Pebble Group PLC (The) Grant of performance share awards (LTIP) to PDMRs (3575J)
21 Diciembre 2020 - 3:55AM
UK Regulatory
TIDMPEBB
RNS Number : 3575J
Pebble Group PLC (The)
21 December 2020
21 December 2020
The Pebble Group plc ("Company")
AIM: PEBB
Grant of performance share awards under 2019 Long Term Incentive
Plan (LTIP)
and
Notification of transactions by PDMRs
The Pebble Group, a leading provider of technology, services and
products to the global promotional products industry, announces
that on 21 December 2020 the Company made awards of 1,252,477 nil
cost options under The Pebble Group plc Long Term Incentive Plan
2019 ("Performance Shares"), including to certain Persons
Discharging Managerial Responsibilities ("PDMR") as detailed
below.
Director Number of awards
Christopher Lee 242,152
-----------------
Claire Thomson 179,372
-----------------
Louisa Hesketh 14,350
-----------------
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 Target
Up to 70% of the total LTIP awards will vest on the achievement
of total adjusted earnings per share ("EPS") for the three years
ending 30 June 2023 (the "Performance Condition Period"). The
actual targets are not being disclosed in advance as it is deemed
commercially sensitive but are considered by the Remuneration
Committee to have an appropriate level of challenge. They will be
disclosed in the 2020 Annual Report.
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 30 June 2023. The share price at the
start of this period was 105p.
Annualised TSR for the three Portion of Ordinary Shares vesting
year period to 30 June 2023 subject to TSR Target
Below 8.0% per annum No vesting
-----------------------------------
8.0% per annum 25%
-----------------------------------
11.5% per annum 60%
-----------------------------------
15% per annum 100%
-----------------------------------
The making of these awards at these levels and with these
performance condition types was set out in the Company's AIM
Admission Document published in December 2019. The awards were
postponed in the light of the COVID-19 crisis and further postponed
due to regulatory timing restrictions on share dealings.
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 Target 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
----------------------------------------- ------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
(a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
3. Group Financial Controller
----------------------------------------- ------------------------------------
(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
type of instrument pence each
Identification code ISIN GB00BK71XP16
PEBB.L
----------------------------------------- ------------------------------------
(b) Nature of the transaction Award of nil-cost options
pursuant to The Pebble
Group plc Long Term
Incentive Plan
----------------------------------------- ------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
1 NIL 242,152
2 NIL 179,372
3 NIL 14,350
----------------------------------------- ------------------------------------
(d) Aggregated information N/A
- Aggregated volume
- Price
----------------------------------------- ------------------------------------
(e) Date of the transaction 21 December 2020
----------------------------------------- ------------------------------------
(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) 161 786 0415
Grant Thornton UK LLP (Nominated Adviser)
Samantha Harrison / Harrison Clarke +44 (0) 20 7184 4384
Berenberg (Corporate Broker)
Chris Bowman / Simon Cardron / Arnav
Kapoor +44 (0) 20 3207 7800
Belvedere Communications (Financial thepebblegrouppr@belvederepr.com
PR) +44 (0) 7715 769 078
Cat Valentine +44 (0) 7967 816 525
Keeley Clarke +44 (0) 7407 023 147
Llew Angus
About The Pebble Group plc - www.thepebblegroup.com
The Pebble Group is a provider of technology, services and
products to the global promotional products industry, comprising
two differentiated businesses, focused on specific areas of the
promotional products market:
Brand Addition - www.brandaddition.com
The Group's promotional product merchandise business, Brand
Addition, is a leading provider of promotional products to global
brands. Brand Addition utilises its global network to source and
deliver complex and creative promotional product solutions to
support the marketing efforts of its multi-national clients, who
operate in sectors which include health & beauty, fast moving
consumer goods, transport, technology, banking & finance and
charity. Brand Addition's clients primarily comprise major global
brands under contract.
Facilisgroup - www.facilisgroup.com
The Group's SaaS business, Facilisgroup, provides
subscription-based services to SME promotional product distributors
(Partners) in the United States and Canada. Facilisgroup's suite of
services includes business intelligence software, buying power and
community events. Through its @ease proprietary software,
Facilisgroup offers a SaaS technology platform that enables its
network of Partners to improve order management, CRM and sales
analysis and reporting. Facilisgroup also provides its Partners
with access on favourable terms to a selected group of preferred
suppliers, by consolidating the purchasing power of its Partners.
This attracts rebates from suppliers, who in turn benefit from
efficient access to a network of high-quality distributors.
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END
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