Share option exercise and sale to cover

RNS Number : 6716U

Informa PLC

29 March 2023

 

Informa PLC Press Release

29 March 2023

Share option exercise and sale to cover

Directors Dealings

Informa (LSE: INF.L), the international Academic Markets, B2B Markets and Digital Services Group today confirmed recent share option exercise and sale to cover transactions by Executive Directors.

Following the publication of Informa's 2022 Annual Results, two of our Executive Directors (Group Finance Director, Gareth Wright and Chief Operating Officer, Patrick Martell) have exercised Long-Term Incentive Plan awards and, in the case of Gareth Wright, Deferred Share Bonus Plan awards. 

Both Executive Directors sold shares to specifically cover the cost and income tax liabilities that become payable on the exercise of these share plans. The net remaining shares have been retained.

The notifications that follow are disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

Enquiries
Heledd Hanscomb, Deputy Company Secretary	[phone]

Notes

Following these transactions, Gareth Wright and Patrick Martell retain the following interests in the Company:

· Gareth Wright - 438,832 ordinary shares and 356,449 options

· Patrick Martell - 250,346 ordinary shares and 288,777 options

1	Details of the persons discharging managerial responsibilities / person closely associated
a)	Name(s)	Gareth Wright
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Informa PLC
b)	LEI	5493006VM2LKUPSEDU20
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 0.1 pence each GB00BMJ6DW54
b)	Nature of the transaction	A.  Exercise of Long-Term Incentive Plan awards B.  Exercise of Deferred Share Bonus Plan awards C.  Sale of ordinary shares of 0.1p each to settle tax, national insurance contributions and dealing fees arising from the exercise
c)	Price(s) and volume(s)	Price	Volume
		A £0.001	139,708
		B £0.00	3,923
		C £6.688821	68,433
d)	Aggregated information	n/a
e)	Date of the transaction	27 March 2023
f)	Place of the transaction	A and B - Outside a trading venue C - London Stock Exchange
1	Details of the persons discharging managerial responsibilities / person closely associated
a)	Name(s)	Patrick Martell
2	Reason for the notification
a)	Position/status	Group Chief Operating Officer
b)	Initial notification / Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Informa PLC
b)	LEI	5493006VM2LKUPSEDU20
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 0.1 pence each GB00BMJ6DW54
b)	Nature of the transaction	A.  Exercise of Long-Term Incentive Plan awards B.  Sale of ordinary shares of 0.1p each to settle tax, national insurance contributions and dealing fees arising from the exercise
c)	Price(s) and volume(s)	Price	Volume
		A £0.001	149,028
		B £6.671776	71,005
d)	Aggregated information	n/a
e)	Date of the transaction	27 March 2022
f)	Place of the transaction	A - Outside a trading venue B - London Stock Exchange

 

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