19 March 2024
Capita
plc (“the Company”)
Notification
and public disclosure of transactions by Director/Person
Discharging Managerial Responsibilities
("PDMR")
As
announced on 9 November 2023,
Adolfo Hernandez was appointed as
Group Chief Executive Officer with effect from 17 January 2024.
On
19 March 2024, the following award
was granted over the Company's Ordinary 2 1/15p shares ("Ordinary
Shares") to Adolfo Hernandez (“the
Buy-Out Award”). The Buy-Out Award is granted pursuant to UK
Listing Rule 9.4.2(2). The Buy-Out Award may not be settled with
new issue or treasury shares.
The
Buy-Out Award is capable of vesting in five independent tranches as
set out below:
|
Name
|
Status
|
Number
of Ordinary Shares under Buy-out Award
|
Vesting
date
|
|
Adolfo
Hernandez
|
Chief
Executive Officer
|
2,509,709
|
15 July
2024
|
|
2,497,467
|
15 January
2025
|
|
1,897,585
|
15 July
2025
|
|
1,885,343
|
15 January
2026
|
|
3,256,501
|
15 July
2026
|
No consideration was paid for the grant of the Buy-Out Award which
is structured as a conditional award comprising the respective
tranches.
Notes:
The Buy-Out Award has been made to compensate Adolfo Hernandez for the forfeiture of incentive
arrangements held with his previous employer, Amazon Web
Services.
The number of Ordinary Shares under the Buy-Out Award has been
calculated using an Ordinary Share price of 19.81 pence per Ordinary Share being the average
of the closing Ordinary Share prices over the five Dealing Days
preceding 17 January 2024.
Tranches shall ordinarily be forfeit in the event of cessation of
employment prior to the relevant vesting dates.
Notification and
public disclosure of
transactions by
director/persons
discharging managerial
responsibilities and
persons
closely associated with them
The
information set out below is provided in accordance with the
requirements of the UK Market Abuse Regulation
|
1
|
Details of
the
person
discharging
managerial
responsibilities /
person
closely
associated
|
|
a)
|
Name
|
Adolfo Hernandez
|
|
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
|
Capita plc
|
|
b)
|
LEI
|
CMIGEWPLHL4M7ZV0IZ88
|
|
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
|
Ordinary shares of 2 1/15p each
GB00B23K0M20
|
|
b)
|
Nature of
the
transaction
|
Grant of a conditional share award (Buy-out share award) over
Capita ordinary shares to compensate Adolfo Hernandez for the
forfeiture of incentive arrangements held with his previous
employer.
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
Volume Vesting
date
|
|
£Nil
|
2,509,709 15
July 2024
|
|
£Nil
|
2,497,467 15
January 2025
|
|
£Nil
|
1,897,585 15
July 2025
|
|
£Nil
|
1,885,343 15
January 2026
|
|
£Nil
|
3,256,501 15
July 2026
|
|
|
d)
|
Aggregated
information
-
Aggregated
volume
- Price
|
12,046,605
£Nil
|
|
e)
|
Date of
the
transaction
|
19 March
2024
|
|
f)
|
Place of
the
transaction
|
Outside
of a trading venue
|
|
|
|
|
For
more information, please contact:
Investor
enquiries
Helen Parris, Director of Investor Relations
Tel: 07720
169 269
Email:
IRteam@capita.co.uk
Stephanie Little
Deputy
Head of Investor Relations
Tel: 07541
622838
Email:
IRteam@capita.co.uk
Media
enquiries
Capita
external communications
Tel: 0207
654 2399
Email:
media@capita.co.uk
Notes
to editors:
Every day our 43,000 colleagues help millions of people, by
delivering innovative, digitally enabled solutions to transform and
simplify the connections between government and citizens,
businesses and customers. We partner with our clients and provide
the insight and technologies that give time back, allowing them to
focus on what they do best and making people’s lives easier and
simpler. We operate across two divisions – Capita Public Service
and Capita Experience – in the UK, Europe, India
and South Africa.
Capita is quoted on the London Stock Exchange (CPI.L). Further
information can be found at:
http://www.capita.com