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Director/PDMR Shareholding

12th Jun 2025 14:40

RNS Number : 6470M
Pinewood Technologies Group PLC
12 June 2025
 

12 June 2025

Pinewood Technologies Group PLC (the "Company") Notification and public disclosure of transactions by PDMRs

 

Conditional awards under the Pinewood Technologies Group Long Term Incentive Plan ("LTIP")

 

The Company announces that it has granted awards in the form of conditional share awards ("LTIP Awards") over ordinary shares of the Company of £1.00 each ("Shares") pursuant to the Company's LTIP on 12 June 2025 to the Executive Directors listed below:-

 

Director

Number of Shares under LTIP Award

William Berman

232,194

Oliver Mann

98,013

 

The normal vesting date of the LTIP Awards will be the third anniversary of the grant date. Vesting of the LTIP Awards is subject to continued service and satisfaction performance conditions relating absolute Total Shareholder Return (70% weighting) and the number of North American stores the Pinewood system has been implemented in (30% weighting).

 

In addition to the above performance conditions, the LTIP Awards are also subject to an underpin that the Remuneration Committee must be satisfied that the share price performance of the Company reflects the Company's underlying financial performance over the three year performance period. To the extent that the underpin is not considered to be met, the Remuneration Committee retains the discretion to reduce award levels appropriately (including to zero).

 

A holding period of two years from the date of vesting applies to the LTIP Awards granted to the Executive Directors (and any Shares resulting from the LTIP Awards).

 

Conditional awards under the Pinewood Technologies Group Deferred Share Plan ("DSP")

 

The Company announces that it has granted awards in the form of conditional share awards ("DSP Awards") over Shares pursuant to the Company's DSP on 12 June 2025 to the Executive Directors listed below:-

 

Director

Number Shares under DSP Award

William Berman

56,357

Oliver Mann

19,602

 

The DSP Awards will ordinarily become exercisable on the third anniversary of grant subject to the participant's continued service.

 

The following notifications are made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

 

 

 

1

Details of the person discharging managerial responsibilities/persons

closely associated

a)

Name

William Berman

2

Reason for 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

Pinewood Technologies Group PLC

b)

LEI

213800VRSPZFOGMMIS18

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 and identification code

Ordinary Shares of £1.00 each ISIN: GB00BSB7BS06

b)

Nature of transaction

Grant of a conditional share award over Shares under the Company's Long Term

Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

232,194

 

 

d)

Aggregated Information

Not applicable - single transaction

e)

Date of transaction

12 June 2025

f)

Place of transaction

Outside of a trading venue

 

1

Details of the person discharging managerial responsibilities/persons

closely associated

a)

Name

Oliver Mann

2

Reason for 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

Pinewood Technologies Group PLC

b)

LEI

213800VRSPZFOGMMIS18

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 and identification code

Ordinary Shares of £1.00 each ISIN: GB00BSB7BS06

b)

Nature of transaction

Grant of a conditional share award over Shares under the Company's Long Term

Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

98,013

 

 

d)

Aggregated Information

Not applicable - single transaction

e)

Date of transaction

12 June 2025

f)

Place of transaction

Outside of a trading venue

1

Details of the person discharging managerial responsibilities/persons

closely associated

a)

Name

William Berman

2

Reason for 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

Pinewood Technologies Group PLC

b)

LEI

213800VRSPZFOGMMIS18

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

and identification code

Ordinary Shares of £1.00 each ISIN: GB00BSB7BS06

b)

Nature of transaction

Grant of a conditional share award over

Shares under the Company's Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

56,357

 

 

 

d)

Aggregated Information

Not applicable - single transaction

e)

Date of transaction

12 June 2025

f)

Place of transaction

Outside of a trading venue

 

1

Details of the person discharging managerial responsibilities/persons

closely associated

a)

Name

Oliver Mann

2

Reason for 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

Pinewood Technologies Group PLC

b)

LEI

213800VRSPZFOGMMIS18

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 and identification code

Ordinary Shares of £1.00 each ISIN: GB00BSB7BS06

b)

Nature of transaction

Grant of a conditional share award over

Shares under the Company's Deferred Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

19,602

 

 

d)

Aggregated Information

Not applicable - single transaction

e)

Date of transaction

12 June 2025

f)

Place of transaction

Outside of a trading venue

 

 

 

OLIVER MANN

CHIEF FINANCIAL OFFICER

 

12 June 2025

Enquiries: Headland Henry Wallers Tel: 0203 805 4822

-ENDS-

 

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END
 
 
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