Exercise of Options

Forward Partners Group PLC

12 March 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS, PROSPECTUS EQUIVALENT

DOCUMENT OR SCHEME DOCUMENT AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE ACQUISITION OR NEW MOLTEN SHARES EXCEPT ON THE BASIS OF INFORMATION IN THE SCHEME DOCUMENT.

FOR IMMEDIATE RELEASE

12 March 2024

FORWARD PARTNERS GROUP PLC

("FORWARD PARTNERS" OR "FORWARD")

Exercise of options, transaction in own shares and PDMR shareholdings

Forward Partners announces that an application has been made to the London Stock Exchange for a total of 231,330 ordinary shares of £0.01 each ("Ordinary Shares") to be admitted to trading on AIM, following vesting and exercise of outstanding FY23 Options granted pursuant to the Forward LTIP, as determined by the Forward Remuneration Committee (such vesting and exercise having taken place conditional upon the Court sanctioning the Scheme, which was announced earlier today). It is expected that Admission will take effect at 8.00 a.m. on 13 March 2024, following which the relevant shares will be allotted and issued in order to satisfy the FY23 Options. 

In connection with the above exercise of options and vesting of awards, Forward has been notified that the following directors / persons discharging managerial responsibility ("PDMR") received Ordinary Shares as detailed below ("notifications"). The notifications are made in accordance with the requirements of the EU Market Abuse Regulation which has effect in English law by virtue of the European Union (Withdrawal) Act 2018 (the Market Abuse Regulation).

	Previous Holding	%	Number Ordinary Shares	Shareholding on Admission	%
Nic Brisbourne	382,920	0.28%	77,762	460,682	0.34%
Lloyd Smith	0	0.00%	61,716	61,716	0.05%

Capitalised terms used in this announcement, unless otherwise defined, shall have the meanings given to them in the scheme document published by Forward on 21 December 2023 (the "Scheme Document").

Enquiries:

Forward Partners Group plc                                                                                                     Via Alma PR

Nic Brisbourne (Chief Executive Officer)

Liberum Capital Limited                                                                                               [phone]

(Rule 3 Adviser, Financial Adviser, Nominated Adviser and Corporate Broker to Forward Partners)    

Chris Clarke

Mark Harrison

Lauren Kettle

Anake Singh

Alma PR                                                                                                                       [phone]

(Financial PR Adviser to Forward Partners)

David Ison

Andy Bryant

Will Ellis Hancock

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Nicholas Brisbourne
2.	Reason for the notification
a)	Position/status:	CEO
b)	Initial notification/Amendment:	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Forward Partners Group plc
b)	LEI:	213800G3LF6776Y7IY64
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 1p each GB00BKPGBB09
b)	Nature of the transaction:	Exercise of options under Forward Partners' 2023 Long Term Incentive Plan
c)	Price(s) and volume(s):	Exercised resulting in issue of equity: Share plan Price(s) pence Volume(s) LTIP 1 pence 77,762
d)	Aggregated information: ·      Aggregated volume: ·      Price:	See 4 (c) above
e)	Date of the transaction:	12 March 2024
f)	Place of the transaction:	off-market transaction

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Lloyd Smith
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:	Forward Partners Group plc
b)	LEI:	213800G3LF6776Y7IY64
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 1p each GB00BKPGBB09
b)	Nature of the transaction:	Exercise of options under Forward Partners' 2023 Long Term Incentive Plan
c)	Price(s) and volume(s):	Exercised resulting in issue of equity: Share plan Price(s) pence Volume(s) LTIP 1 pence 61,716
d)	Aggregated information: ·      Aggregated volume: ·      Price:	See 4 (c) above
e)	Date of the transaction:	12 March 2024
f)	Place of the transaction:	off-market transaction

 

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