5th Mar 2018 17:09
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
5 March 2018
UBM plc (the "Company")
Proposed Share Dealing
On 12 February 2018, the Remuneration Committee of the Company approved the vesting for Tim Cobbold, Chief Executive Officer and a director of the Company, of options in relation to: (i) 223,080 ordinary shares in the Company (the "Ordinary Shares") under the UBM 2014 Performance Share Plan; and (ii) 25,810 Ordinary Shares under the UBM 2014 Deferred Bonus Plan (together, the "Vested Options"), to take place on 6 March 2018.
The Company has been informed by Mr Cobbold that, he intends to:
(i) exercise the Vested Options to acquire a total of 248,890 Ordinary Shares;
(ii) sell certain Ordinary Shares received on exercise of the Vested Options with the proceeds being used to meet applicable income tax and national insurance contributions arising on the exercise of the Vested Options; and
(iii) transfer the balance of Ordinary Shares received on exercise of the Vested Options to Carolyn Cobbold (a person connected with Mr Cobbold) as a gift.
The transactions referred to above are permitted under the terms of the irrevocable undertaking provided by Mr Cobbold to Informa PLC ("Informa").
It is intended that Carolyn Cobbold will enter into an irrevocable undertaking with Informa in respect of ordinary shares of the Company proposed to be transferred to her as referred to in this announcement.
--ENDS--
Enquiries to:
Nigel Youds, Deputy Company Secretary
Tel: +44 (0)20 7921 5000
LEI: 213800KLMH5SP3247C87
Related Shares:
UBM