Exercise of Share Options / PDMR Dealing

RNS Number : 0491V

Johnson Service Group PLC

03 April 2019

 

Johnson Service Group PLC 

3 April 2019

AIM: JSG

Exercise of Share Options / PDMR Dealing

Johnson Service Group PLC (the "Company") announces the following share transactions carried out by two of its Directors on 2 April 2019.

Peter Egan, Chief Executive Officer, and Yvonne Monaghan, Chief Financial Officer, each exercised options under the Company's 2009 Long Term Incentive Plan (the "LTIP") and the 2009 Long Term Incentive Plan Approved Section (the "Approved LTIP").

	No. of Options	Sold	Retained	Forfeited	Option Price	Sale Price
Peter Egan
LTIP	120,000	70,415	33,152	16,433	nil	139.2p
Approved LTIP	37,500	-	37,500	-	80.0p	n/a
Yvonne Monaghan
LTIP	308,750	242,577	50,000	16,173	nil	139.2p
Approved LTIP	37,500	37,500	-	-	80.0p	140.0p

The gross gain, at the point of exercise, attributable to each of Peter Egan and Yvonne Monaghan in respect of the above transactions, prior to any taxation liabilities and dealing costs, was £167,040 and £429,780 respectively.

The LTIP options were granted on 8 May 2015.  The Approved LTIP options were granted on the same date and were intended to allow, where possible, the participant to receive part of the gain under the LTIP award tax efficiently.  The participant received the same gross gain as he or she would have received had they only been granted the LTIP award and not been granted the LTIP award and the Approved LTIP award.  At the time of exercise, options granted under the LTIP award were forfeited to the same value as the gain on the Approved LTIP award.

 

Following the above transactions, Peter Egan retains a beneficial interest in 105,368 Ordinary Shares, representing 0.03% of the Company's total issued share capital as at today's date, and Yvonne Monaghan retains a beneficial interest in 614,086 Ordinary Shares, representing 0.17% of the Company's total issued share capital as at today's date.

Enquiries:
Johnson Service Group PLC Peter Egan, CEO Yvonne Monaghan, CFO Tel:  [phone]
Investec Investment Banking (NOMAD) David Flin Carlton Nelson Darren Vickers Tel:  [phone]	Camarco (Financial PR) Ginny Pulbrook Ben Woodford Tom Huddart Tel:  [phone]

 

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	Peter Egan
2.	Reason for the Notification
a)	Position / Status	Chief Executive Officer / PDMR
b)	Initial Notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Entity legal name	Johnson Service Group PLC
b)	Entity LEI	2138004WZUPWV53KWV11
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 securities Identification code	Options over ordinary shares of 10 pence each GB0004762810
b)	Nature of the transaction	Exercise and subsequent sale of nil cost options under the Company's 2009 Long Term Incentive Plan over ordinary shares of 10 pence each
c)	Individual transaction price(s) and volume(s)	Price Volume 139.2 pence 70,415
d)	Aggregated price and volume: -      Price -      Volume	n/a - single transaction
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	London Stock Exchange, AIM Market

 

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	Peter Egan
2.	Reason for the Notification
a)	Position / Status	Chief Executive Officer / PDMR
b)	Initial Notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Entity legal name	Johnson Service Group PLC
b)	Entity LEI	2138004WZUPWV53KWV11
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 securities Identification code	Options over ordinary shares of 10 pence each GB0004762810
b)	Nature of the transaction	Exercise of nil cost options and subsequent acquisition of shares under the Company's 2009 Long Term Incentive Plan over ordinary shares of 10 pence each
c)	Individual transaction price(s) and volume(s)	Price Volume nil 33,152
d)	Aggregated price and volume: -      Price -      Volume	n/a - single transaction
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	Outside of a trading platform

 

