Director/PDMR Shareholding

RNS Number : 8784F

Aston Martin Lagonda Glob.Hldgs PLC

09 November 2022

 

9 November 2022

Aston Martin Lagonda Global Holdings plc

Notification of transactions by Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

Aston Martin Lagonda Global Holdings plc (the "Company") announces the following changes in the interests of Directors in the Ordinary Shares in the Company ("Shares"), which took place on 8 November 2022.

Buy-out Share Award

On 8 November 2022, Doug Lafferty (Chief Financial Officer) was granted 659,113 Shares for nil-consideration, the "Buy-out Share Award".

The Buy-out Share Award vested immediately and was settled partly with 349,329 Shares and partly with cash (with the cash element being paid to HMRC to satisfy the income tax and National Insurance due on the award).

Doug is required to retain at least 75% of the 349,329 Shares he received, in accordance with the Company's Executive Directors' shareholding guidelines.

In order to secure Mr Lafferty's appointment and to allow him to join the Company at the earliest opportunity (and as disclosed both on appointment and in the 2021 Directors' Remuneration Report), the Remuneration Committee agreed to buy out awards that Doug forfeited on leaving his previous employer. This buy-out share award compensates Doug for an LTIP award at his previous employer which he forfeited by joining Aston Martin. This Buy-out Share Award was structured to reflect the actual outcome (determined by the previous employer) of the forfeited LTIP award and will be disclosed in full in the 2022 Directors' Remuneration Report.

The Buy-out Share Award is subject to clawback provisions and Doug will be required to repay the award if he resigns or his employment is terminated for cause within 12 months of the award date.

Enquiries:

Investors and Analysts Sherief Bakr, Director of Investor Relations	[phone] [e-mail]
Media Kevin Watters, Director of Communications	[phone] [e-mail]
Grace Barnie, Corporate Communications Manager	[phone] [e-mail]
Tulchan Communications Harry Cameron and Simon Pilkington	[phone]

Notification of transactions by Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Doug Lafferty
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	Aston Martin Lagonda Global Holdings plc
b)	LEI	213800167WOVOK5ZC776
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 instrument, type of instrument Identification code	Ordinary Shares (ISIN:  GB00BN7CG237)
b)	Nature of the transaction	Grant of Buy-out Award
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 659,113
d)	Aggregated information - Aggregated volume - Price	659,113 £0
e)	Date of the transaction	8 November 2022
f)	Place of the transaction	Outside a trading venue
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 instrument, type of instrument Identification code	Ordinary Shares (ISIN:  GB00BN7CG237)
b)	Nature of the transaction	Vesting of Buy-out Award - settled partly by way of Ordinary Shares and partly in cash
c)	Price(s) and volume(s)	Price(s) Volume(s) £0 349,329
d)	Aggregated information - Aggregated volume - Price	349,329 £0
e)	Date of the transaction	8 November 2022
f)	Place of the transaction	Outside a trading venue

 

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