Director/PDMR Shareholding

RNS Number : 3830E

Keywords Studios PLC

27 October 2022

 

27 October 2022

Keywords Studios plc

("Keywords Studios", "the Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Conditional Award of Shares

Keywords Studios, the international technical and creative services provider to the global video games industry, today announces that, under the terms of the Keywords Studios Long Term Incentive Plan ("LTIP"), conditional awards of shares were granted on 26 October 2022 to the below named person discharging managerial responsibilities.

The LTIPs will normally vest on 26 October 2025. Vesting of the LTIPs are conditional on continued employment and the achievement of performance conditions approved by the Remuneration Committee, based on the Company's Total Shareholder Return ("TSR") versus the FTSE 250 Index (excluding investment trusts) (the "Index") over the 3-year performance period. Threshold vesting (25% of the award) will vest for TSR in line with the Index and full vesting will be earned for exceeding the Index TSR by 20% over the performance period.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Joseph Binnion
2	Reason for the notification
a)	Position/status	Chief Culture Officer
b)	Initial Notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Keywords Studios PLC
b)	LEI	2138007VR9ZYCWS7VE12
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 and identification code	Ordinary shares of 1 pence each in Keywords Studios PLC (ISIN: GB00BBQ38507)
b)	Nature of the transaction	Grant of nominal cost conditional award of shares under the Keywords Studios Long Term Incentive Plan, based on Group performance.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 0.01 9,000
d)	Aggregated information - Aggregated volume - Price	Aggregate volume of shares: 9,000 Aggregate price of shares: GBP 90
e)	Date of the transaction	2022-10-26 (UTC)
f)	Place of the transaction	Outside a trading venue

ENDS

 

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