Notification of Transactions by PDMRs

RNS Number : 9368P

Nexus Infrastructure PLC

22 February 2021

 

22^nd February 2021

Nexus Infrastructure plc

("Nexus" or the "Company")

Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)

Nexus announces the vesting on 21^st February 2021 of the following awards granted under the Nexus Infrastructure plc Long Term Incentive Plan (LTIP) by PDMRs.  The awards, in the form of conditional nil-cost options over ordinary shares of £0.02 each in the Company ("Ordinary Shares"), were granted on 20^th February 2018.  Vesting was subject to various performance conditions including average annual compound earnings per share growth and total shareholder return relative to a comparator group, as a result 22 per cent. of the eligible 2018 LTIP awards vested on 21^st February 2021.

The following PDMRs received Ordinary Shares under the 2018 LTIP:

Recipient	Job Title	Number of Ordinary Shares*	Number of Ordinary Shares subsequently sold**
Alan Martin	Chief Financial Officer	26,007	13,004
Dawn Hillman	Company Secretary	8,533	3,840
Charles Sweeney	Chief Operating Officer	17,692	8,404
David Topping	Managing Director, TriConnex	16,850	8,425
Robert Kendal	Managing Director, Tamdown	8,313	4,313
Simon Gallagher	Managing Director, eSmart Networks	7,863	3,932

* No consideration was payable to receive these Ordinary Shares under the 2018 LTIP.

** Disposal of Ordinary Shares took place on 22nd February 2021 on the London Stock Exchange at a price of 155 pence to satisfy the tax liabilities arising from the exercise of the 2018 LTIP awards. 

Michael Morris, Chief Executive Officer, who currently is a 22.3% shareholder in Nexus, has voluntarily surrendered his 2018 LTIP awards and they have now lapsed.  The Board's Remuneration Committee has agreed that Michael Morris will be paid the cash equivalent of 38,401 Ordinary Shares due to him under the original 2018 LTIP totalling £58,456 (before tax, based on a share price of 155 pence less equivalent dealing costs). This route was taken as under the Takeover Code, Michael Morris and his concert party (the "Morris Concert Party") are precluded from acquiring additional shares in Nexus under Rule 9 of the Takeover Code. The Company intends to put in-place an appropriate annual authority for the Morris Concert Party so that Michael Morris is able to subscribe for Ordinary Shares through the Company's LTIP in the future.

Total voting rights

An application has been made to the London Stock Exchange for admission of 140,015 new Ordinary Shares to trading on AIM on 24 February 2021 ("Admission") in relation to the 2018 LTIP. Following Admission, the total number of Ordinary Shares in issue in the Company will be 45,400,765. Nexus does not hold any shares in treasury, and, therefore, following Admission, the total number of voting shares in Nexus in issue will be 45,400,765. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This notification is made in accordance with the requirements of the Market Abuse Regulation.

Dawn Hillman

Company Secretary

Nexus Infrastructure plc  Tel : [phone]

1)	Details of the person discharging managerial responsibility
a)	Name	Alan Martin
2	Reason for the notification
a)	Position/status	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	Nexus Infrastructure plc
b)	LEI	213800PUGVLUONLG9Y20
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
	Transaction 1
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 26,007
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	20th February 2021
f)	Place of the transaction	Outside of Trading Venue
	Transaction 2
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Sale of shares sufficient to cover tax liabilities arising on the aforesaid award under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.55 13,004
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	22nd February 2021
f)	Place of the transaction	London Stock Exchange, AIM

1)	Details of the person discharging managerial responsibility
a)	Name	Dawn Hillman
2	Reason for the notification
a)	Position/status	Company Secretary
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nexus Infrastructure plc
b)	LEI	213800PUGVLUONLG9Y20
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
	Transaction 1
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 8,533
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	20th February 2021
f)	Place of the transaction	Outside of Trading Venue
	Transaction 2
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Sale of shares sufficient to cover tax liabilities arising on the aforesaid award under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.55 3,840
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	22nd February 2021
f)	Place of the transaction	London Stock Exchange, AIM

1)	Details of the person discharging managerial responsibility
a)	Name	Charles Sweeney
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nexus Infrastructure plc
b)	LEI	213800PUGVLUONLG9Y20
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
	Transaction 1
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 17,692
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	20th February 2021
f)	Place of the transaction	Outside of Trading Venue
	Transaction 2
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Sale of shares sufficient to cover tax liabilities arising on the aforesaid award under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.55 8,404
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	22nd February 2021
f)	Place of the transaction	London Stock Exchange, AIM

1)	Details of the person discharging managerial responsibility
a)	Name	David Topping
2	Reason for the notification
a)	Position/status	Managing Director, TriConnex Ltd
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nexus Infrastructure plc
b)	LEI	213800PUGVLUONLG9Y20
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
	Transaction 1
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 16,850
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	20th February 2021
f)	Place of the transaction	L ondon Stock Exchange, AIM
	Transaction 2
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Sale of shares sufficient to cover tax liabilities arising on the aforesaid award under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.55 8,425
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	22nd February 2021
f)	Place of the transaction	London Stock Exchange, AIM

1)	Details of the person discharging managerial responsibility
a)	Name	Robert Kendal
2	Reason for the notification
a)	Position/status	Managing Director, Tamdown Group Ltd
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nexus Infrastructure plc
b)	LEI	213800PUGVLUONLG9Y20
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
	Transaction 1
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 8,313
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	20th February 2021
f)	Place of the transaction	L ondon Stock Exchange, AIM
	Transaction 2
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Sale of shares sufficient to cover tax liabilities arising on the aforesaid award under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.55 4,313
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	22nd February 2021
f)	Place of the transaction	London Stock Exchange, AIM

1)	Details of the person discharging managerial responsibility
a)	Name	Simon Gallagher
2	Reason for the notification
a)	Position/status	Managing Director, eSmart Networks Ltd
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nexus Infrastructure plc
b)	LEI	213800PUGVLUONLG9Y20
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
	Transaction 1
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Exercise of Options over Ordinary Shares under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 7,863
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	20th February 2021
f)	Place of the transaction	L ondon Stock Exchange, AIM
	Transaction 2
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of £0.02 each. ISIN GB00BZ77SW60
b)	Nature of the transaction	Sale of shares sufficient to cover tax liabilities arising on the aforesaid award under the Nexus Infrastructure plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.55 3,932
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	22nd February 2021
f)	Place of the transaction	London Stock Exchange, AIM

 

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