TIDMKWS

RNS Number : 3830E

Keywords Studios PLC

27 October 2022

27 October 2022

Keywords Studios plc

("Keywords Studios", "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Conditional Award of Shares

Keywords Studios, the international technical and creative services provider to the global video games industry, today announces that, under the terms of the Keywords Studios Long Term Incentive Plan ("LTIP"), conditional awards of shares were granted on 26 October 2022 to the below named person discharging managerial responsibilities.

The LTIPs will normally vest on 26 October 2025. Vesting of the LTIPs are conditional on continued employment and the achievement of performance conditions approved by the Remuneration Committee, based on the Company's Total Shareholder Return ("TSR") versus the FTSE 250 Index (excluding investment trusts) (the "Index") over the 3-year performance period. Threshold vesting (25% of the award) will vest for TSR in line with the Index and full vesting will be earned for exceeding the Index TSR by 20% over the performance period.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
===  ============================================================================= 
 a)   Name                             Joseph Binnion 
     ===============================  ============================================ 
 2    Reason for the notification 
     ============================================================================= 
 a)   Position/status                  Chief Culture Officer 
     ===============================  ============================================ 
 b)   Initial Notification/            Initial notification 
       Amendment 
     ===============================  ============================================ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ============================================================================= 
 a)   Name                             Keywords Studios PLC 
     ===============================  ============================================ 
 b)   LEI                              2138007VR9ZYCWS7VE12 
     ===============================  ============================================ 
 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               Ordinary shares of 1 pence each in Keywords 
       financial instrument,            Studios PLC (ISIN: GB00BBQ38507) 
       type of 
       instrument and identification 
       code 
     ===============================  ============================================ 
 b)   Nature of the transaction        Grant of nominal cost conditional award 
                                        of shares under the Keywords Studios 
                                        Long Term Incentive Plan, based on Group 
                                        performance. 
     ===============================  ============================================ 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP 0.01    9,000 
                                                     ========== 
     ===============================  ============================================ 
 d)   Aggregated information           Aggregate volume of shares: 9,000 
       - Aggregated volume              Aggregate price of shares: GBP 90 
       - Price 
     ===============================  ============================================ 
 e)   Date of the transaction          2022-10-26 (UTC) 
     ===============================  ============================================ 
 f)   Place of the transaction         Outside a trading venue 
     ===============================  ============================================ 
 

ENDS

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END

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October 27, 2022 09:30 ET (13:30 GMT)

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