Director/PDMR Shareholding

Ramsdens Holdings PLC

19 April 2024

 

Ramsdens Holdings PLC

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

Director/PDMR Shareholding

Ramsdens, the diversified financial services provider and retailer, announces that on 18 April 2024, the Company adopted its Long‐Term Incentive Plan 7 (the "Plan"). The Plan follows the principles of the Group's existing LTIPs, in recognising the contribution of the management team for the three years to FY26. The intention to grant the conditional awards was disclosed in Ramsdens' 2023 Annual Report and Accounts, published on 15 January 2024.

In accordance with the Group's remuneration strategy, the Plan extends to 25 members of the Senior Management Team, including CEO Peter Kenyon and CFO Martin Clyburn (the "Executive Directors"). The awards granted over 1p Ordinary Shares in the capital of the Company (the "Shares") are under one incentive plan, however the Plan comprises two types of awards, a wholly conditional award Long Term Incentive Plan (the "LTIP") and a Company Share Option Plan (the "CSOP"). Vested awards under the LTIP are exercisable at 1 pence per share and under the CSOP are exercisable at 205 pence per share.

The Executive Directors have been granted a total of 170,000 share options under the LTIP, to vest in 2027 in accordance with the Plan rules. These share options are subject to the achievement of performance targets, with 50% of any award linked to targeted increases in the Earnings per Share of the Company, and the remaining 50% of any award based on the delivery of the Total Shareholder Return. These targets will be measured over the three financial years to 30 September 2026.

These grants represent the maximum possible share awards to the Executive Directors should the performance targets be achieved in full. The Plan rules include malus and clawback provisions.

A further 180,000 share options have been issued pursuant to the LTIP scheme to 13 members of the Senior Management Team, including Michael Johnson (Operations Director), Jason Carr (IT Director) and Mark Smith (Finance Director) with the same performance criteria and rules.

In addition, 150,000 shares have been issued under the CSOP scheme to 20 members of the Senior Management Team. These awards have no performance criteria but include malus and clawback provisions. Participants who leave the Company before vesting will lose their award, subject to certain limited 'good leaver' conditions.

The following table summarises the awards issued.

Name	Roll	Number of LTIP shares awarded	Number of CSOP shares awarded
Peter Kenyon	CEO (Director)	100,000	Nil
Martin Clyburn	CFO (Director)	70,000	Nil
Michael Johnson	Operations Director of trading subsidiary (PDMR)	50,000	Nil
Jason Carr	IT Director of trading subsidiary (PDMR)	30,000	Nil
Mark Smith	Finance Director of trading subsidiary (PDMR)	30,000	Nil
	A further ten members of the Senior Management Team have been issued both awards	70,000	75,000
	Ten members of the Senior Management Team have been issued CSOP only awards	Nil	75,000

DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Peter Kenyon
2.	Reason for the notification
a)	Position/status: CEO
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: Ordinary shares of 1p each. Identification code: GB00BDR6V192
b)	Nature of the transaction: Grant of options pursuant to LTIP
c)	Prices Volumes 1p 100,000
d)	Aggregated information: N/A
e)	Date of the transaction: 18 April 2024
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: CFO
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: Ordinary shares of 1p each. Identification code: GB00BDR6V192
b)	Nature of the transaction:  Grant of Options pursuant to LTIP
c)	Prices Volumes 1p 70,000
d)	Aggregated information: N/A
e)	Date of the transaction:  18 April 2024
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: Operations Director of trading subsidiary (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: Ordinary shares of 1p each. Identification code: GB00BDR6V192
b)	Nature of the transaction: Grant of options pursuant to LTIP
c)	Prices Volumes 1p 50,000
d)	Aggregated information: N/A
e)	Date of the transaction: 18 April 2024
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: IT Director of trading subsidiary
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: Ordinary shares of 1p each. Identification code: GB00BDR6V192
b)	Nature of the transaction: Grant of options pursuant to LTIP
c)	Prices Volumes 1p 30,000
d)	Aggregated information: N/A
e)	Date of the transaction: 18 April 2024
f)	Place of the transaction: Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name: Mark Smith
2.	Reason for the notification
a)	Position/status: Finance Director of trading subsidiary
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: Ordinary shares of 1p each. Identification code: GB00BDR6V192
b)	Nature of the transaction: Grant of options pursuant to LTIP
c)	Prices Volumes 1p 30,000
d)	Aggregated information: N/A
e)	Date of the transaction: 18 April 2024
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

Hudson Sandler (Financial PR)                                    Tel: [phone]

Alex Brennan

Emily Brooker

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. Ramsdens does not offer unsecured high-cost short term credit. Headquartered in Middlesbrough, the Group operates from 167 stores within the UK (including 1 franchised store) and has a growing online presence.

Ramsdens is fully FCA authorised for its pawnbroking and credit broking activities.

www.ramsdensplc.com

www.ramsdensforcash.co.uk

 

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