PDMR Shareholdings and LTIP Awards

RNS Number : 7069H

Cenkos Securities PLC

07 April 2022

 

7 April 2022

Cenkos Securities plc

("Cenkos" or the "Company")

PDMR Shareholdings - Grant of Awards

 under the Cenkos Securities plc Long Term Incentive Plan

On 6 April 2022 Cenkos Securities plc made awards under the Company's Long Term Incentive Plan ("LTIP"). Under the LTIP award for 2022, a total of 1,560,000 nil cost options over Ordinary Shares in the Company ("Awards") have been awarded, of which 1,040,000 have been granted to a number of persons discharging managerial responsibilities ("PDMRs") within the Company.

Each Award (which is subject to malus and clawback provisions) is separated into three equal tranches that will (subject to the achievement of the applicable performance condition) vest on the third, fourth and fifth anniversaries of grant, respectively. The vesting of the Awards is conditional on meeting a total shareholder return ("TSR") growth measurement over a three, four and five year period as detailed below:

Tranche	Measurement Period	Performance Condition	Number of Awards that vest if the Performance Condition is satisfied
Tranche 1	1 January 2022 to 31 December 2024	Tranche 1 TSR Growth is equal to or greater than 50%	Fixed number at grant equal to 33.3% of total and rounded down to the nearest whole Award
Tranche 2	1 January 2022 to 31 December 2025	Tranche 2 TSR Growth is equal to or greater than 75%	Fixed number at grant equal to 33.3% of total and rounded down to the nearest whole Award
Tranche 3	1 January 2022 to 31 December 2026	Tranche 3 TSR Growth is equal to or greater than 100%	Balance of total Awards

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK version of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.

For further information, please contract:

Cenkos Securities plc

Julian Morse, Chief Executive Officer  Tel: [phone]

SPARK Advisory Partners Limited

Matt Davis, Nominated Adviser  Tel: [phone]

The Nisse Consultancy - Public relations

Jason Nisse  Tel: [phone]

Andrew Garfield  Tel: [phone]

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Johnson
2	Reason for the notification
a)	Position/status	PDMR (Member of the Executive Committee)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
a)	Name	Cenkos Securities plc
b)	LEI	213800ALVRC52VN3I821
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	Ordinary shares of 1p each
	Identification code	GB00B1FLHR07
b)	Nature of the transaction	Grant of options over the ordinary share capital of the Company under the Long Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	280,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	6 April 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Keys
2	Reason for the notification
a)	Position/status	PDMR (Member of the Executive Committee)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
a)	Name	Cenkos Securities plc
b)	LEI	213800ALVRC52VN3I821
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	Ordinary shares of 1p each
	Identification code	GB00B1FLHR07
b)	Nature of the transaction	Grant of options over the ordinary share capital of the Company under the Long Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	240,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	6 April 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James King
2	Reason for the notification
a)	Position/status	PDMR (Member of the Executive Committee)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
a)	Name	Cenkos Securities plc
b)	LEI	213800ALVRC52VN3I821
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	Ordinary shares of 1p each
	Identification code	GB00B1FLHR07
b)	Nature of the transaction	Grant of options over the ordinary share capital of the Company under the Long Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	170,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	6 April 2022
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Neil McDonald
2	Reason for the notification
a)	Position/status	PDMR (Member of the Executive Committee)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
a)	Name	Cenkos Securities plc
b)	LEI	213800ALVRC52VN3I821
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	Ordinary shares of 1p each
	Identification code	GB00B1FLHR07
b)	Nature of the transaction	Grant of options over the ordinary share capital of the Company under the Long Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	350,000
d)	Aggregated information	n/a - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	6 April 2022
f)	Place of the transaction	Outside of a trading venue

 

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