Director/PDMR Shareholding

RNS Number : 6908O

Ramsdens Holdings PLC

11 February 2021

 

Ramsdens Holdings PLC

("Ramsdens" or the "Company")

Director/PDMR transaction notification

Ramsdens, the diversified financial services provider and retailer, announces that on 8 February 2021, 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)	120,000
Martin Clyburn	CFO (Director)	80,000
Mike Johnson	Operations Director of trading subsidiary (PDMR)	60,000
Jason Carr	IT Director of trading subsidiary (PDMR)	20,000

The intention to grant the conditional awards was disclosed in Ramsdens' 2020 Annual Report and Accounts, published on the 18 December 2020.

The LTIP awards for the Directors and PDMRs will vest in 2023 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 period of the three financial years to 31^st March 2023.  The amounts shown above represent the maximum amount of shares that could be awarded to the executive team should the performance targets be achieved.

A further 17 members of the senior management team have been granted conditional awards as part of the Company's remuneration strategy to align the senior team with its shareholders and longer-term objectives. 

The below notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Peter Kenyon
2	Reason for the notification
a)	Position/status	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	Ramsdens Holdings PLC
b)	LEI	2138009OAUOROKMFPK95
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	Ordinary shares of £0.01 in Ramsdens Holdings PLC ISIN: GB00BDR6V192
b)	Nature of the transaction	Grant of LTIP award under Ramsdens Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 120,000
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	8 February 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Martin Clyburn
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	Ramsdens Holdings PLC
b)	LEI	2138009OAUOROKMFPK95
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	Ordinary shares of £0.01 in Ramsdens Holdings PLC ISIN: GB00BDR6V192
b)	Nature of the transaction	Grant of LTIP award under Ramsdens Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 80,000
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	8 February 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michael Johnson
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ramsdens Holdings PLC
b)	LEI	2138009OAUOROKMFPK95
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	Ordinary shares of £0.01 in Ramsdens Holdings PLC ISIN: GB00BDR6V192
b)	Nature of the transaction	Grant of LTIP award under Ramsdens Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 60,000
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	8 February 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jason Carr
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ramsdens Holdings PLC
b)	LEI	2138009OAUOROKMFPK95
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	Ordinary shares of £0.01 in Ramsdens Holdings PLC ISIN: GB00BDR6V192
b)	Nature of the transaction	Grant of LTIP award under Ramsdens Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 20.000
d)	Aggregated information -  Aggregated volume -  Price	N/A
e)	Date of the transaction	8 February
f)	Place of the transaction	Outside a trading venue

Enquiries:

Ramsdens Holdings PLC      Tel: [phone]

Peter Kenyon, CEO

Martin Clyburn, CFO

Liberum Capital Limited, Nominated Adviser             Tel: [phone]

Richard Crawley

Lauren Kettle

Hudson Sandler (Financial PR)   Tel: [phone]

Alex Brennan

Lucy Wollam

 

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