National World PLC VCP vesting and Director/PDMR Shareholding (5947W)
18 Abril 2023 - 4:36AM
UK Regulatory
TIDMNWOR
RNS Number : 5947W
National World PLC
18 April 2023
National World plc
18 April 2023
National World plc
("National World")
Completion of 2019 Value Creation Plan
and
Notification of transactions by PDMRs
National World announces that on 17 April 2023 awards in the
form of nominal cost options over a total of 12,663,363 new
ordinary shares vested pursuant to the terms of the 2019 Value
Creation Plan (VCP) including awards to two executive directors as
detailed below:
Name Position Awards vested/shares
issued
David Montgomery Executive Chairman 4,432,177
-------------------- ---------------------
Chief Commercial
Mark Hollinshead Officer 3,799,009
-------------------- ---------------------
Within the total above, 4,432,177 awards to Vijay Vaghela, a
director until September 2022 and deemed a good leaver, also
vested.
The VCP was put in place on Admission in September 2019 to
support the delivery of the Company's strategy, to retain the lead
executives and reward them for driving its successful delivery. The
overall effect of the VCP was that the participants together were
able to earn Ordinary Shares equivalent in value to 10% of any
equity value created above an 8% compound annual growth rate based
on the measurement of absolute total shareholder return generated
over the VCP performance period. The share testing period for the
VCP ended on 14 April 2023. Further information on the VCP is set
out in our 2022 annual report.
The information set out below is provided in accordance with the
requirements of Regulation 19(3) of the EU Market Abuse Regulation
No 596/2014:
UPDATE
1. Details of PDMR / person closely associated
a) Name David Montgomery
---------------------- -------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Position Executive Chairman
/ status
---------------------- -------------------------------------------
b) Initial Initial notification
notification
/amendment
---------------------- -------------------------------------------
3. Details of the issuer
-------------------------------------------------------------------
a) Name National World plc
---------------------- -------------------------------------------
b) LEI 213800NL4ICLKYSYU749
---------------------- -------------------------------------------
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 Ordinary Shares of 0.1p par value
of the
financial
instrument
---------------------- -------------------------------------------
b) Identification GB00BJN5J635
code of
the Financial
Instrument
---------------------- -------------------------------------------
c) Nature Grant of options
of the
transaction
---------------------- -------------------------------------------
d) Price(s) Price Volume
and volume(s) 0.1p 4,432,177
---------------------- -------------------------------------------
f) Date of 17 April 2023
the transaction
---------------------- -------------------------------------------
g) Place XLON
of the
transaction
---------------------- -------------------------------------------
1. Details of PDMR / person closely associated
a) Name Mark Hollinshead
---------------------- -------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Position Chief Commercial Officer
/ status
---------------------- -------------------------------------------
b) Initial Initial notification
notification
/amendment
---------------------- -------------------------------------------
3. Details of the issuer
-------------------------------------------------------------------
a) Name National World plc
---------------------- -------------------------------------------
b) LEI 213800NL4ICLKYSYU749
---------------------- -------------------------------------------
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 Ordinary Shares of 0.1p par value
of the
financial
instrument
---------------------- -------------------------------------------
b) Identification GB00BJN5J635
code of
the Financial
Instrument
---------------------- -------------------------------------------
c) Nature Grant of options
of the
transaction
---------------------- -------------------------------------------
d) Price(s) Price Volume
and volume(s) 0.1p 3,799,009
---------------------- -------------------------------------------
f) Date of 17 April 2023
the transaction
---------------------- -------------------------------------------
g) Place of XLON
the transaction
---------------------- -------------------------------------------
Enquiries:
National World plc
Douglas Easton
c/o Montfort Communications
Montfort Communications
Olly Scott
+44 (0)78 1234 5205
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END
DSHIPMLTMTJBMAJ
(END) Dow Jones Newswires
April 18, 2023 05:36 ET (09:36 GMT)
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