24th May 2017 12:18
NEX Group plc (the Company)
Grant of share awards under the NEX Group plc 2016 Deferred Share Bonus Plan (DSBP) and the NEX Group plc 2016 Performance Share Plan (PSP).
On 23 May 2017 the following persons discharging managerial responsibilities (PDMRs) were awarded the following award shares under the DSBP and the PSP:
PDMR | DSBP AWARD |
Michael Spencer | 277,897 |
Stuart Bridges | 123,510 |
Seth Johnson Jenny Knott Steve Gibson Tim Cartledge Ken Pigaga | 105,314 79,427 63,542 63,542 63,542 |
Michael Spencer and Stuart Bridges have elected, with the approval of the Remuneration Committee, to defer 100% of their bonus into NEX Group plc shares which will vest after three years.
These awards will normally vest on 23 May 2020 subject to the participant continuing to hold an office or employment within the NEX Group.
PDMR | PSP AWARD |
Michael Spencer | 357,424 |
Stuart Bridges Seth Johnson Jenny Knott Ken Pigaga | 158,855 158,855 158,855 158,855 |
These awards will normally vest on 23 May 2020 subject to the participant continuing to hold an office or employment within the NEX Group and the achievement of the following performance conditions measured over a three year period to 31 March 2020:
1. half the 2017 PSP award will be subject to a Total Shareholder Return performance condition; and
2. the remaining 50% of the 2017 award will be subject to a point-to-point EPS performance condition.
Contact:
Victoria Mellor Group Head of Marketing and Communications Tel: + 44 20 7029 9074
Alex Dee Head of Investor Relations Tel: + 44 20 7050 7420
NEX Group plc
24 May 2017
Related Shares:
NEX Group