Daily Mail and General Trust plc (DMGT)
Daily Mail and General Trust plc: Director/PDMR Shareholding
28-May-2020 / 16:19 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 awards under the DMGT Long Term Executive
Incentive Plan 2017 in accordance with the Remuneration Policy as set out in
the Company's 2019 Annual Report.
A salary substitution plan has been introduced across Consumer Media,
Landmark and the Corporate centre to replace a portion of the April to June
2020 salary of higher earners with equity in DMGT. While the cost
implications are not material, this action will support the Group's cash
generation and the scheme will help align employees' and shareholders'
interests. DMGT has not taken any government financial support.
Awards under the salary substitution plan will vest on 29 January 2021 and
are either in the form of forfeitable A Ordinary Non-Voting shares or
conditional share awards over A Ordinary Non-Voting shares. For both types
of awards, the number of A Ordinary Non-Voting shares was calculated by
reference to a share price of GBP6.69 (the average share price for the 3 days:
6 April to 8 April inclusive).
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/Amendment
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 financial A Ordinary Non-Voting Shares of
instrument, type of 12.5 pence each
instrument
Identification code GB00BJQZC279
b) Nature of the transaction Grant of award under the Daily
Mail and General Trust Long
Term Executive Incentive Plan
2017. The Award is in the form
of forfeitable A Ordinary
Non-Voting shares that are
subject to continued service
until vesting. The number of
shares granted was calculated
by reference to the average
share price for the 3 days 6
April to 8 April inclusive of
GBP6.69.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP0.00 10,800 shares
d) Aggregated information Not applicable, single
transaction.
- Aggregated volume
- Price
e) Date of the transaction 28 May 2020
f) Place of the transaction London Stock Exchange (XLON)
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/Amendment
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 financial A Ordinary Non-Voting Shares of
instrument, type of 12.5 pence each
instrument
Identification code GB00BJQZC279
b) Nature of the transaction Grant of award under the Daily
Mail and General Trust Long
Term Executive Incentive Plan
2017. The Award is in the form
of forfeitable A Ordinary
Non-Voting shares that are
subject to continued service
until vesting. The number of
shares granted was calculated
by reference to the average
share price for the 3 days 6
April to 8 April inclusive of
GBP6.69.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP0.00 9,171 shares
d) Aggregated information Not applicable, single
transaction.
- Aggregated volume
- Price
e) Date of the transaction 28 May 2020
f) Place of the transaction London Stock Exchange (XLON)
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/Amendment
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 financial A Ordinary Non-Voting Shares of
instrument, type of 12.5 pence each
instrument
Identification code GB00BJQZC279
b) Nature of the transaction Grant of award under the Daily
Mail and General Trust Long
Term Executive Incentive Plan
2017. The Award is in the form
of forfeitable A Ordinary
Non-Voting shares that are
subject to continued service
until vesting. The number of
shares granted was calculated
by reference to the average
share price for the 3 days 6
April to 8 April inclusive of
GBP6.69.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP0.00 5,833 shares
d) Aggregated information Not applicable, single
transaction.
- Aggregated volume
- Price
e) Date of the transaction 28 May 2020
f) Place of the transaction London Stock Exchange (XLON)
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/Amendment
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 financial A Ordinary Non-Voting Shares of
instrument, type of 12.5 pence each
instrument
Identification code GB00BJQZC279
b) Nature of the transaction Grant of award under the Daily
Mail and General Trust Long
Term Executive Incentive Plan
2017. The Award is in the form
of forfeitable A Ordinary
Non-Voting shares that are
subject to continued service
until vesting. The number of
shares granted was calculated
by reference to the average
share price for the 3 days 6
April to 8 April inclusive of
GBP6.69.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP0.00 11,222 shares
d) Aggregated information Not applicable, single
transaction.
- Aggregated volume
- Price
(MORE TO FOLLOW) Dow Jones Newswires
May 28, 2020 11:19 ET (15:19 GMT)
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