Director/PDMR Shareholding

Director/PDMR Shareholding

Next Fifteen Communications Plc

Next Fifteen Communications Group plc

("Next 15" or "the Group")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

The Company announces that on Friday 26 April 2019 the following performance share awards (“Awards”) over ordinary shares of 2.5 pence each in the capital of the Company (“Ordinary Shares”) were granted under the Company’s share plans to persons discharging managerial responsibilities ("PDMR"):

PDMR		Plan		No. of Ordinary Shares subject to Award
Tim Dyson		Next 15 Long Term Incentive Plan (approved)		127,562
Peter Harris		Next 15 Long Term Incentive Plan (approved)		58,847
Tim Dyson		Share Award Agreement (unapproved)		658

The above awards will vest in annual tranches over the five-year performance period, subject to satisfaction of performance conditions and continued employment.

Vested tranches may be released after (i) year 3 of the performance period (in respect of tranches vesting for years 1 to 3) and (ii) year 5 of the performance period (in respect of tranches vesting for years 4 and 5. Up to 70% of the vesting depends on adjusted diluted EPS performance and 30% on other financial KPIs. KPI metrics are measured annually and are set at the start of the 5-year period for years 1, 2 and 3 and in year 2 for years 4 and 5.

Holding periods apply such that vested awards will be held until the full five-year cycle of the plan has completed.

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation. Details of the full notifications received by the Company are set out below.

Enquiries:

Next Fifteen Communications Group plc

Nick Lee Morrison, General Counsel and Company Secretary

[phone]

Numis

Nick Westlake, Mark Lander, Hugo Rubinstein

[phone]

1.		Details of PDMR / person closely associated with them ("PCA")
a)		Name		Tim Dyson
2. Reason for the notification
a)		Position/ status		Chief Executive Officer
b)		Initial notification / amendment		Initial notification
3.		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name		Next Fifteen Group Communications PLC
b)		LEI:		213800BK9MBUZUUPMZ63
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 the transactions have been conducted.
a)		Description of the financial instrument		Ordinary Shares of 2.5p ISIN: GB0030026057
b)		Nature of the transaction		Grant of share awards over Ordinary Shares under the Next Fifteen Communications Group PLC LTIP.
c)		Price(s) and volume(s)		Price(s) £nil Volume(s) 127,562
d)		Aggregated information Aggregated volume Price		Single transaction - Grant of performance share award over 127,562 Ordinary Shares at nil cost.
e)		Date of the transaction		26 April 2019
f)		Place of the transaction		Outside a trading venue.

1.		Details of PDMR / person closely associated with them ("PCA")
a)		Name				Peter Harris
2. Reason for the notification
a)		Position/ status				Chief Financial Officer
b)		Initial notification / amendment				Initial notification
3.		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name				Next Fifteen Group Communications PLC
b)		LEI:				213800BK9MBUZUUPMZ63
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 the transactions have been conducted.
a)		Description of the financial instrument				Ordinary Shares of 2.5p ISIN: GB0030026057
b)		Nature of the transaction				Grant of share awards over Ordinary Shares under the Next Fifteen Communications Group PLC LTIP.
c)		Price(s) and volume(s)				Price(s) £nil Volume(s) 58,847
d)		Aggregated information Aggregated volume Price				Single transaction - Grant of performance share award over 58,847 Ordinary Shares at nil cost.
e)		Date of the transaction				26 April 2019
f)		Place of the transaction				Outside a trading venue.

1.		Details of PDMR / person closely associated with them ("PCA")
a)		Name				Tim Dyson
2. Reason for the notification
a)		Position/ status				Chief Executive Officer
b)		Initial notification / amendment				Initial notification
3.		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name				Next Fifteen Group Communications PLC
b)		LEI:				213800BK9MBUZUUPMZ63
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 the transactions have been conducted.
a)		Description of the financial instrument				Ordinary Shares of 2.5p ISIN: GB0030026057
b)		Nature of the transaction				Grant of share awards over Ordinary Shares under the Next Fifteen Communications Group PLC Share Award Agreement.
c)		Price(s) and volume(s)				Price(s) £nil Volume(s) 658
d)		Aggregated information Aggregated volume Price				Single transaction - Grant of performance share award over 658 Ordinary Shares at nil cost.
e)		Date of the transaction				26 April 2019
f)		Place of the transaction				Outside a trading venue.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190429005514/en/