25th May 2017 12:34
UBM PLC - Director/PDMR ShareholdingUBM PLC - Director/PDMR Shareholding
PR Newswire
London, May 25
UBM plc
Notification of Transactions of Persons Discharging Managerial Responsibility
On 24 May 2017, UBM plc (“UBM” or the “Company”) was notified of the following transaction in its ordinary shares of 11.25p each (“Shares”) by Directors of UBM.
On 24 May 2017, in accordance with the Company’s Performance Share Plan, the Directors listed in the table below were awarded an interest in further Shares following the grant of an award of Nil Cost Options over the Company’s Shares.
The number of Shares awarded was calculated by reference to a price of £7.069, being the average of the Company's middle market closing price for a Share for the five consecutive dealing days commencing on 17 May 2017.
The Directors will become entitled to receive the Shares after a period of three years, subject to continued employment with UBM and to the achievement of a number of performance conditions relating to growth in Earnings per Share; Return on Average Capital Employed; relative Total Shareholder Return; and Total Group Revenue. The number of Shares shown below represents the maximum that may be acquired if all performance conditions are achieved in full.
| Name of director | No. of Options |
| Tim Cobbold | 163,428 |
| Marina Wyatt | 97,874 |
Enquiries to:
Nigel Youds, Deputy Group Company Secretary
UBM plc
Tel: +44 (0) 20 921 5000
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Tim Cobbold | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR (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 | UBM plc | ||||
| b) | LEI | 213800KLMH5SP3247C87 | ||||
| 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 11.25p shares ISIN: JE00BD9WR069 | ||||
| b) | Nature of the transaction | Award of Nil Cost Options under the Company’s Performance Shares Plan. Subject to continued employment and achievement of performance conditions, the Options will become exercisable on 24 May 2020 and remain so until 23 May 2027. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| N/A | ||||
| e) | Date of the transaction | 24 May 2017 | ||||
| f) | Place of the transaction | London | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Marina Wyatt | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR (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 | UBM plc | ||||
| b) | LEI | 213800KLMH5SP3247C87 | ||||
| 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 11.25p shares ISIN: JE00BD9WR069 | ||||
| b) | Nature of the transaction | Award of Nil Cost Options under the Company’s Performance Shares Plan. Subject to continued employment and achievement of performance conditions, the Options will become exercisable on 24 May 2020 and remain so until 23 May 2027. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| N/A | ||||
| e) | Date of the transaction | 24 May 2017 | ||||
| f) | Place of the transaction | London | ||||
--ENDS--
Related Shares:
UBM