20th Oct 2020 10:09
RNS Number : 6441C
Brooks Macdonald Group PLC
20 October 2020
Brooks Macdonald Group plc
(the "Company")
Director / PDMR Shareholding
The Company was informed that on 16 October 2020 Caroline Connellan, Chief Executive Officer of the Company, exercised awards over 5,309 ordinary shares of 1 pence each in the Company ("Shares") granted under the 2018 Long Term Incentive Plan (the "LTIP") as deferred bonus share awards in 2018 and 2019. Following the exercise, 2,497 of the LTIP Shares were sold at a price of 1573p per share to meet the income tax and National Insurance liabilities due.
Scheme | No. of shares acquired | No. of shares sold to cover tax liabilities | No. of shares retained |
2018 award | 3,287 | 1,546 | 1,741 |
2019 award | 2,022 | 951 | 1,071 |
Total | 5,309 | 2,497 | 2,812 |
To satisfy the exercise of the awards, 5,309 Shares were transferred from the Brooks Macdonald Employee Benefit Trust (the "EBT"). The Company was notified by RBC cees Trustee Limited, as trustees of the EBT, that following this transfer the EBT now holds 511,801 Shares, representing 3.17% of the Company's total voting rights.
In addition, on 19 October 2020 Caroline Connellan, transferred via sale and purchase, 1,150 Shares. She sold 1,150 Shares at the price of 1632p per Share from an account in her own name and bought 1,150 Shares at a price of 1635p per Share to be held in her ISA.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
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| 1 | Details of PDMR / person closely associated | a) | Name | Caroline Connellan | 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 | Brooks Macdonald Group plc | b) | LEI | 213800WRDF8LB8MIEX37 | 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 1p each BRK ISIN:GB00B067N833 | b) | Nature of the transaction | Exercise of awards granted under the 2018 Brooks Macdonald Long Term Incentive Plan | c) | Price (pence) and volume | Price(s) | Volume(s) | Nil | 5,309 |
| d) | Aggregated information - Aggregated volume | 5,309 |
| - Price (pence) | Nil | e) | Date of the transaction | | f) | Place of the transaction | Outside a trading venue |
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| 1 | Details of PDMR / person closely associated | a) | Name | Caroline Connellan | 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 | Brooks Macdonald Group plc | b) | LEI | 213800WRDF8LB8MIEX37 | 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 1p each BRK ISIN:GB00B067N833 | b) | Nature of the transaction | Sale of shares to cover income tax and National Insurance liabilities due on exercise of awards granted under the 2018 Brooks Macdonald Long Term Incentive Plan. | c) | Price (pence) and volume | Price(s) | Volume(s) | 1572.7960 | 2,497 |
| d) | Aggregated information - Aggregated volume | 2,497 |
| - Price (pence) | 1572.7960 | e) | Date of the transaction | | f) | Place of the transaction | The London Stock Exchange |
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| 1 | Details of PDMR / person closely associated | a) | Name | Caroline Connellan | 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 | Brooks Macdonald Group plc | b) | LEI | 213800WRDF8LB8MIEX37 | 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 1p each BRK ISIN:GB00B067N833 | b) | Nature of the transaction | Sale of ordinary shares of 1p each in the Company | c) | Price (pence) and volume | Price(s) | Volume(s) | 1632.00 | 1,150 |
| d) | Aggregated information - Aggregated volume | 1,150 |
| - Price (pence) | 1632.00 | e) | Date of the transaction | | f) | Place of the transaction | The London Stock Exchange |
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| 1 | Details of PDMR / person closely associated | a) | Name | Caroline Connellan | 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 | Brooks Macdonald Group plc | b) | LEI | 213800WRDF8LB8MIEX37 | 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 1p each BRK ISIN:GB00B067N833 | b) | Nature of the transaction | Purchase of ordinary shares of 1p each in the Company | c) | Price (pence) and volume | Price(s) | Volume(s) | 1635.00 | 1,150 |
| d) | Aggregated information - Aggregated volume | 1,150 |
| - Price (pence) | 1635.00 | e) | Date of the transaction | | f) | Place of the transaction | The London Stock Exchange |
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Enquiries:
Brooks Macdonald Group PLC |
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Caroline Connellan, Chief Executive | +44 (0)20 7659 3492 |
Ben Thorpe, Group Finance Director | +44 (0)20 7659 3492 |
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Peel Hunt LLP |
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Adrian Trimmings / Rishi Shah / John Welch | +44 (0)20 7418 8900 |
LEI: 213800WRDF8LB8MIEX37
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