Director Dealings - Award of Share Options

EMIS Group PLC

14 June 2023

 

14 June 2023

EMIS GROUP PLC

Director Dealings - Award of Share Options

EMIS Group plc ("the Company") announces that, on 13 June 2023, awards of options over 47,450 and 31,425 ordinary shares of one pence each in the Company were made to Andrew Thorburn (Chief Executive Officer) and Peter Southby (Chief Financial Officer) respectively under the Company's Long Term Incentive Plan ("Options"). The Options are nil-cost and normally exercisable from 13 June 2026 until the tenth anniversary of grant, subject to the satisfaction of a performance condition based on annual compound growth in the Company's earnings per share ("EPS") over a three-year period commencing on 1 January 2023 and ending on 31 December 2025 (the "Performance Period").  The performance condition has a base target requiring 5% annual compound growth in the Company's EPS over the Performance Period, when 25% of the Options vest, and a maximum target of 10% annual compound growth in the Company's EPS over the Performance Period for 100% vesting. The potential impact of Bordeaux UK Holdings II Limited's recommended cash offer for the whole of the issued and to be issued share capital of the Company on the Options is set out in the Scheme Document relating to that offer.

Following the grant of the Options, Andrew Thorburn holds a total of 280,798 options and Peter Southby holds a total of 125,316 options over ordinary shares in the Company.

Notification 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	Andrew Thorburn
2	Reason for notification
a)	Position / status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	EMIS Group plc
b)	LEI	213800K474ZZK76NX913
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 of 1 pence each in EMIS Group plc ISIN GB00B61D1Y04
b)	Nature of the transaction	Award of options over 47,450 ordinary shares of one pence each in the Company under the Company's Long Term Incentive Plan
c)	Price(s) and volumes(s)	Price(s) Volumes(s) Nil 47,450
d)	Aggregated information -     Aggregated volume -     Price	47,450 shares Nil
e)	Date of the transaction	2023-06-13
f)	Place of the transaction	XLON - AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Southby
2	Reason for 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	EMIS Group plc
b)	LEI	213800K474ZZK76NX913
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 of 1 pence each in EMIS Group plc ISIN GB00B61D1Y04
b)	Nature of the transaction	Award of options over 31,425 ordinary shares of one pence each in the Company under the Company's Long Term Incentive Plan
c)	Price(s) and volumes(s)	Price(s) Volumes(s) Nil  31,425
d)	Aggregated information -     Aggregated volume -     Price	31,425 shares Nil
e)	Date of the transaction	2023-06-13
f)	Place of the transaction	XLON - AIM

 

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