Director/PDMR Shareholding

RNS Number : 7943O

Network International Holdings PLC

03 June 2020

 

Network International Holdings Plc

GRANT OF SHARE AWARDS UNDER THE NETWORK INTERNATIONAL HOLDINGS PLC's ANNUAL DEFERED BONUS PLAN

Network International Holdings plc (LSE: NETW) (the Company) has on 1^st June 2020, granted effective as of 1 May 2020 (the Effective Date), awards (the Awards) to acquire ordinary shares in the Company (the Shares), subject to and in accordance with the rules of the Network International Holdings Annual Deferred Bonus Plan (the Plan), to the Group Chief Executive Officer and the Group Chief Financial Officer as listed in the table below (the "Participants").

Name	Number of Shares subject to Award
Simon Haslam	15,683
Rohit Malhotra	9,226

The Awards are made for achievement of targeted performance for the year 2019. The total 2019 amount for Simon Haslam awarded under the Annual Deferred Bonus Plan, with the portion paid in cash and the portion deferred into shares, was disclosed in the 2019 Directors' Remuneration Report under the Annual Report on Remuneration section, which was approved by shareholders at the last Annual General Meeting. The Awards are granted as Conditional Awards. Subject to the rules of the Plan, each of the Awards will normally vest on the third anniversary of the Effective Date.

Participants will be entitled to receive additional Shares, which will be purchased using any dividends paid or payable on the Shares subject to their Awards, between the Effective Date until the date of vesting.

A copy of the FCA notification form in respect of the grant of the Awards to each PDMR, as required under the EU Market Abuse Regulation and in the prescribed format, is set out below.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014.

1	Details of PDMR
a.	Name	Simon Mark Haslam
2	Reason for Notification
a.	Position / Status	Group Chief Executive Officer
b.	Initial Notification / Amendment	Initial Notification
3	Details of the Issuer
a.	Name	Network International Holdings Plc
b.	Legal Entity Identifier	213800VRNKWENNLKK60
4	Details of the Transaction(s)
a.	Description of the Financial Instrument	Shares
b.	Identification Code	GB00BH3VJ782
c.	Nature of the Transaction	Grant of Awards under the Network International Holdings Annual Deferred Bonus Plan
d.	Date & Place of Transaction	1 June 2020, London Stock Exchange, Main Market, (XLON)
e.	Price(s) and Volume(s)	Price  Volume
		£ 0.00 15,683 Ordinary Shares
f.	Additional information
	- Aggregated volume	N/A Single transaction
	- Aggregated price	N/A Single transaction
1	Details of PDMR
a.	Name	Rohit Malhotra
2	Reason for Notification
a.	Position / Status	Group Chief Financial Officer
b.	Initial Notification / Amendment	Initial Notification
3	Details of the Issuer
a.	Name	Network International Holdings Plc
b.	Legal Entity Identifier	213800VRNKWENNLKK60
4	Details of the Transaction(s)
a.	Description of the Financial Instrument	Shares
b.	Identification Code	GB00BH3VJ782
c.	Nature of the Transaction	Grant of Awards under the Network International Holdings Annual Deferred Bonus Plan
d.	Date & Place of Transaction	1 June 2020, London Stock Exchange, Main Market, (XLON)
e.	Price(s) and Volume(s)	Price  Volume
		£ 0.00 9,226 Ordinary Shares
f.	Additional information
	- Aggregated volume	N/A Single transaction
	- Aggregated price	N/A Single transaction

Enquiries

Network International	[e-mail]
Amie Gramlick: Head of Investor Relations
Finsbury	[e-mail]
James Leviton, Andy Parnis: Media Relations

 

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