TIDMPARK

RNS Number : 3271L

Park Group PLC

21 December 2018

Park Group plc

("Park" the "Company" or the "Group")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Awards under the Park Group plc Strategic Growth Plan

Following the adoption of the Park Group plc Strategic Growth Plan (the "Plan") the Company has today, 21 December, 2018, granted awards under the Plan to the directors of the Company listed below.

Under the terms of the Plan, participants have the right to receive a proportion of a pool of ordinary shares of 2 pence each in the Company ("Ordinary Shares") that in aggregate deliver a value equal to 10% of the value created for shareholders over a 5 year performance period beginning from the date of grant. The awards will vest for nil consideration and are subject to certain performance conditions, principally delivering a total shareholder return in excess of 10% p.a. compound growth during the performance period. The awards will be settled in Ordinary Shares. In consideration for the grant of the awards under the Plan, any entitlement to receive a usual award under the Company's Long Term Incentive Plan ("LTIP") will be suspended for the participants during this period.

An overall cap on the maximum number of shares that can be granted under the SGP is set at 5% of the outstanding share capital at grant to prevent excessive payouts or dilution. This will sit outside of the current share plan limits and therefore be in addition to the current 10% limit that applies to awards under the LTIP and the Company's Save As You Earn scheme.

The number of Ordinary Shares under award will be determined and vest at the end of the 5 year performance period, or earlier in the event of a change of control of the Company, and will be calculated at that time by reference to the director's percentage entitlement to the growth in value below.

 
    Director              Position           Percentage entitlement of 10% pool 
---------------  -------------------------  ----------------------------------- 
 IAN O'DOHERTY    CHIEF EXECUTIVE OFFICER                   45% 
---------------  -------------------------  ----------------------------------- 
 TIM CLANCY       CHIEF FINANCIAL OFFICER                   25% 
---------------  -------------------------  -----------------------------------

For further information, please contact:

 
 Park Group plc         Arden Partners plc     MHP Communications 
 
   Ian O'Doherty          Steve Douglas          Reg Hoare 
                          Benjamin Cryer         Katie Hunt 
                          Paul Shackleton        Charles Hirst 
 
   Tel: 0151 653 1700     Tel: 020 7614 5920     Tel: 020 3128 8100

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                         Ian O'Doherty 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 2    Reason for the notification 
     --------------------------------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                              Director - CEO 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 b)   Initial notification/                        Initial notification 
       Amendment 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------------------------------------------------------------------- 
 a)   Name                                         Park Group plc 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 b)   LEI                                          213800MQ5U1F8SPHK638 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 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                               Ordinary shares of 2p each 
       the financial 
       instrument, type 
       of instrument 
                                                    ISIN: GB0006710643 
       Identification 
       code 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 b)   Nature of the                                Grant of award under the Park Group plc Strategic Growth Plan 
       transaction 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 c)   Price(s) and                                  Price(s)   Volume(s) 
       volume(s)                                     Nil        Such number of shares as equals 4.5% of the growth in value above a 10% CAGR 
                                                                over 5 years 
                                                                from the date of grant of the award 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 d)   Aggregated information-  Aggregated volume 
                                                     N/A 
       -  Price 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 e)   Date of the transaction                      21 December 2018 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 f)   Place of the                                 London Stock Exchange 
       transaction 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                         Tim Clancy 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 2    Reason for the notification 
     --------------------------------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                              Director - CFO 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 b)   Initial notification/                        Initial notification 
       Amendment 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------------------------------------------------------------------- 
 a)   Name                                         Park Group plc 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 b)   LEI                                          213800MQ5U1F8SPHK638 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 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                               Ordinary shares of 2p each 
       the financial 
       instrument, type 
       of instrument 
                                                    ISIN: GB0006710643 
       Identification 
       code 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 b)   Nature of the                                Grant of award under the Park Group plc Strategic Growth Plan 
       transaction 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 c)   Price(s) and                                  Price(s)   Volume(s) 
       volume(s)                                     Nil        Such number of shares as equals 2.5% of the growth in value above a 10% CAGR 
                                                                over 5 years 
                                                                from the date of grant of the award 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 

 d)   Aggregated information-  Aggregated volume 
                                                     N/A 
       -  Price 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 e)   Date of the transaction                      21 December 2018 
     -------------------------------------------  ------------------------------------------------------------------------------------------ 
 f)   Place of the                                 London Stock Exchange 
       transaction 
     -------------------------------------------  ------------------------------------------------------------------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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