Restricted Shares Issuance & Director Dealing

Public Policy Holding Company, Inc.

21 May 2024

 

Public Policy Holding Company, Inc.

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

Restricted Shares Issuance and Director/PDMR Dealing 

Public Policy Holding Company, Inc., the government relations and public affairs group providing clients with a fully integrated and comprehensive range of services, announces that it has granted restricted stock shares ("RSs") in the Company, which will rank pari passu with its existing Common Shares, to a broad range of its current employee base, including certain Directors and senior employees ("PDMRs") of the Company, under PPHC's 2021 Omnibus Incentive Plan ("Omnibus Plan") that was adopted in connection with the Group's admission to AIM in December 2021.

In total 638,877 RSs have been granted on 16 May 2024 under the Omnibus Plan. Of this tranche, 255,545 RSs have been granted to PDMRs (including Executive Directors and other senior management). The RSs will vest on 16 May 2025 and will be subject to certain acceleration and clawback events tied to continuation of employment and compliance with various employment-related agreements.

Application will be made for the new RSs, which will rank pari passu with the existing Common Shares in issue, to be admitted to trading on AIM. Dealings are expected to commence on or around 28 May 2024.

Following this issue of shares, the Company's total issued and voting share capital upon admission will consist of 118,317,132 Common Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.

Related Party Transaction

As directors of the Company, Stewart Hall, William Chess, Roel Smits and Keenan Austin Reed are deemed to be related parties under the AIM Rules for Companies (the "AIM Rules") and, as such, the award of the RSs outlined below to both Messrs. Hall, Chess and Smits and Ms. Austin constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules.

The Directors of the Group (excluding Messrs. Hall, Chess, and Smits and Ms. Austin) consider, having consulted with Stifel, the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

Director / PDMR	No. of RSs previously held	No. of RSs granted	Resultant interest in RSs
Stewart Hall (Executive Director)	0	25,365	25,365
William Chess (Executive Director)	0	17,438	17,438
Roel Smits (Executive Director)	0	13,475	13,475
Jill Kendrick (PDMR)	0	12,682	12,682
Neal Strum (PDMR)	0	14,268	14,268
Thomas Gensemer (PDMR)	0	11,097	11,097
Ron Starzman (PDMR)	0	10,304	10,304
Paula Thrasher (PDMR)	0	3,171	3,171
Sarah Wills (PDMR)	0	5,152	5,152
Matthew Lapinski (PDMR)	0	15,717	15,717
Dan Tate, Jr. (PDMR)	0	31,706	31,706
Keenan Austin (Executive Director)	177,447	31,523	208,970
Rhoderick Shaw (PDMR)	362,009	15,415	377,424
Les Spivey (PDMR)	362,009	15,415	377,424
Erik Smith (PDMR)	0	32,817	32,817

Enquiries

Public Policy Holding Company Inc. Stewart Hall, CEO Roel Smits, CFO	[phone]
Stifel (Nominated Adviser & Broker) Fred Walsh, Harry Hodkinson	[phone]
Buchanan Communications (Media Enquiries) Chris Lane, Toto Berger	[phone] [e-mail]

About PPHC

Incorporated in 2014, PPHC is a US-based government relations and public affairs group providing clients with a fully integrated and comprehensive range of services including government and public relations, research and digital advocacy campaigns. Engaged by over 1200 clients, including companies, trade associations and non-governmental organisations, the Group is active in all major sectors of the U.S. economy, including healthcare and pharmaceuticals, financial services, energy, technology, telecoms and transportation. PPHC's services support clients to enhance and defend their reputations, advance policy goals, manage regulatory risk, and engage with US federal and state-level policy makers, stakeholders, media and the public.

PPHC operates a holding company structure and currently has nine operating entities comprising Crossroads Strategies, Forbes Tate Partners, Seven Letter, O'Neill & Associates, Alpine Group Partners, KP Public Affairs, MultiState Associates, Concordant Advisory and Lucus Public Affairs. Operating in the strategic communications market, the Group has a strong track record of organic and acquisitive growth, the latter focused on enhancing its capabilities and to establish new verticals, either within new geographies or new related offerings.

For more information, see www.pphcompany.com.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Stewart Hall
2	Reason for the notification
b)	Position/Status:	Chief Executive Officer
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  25,365
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	William Chess
2	Reason for the notification
b)	Position/Status:	Chief Administrative Officer
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  17,438
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Roel Smits
2	Reason for the notification
b)	Position/Status:	Chief Financial Officer
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  13,475
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Jill Kendrick
2	Reason for the notification
b)	Position/Status:	Chief Operating Officer
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  12,682
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Neal Strum
2	Reason for the notification
b)	Position/Status:	Chief Legal Officer
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  14,268
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Thomas Gensemer
2	Reason for the notification
b)	Position/Status:	Chief Strategy Officer
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  11,097
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Ron Starzman
2	Reason for the notification
b)	Position/Status:	PDMR
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  10,304
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Paula Thrasher
2	Reason for the notification
b)	Position/Status:	PDMR
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  3,171
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Sarah Wills
2	Reason for the notification
b)	Position/Status:	PDMR
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  5,152
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Mathew Lapinski
2	Reason for the notification
b)	Position/Status:	PDMR
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  15,717
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Dan Tate, Jr.
2	Reason for the notification
b)	Position/Status:	PDMR
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  31,706
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Keenan Austin
2	Reason for the notification
b)	Position/Status:	Executive Director
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  31,523
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Rhoderick Shaw
2	Reason for the notification
b)	Position/Status:	PDMR
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  15,415
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Les Spivey
2	Reason for the notification
b)	Position/Status:	PDMR
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  15,415
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Erik Smith
2	Reason for the notification
b)	Position/Status:	PDMR
c)	Initial notification/Amendment:	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
d)	Name:	Public Policy Holding Company, Inc.
e)	LEI:	2138008Z7B1IXVVJAZ79
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
f)	Description of the financial instrument, type of   Identification Code	Common shares of $0.001 par value  ISIN: US7444301094
g)	Nature of the transaction:	Award of Restricted Stock Shares under Omnibus Plan scheme
h)	Price(s) and volume(s):	Price(s)  Volume(s)  125.04 pence  32,817
i)	Aggregated information:  ·      Aggregated volume  ·      Price	N/A single transaction  N/A single transaction
j)	Date of the transaction:	16 May 2024
k)	Place of the transaction:	Off market transaction

 

END