NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION.
THIS
ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS, PROSPECTUS
EQUIVALENT
DOCUMENT OR
SCHEME DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT
DECISION IN RELATION TO THE ACQUISITION OR NEW MOLTEN SHARES EXCEPT
ON THE BASIS OF INFORMATION IN THE SCHEME
DOCUMENT.
FOR IMMEDIATE
RELEASE
12 March 2024
FORWARD PARTNERS GROUP
PLC
("FORWARD PARTNERS" OR
"FORWARD")
Exercise of options,
transaction in own shares and PDMR shareholdings
Forward Partners announces that
an application has been made to the London Stock
Exchange for a total of 231,330 ordinary shares of £0.01 each
("Ordinary Shares") to be
admitted to trading on AIM, following vesting and exercise of
outstanding FY23 Options granted pursuant to the Forward LTIP, as
determined by the Forward Remuneration Committee (such vesting and
exercise having taken place conditional upon the Court sanctioning
the Scheme, which was announced earlier today). It is expected that
Admission will take effect at 8.00 a.m. on 13 March 2024, following
which the relevant shares will be allotted and issued in order to
satisfy the FY23 Options.
In connection with the above exercise of
options and vesting of awards, Forward has been notified that the
following directors / persons discharging managerial responsibility
("PDMR") received Ordinary
Shares as detailed below ("notifications"). The notifications are
made in accordance with the requirements of the EU Market Abuse
Regulation which has effect in English law by virtue of the
European Union (Withdrawal) Act 2018 (the Market Abuse
Regulation).
|
|
Previous
Holding
|
%
|
Number Ordinary
Shares
|
Shareholding on
Admission
|
%
|
|
Nic Brisbourne
|
382,920
|
0.28%
|
77,762
|
460,682
|
0.34%
|
|
Lloyd Smith
|
0
|
0.00%
|
61,716
|
61,716
|
0.05%
|
Capitalised terms used in this
announcement, unless otherwise defined, shall have the meanings
given to them in the scheme document
published by Forward on 21 December 2023 (the "Scheme Document").
Enquiries:
Forward
Partners Group
plc
Via Alma PR
Nic Brisbourne (Chief Executive
Officer)
Liberum
Capital
Limited
+44 (0)20 3100 2222
(Rule 3
Adviser, Financial Adviser, Nominated Adviser and Corporate Broker
to Forward Partners)
Chris Clarke
Mark Harrison
Lauren Kettle
Anake Singh
Alma
PR
+44 (0)20 3405 0205
(Financial PR
Adviser to Forward Partners)
David Ison
Andy Bryant
Will Ellis Hancock
DEALING NOTIFICATION
FORM
FOR USE BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED
PERSONS
|
1.
|
Details of the person discharging
managerial responsibilities/person closely
associated
|
|
a)
|
Name:
|
Nicholas Brisbourne
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position/status:
|
CEO
|
|
b)
|
Initial
notification/Amendment:
|
Initial Notification
|
|
3.
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
|
Name:
|
Forward Partners Group
plc
|
|
b)
|
LEI:
|
213800G3LF6776Y7IY64
|
|
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 1p
each
GB00BKPGBB09
|
|
b)
|
Nature of the
transaction:
|
Exercise of options under Forward
Partners' 2023 Long Term Incentive Plan
|
|
c)
|
Price(s) and
volume(s):
|
Exercised resulting in issue of
equity:
|
Share plan
|
Price(s) pence
|
Volume(s)
|
|
LTIP
|
1 pence
|
77,762
|
|
|
d)
|
Aggregated
information:
· Aggregated
volume:
·
Price:
|
See 4 (c) above
|
|
e)
|
Date of the
transaction:
|
12 March 2024
|
|
f)
|
Place of the
transaction:
|
off-market transaction
|
|
1.
|
Details of the person discharging
managerial responsibilities/person closely
associated
|
|
a)
|
Name:
|
Lloyd Smith
|
|
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:
|
Forward Partners Group
plc
|
|
b)
|
LEI:
|
213800G3LF6776Y7IY64
|
|
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 1p
each
GB00BKPGBB09
|
|
b)
|
Nature of the
transaction:
|
Exercise of options under Forward
Partners' 2023 Long Term Incentive Plan
|
|
c)
|
Price(s) and
volume(s):
|
Exercised resulting in issue of
equity:
|
Share plan
|
Price(s) pence
|
Volume(s)
|
|
LTIP
|
1 pence
|
61,716
|
|
|
d)
|
Aggregated
information:
· Aggregated
volume:
·
Price:
|
See 4 (c) above
|
|
e)
|
Date of the
transaction:
|
12 March 2024
|
|
f)
|
Place of the
transaction:
|
off-market transaction
|