TIDMPEBB
RNS Number : 4686G
Pebble Group PLC (The)
30 March 2022
30 March 2022
THE PEBBLE GROUP PLC
(the "Company")
Grant of performance share awards under Long Term Incentive
Plan
and
Notification of transactions by PDMRs
The Pebble Group plc (AIM: PEBB), a leading provider of
technology, services and products to the global promotional
products industry , announces that on 29 March 2022 the Company
made awards of 1,719,986 in the form of nil cost options or
conditional share awards ("Performance Shares") under The Pebble
Group plc Long Term Incentive Plan ("LTIP") to a number of senior
employees across the Group, including to the Persons Discharging
Managerial Responsibilities, as detailed below ("PDMR"):
PDMR Number of Performance Shares
Christopher Lee 280,788
-----------------------------
Claire Thomson 206,897
-----------------------------
Louisa Hesketh 22,660
-----------------------------
Ashley McCune 195,705
-----------------------------
Karl Whiteside 129,842
-----------------------------
The vesting of all the Performance Shares is conditional on
meeting performance conditions measured over a three-year period as
described below.
Performance conditions
1. Adjusted Earnings Per Share ("EPS") Target
Up to 70% of the total Performance Shares will vest dependent
upon the achievement of cumulative adjusted EPS targets for the
three years ending 31 December 2024, determined as follows:
Cumulative Adjusted EPS for Portion of Ordinary Shares vesting
the three year period to 31 subject to Adjusted EPS target
December 2024
Below 17.6p No vesting
-----------------------------------
17.6p 25%
-----------------------------------
18.8p 60%
-----------------------------------
19.9p 100%
-----------------------------------
2. Total Shareholder Return ("TSR") Target
Up to 30% of the total Performance Shares will vest dependent
upon the performance of the Company's Absolute TSR measured over
the three year period ending 31 December 2024. The share price at
the start of this period was 132.50 pence, being the average
closing price of the Company's shares over the three trading days
ending on the day before the start of the performance period.
Annualised TSR for the three Portion of Ordinary Shares vesting
year period to 31 December subject to TSR Target
2024
Below 8.0% per annum No vesting
-----------------------------------
8.0% per annum 25%
-----------------------------------
11.3% per annum 60%
-----------------------------------
15% per annum 100%
-----------------------------------
A holding period of two years from date of vesting is applicable
to the LTIP awards granted to the Executive Directors of the
Company.
The making of these awards at these levels and with these
performance conditions is considered by the Remuneration Committee
to be in accordance with the Company's Remuneration Policy with
regard to the Executive Directors.
The Remuneration Committee has discretion to adjust the level of
vesting if in its opinion such level of vesting resulting from the
application of the performance conditions is considered not to be a
fair and accurate reflection of the performance of the Company or a
fair and accurate reflection of the award holder's performance or
where there is any other factor or any other circumstances which
would make the level of vesting inappropriate without
adjustment.
The information set out below is provided in accordance with the
requirements of Regulation 19(3) of the EU Market Abuse Regulation
No 596/2014:
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name 1. Christopher Lee
2. Claire Thomson
3. Louisa Hesketh
4. Ashley McCune
5. Karl Whiteside
----------------------------------------- --------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
(a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
3. Group Financial Controller
4. President, Facilisgroup
5. Group MD, Brand Addition
----------------------------------------- --------------------------------------
(b) Initial notification/Amendment Initial notification
----------------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
(a) Name The Pebble Group plc
----------------------------------------- --------------------------------------
(b) LEI 213800LZUQAYBHDEQY04
----------------------------------------- --------------------------------------
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, Ordinary shares of 1 pence
type of instrument each
Identification code ISIN GB00BK71XP16
PEBB.L
----------------------------------------- --------------------------------------
(b) Nature of the transaction Award of nil-cost options
or conditional share awards
pursuant to The Pebble Group
plc Long Term Incentive Plan
----------------------------------------- --------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
1 NIL 280,788
2 NIL 206,897
3 NIL 22,660
4 NIL 195,705
5 NIL 129,842
----------------------------------------- --------------------------------------
(d) Aggregated information N/A
- Aggregated volume
- Price
----------------------------------------- --------------------------------------
(e) Date of the transaction 29 March 2022
----------------------------------------- --------------------------------------
(f) Place of the transaction Outside a trading venue
----------------------------------------- --------------------------------------
Enquiries:
The Pebble Group plc
Chris Lee, Chief Executive Officer
Claire Thomson, Chief Financial
Officer +44 (0) 7385 024855
Grant Thornton UK LLP (Nominated
Adviser)
Samantha Harrison / Harrison Clarke
/ Ciara Donnelly +44 (0) 20 7383 5100
Berenberg (Corporate Broker)
Chris Bowman / Jen Clarke / Arnav
Kapoor +44 (0) 20 3207 7800
Belvedere Communications (Financial
PR) +44 (0) 7715 769 078
Cat Valentine +44 (0) 7967 816 525
Keeley Clarke thepebblegrouppr@belvederepr.com
About The Pebble Group plc - www.thepebblegroup.com
The Pebble Group is a provider of digital commerce, products and
related services to the global promotional products industry,
comprising two differentiated businesses, focused on specific areas
of the promotional products market:
Facilisgroup - www.facilisgroup.com
Facilisgroup focuses on supporting the growth of mid-sized
promotional product businesses in North America by providing a
digital commerce platform, which enables those businesses to
benefit from significant business efficiency and gain meaningful
supply chain advantage from the ability to purchase from quality
suppliers under preferred terms. The value to our clients is
reflected in the very high retention rates of the business.
Brand Addition - www.brandaddition.com
Brand Addition focuses upon providing promotional products and
related services under contract to some of the world's most
recognisable brands. Its largest contracts are valued in the
millions of pounds with the products and services supplied being
used for brand building, customer engagement and employee rewards.
Working in close collaboration with its clients, Brand Addition
designs products and product ranges, hosts client-branded global
web stores and provides international sourcing and distribution
solutions.
We categorise our revenues into two divisions, Corporate
Programmes, that supports our clients' general marketing
activities, and Consumer Promotions, that supports our clients in
driving their own sales volumes.
The Pebble Group aims to act responsibility through effective
management of its Environmental, Social and Governance ("ESG"). To
find out more, read our ESG report - The Pebble Group ESG report
2021 .
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END
DSHEAPDNASLAEFA
(END) Dow Jones Newswires
March 30, 2022 02:00 ET (06:00 GMT)
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