Director/PDMR Shareholding

RNS Number : 9888X

Genuit Group PLC

07 May 2021

 

Genuit Group plc (the "Company")

Notification of transactions by Person Discharging Managerial Responsibilities

The Company announces that on 4 May 2021, Glen Sabin, Chief Operating Officer and a Person Discharging Managerial Responsibilities, exercised the following options:

1.  a   nil-cost   option   over   18,376   shares   in   accordance with the Long Term Incentive Plan Award granted to him on 2 May 2018. Mr. Sabin sold all exercised shares with the appropriate tax and national insurance liabilities deducted from the sale proceeds.

2.  a   nil-cost   option   over a total of 1,537 shares (comprising 1,482  shares granted under the Award and 55 shares awarded at vesting in lieu of dividends paid during the vesting period) in accordance with the Deferred Share Bonus Plan Award granted to him on 2 May 2018. Mr. Sabin sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.

3.  a   nil-cost   option   over a total of 4,141 shares (comprising 4,027 shares granted under the Award and 114 shares awarded at vesting in lieu of dividends paid during the vesting period) in accordance with the Deferred Share Bonus Plan Award granted to him on 30 April 2019. Mr. Sabin sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.

Mr. Sabin now holds an interest in a total of 716,574 shares.

The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

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 closelyassociated
a)	Name	Glen Sabin
2	Reasonforthenotification
a)	Position/status	Chief Operating Officer/DirectorandPDMR
b)	Initialnotification /Amendment	Initialnotification
3	Details of the issuer, emission allowance market participant, auctionplatform,auctioneerorauctionmonitor
a)	Name	GenuitGroupplc
b)	LEI	2138005IF1N2RKJ6KO18

4	Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (ii) each type of transaction; (iii) each date; and (iv) each placewheretransactionshave beenconducted
a)	Description of the financialinstrument, type ofinstrument Identificationcode	Ordinary Shares ("Shares") of £0.001 each in thecapitalofGenuit Groupplc GB00BKRC5K31
b)	Natureofthetransaction	Sale of Shares acquired for no consideration pursuant to the exercise of nil-cost options in accordancewiththeLongTermIncentivePlan("LTIP")award grantedon 2May 2018.
c)	Price(s)andvolume(s)	Price(s) Volume(s) £5.68 18,376
d)	Aggregatedinformation - Aggregatedvolume - Price	18,376 £5.68
e)	Dateofthetransaction	6 May2021
f)	Placeofthetransaction	OutsideaTradingVenue

1	Details of the person discharging managerial responsibilities / person closelyassociated
a)	Name	Glen Sabin
2	Reasonforthenotification
a)	Position/status	Chief OperatingOfficer/DirectorandPDMR
b)	Initialnotification /Amendment	Initialnotification
3	Details of the issuer, emission allowance market participant, auctionplatform,auctioneerorauctionmonitor
a)	Name	GenuitGroupplc
b)	LEI	2138005IF1N2RKJ6KO18
4	Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (ii) each type of transaction; (iii) each date; and (iv) each placewheretransactionshave beenconducted
a)	Description of the financialinstrument, type ofinstrument Identificationcode	Ordinary Shares ("Shares") of £0.001 each in thecapitalofGenuit Groupplc GB00BKRC5K31
b)	Natureofthetransaction	Acquisition of Shares for no consideration pursuantto the exercise of nil-cost options as follows:Deferred Share Bonus Plan ("DSBP") awardgrantedon 2May2018. Deferred Share Bonus Plan ("DSBP") awardgrantedon 30April 2019.
c)	Price(s)andvolume(s)
			Price(s)	Volume(s)
			Nil	818 -NumberofDSBP sharesacquiredfrom 2 May 2018 grantafter reduction forappropriate tax andnational insuranceliabilities.

				2,204 -NumberofDSBP shares acquired from 30 April 2019 grantafter reduction forappropriate tax andnationalinsurance liabilities.
d)	Aggregatedinformation - Aggregatedvolume - Price	N/A
e)	Dateofthetransaction	6May2021
f)	Placeofthetransaction	OutsideaTradingVenue

Enquiries:

Emma Versluys, Company Secretary

[phone]

 

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