13th Jun 2017 07:30
FOR IMMEDIATE RELEASE
13 June 2017
Hastings Group Holdings plc (the "Company")
Director/PDMR Shareholding
The Company was notified on 12 June 2017 that the following acquisitions of Company ordinary shares were made by Persons Discharging Managerial Responsibility ("PDMR"), and persons closely associated ("PCA") with them, pursuant to the dissolution of Hastings Investco Limited.
Name of PDMR/PCA | Position/Relationship | Number of ordinary shares acquired | Effective Price per ordinary share | Beneficial interest in shares following this notification | Percentage of issued share capital |
Gary Hoffman | CEO | 5,225,462 | £3.186 | 6,497,247 | 0.99% |
Nicola Hoffman | Wife | 558,495 | 2,058,495 | 0.31% | |
Richard Hoskins | CFO |
811,165 |
£3.186 | 811,165 |
0.12% |
Gail Hoskins | Wife | 405,713 | 405,713 | 0.06% | |
Tobias van der Meer | MD, Retail - Hastings Insurance Services Ltd |
1,786,056 |
£3.186 | 2,154,273 |
0.33% |
Katherine van der Meer | Wife |
1,014,283 | 1,626,124 |
0.25% | |
Edward Biemer | MD - Advantage Insurance Company Ltd |
1,348,753 |
£3.186 | 1,348,753 |
0.21% |
The acquisitions represent the distribution of value entitlement under a legacy management incentive plan ("MIP"), initiated in January 2014 in advance of the Company's IPO in October 2015. The MIP was fully disclosed in the IPO Prospectus and, as appropriate, in the Remuneration section of the Company's Annual Report. All entitlements under the MIP have now fully vested.
This notification is made in order to satisfy both section 793 of the Companies Act 2006 and article 19 of the Market Abuse Regulation.
Hastings Group
Tony Leppard, Company Secretary+44 (0) 142 473 8220 [email protected]
Instinctif Partners+44 (0) 207 457 2020Giles Stewart
Related Shares:
HSTG.L