PDMR grant of EIP share options

RNS Number : 8632W

AJ Bell PLC

13 December 2019

 

13 December 2019

AJ Bell plc

("AJ Bell", the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

On 12 December 2019, AJ Bell granted annual and deferred awards over the Company's ordinary shares of £0.000125 each (Ordinary Shares) 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 2020.

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	90,103	135,154
2.	Michael Summersgill	Chief Financial Officer	33,741	50,611
3.	Fergus Lyons	AJ Bell Investcentre Managing Director	23,924	15,949
4.	Charles Galbraith	AJ Bell Youinvest Managing Director	22,636	15,090
5.	Roger Stott	Group Finance Director	11,983	7,989
6.	Louis Petherick	Chief Risk Officer	8,017	5,344
7.	Bruce Robinson	Group Legal Services Director and Company Secretary	5,521	3,680
8.	Mohamed Tagari	Chief Technology Officer	20,760	36,284

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 2020.

b)   the deferred awards will, subject to the satisfaction of the performance conditions, normally vest on 30 September 2023.

c)   both the annual awards and the deferred awards will be subject to a holding period which expires on 30 September 2024, 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, Bruce Robinson and Mohamed Tagari:

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 2020.

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, ordinarily, remain exercisable until the day before the tenth anniversary of the date of grant.

In the case of the awards made to Andrew Bell and Fergus Lyons, as they are members of a concert party in relation to the Company, the awards were made conditional upon the independent shareholders of the Company passing an ordinary resolution approving the grant of a waiver under rule 9 of the Takeover Code at the annual general meeting of the Company which is due to be held on 22 January 2020 (or any adjournment of that meeting). If that resolution is not passed, their awards will lapse.

For further information, please contact:

AJ Bell plc

Bruce Robinson, Company Secretary                                                     [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 Bell
2.	Reason for the notification
a)	Position/status	Chief Executive Officer/PDMR
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 2020; 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 2023.
c)	Price(s) and volume(s)	Type of award Price(s) Volume(s) Annual award £0.000125 90,103 Deferred award £0.000125 135,154
d)	Aggregated information Aggregated volume price	Not applicable single transaction
e)	Date of the transaction	12 December 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/PDMR
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 2020; 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 2023.
c)	Price(s) and volume(s)	Type of award Price(s) Volume(s) Annual award £0.000125 33,741 Deferred award £0.000125 50,611
d)	Aggregated information Aggregated volume Price	Not applicable single transaction
e)	Date of the transaction	12 December 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/PDMR
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 2020; 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 23,924 Deferred award £0.000125 15,949
d)	Aggregated information Aggregated volume Price	Not applicable single transaction
e)	Date of the transaction	12 December 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/PDMR
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 2020; 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 22,636 Deferred award £0.000125 15,090
d)	Aggregated information Aggregated volume Price	Not applicable single transaction
e)	Date of the transaction	12 December 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/PDMR
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 2020; 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 11,983 Deferred award £0.000125 7,989
d)	Aggregated information Aggregated volume Price	Not applicable single transaction
e)	Date of the transaction	12 December 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/PDMR
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 2020; 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 8,017 Deferred award £0.000125 5,344
d)	Aggregated information Aggregated volume Price	Not applicable single transaction
e)	Date of the transaction	12 December 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/PDMR
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 2020; 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 5,521 Deferred award £0.000125 3,680
d)	Aggregated information Aggregated volume Price	Not applicable single transaction
e)	Date of the transaction	12 December 2019
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Mohamed Tagari
2.	Reason for the notification
a)	Position/status	Chief Technology Officer/PDMR
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 2020; 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 20,760 Deferred award £0.000125 36,284
d)	Aggregated information Aggregated volume Price	Not applicable single transaction
e)	Date of the transaction	12 December 2019
f)	Place of the transaction	Outside a trading venue

 

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