DJ Daily Mail and General Trust plc: Director/PDMR Shareholding
Daily Mail and General Trust plc (DMGT)
Daily Mail and General Trust plc: Director/PDMR Shareholding
21-Jun-2019 / 16:31 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
The information set out below is provided in accordance with the requirements of
Article 19(3) of the EU Market Abuse Regulation No 596/2014.
The Company today confirms long term awards under the DMGT Long Term Executive
Incentive Plan 2017 as outlined in our Remuneration Policy and in the Company's
2018 Annual Report.
The outcome will be delivered in A Ordinary non-voting shares upon vesting at
the end of FY 2021, calculated by reference to a share price of GBP6.29 (the
average share price for the first 3 days following the release of FY 2018
results).
The outcome for each participant is subject to a maximum. Awards would only vest
at the maximum level were a highly exceptional level of performance to be met.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Lord Rothermere
2 Reason for the notification
a) Position/status Chairman
b) Initial Initial notification
notification/Amendm
ent
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
financial
instrument, type of
instrument
GB00BJQZCXXX
Identification code
b) Nature of the Grant of award under the Daily Mail and General Trust
transaction Long Term Executive Incentive Plan 2017. The Award is
subject to continued service and performance conditions,
the value of which will be delivered in A Ordinary
non-voting shares upon vesting calculated by reference
to the share price as at the start of the performance
period of GBP6.29.
c) Price(s) and
volume(s)
Price(s) Volume(s)
GBP0 Such number of A Ordinary non-voting shares,
based on a share price of GBP6.29, being a
percentage of the eligible profit before tax,
including a charge for capital used, over the
3 years to 30 September 2021:
· 0.64% in excess of a minimum threshold but
below target; and
· 2.57% of the eligible profit above target
before tax
Subject to a maximum of 613,831 shares.
d) Aggregated Not applicable, single transaction.
information
- Aggregated volume
- Price
e) Date of the 21 June 2019
transaction
f) Place of the London Stock Exchange (XLON)
transaction
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Paul Zwillenberg
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial Initial notification
notification/Amendm
ent
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
financial
instrument, type of
instrument
GB00BJQZCXXX
Identification code
b) Nature of the Grant of award under the Daily Mail and General Trust
transaction Long Term Executive Incentive Plan 2017. The Award is
subject to continued service and performance conditions,
the value of which will be delivered in A Ordinary
non-voting shares upon vesting calculated by reference
to the share price as at the start of the performance
period of GBP6.29.
c) Price(s) and
volume(s)
Price(s) Volume(s)
GBP0 Such number of A Ordinary non-voting shares,
based on a share price of GBP6.29, being a
percentage of the eligible profit before tax,
including a charge for capital used, over the
3 years to 30 September 2021:
· 0.64% in excess of a minimum threshold but
below target; and
· 2.56% of the eligible profit above target
before tax
Subject to a maximum of 611,287 shares.
d) Aggregated Not applicable, single transaction.
information
- Aggregated volume
- Price
e) Date of the 21 June 2019
transaction
f) Place of the London Stock Exchange (XLON)
transaction
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Timothy Collier
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial Initial notification
notification/Amendm
ent
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
financial
instrument, type of
instrument
GB00BJQZCXXX
Identification code
b) Nature of the Grant of award under the Daily Mail and General Trust
transaction Long Term Executive Incentive Plan 2017. The Award is
subject to continued service and performance conditions,
the value of which will be delivered in A Ordinary
non-voting shares upon vesting calculated by reference
to the share price as at the start of the performance
period of GBP6.29.
c) Price(s) and
volume(s)
Price(s) Volume(s)
GBP0 Such number of A Ordinary non-voting shares,
based on a share price of GBP6.29, being a
percentage of the eligible profit before tax,
including a charge for capital used, over the
3 years to 30 September 2021:
· 0.38% in excess of a minimum threshold but
below target; and
· 1.54% of the eligible profit above target
before tax
Subject to a maximum of 366,653 shares.
d) Aggregated Not applicable, single transaction.
