Director/PDMR Shareholding

RNS Number : 5694N

AJ Bell PLC

21 January 2019

 

21 January 2019

AJ Bell plc

("AJ Bell" or  the "Company")

Director/PDMR Shareholding

On 18 January 2019, AJ Bell granted annual and deferred awards over the Company's ordinary shares of £0.000125 each to the following executive directors and senior managers, all of whom are PDMRs, under the AJ Bell Executive Incentive Plan ("EIP") in respect of bonuses for the year ending 30 September 2019.

Number	Name	Position of PDMR	Number of shares subject to annual award	Number of shares subject to deferred award
1.	Andrew Bell	Chief Executive Officer	220,312	330,469
2.	Michael Summersgill	Chief Financial Officer	82,500	123,750
3.	Fergus Lyons	AJ Bell Investcentre Managing Director	58,500	39,000
4.	Charles Galbraith	AJ Bell Youinvest Managing Director	55,349	36,899
5.	Roger Stott	Group Finance Director	29,301	19,534
6.	Louis Petherick	Chief Risk Officer	19,603	13,069
7.	Bruce Robinson	Group Legal Services Director and Company Secretary	13,500	9,000

No consideration was paid for the grant of the awards, which have been structured as nominal cost options. 

In the case of the Executive Directors, Andrew Bell and Michael Summersgill:

a)   the annual awards will normally vest once it has been determined if, and the extent to which, the performance conditions have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019.

b)   the deferred awards will, subject to the satisfaction of the performance conditions, normally vest on 30 September 2022.

c)   both the annual awards and the deferred awards will be subject to a holding period which expires on 30 September 2023, and will, ordinarily, remain exercisable until the day before the tenth anniversary of the date of grant.

In the case of the Senior Managers, Fergus Lyons, Charles Galbraith, Roger Stott, Louis Petherick  and Bruce Robinson:

a)   the annual awards will normally vest once it has been determined if, and the extent to which, the performance conditions have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019.

b)   the deferred awards will, subject to the satisfaction of the performance conditions, normally vest on 30 September 2021.

c)   both the annual awards and the deferred awards will, ordinarily, remain exercisable until the day before the tenth anniversary of the date of grant.

For further information, please contact:

AJ Bell plc

Bruce Robinson, Company Secretary                                                     [phone]

Shaun Yates, Head of Investor Relations                                                [phone] 

 

AJ Bell plc

Notification of person discharging managerial responsibilities/ person closely associated

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Andrew James Bell
2.	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/ Amendment	This is an initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	LEI	213800VNKA7DPWXWJJ36
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.000125 each
	Identification code	ISIN: GB00BFZNLB60
b)	Nature of the transaction	1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and 2.  Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2022.
c)	Price(s) and volume(s)	Type of award Price(s) Volume(s) Annual award £0.000125 220,3123 Deferred award £0.000125 330,469
d)	Aggregated information Aggregated volume price	Aggregated volume: 550,781 £68.85
e)	Date of the transaction	18 January 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Michael Summersgill
2.	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/ Amendment	This is an initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	LEI	213800VNKA7DPWXWJJ36
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.000125 each
	Identification code	ISIN: GB00BFZNLB60
b)	Nature of the transaction	1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and 2.  Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2022.
c)	Price(s) and volume(s)	Type of award Price(s) Volume(s) Annual award £0.000125 82,500 Deferred award £0.000125 123,750
d)	Aggregated information Aggregated volume Price	Aggregated volume: 206,250 £25.79
e)	Date of the transaction	18 January 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Fergus Lyons
2.	Reason for the notification
a)	Position/status	AJ Bell Investcentre Managing Director
b)	Initial notification/ Amendment	This is an initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	LEI	213800VNKA7DPWXWJJ36
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.000125 each
	Identification code	ISIN: GB00BFZNLB60
b)	Nature of the transaction	1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and 2.   Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2021.
c)	Price(s) and volume(s)	Type of award Price(s) Volume(s) Annual award £0.000125 58,500 Deferred award £0.000125 39,000
d)	Aggregated information Aggregated volume Price	Aggregated volume: 97,500 £12.19
e)	Date of the transaction	18 January 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Charles Galbraith
2.	Reason for the notification
a)	Position/status	AJ Bell Youinvest Managing Director
b)	Initial notification/ Amendment	This is an initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	LEI	213800VNKA7DPWXWJJ36
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.000125 each
	Identification code	ISIN: GB00BFZNLB60
b)	Nature of the transaction	1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and 2.   Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2021.
c)	Price(s) and volume(s)	Type of award Price(s) Volume(s) Annual award £0.000125 55,349 Deferred award £0.000125 36,899
d)	Aggregated information Aggregated volume Price	Aggregated volume: 92,248 £11.54
e)	Date of the transaction	18 January 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Roger Stott
2.	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification/ Amendment	This is an initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	LEI	213800VNKA7DPWXWJJ36
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.000125 each
	Identification code	ISIN: GB00BFZNLB60
b)	Nature of the transaction	1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and 2.   Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2021.
c)	Price(s) and volume(s)	Type of award Price(s) Volume(s) Annual award £0.000125 29,301 Deferred award £0.000125 19,534
d)	Aggregated information Aggregated volume Price	Aggregated volume: 48,835 £6.11
e)	Date of the transaction	18 January 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Louis Petherick
2.	Reason for the notification
a)	Position/status	Chief Risk Officer
b)	Initial notification/ Amendment	This is an initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	LEI	213800VNKA7DPWXWJJ36
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.000125 each
	Identification code	ISIN: GB00BFZNLB60
b)	Nature of the transaction	1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and 2.   Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2021.
c)	Price(s) and volume(s)	Type of award Price(s) Volume(s) Annual award £0.000125 19,603 Deferred award £0.000125 13,069
d)	Aggregated information Aggregated volume Price	Aggregated volume: 32,672 £4.09
e)	Date of the transaction	18 January 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Bruce Robinson
2.	Reason for the notification
a)	Position/status	Group Legal Services Director and Company Secretary
b)	Initial notification/ Amendment	This is an initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	LEI	213800VNKA7DPWXWJJ36
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.000125 each
	Identification code	ISIN: GB00BFZNLB60
b)	Nature of the transaction	1.  Grant of an Annual Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest once it has been determined if, and the extent to which, the performance conditions set for the Award have been satisfied, which will ordinarily be within 75 days of the end of the performance period on 30 September 2019; and 2.  Grant of a Deferred Award under the Executive Incentive Plan. The Award is structured as a nominal cost option which will ordinarily vest if, and the extent to which, the performance conditions set for the Award have been satisfied, on 30 September 2021.
c)	Price(s) and volume(s)	Type of award Price(s) Volume(s) Annual award £0.000125 13,500 Deferred award £0.000125 9,000
d)	Aggregated information Aggregated volume Price	Aggregated volume: 22,500 £2.82
e)	Date of the transaction	18 January 2019
f)	Place of the transaction	Outside a trading venue

 

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