TIDMRFX
RNS Number : 1237F
Ramsdens Holdings PLC
17 March 2022
17 March 2022
Ramsdens Holdings PLC
("Ramsdens", the Group, or the "Company")
Director/PDMR Shareholding
Ramsdens, the diversified financial services provider and
retailer, announces that on 17 March 2022, the Company adopted its
Long-Term Incentive Plan 5 (the "Plan"). The Plan follows the
principles of the Group's existing LTIPs, in recognising the
contribution of the management team for the three years to FY24.
The intention to grant the potential conditional awards was
disclosed in Ramsdens' 2021 Annual Report and Accounts, published
on 17 January 2022.
In accordance with the Group's remuneration strategy, the Plan
extends to 21 members of the Senior Management Team, as well as CEO
Peter Kenyon and CFO Martin Clyburn (the "Executive Directors").
The awards granted over 1p Ordinary Shares in the capital of the
Company (the "Shares") and are under one incentive plan, however
the Plan comprises two types of awards, a wholly conditional award
Long Term Incentive Plan (the "LTIP") and a Company Share Option
Plan (the "CSOP"). Vested awards under the LTIP are exercisable at
1 pence per share and under the CSOP are exercisable at 166.5 pence
per share, subject to approval by HMRC.
The Executive Directors have been granted a total of 170,000
shares, to vest in 2025 in accordance with the Plan rules. These
shares are subject to the achievement of performance targets, with
50% of any award linked to targeted increases in the Earnings per
Share of the Company, and the remaining 50% of any award based on
the delivery of the Total Shareholder Return. These targets will be
measured over the three financial years to 30 September 2024. These
grants represent the maximum possible share awards to the Executive
Directors should the performance targets be achieved in full. The
Plan rules include malus and clawback provisions.
A further 168,000 shares have been issued pursuant to the LTIP
scheme to 12 members of the Senior Management Team, including Mike
Johnson (Operations Director) and Jason Carr (IT Director) with the
same performance criteria and rules.
In addition, 110,000 shares have been issued under the CSOP
scheme to 20 members of the Senior Management Team. These awards
have no performance criteria but include malus and clawback
provisions. Participants who leave the Company before vesting will
lose their award, subject to certain limited 'good leaver'
conditions.
The following table summarises the awards issued.
Role Number of Number of
LTIP shares CSOP shares
awarded awarded
Peter Kenyon CEO (Director) 100,000 Nil
Martin Clyburn CFO (Director) 70,000 Nil
Mike Johnson Operations Director of trading 50,000 Nil
subsidiary (PDMR)
IT Director of trading subsidiary
Jason Carr (PDMR) 20,000 5,500
A further nine members of
the Senior Management Team
have been issued both awards 98,000 49,500
Ten members of the Senior
Management Team have been
issued CSOP only awards Nil 55,000
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name: Peter Kenyon
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2. Reason for the notification
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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: Ramsdens Holdings PLC
---------------------------------------------------------------------------------------------
b) LEI: 2138009OAUOROKMFPK95
---------------------------------------------------------------------------------------------
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 : Options over Ordinary shares
of 1p each.
Identification code : GB00BDR6V192
---------------------------------------------------------------------------------------------
b) Nature of the transaction :
Grant of options pursuant to LTIP
---------------------------------------------------------------------------------------------
c) Price(s) and volume(s ): Price(s) Volume(s)
1p 100,000
----------
---------------------------------------------------------------------------------------------
d) Aggregated information :
N/A
---------------------------------------------------------------------------------------------
e) Date of the transaction : 16 March 2022
---------------------------------------------------------------------------------------------
f) Place of the transaction : Outside a trading venue
---------------------------------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name: Martin Clyburn
---------------------------------------------------------------------------------------------
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: Ramsdens Holdings PLC
---------------------------------------------------------------------------------------------
b) LEI: 2138009OAUOROKMFPK95
---------------------------------------------------------------------------------------------
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 : Options over Ordinary shares
of 1p each.
