Director/PDMR Shareholding

RNS Number : 8941F

Ramsdens Holdings PLC

17 July 2019

 

Ramsdens Holdings PLC

("Ramsdens", "the Company")

Director/PDMR Shareholding

Ramsdens, the diversified financial services provider and retailer, announces that on 16 July 2019, the following conditional awards were granted over 1p ordinary shares in the capital of the Company under the Ramsdens Long Term Incentive Plan ("LTIP").

Executives	Role	Number of LTIP shares awarded
Peter Kenyon	CEO (Director)	50,000
Martin Clyburn	CFO (Director)	25,000
Mike Johnson	Operations Director of trading subsidiary (PDMR)	25,000
Jason Carr	IT Director of trading subsidiary (PDMR)	15,000

The intention to grant the conditional awards was disclosed in Ramsdens' 2019 Annual Report and Accounts, published on the 12 June 2019.

The LTIP awards for the Directors and PDMRs will vest in 2022 in accordance with the plan rules and are subject to the achievement of performance targets with 50% of any award based on growing the Earnings per Share and 50% of any award based on the delivery of the Total Shareholder Return.

These targets will be measured over a three-year performance period for the three financial years to 31 March 2022.  The amounts shown above represent the maximum possible awards to the executive team should the performance targets be achieved.

A further 120,000 shares as part of the conditional awards have been issued to 14 members of the senior management team as part of the Company's remuneration strategy to align the senior team with its shareholders and longer-term objectives. 

Enquiries:

Ramsdens Holdings PLC                                                               Tel: [phone]

Peter Kenyon, CEO

Martin Clyburn, CFO

Liberum Capital Limited (Nominated Adviser)                            Tel: [phone]

Richard Crawley

Joshua Hughes

Hudson Sandler (Financial PR)                                                    Tel: [phone]

Alex Brennan

Lucy Wollam

About Ramsdens

Ramsdens is a growing, diversified, financial services provider and retailer, operating in the four core business segments of foreign currency exchange, pawnbroking loans, precious metals buying and selling and retailing of second hand and new jewellery.

 Headquartered in Middlesbrough, the Group operates from 163 stores within the UK (including 4 franchised stores) and has a small but growing online presence.

 During the FY19 financial year, the Group served over 830,000 customers across its different services. Ramsdens is fully FCA authorised for its pawnbroking and credit broking activities.

www.ramsdensplc.com                                               

www.ramsdensforcash.co.uk

 

END

 

 

DSHSFMFMWFUSESW