Director/PDMR Shareholding

Network International Holdings PLC

26 April 2024

 

26 April 2024 

Network International Holdings plc

("Network International" or the "Company")

Notification and public disclosure of LTIP Awards to Directors and Persons Discharging Managerial Responsibilities ("PDMR")

This announcement is made in accordance with Article 19 of the Market Abuse Regulation ('MAR') and relates to the acquisition of shares by the following Executive Directors, who are also PDMRs, under the Company's Long Term Incentive Plan ('LTIP').

These awards relate to the 2021 LTIP and are referred to in the Group's 2023 Annual Report and Accounts. The awards were conditional on continued employment with the Group and on the satisfaction of the performance conditions approved by the Remuneration Committee, which (after tax on the gross award) must be retained until the shareholding requirement is met, and in any event for Executive Directors two years after receipt. These awards are subject to malus and clawback provisions.

A copy of the FCA notification form in respect of vesting of the award 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(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nandan Mer
2	Reason for the notification
a)	Position/status	Group Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Network International Holdings plc
b)	LEI	213800XVRNKWENNLKK60
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	Shares GB00BH3VJ782
b)	Nature of the transaction	Vesting of shares in respect of the Long Term Incentive Plan ('LTIP') 2021 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.00 110136 ordinary shares
d)	Aggregated information - Aggregated volume - Price	110136 0.00
e)	Date of the transaction	26 April 2024
f)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rohit Malhotra
2	Reason for the notification
a)	Position/status	Group Chief Financial Officer & Group Chief Strategy Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Network International Holdings plc
b)	LEI	213800XVRNKWENNLKK60
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	Shares GB00BH3VJ782
b)	Nature of the transaction	Vesting of shares in respect of the Long Term Incentive Plan ('LTIP') 2021 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.00 61,069 ordinary shares
d)	Aggregated information - Aggregated volume - Price	61069 0.00
e)	Date of the transaction	26 April 2024
f)	Place of the transaction	London Stock Exchange, Main Market

Enquiries

Network International Jay Razzaq: Chief Risk Officer & Group Company Secretary	[e-mail]
Amie Gramlick: Senior Vice President Finance - FP&A and Investor Relations	[e-mail]

Media enquiries

Teneo                                                                                                 [e-mail]

Anthony Di Natale, Andy Parnis

 

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