RNS
Daily Mail and General Trust

Daily Mail and General Trust plc: Director/PDMR Shareholding

Daily Mail and General Trust plc (DMGT)
Daily Mail and General Trust plc: Director/PDMR Shareholding

28-May-2020 / 16:19 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

The Company today confirms awards under the DMGT Long Term Executive Incentive Plan 2017 in accordance with the Remuneration Policy as set out in the Company's 2019 Annual Report.

 

A salary substitution plan has been introduced across Consumer Media, Landmark and the Corporate centre to replace a portion of the April to June 2020 salary of higher earners with equity in DMGT.  While the cost implications are not material, this action will support the Group's cash generation and the scheme will help align employees' and shareholders' interests.  DMGT has not taken any government financial support.

 

Awards under the salary substitution plan will vest on 29 January 2021 and are either in the form of forfeitable A Ordinary Non-Voting shares or conditional share awards over A Ordinary Non-Voting shares.  For both types of awards, the number of A Ordinary Non-Voting shares was calculated by reference to a share price of £6.69 (the average share price for the 3 days: 6 April to 8 April inclusive).

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Lord Rothermere

2

Reason for the notification

a)

Position/status

Chairman

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of award under the Daily Mail and General Trust Long Term Executive Incentive Plan 2017. The Award is in the form of forfeitable A Ordinary Non-Voting shares that are subject to continued service until vesting. The number of shares granted was calculated by reference to the average share price for the 3 days 6 April to 8 April inclusive of £6.69.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.00

10,800 shares

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

28 May 2020

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Paul Zwillenberg

2

Reason for the 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

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of award under the Daily Mail and General Trust Long Term Executive Incentive Plan 2017. The Award is in the form of forfeitable A Ordinary Non-Voting shares that are subject to continued service until vesting. The number of shares granted was calculated by reference to the average share price for the 3 days 6 April to 8 April inclusive of £6.69.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.00

9,171 shares

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

28 May 2020

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Timothy Collier

2

Reason for the 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

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of award under the Daily Mail and General Trust Long Term Executive Incentive Plan 2017. The Award is in the form of forfeitable A Ordinary Non-Voting shares that are subject to continued service until vesting. The number of shares granted was calculated by reference to the average share price for the 3 days 6 April to 8 April inclusive of £6.69.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.00

5,833 shares

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

28 May 2020

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Kevin Beatty

2

Reason for the notification

a)

Position/status

Executive Director

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of award under the Daily Mail and General Trust Long Term Executive Incentive Plan 2017. The Award is in the form of forfeitable A Ordinary Non-Voting shares that are subject to continued service until vesting. The number of shares granted was calculated by reference to the average share price for the 3 days 6 April to 8 April inclusive of £6.69.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.00

11,222 shares

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

28 May 2020

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Ravinder Chandhok

2

Reason for the notification

a)

Position/status

Chief Technology Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of award under the Daily Mail and General Trust Long Term Executive Incentive Plan 2017. The Award is in the form of forfeitable A Ordinary Non-Voting shares that are subject to continued service until vesting. The number of shares granted was calculated by reference to the average share price for the 3 days 6 April to 8 April inclusive of £6.69.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.00

5,567 shares

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

28 May 2020

f)

Place of the transaction

London Stock Exchange (XLON)

 

Name of officer responsible for making notification: Fran Sallas, Company Secretary DMGT, 0203 615 2904

 



ISIN: GB00BJQZC279
Category Code: DSH
TIDM: DMGT
LEI Code: 4OFD47D73QFJ1T1MOF29
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 66700
EQS News ID: 1058283

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=1058283&application_name=news&site_id=acquiremedia3
NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...

FOR OUR FULL DISCLAIMER CLICK HERE