Director/PDMR Shareholding

RNS Number : 4475R

Distribution Finance Cap. Hldgs PLC

29 June 2020

 

30 June 2020

Distribution Finance Capital Holdings plc
("DFC" or the "Company" or together with its subsidiaries the "DFC Group")

Grant of Options to Directors and Persons Discharging Managerial Responsibilities (together "PDMRs")

In accordance with the terms of the Distribution Finance Capital Holdings plc Performance Share Plan (the "PSP"), the Company's Chief Executive Officer, Carl D'Ammassa, and its Chief Financial Officer, Gavin Morris, have been granted nil-cost options over ordinary shares in the capital of the Company.

Performance Options

Carl D'Ammassa has been granted nil-cost options over 900,000 ordinary shares of £0.01 each ("Shares"), representing approximately 0.84% of the current share capital of the Company. This grant has been made in connection with Carl D'Ammassa's recruitment as Chief Executive Officer.

Gavin Morris has been granted nil-cost options over 200,000 Shares, representing approximately 0.19% of the current share capital of the Company. This grant has been made as an ordinary course award under the terms of the PSP.

The above options will be subject to vesting over a three year period and will be subject to specific performance conditions which, in line with guidance from the Investment Association, shall be determined by the remuneration committee within six months of the date of grant.

All Employee Options

Carl D'Ammassa has been granted nil-cost options over 5,000 Shares, approximately 0.005% of the current share capital of the Company.

Gavin Morris has been granted nil-cost options over 5,000 Shares, representing approximately 0.005% of the current share capital of the Company.

The above options have been granted as part of a grant of options to all permanent employees of the Company and will be subject to vesting over a three year period.

Employee Benefit Trust

All options referred to above shall (subject to vesting) be satisfied using Shares held by the trustee of the Company's employee benefit trust and will not therefore result in any new shares being issued.

Further to the above, the Company makes the following notification and public disclosure of transactions by persons discharging managerial responsibilities:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Carl D'Ammassa
2	Reason for the notification
a)	Position/status	CEO and Director of Distribution Finance Capital Holdings plc
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	DISTRIBUTION FINANCE CAPITAL HOLDINGS PLC
b)	LEI	2138004TJJJSFYYCWP10
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 Distribution Finance Capital Holdings plc
	Identification code	ISIN: GB00BJ7HMR72
b)	Nature of the transaction	Grant of nil-cost options to acquire Ordinary Shares under the Distribution Finance Capital Holdings plc Performance Share Plan
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			0	905,000
d)	Aggregated information
	- Aggregated volume	905,000
	- Price (GBP)	0
	- Total
e)	Date of the transaction	29 June 2020
f)	Place of the transaction	AIM / London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gavin Morris
2	Reason for the notification
a)	Position/status	CFO and Director of Distribution Finance Capital Holdings plc
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	DISTRIBUTION FINANCE CAPITAL HOLDINGS PLC
b)	LEI	2138004TJJJSFYYCWP10
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 Distribution Finance Capital Holdings plc
	Identification code	ISIN: GB00BJ7HMR72
b)	Nature of the transaction	Grant of nil-cost options to acquire Ordinary Shares under the Distribution Finance Capital Holdings plc Performance Share Plan
c)	Price(s) and volume(s)
			Price(s) - GBP	Volume(s)
			0	205,000
d)	Aggregated information
	- Aggregated volume	205,000
	- Price (GBP)	0
	- Total
e)	Date of the transaction	29 June 2020
f)	Place of the transaction	AIM / London Stock Exchange

Enquiries:

Distribution Finance Capital Holdings plc Carl D'Ammassa - Chief Executive Officer [phone] Kam Bansil - Head of Investor Relations [phone] http://www.dfcapital-investors.com Macquarie Capital (Europe) Limited (NOMAD and broker) Alex Reynolds / Jonny Allison [phone] Blue Pool Communications (Financial PR) Nick Lord [phone]

 

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