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	Peter Egan
2.	Reason for the Notification
a)	Position / Status	Chief Executive Officer / PDMR
b)	Initial Notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Entity legal name	Johnson Service Group PLC
b)	Entity LEI	2138004WZUPWV53KWV11
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 securities Identification code	Options over ordinary shares of 10 pence each GB0004762810
b)	Nature of the transaction	Forfeiture of nil cost options under the Company's 2009 Long Term Incentive Plan over ordinary shares of 10 pence each
c)	Individual transaction price(s) and volume(s)	Price Volume nil 16,433
d)	Aggregated price and volume: -      Price -      Volume	n/a - single transaction
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	Outside of a trading platform

 

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	Peter Egan
2.	Reason for the Notification
a)	Position / Status	Chief Executive Officer / PDMR
b)	Initial Notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Entity legal name	Johnson Service Group PLC
b)	Entity LEI	2138004WZUPWV53KWV11
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 securities Identification code	Options over ordinary shares of 10 pence each GB0004762810
b)	Nature of the transaction	Exercise and subsequent acquisition of options, with an option cost of 80 pence per ordinary share, under the Company's 2009 Long Term Incentive Plan Approved Section over ordinary shares of 10 pence each
c)	Individual transaction price(s) and volume(s)	Price Volume 80.0 pence 37,500
d)	Aggregated price and volume: -      Price -      Volume	n/a - single transaction
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	Outside of a trading platform

 

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	Yvonne Monaghan
2.	Reason for the Notification
a)	Position / Status	Chief Financial Officer / PDMR
b)	Initial Notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Entity legal name	Johnson Service Group PLC
b)	Entity LEI	2138004WZUPWV53KWV11
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 securities Identification code	Options over ordinary shares of 10 pence each GB0004762810
b)	Nature of the transaction	Exercise and subsequent sale of nil cost options under the Company's 2009 Long Term Incentive Plan over ordinary shares of 10 pence each
c)	Individual transaction price(s) and volume(s)	Price Volume 139.2 pence 242,577
d)	Aggregated price and volume: -      Price -      Volume	n/a - single transaction
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	London Stock Exchange, AIM Market

 

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	Yvonne Monaghan
2.	Reason for the Notification
a)	Position / Status	Chief Financial Officer / PDMR
b)	Initial Notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Entity legal name	Johnson Service Group PLC
b)	Entity LEI	2138004WZUPWV53KWV11
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 securities Identification code	Options over ordinary shares of 10 pence each GB0004762810
b)	Nature of the transaction	Exercise of nil cost options and subsequent acquisition of shares and transfer to spouse under the Company's 2009 Long Term Incentive Plan over ordinary shares of 10 pence each
c)	Individual transaction price(s) and volume(s)	Price Volume nil 50,000
d)	Aggregated price and volume: -      Price -      Volume	n/a - single transaction
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	Outside of a trading platform

 

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	Yvonne Monaghan
2.	Reason for the Notification
a)	Position / Status	Chief Financial Officer / PDMR
b)	Initial Notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Entity legal name	Johnson Service Group PLC
b)	Entity LEI	2138004WZUPWV53KWV11
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 securities Identification code	Options over ordinary shares of 10 pence each GB0004762810
b)	Nature of the transaction	Forfeiture of nil cost options under the Company's 2009 Long Term Incentive Plan over ordinary shares of 10 pence each
c)	Individual transaction price(s) and volume(s)	Price Volume nil 16,173
d)	Aggregated price and volume: -      Price -      Volume	n/a - single transaction
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	Outside of a trading platform

 

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	Yvonne Monaghan
2.	Reason for the Notification
a)	Position / Status	Chief Financial Officer / PDMR
b)	Initial Notification / Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Entity legal name	Johnson Service Group PLC
b)	Entity LEI	2138004WZUPWV53KWV11
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 securities Identification code	Options over ordinary shares of 10 pence each GB0004762810
b)	Nature of the transaction	Exercise and subsequent sale of options, with an option cost of 80 pence per ordinary share, under the Company's 2009 Long Term Incentive Plan Approved Section over ordinary shares of 10 pence each
c)	Individual transaction price(s) and volume(s)	Price Volume 140.0 pence 37,500
d)	Aggregated price and volume: -      Price -      Volume	n/a - single transaction
e)	Date of the transaction	2 April 2019
f)	Place of the transaction	London Stock Exchange, AIM Market

 

END

 

 

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