Director/PDMR Shareholding

Merit Group PLC

01 May 2024

 

1 May 2024

Merit Group Plc

("Merit", the "Company" or the "Group")

Director/PDMR Shareholding

Update on Awards granted under the Merit Group plc Performance Share Plan 2022

Merit Group Plc (AIM: MRIT), the AIM-listed data and intelligence business, today announces it has approved an amendment to the terms of options granted to Philip Machray (the "Options") under the rules of the Merit Group plc Performance Share Plan 2022. The grant of the Options was announced on 17 November 2021.

On 26 January 2024, the Company announced the appointment of Philip Machray as Chief Executive Officer. In connection with the appointment, Merit's Remuneration Committee determined that it was appropriate to amend the performance periods attaching to the Options as follows:

Name	Position	Original Performance Period	Amended Performance Period
Philip Machray	CEO and CFO	The period commencing on 17 November 2021 and ending on 17 November 2024	The period commencing on 17 November 2021 and ending on 17 November 2027

Except as set out in this announcement, the terms of the Options remain as announced on 17 November 2021.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Philip Machray
2	Reason for the notification
a)	Position/status	Chief Executive Officer and 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	Merit Group plc
b)	LEI	213800HG65J6TYGNJU20
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 28 pence each ISIN: GB00BNYKJJ86
b)	Nature of the transaction	Change of performance criteria - end of performance period extended from 17 November 2024 to 17 November 2027
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		N/a	N/a
d)	Aggregated information - Aggregated volume - Price	N/a N/a
e)	Date of the transaction	30 April 2024
f)	Place of the transaction	Outside a trading venue

For further information, please contact:
Merit Group plc
Mark Smith - Chairman Phil Machray - CEO & CFO www.meritgroupplc.com	020 7593 5500 020 7593 5518
Canaccord Genuity Limited (Nomad and Broker) Bobbie Hilliam Harry Pardoe	020 7523 8150

 

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