Network International Holdings PLC Director/PDMR Shareholding
26 Abril 2024 - 1:00AM
RNS Regulatory News
RNS Number : 1837M
Network International Holdings PLC
26 April 2024
26
April 2024
Network International
Holdings plc
("Network International" or
the "Company")
Notification and public
disclosure of LTIP Awards to Directors and Persons Discharging
Managerial Responsibilities ("PDMR")
This announcement is made in
accordance with Article 19 of the Market Abuse Regulation ('MAR')
and relates to the acquisition of shares by the following Executive
Directors, who are also PDMRs, under the Company's Long Term
Incentive Plan ('LTIP').
These awards relate to the 2021 LTIP
and are referred to in the Group's 2023 Annual Report and Accounts.
The awards were conditional on continued employment with the
Group and on the satisfaction of the performance conditions
approved by the Remuneration Committee, which (after tax on the gross
award) must be retained until the shareholding requirement is met,
and in any event for Executive Directors two years after receipt.
These awards are subject to malus and clawback
provisions.
A copy of the FCA notification form
in respect of vesting of the award to each PDMR, as required under
the EU Market Abuse Regulation and in the prescribed format, is set
out below.
Notification of a Transaction
pursuant to Article 19(3) of the EU Market Abuse Regulation No
596/2014.
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Nandan Mer
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Group 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
|
Network International Holdings
plc
|
|
b)
|
LEI
|
213800XVRNKWENNLKK60
|
|
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
|
Shares
GB00BH3VJ782
|
|
b)
|
Nature of the transaction
|
Vesting of shares in respect of the
Long Term Incentive Plan ('LTIP') 2021 award.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.00
|
110136 ordinary shares
|
|
|
d)
|
Aggregated information
|
-
|
Aggregated volume
|
|
-
|
Price
|
|
|
|
e)
|
Date of the transaction
|
26 April 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main
Market
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Rohit Malhotra
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Group Chief Financial Officer &
Group Chief Strategy Officer
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Network International Holdings
plc
|
|
b)
|
LEI
|
213800XVRNKWENNLKK60
|
|
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
|
Shares
GB00BH3VJ782
|
|
b)
|
Nature of the transaction
|
Vesting of shares in respect of the
Long Term Incentive Plan ('LTIP') 2021 award.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.00
|
61,069 ordinary shares
|
|
|
d)
|
Aggregated information
|
-
|
Aggregated volume
|
|
-
|
Price
|
|
|
|
e)
|
Date of the transaction
|
26 April 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main
Market
|
Enquiries
|
Network International
Jay Razzaq: Chief Risk Officer &
Group Company Secretary
|
jay.razzaq@network.global
|
|
Amie Gramlick: Senior
Vice President Finance - FP&A and Investor Relations
|
InvestorRelations@Network.Global
|
|
|
|
Media
enquiries
Teneo
NetworkInternational@Teneo.com
Anthony Di Natale, Andy
Parnis
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