Euromoney Institutional InvestorPLC Director/PDMR Shareholding (1202V)
09 Diciembre 2021 - 2:58AM
UK Regulatory
TIDMERM
RNS Number : 1202V
Euromoney Institutional InvestorPLC
09 December 2021
EUROMONEY INSTITUTIONAL INVESTOR PLC
NOTIFICATION OF TRANSACTIONS BY PDMRs
GRANT OF SHARE OPTIONS
9 December 2021
Euromoney Institutional Investor PLC (the "Company") announces
that on 6 December 2021 share awards (the "Awards") in the form of
conditional share awards or nil-cost options over Ordinary shares
in the Company ("Shares") were granted to the following persons
discharging managerial responsibilities ("PDMRs") in the Company
under the Performance Share Plan ("PSP") and the Deferred Bonus
Plan ("DBP") as follows:
Name Position Award of Shares Award of Shares T otal
under the PSP(1) under the DBP(1)
Andrew Rashbass CEO 155,925 35,911 191,836
---------- ------------------ ------------------ --------
Wendy Pallot CFO 60,810 7,213 68,023
---------- ------------------ ------------------ --------
For the PSP and the DBP, the share price used to determine the
number of Shares awarded was the average of the middle market
quotations of an Ordinary Share as derived from the Daily Official
List for the five dealing days preceding the date of grant.
Awards under the PSP
The number of Shares which may vest on 6 December 2026 (being 5
years after the grant) under the PSP are subject to the rules of
the PSP approved by the Remuneration Committee and will depend on
the extent to which performance measures are satisfied over a
three-year period from 1 October 2021 and ending on 30 September
2024. A two-year holding period applies in addition to the
three-year performance period.
The performance targets are set out in the following table:
Performance measure Weighting Threshold performance Maximum performance
(25% of the award (100% of the award
will vest) will vest)
Total Shareholder 30% Median Upper quartile
Return(2)
---------- ---------------------- --------------------
Group adjusted
diluted EPS 40% 52.6p 69.2p
---------- ---------------------- --------------------
Group underlying 30% 3% average annual 9% average annual
revenue growth growth rate growth rate
---------- ---------------------- --------------------
For each performance measure, no vesting will occur if
performance is below threshold and vesting occurs on a
straight-line basis between threshold and maximum.
The Remuneration Committee will closely monitor the performance
measures and will exercise its discretion as appropriate to ensure
that the final outcomes are warranted based on Company performance
in order to avoid windfall gains.
Awards under the DBP
Annual bonus awards for Executive Director above 100% of base
salary are required to be deferred into Shares for two years.
The number of Shares which may vest on 6 December 2023 (being
two years after the grant) are subject to the rules of the DBP as
approved by the Remuneration Committee.
In accordance with the UK Market Abuse Regulations the relevant
Financial Conduct Authority notifications are set out below.
1. Details of the person discharging managerial responsibilities/
person closely associated
a) Name Andrew Rashbass
-------------------------- -------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- -------------------------------------------------
b) Initial notification/ Initial notification
amendment
-------------------------- -------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Euromoney Institutional Investor PLC
-------------------------- -------------------------------------------------
b) LEI 213800PZU2RGHMHE2S67
-------------------------- -------------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; (iv) each place where transactions have
been conducted
-----------------------------------------------------------------------------
a) Description of Ordinary shares of 0.25 pence each
the financial
instrument, type
of instrument
-------------------------- -------------------------------------------------
Identification GB0006886666
code
-------------------------- -------------------------------------------------
b) Nature of the A conditional award or nil-cost option
transaction over Ordinary shares of Euromoney Institutional
Investor PLC granted under the Company's
Performance Share Plan and Deferred Bonus
Plan on 6 December 2021
-------------------------- -------------------------------------------------
c) Price(s), volume(s) Price(s) Volume(s)
Nil 191,836
----------
-------------------------- -------------------------------------------------
Aggregated information
d) * Aggregated volume 191,836
-------------------------- -------------------------------------------------
Nil
* Price
------------------------------- -------------------------------------------------
e) Date of the transaction 6 December 2021
-------------------------- -------------------------------------------------
f) Place of the Outside a trading venue
transaction
-------------------------- -------------------------------------------------
1. Details of the person discharging managerial responsibilities/
person closely associated
a) Name Wendy Pallot
-------------------------- -------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- -------------------------------------------------
b) Initial notification/ Initial notification
amendment
-------------------------- -------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Euromoney Institutional Investor PLC
-------------------------- -------------------------------------------------
b) LEI 213800PZU2RGHMHE2S67
-------------------------- -------------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; (iv) each place where transactions have
been conducted
-----------------------------------------------------------------------------
a) Description of Ordinary shares of 0.25 pence each
the financial
instrument, type
of instrument
-------------------------- -------------------------------------------------
Identification GB0006886666
code
-------------------------- -------------------------------------------------
b) Nature of the A conditional award or nil-cost option
transaction over Ordinary shares of Euromoney Institutional
Investor PLC granted under the Company's
Performance Share Plan and Deferred Bonus
Plan on 6 December 2021
-------------------------- -------------------------------------------------
c) Price(s), volume(s) Price(s) Volume(s)
Nil 68,023
----------
-------------------------- -------------------------------------------------
Aggregated information
d) * Aggregated volume 68,023
-------------------------- -------------------------------------------------
Nil
* Price
------------------------------- -------------------------------------------------
e) Date of the transaction 6 December 2021
-------------------------- -------------------------------------------------
f) Place of the Outside a trading venue
transaction
-------------------------- -------------------------------------------------
Ends
Any queries in relation to this announcement should be made
to:
Tim Bratton, General Counsel & Company Secretary: +44 20
7779 8288; tim.bratton@euromoneyplc.com
About Euromoney Institutional Investor PLC
Euromoney Institutional Investor PLC ("Euromoney") is a global
B2B information-services business. We provide actionable data,
analysis, intelligence and access through three divisions in
markets where information and convening market participants are
valued. Euromoney is listed on the London Stock Exchange and is a
member of the FTSE 250 share index. (euromoneyplc.com)
LEI number: 213800PZU2RGHMHE2S67
1 Reflects the maximum number of Shares which may vest subject
to the rules of the relevant plan.
2 Relative to a comparator group of FTSE 250 companies excluding
investment trusts. The starting and ending share prices are
averaged over three months (i.e. the three-months ending 30
September 2021 and 30 September 2024) with dividends over the
performance period reinvested.
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