TIDMRFX

RNS Number : 6908O

Ramsdens Holdings PLC

11 February 2021

Ramsdens Holdings PLC

("Ramsdens" or the "Company")

Director/PDMR transaction notification

Ramsdens, the diversified financial services provider and retailer, announces that on 8 February 2021, the following conditional awards were granted over 1p ordinary shares in the capital of the Company under the Ramsdens Long Term Incentive Plan ("LTIP").

 
Executives       Role                                Number of LTIP shares awarded 
Peter Kenyon     CEO (Director)                      120,000 
Martin Clyburn   CFO (Director)                      80,000 
                 Operations Director of trading 
Mike Johnson      subsidiary (PDMR)                  60,000 
                 IT Director of trading subsidiary 
Jason Carr        (PDMR)                             20,000 
 

The intention to grant the conditional awards was disclosed in Ramsdens' 2020 Annual Report and Accounts, published on the 18 December 2020.

The LTIP awards for the Directors and PDMRs will vest in 2023 in accordance with the plan rules and are subject to the achievement of performance targets, with 50% of any award based on growing the Earnings per Share and 50% of any award based on the delivery of the Total Shareholder Return.

These targets will be measured over a three-year period of the three financial years to 31(st) March 2023. The amounts shown above represent the maximum amount of shares that could be awarded to the executive team should the performance targets be achieved.

A further 17 members of the senior management team have been granted conditional awards as part of the Company's remuneration strategy to align the senior team with its shareholders and longer-term objectives.

The below notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                         Peter Kenyon 
     ---------------------------  ------------------------------------------ 
 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                         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                  Ordinary shares of GBP0.01 in Ramsdens 
       of the financial             Holdings PLC 
       instrument, 
       type of instrument 
 
       Identification               ISIN: GB00BDR6V192 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of                    Grant of LTIP award under Ramsdens Long 
       the transaction              Term Incentive Plan. 
     ---------------------------  ------------------------------------------ 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s) 
                                       N/A         120,000 
                                                 ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated 
       information 
 
        *    Aggregated volume       N/A 
 
 
 
        *    Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the                  8 February 2021 
       transaction 
     ---------------------------  ------------------------------------------ 
 f)   Place of                     Outside a trading venue 
       the transaction 
     ---------------------------  ------------------------------------------ 
 
 
 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/        Initial Notification 
       Amendment 
     ---------------------------  ------------------------------------------ 
 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                  Ordinary shares of GBP0.01 in Ramsdens 
       of the financial             Holdings PLC 
       instrument, 
       type of instrument 
 
       Identification               ISIN: GB00BDR6V192 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of                    Grant of LTIP award under Ramsdens Long 
       the transaction              Term Incentive Plan. 
     ---------------------------  ------------------------------------------ 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s) 
                                       N/A         80,000 
                                                 ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated 
       information 
 
        *    Aggregated volume       N/A 
 
 
 
        *    Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the                  8 February 2021 
       transaction 
     ---------------------------  ------------------------------------------ 
 f)   Place of                     Outside a trading venue 
       the transaction 
     ---------------------------  ------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                         Michael Johnson 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              PDMR 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification/        Initial Notification 
       Amendment 
     ---------------------------  ------------------------------------------ 
 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                  Ordinary shares of GBP0.01 in Ramsdens 
       of the financial             Holdings PLC 
       instrument, 
       type of instrument 
 
       Identification               ISIN: GB00BDR6V192 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of                    Grant of LTIP award under Ramsdens Long 
       the transaction              Term Incentive Plan. 
     ---------------------------  ------------------------------------------ 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s) 
                                       N/A         60,000 
                                                 ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated 
       information 
 
        *    Aggregated volume       N/A 
 
 
 
        *    Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the                  8 February 2021 
       transaction 
     ---------------------------  ------------------------------------------ 
 f)   Place of                     Outside a trading venue 
       the transaction 
     ---------------------------  ------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                         Jason Carr 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              PDMR 
     ---------------------------  ------------------------------------------ 
 b)   Initial notification/        Initial Notification 
       Amendment 
     ---------------------------  ------------------------------------------ 
 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                  Ordinary shares of GBP0.01 in Ramsdens 
       of the financial             Holdings PLC 
       instrument, 
       type of instrument 
 
       Identification               ISIN: GB00BDR6V192 
       code 
     ---------------------------  ------------------------------------------ 
 b)   Nature of                    Grant of LTIP award under Ramsdens Long 
       the transaction              Term Incentive Plan. 
     ---------------------------  ------------------------------------------ 
 c)   Price(s)                       Price(s)    Volume(s) 
       and volume(s) 
                                       N/A         20.000 
                                                 ---------- 
     ---------------------------  ------------------------------------------ 
 d)   Aggregated 
       information 
 
        *    Aggregated volume       N/A 
 
 
 
        *    Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the                  8 February 
       transaction 
     ---------------------------  ------------------------------------------ 
 f)   Place of                     Outside a trading venue 
       the transaction 
     ---------------------------  ------------------------------------------ 
 

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

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END

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February 11, 2021 02:00 ET (07:00 GMT)

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