17th Dec 2021 15:27
17 December 2021
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 on 17 December 2021, annual long-term incentive plan awards were granted to the Executive Directors under the Micro Focus International plc Incentive Plan 2005 (LTIP) as follows:
· An LTIP award in respect of FY22 to Stephen Murdoch, Chief Executive Officer;
· An LTIP award in respect of FY22 to Matthew Ashley, Chief Financial Officer;
· An LTIP award in respect of FY21 to Matthew Ashley, Chief Financial Officer. This joining award was part of Mr Ashley's recruitment terms and was detailed in the announcement about his appointment on 1 June 2021. This award could not be granted sooner due to dealing restrictions.
These awards are subject to performance conditions measured over a three-year period (FY22, FY23 and FY24), which will be disclosed in the FY21 Annual Report, and were granted in accordance with the approved Directors' Remuneration Policy.
The notification below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulations, as it forms part of domestic law by virtue of The European Union (Withdrawal) Act 2018, 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 | FY22 LTIP award of a nil-cost option over Ordinary Shares under the Micro Focus International plc Incentive Plan 2005. There is no price payable on the grant, vesting or exercise of the nil-cost option. Vesting is subject to the achievement of performance conditions measured over a three-year period. Subject to the rules of the plan, the nil-cost option will be exercisable from vesting until the tenth anniversary of grant. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price |
506,103 Nil | ||||
e) | Date of the transaction | 17 December 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities | |||||
a) | Name | Matthew Ashley | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial 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 | FY21 and FY22 LTIP awards of nil-cost options over Ordinary Shares under the Micro Focus International plc Incentive Plan 2005. There is no price payable on the grant, vesting or exercise of the nil-cost option. Vesting is subject to the achievement of performance conditions measured over a three-year period. Subject to the rules of the plan, the nil-cost options will be exercisable from vesting until the tenth anniversary of grant. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price |
625,186 Nil | ||||
e) | Date of the transaction | 17 December 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Micro Focus Tel: +44 (0)1635 32646
Stephen Murdoch, CEO [email protected]
Matthew Ashley, CFO
Ben Donnelly, Investor relations
Brunswick Tel: +44 (0) 20 7404 5959
Sarah West [email protected]
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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