Identification code : GB00BDR6V192
---------------------------------------------------------------------------------------------
b) Nature of the transaction :
Grant of options pursuant to LTIP
---------------------------------------------------------------------------------------------
c) Price(s) and volume(s ): Price(s) Volume(s)
1p 70,000
----------
---------------------------------------------------------------------------------------------
d) Aggregated information :
N/A
---------------------------------------------------------------------------------------------
e) Date of the transaction : 16 March 2022
---------------------------------------------------------------------------------------------
f) Place of the transaction : Outside a trading venue
---------------------------------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name: Mike Johnson
---------------------------------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------------------
a) Position/status: Operations Director
---------------------------------------------------------------------------------------------
b) Initial notification/Amendment : Initial Notification
---------------------------------------------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------------------------------
a) Name: Ramsdens Holdings PLC
---------------------------------------------------------------------------------------------
b) LEI: 2138009OAUOROKMFPK95
---------------------------------------------------------------------------------------------
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 : Options over Ordinary shares
of 1p each.
Identification code : GB00BDR6V192
---------------------------------------------------------------------------------------------
b) Nature of the transaction :
Grant of options pursuant to LTIP
---------------------------------------------------------------------------------------------
c) Price(s) and volume(s ): Price(s) Volume(s)
1p 50,000
----------
---------------------------------------------------------------------------------------------
d) Aggregated information :
N/A
---------------------------------------------------------------------------------------------
e) Date of the transaction : 16 March 2022
---------------------------------------------------------------------------------------------
f) Place of the transaction : Outside a trading venue
---------------------------------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name: Jason Carr
---------------------------------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------------------
a) Position/status: IT Director
---------------------------------------------------------------------------------------------
b) Initial notification/Amendment : Initial Notification
---------------------------------------------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------------------------------
a) Name: Ramsdens Holdings PLC
---------------------------------------------------------------------------------------------
b) LEI: 2138009OAUOROKMFPK95
---------------------------------------------------------------------------------------------
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 : Options over Ordinary shares
of 1p each.
Identification code : GB00BDR6V192
---------------------------------------------------------------------------------------------
b) Nature of the transaction :
Grant of options pursuant to LTIP
---------------------------------------------------------------------------------------------
c) Price(s) and volume(s ): Price(s) Volume(s)
1p 20,000
----------
---------------------------------------------------------------------------------------------
d) Aggregated information :
N/A
---------------------------------------------------------------------------------------------
e) Date of the transaction : 16 March 2022
---------------------------------------------------------------------------------------------
f) Place of the transaction : Outside a trading venue
---------------------------------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name: Jason Carr
---------------------------------------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------------------
a) Position/status: IT Director
---------------------------------------------------------------------------------------------
b) Initial notification/Amendment : Initial Notification
---------------------------------------------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------------------------------
a) Name: Ramsdens Holdings PLC
---------------------------------------------------------------------------------------------
b) LEI: 2138009OAUOROKMFPK95
---------------------------------------------------------------------------------------------
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 : Options over Ordinary shares
of 1p each.
Identification code : GB00BDR6V192
---------------------------------------------------------------------------------------------
b) Nature of the transaction :
Grant of options pursuant to CSOP
---------------------------------------------------------------------------------------------
c) Price(s) and volume(s ): Price(s) Volume(s)
166.5p 5,500
----------
---------------------------------------------------------------------------------------------
d) Aggregated information :
N/A
---------------------------------------------------------------------------------------------
e) Date of the transaction : 16 March 2022
---------------------------------------------------------------------------------------------
f) Place of the transaction : Outside a trading venue
---------------------------------------------------------------------------------------------
Enquiries:
Ramsdens Holdings PLC Tel: +44 (0) 1642 579957
Peter Kenyon, CEO
Martin Clyburn, CFO
Liberum Capital Limited (Nominated Adviser) Tel: +44 (0) 20 3100 2000
Richard Crawley
Lauren Kettle
Hudson Sandler (Financial PR) Tel: +44 (0) 20 7796 4133
Alex Brennan
Lucy Wollam
About Ramsdens
Ramsdens is a growing, diversified, financial services provider
and retailer, operating in the four core business segments of
foreign currency exchange, pawnbroking loans, precious metals
buying and selling and retailing of second hand and new
jewellery.
Ramsdens does not offer unsecured high-cost short term
credit.
Headquartered in Middlesbrough, the Group operates from 157
stores within the UK (including 3 franchised stores) and has a
growing online presence.
Ramsdens is fully FCA authorised for its pawnbroking and credit
broking activities.
www.ramsdensplc.com
www.ramsdensforcash.co.uk
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END
DSHSFFSUWEESEDD
(END) Dow Jones Newswires
March 17, 2022 05:33 ET (09:33 GMT)
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