DWF Group PLC Director/PDMR Shareholding (9505I)
17 Agosto 2021 - 11:17AM
UK Regulatory
TIDMDWF
RNS Number : 9505I
DWF Group PLC
17 August 2021
DWF Group plc
("DWF" or "the Company")
LEI: 213800O9QREOHTOGQ266
17 August 2021
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ('PDMRs')
On 16 August 2021, the Company granted to each of the PDMRs
listed in the table below a LTIP award over such number of Ordinary
Shares of 1p each in the Company (Shares) as is set out below (the
Awards). The Awards are conditional awards granted under the DWF
Group plc Equity Incentive Plan (the EIP).
Name Maximum number of Shares under
Award
------------------------------
Executive Director
-------------------- ------------------------------
Sir Nigel Knowles 819,346
-------------------- ------------------------------
Chris Stefani 353,356
-------------------- ------------------------------
Matthew Doughty 331,272
-------------------- ------------------------------
The Awards will vest after three years, in accordance with the
EIP rules, subject to continued employment and the satisfaction of
the performance conditions relating to earnings per share ("EPS")
growth, return on capital employed ("ROCE") growth and cash
conversion rate over a three-year performance period from 1 May
2021 to 30 April 2024.
The performance targets for the LTIP awards are set out
below:
Performance condition Threshold Target Maximum
and percentage of (20%) (50%) (100%)
award opportunity
Cumulative three-year
EPS (40% weighting) 33.8p 37.6p 41.3p
---------- ------- --------
Average annual ROCE
(40% weighting) 26% 29% 32%
---------- ------- --------
Average cash conversion
(20% weighting) 82% 91% 101%
---------- ------- --------
In accordance with the EIP rules, the vested Shares will be
subject to a two-year holding period before the Shares are
released. No consideration was paid for the grant of the award and
no price is payable on the exercise of the award. For the purposes
of this award, the volume weighted average price for the 5 days
immediately preceding the date of grant of GBP1.132 was used.
On 16 August 2021, the Company also granted to each of the PDMRs
listed in the table below a Deferred Bonus Plan Award over such
number of Shares as is set out below (the "DBP Awards"). The DBP
Awards represent 50% of the bonus awarded for the period up to 30
April 2021. The DBP Awards are conditional awards granted under the
DWF Group plc Deferred Bonus Plan or the DWF LLP Sub-group Deferred
Bonus Plan (the "DBP").
Name Maximum number of Shares under
Award
------------------------------
Executive Director
-------------------- ------------------------------
Sir Nigel Knowles 130,300
-------------------- ------------------------------
Chris Stefani 130,300
-------------------- ------------------------------
Matthew Doughty 130,299
-------------------- ------------------------------
Michele Cicchetti 56,349
-------------------- ------------------------------
The DBP Awards will vest after three years, in accordance with
the DBP rules, subject to continued employment. No consideration
was paid for the grant of the award and no price is payable on the
exercise of the award. For the purposes of this award, the volume
weighted average price for the 5 days immediately preceding the
date of grant of GBP1.132 was used.
The notifications set out below are provided in accordance with
the requirements of Article 19 of the EU Market Abuse
Regulation.
For further information please contact:
Darren Drabble +44 (0)20 7280 8929
Company Secretary
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Sir Nigel Knowles
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 DWF Group plc
b) Legal Entity Identifier 213800O9QREOHTOGQ266
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 GBP0.01
type of instrument each
Identification code ISIN: GB00BJMD6M39
b) Nature of the transaction Grant of conditional
awards over such number
of Ordinary Shares of
1p each under the EIP
and DBP
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
nil 819,346
nil 130,300
e) Aggregated information n/a
- Aggregated volume
- Aggregated Price
- Aggregated Total
f) Date of the transaction 2021-08-16
g) Place of the transaction Outside of a trading
venue
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Chris Stefani
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 DWF Group plc
b) Legal Entity Identifier 213800O9QREOHTOGQ266
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 GBP0.01
type of instrument each
Identification code ISIN: GB00BJMD6M39
b) Nature of the transaction Grant of conditional
awards over such number
of Ordinary Shares of
1p each under the EIP
and DBP
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
nil 353,356
nil 130,300
e) Aggregated information n/a
- Aggregated volume
- Aggregated Price
- Aggregated Total
f) Date of the transaction 2021-08-16
g) Place of the transaction Outside of a trading
venue
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Matthew Doughty
2 Reason for the notification
a) Position/status Group Chief Operating
Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name DWF Group plc
b) Legal Entity Identifier 213800O9QREOHTOGQ266
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 GBP0.01
type of instrument each
Identification code ISIN: GB00BJMD6M39
b) Nature of the transaction Grant of conditional
awards over such number
of Ordinary Shares of
1p each under the EIP
and DBP
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
nil 331,272
nil 130,299
e) Aggregated information n/a
- Aggregated volume
- Aggregated Price
- Aggregated Total
f) Date of the transaction 2021-08-16
g) Place of the transaction Outside of a trading
venue
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Michele Cicchetti
2 Reason for the notification
a) Position/status Partner Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name DWF Group plc
b) Legal Entity Identifier 213800O9QREOHTOGQ266
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 GBP0.01
type of instrument each
Identification code ISIN: GB00BJMD6M39
b) Nature of the transaction Grant of conditional
awards over such number
of Ordinary Shares of
1p each under the DBP
c) Currency GBP
d) Price(s) and volume(s) Price(s) Volume(s)
nil 56,349
e) Aggregated information n/a
- Aggregated volume
- Aggregated Price
- Aggregated Total
f) Date of the transaction 2021-08-16
g) Place of the transaction Outside of a trading
venue
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