28th Jul 2020 07:00
28 July 2020
Micro Focus International plc
("Micro Focus" or the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
The Company announces that the 2017 Deferred Share Bonus Award granted to Chief Executive Officer, Stephen Murdoch, on 25 July 2017 under the Micro Focus International plc Deferred Share Bonus Plan ("Award") vested on 25 July 2020 and consequently 5,051 ordinary shares of 10 pence each in the Company ("Ordinary Shares") were released to him on 27 July 2020. In addition, 3,501 Ordinary Shares were released in respect of the dividend equivalent entitlement attached to the Award.
The Award represented the one-third share deferral element of the annual bonus which was payable to Stephen Murdoch in relation to the financial year ended 30 April 2017.
The notification below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulations, gives further details.
1 | Details of the person discharging managerial responsibilities | ||||||||
a) | Name | Stephen Murdoch | |||||||
2 | Reason for the notification | ||||||||
a) | Position/status | Chief Executive Officer (PDMR) | |||||||
b) | Initial notification /Amendment | Initial Notification | |||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||
a) | Name | Micro Focus International plc | |||||||
b) | LEI | 213800F8E4X648142844 | |||||||
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 10 pence each ("Ordinary Shares") GB00BJ1F4N75 | |||||||
b) | Nature of the transaction | 1) | Vesting and release of the 2017 Deferred Share Bonus Award granted on 25 July 2017 under the Micro Focus International plc Deferred Share Bonus Plan ("Award") together with 3,501 Ordinary Shares released in respect of the dividend equivalent attached to the Award. No payment was due on the vesting of the Award. | ||||||
2) | Sale of shares to cover tax withholding and dealing costs on the vesting of the Award. | ||||||||
c)
| Price(s) and volume(s)
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d)
| Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 1) and 2) 27 July 2020 | |||||||
f) | Place of the transaction | 1) Outside a trading venue and 2) XLON | |||||||
Enquiries:
Micro Focus
Tel: +44 (0)1635 32646
Stephen Murdoch, CEO
Brian McArthur-Muscroft, CFO
Ben Donnelly, Investor relations
Brunswick
Tel: +44 (0) 20 7404 5959
Sarah West
Jonathan Glass
Notes to Editors:
About Micro Focus
Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise software company supporting the technology needs and challenges of the Global 2000. Our solutions help organizations leverage existing IT investments, enterprise applications and emerging technologies to address complex, rapidly evolving business requirements while protecting corporate information at all times. Our product portfolios are Security, IT Operations Management, Application Delivery Management, Information Management & Governance and Application Modernization & Connectivity. For more information, visit: www.microfocus.com
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MCRO.L