information
- Aggregated volume
- Price
e) Date of the 21 June 2019
transaction
f) Place of the London Stock Exchange (XLON)
transaction
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Kevin Beatty
2 Reason for the notification
a) Position/status Executive Director
b) Initial Initial notification
notification/Amendm
ent
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
financial
instrument, type of
instrument
GB00BJQZCXXX
Identification code
b) Nature of the Grant of award under the Daily Mail and General Trust
transaction Long Term Executive Incentive Plan 2017. The Award is
subject to continued service and performance conditions,
the value of which will be delivered in A Ordinary
non-voting shares upon vesting calculated by reference
to the share price as at the start of the performance
period of GBP6.29.
c) Price(s) and
volume(s)
Price(s) Volume(s)
GBP0 Such number of A Ordinary non-voting shares,
based on a share price of GBP6.29, being a
(MORE TO FOLLOW) Dow Jones Newswires
June 21, 2019 11:32 ET (15:32 GMT)
percentage of the eligible profit before tax,
including a charge for capital used, over the
3 years to 30 September 2021:
· 0.38% in excess of a minimum threshold but
below target; and
· 1.53% of the eligible profit above target
before tax
Subject to a maximum of 363,672 shares.
d) Aggregated Not applicable, single transaction.
information
- Aggregated volume
- Price
e) Date of the 21 June 2019
transaction
f) Place of the London Stock Exchange (XLON)
transaction
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Ravinder Chandhok
2 Reason for the notification
a) Position/status Chief Technology Officer
b) Initial Initial notification
notification/Amendm
ent
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
financial
instrument, type of
instrument
GB00BJQZCXXX
Identification code
b) Nature of the Grant of award under the Daily Mail and General Trust
transaction Long Term Executive Incentive Plan 2017. The Award is
subject to continued service and performance conditions,
the value of which will be delivered in A Ordinary
non-voting shares upon vesting calculated by reference
to the share price as at the start of the performance
period of GBP6.29.
c) Price(s) and
volume(s)
Price(s) Volume(s)
GBP0 Such number of A Ordinary non-voting shares,
based on a share price of GBP6.29, being a
percentage of the eligible profit before tax,
including a charge for capital used, over the
3 years to 30 September 2021:
· 0.46% in excess of a minimum threshold but
below target; and
· 0.93% of the eligible profit above target
before tax
Subject to a maximum of 265,896 shares.
d) Aggregated Not applicable, single transaction.
information
- Aggregated volume
- Price
e) Date of the 21 June 2019
transaction
f) Place of the London Stock Exchange (XLON)
transaction
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name James Lindsay
2 Reason for the notification
a) Position/status Director of Group Finance
b) Initial Initial notification
notification/Amendm
ent
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
financial
instrument, type of
instrument
GB00BJQZCXXX
Identification code
b) Nature of the Grant of award under the Daily Mail and General Trust
transaction Long Term Executive Incentive Plan 2017. The Award is
subject to continued service and performance conditions,
the value of which will be delivered in A Ordinary
non-voting shares upon vesting calculated by reference
to the share price as at the start of the performance
period of GBP6.29.
c) Price(s) and
volume(s)
Price(s) Volume(s)
GBP0 Such number of A Ordinary non-voting shares,
based on a share price of GBP6.29, being a
percentage of the eligible profit before tax,
including a charge for capital used, over the
3 years to 30 September 2021:
· 0.10% in excess of a minimum threshold but
below target; and
· 0.20% of the eligible profit above target
before tax
Subject to a maximum of 57,233 shares.
d) Aggregated Not applicable, single transaction.
information
- Aggregated volume
- Price
e) Date of the 21 June 2019
transaction
f) Place of the London Stock Exchange (XLON)
transaction
Name of officer responsible for making notification: Fran Sallas, Company
Secretary DMGT, 0203 615 2904
ISIN: GB00BJQZCXXX
Category Code: DSH
TIDM: DMGT
LEI Code: 4OFD47D73QFJ1T1MOF29
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 11009
EQS News ID: 829007
End of Announcement EQS News Service
(END) Dow Jones Newswires
June 21, 2019 11:32 ET (15:32 GMT)
© 2019 Dow Jones News
