggregated information - Aggregated volume - Price | 17,038
Nil | |
(f) | Date of the transaction | 29 January 2021 | |
(g) | Place of the transaction | Outside a trading venue | |
Related Shares:
PRSM.L