Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities or Connected Persons
The Company announces that on 9 July 2018, having been approved by the Remuneration Committee, the following Nil Cost Option to acquire ordinary shares in the capital of ZPG Plc of £0.001 each (Shares) under the ZPG Plc Value Creation Plan (VCP) has been granted to the following person discharging managerial responsibilities (PDMR):
Number of Shares over which Nil Cost Option granted
Chief Executive Officer
The number of Shares over which the Nil Cost Option was granted has been calculated by reference to VCP total shareholder return performance conditions as measured at 9 July 2018, being the date on which the court sanctioned the scheme of arrangement in relation to the change of control.
The Nil Cost Option is subject to the rules of the VCP and became immediately exercisable in connection with the recommended acquisition of ZPG Plc by Zephyr Bidco Limited, a wholly-owned indirect subsidiary of funds managed by Silver Lake Management Company V, LLC.
The Notification of Dealing Form can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
For enquiries, please contact:
Ned Staple, General Counsel and Company Secretary
Tel: 0203 872 5658
LEI Number: 213800W48XAF3GXE51701
Details of the person discharging managerial responsibilities/person closely associated
Reason for the notification
Founder & Chief Executive Officer
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Legal Entity Identifier
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
Description of the financial instrument, type of instrument
Ordinary shares of 0.1 pence each
Nature of the transaction
Grant of nil cost share option over ordinary shares under the ZPG Plc Value Creation Plan.
Price(s) and volume(s)
- Aggregated Volume
- Aggregated Price
Date of the transaction
Place of the transaction
Outside a trading venue
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