Director/PDMR Shareholding (correction)

RNS Number : 9947O

Rank Group PLC

13 October 2021

 

13 October 2021

The Rank Group Plc

LEI: 213800TXKD6XZWOFTE12

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with Article 19 of the Market Abuse Regulations (correction).

The first of three equal tranches of the block award granted to John O'Reilly on 28 June 2018 under The Rank Group Plc Long Term Incentive Plan 2010, based on performance over a four-year period ending on 30 June 2021, vested on 1 October 2021.  The second tranche of such award will vest on 1 October 2022 and the third tranche of such award will vest on 1 October 2023, in each case subject to continued employment.

The following table sets out the number of shares that vested on 1 October 2021 and the sale of sufficient shares to discharge the tax liability arising on the vested shares in accordance with instructions which took place on 5 October 2021:

Name and title	Total no. of Ordinary Shares vesting *	No. of Ordinary Shares sold to cover tax liabilities	Sale price per Ordinary Share	Shares retained as a result of the vesting *
John O'Reilly, Chief Executive	32,419	15,268	£1.6977	17,151

*corrected number of total shares vesting and retained (for the avoidance of doubt, no change to number of shares sold)

Mr O'Reilly is required to retain the vested shares (after any sales to discharge tax liabilities) for a two-year holding period that ends on the date on which the third and final tranche of the block award will vest.

The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John O'Reilly
2	Reason for Notification
a)	Position/status	Chief Executive
b)	Initial notification/Amendment	Amendment
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Rank Group Plc
b)	LEI	213800TXKD6XZWOFTE12
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 13 8/9 pence each in Rank Group Plc
	Identification code	GB00B1L5QH97
b)	Nature of the transaction	1.  Vesting of awards over Ordinary Shares granted on 28 June 2018 under The Rank Group Plc Long Term Incentive Plan 2010 2.  Sale of Ordinary Shares to meet tax liabilities arising from such vesting
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. Nil Shares vesting: 32,419 2. £1.6977 Shares sold: 15,268
d)	Aggregated information -  Aggregated volume -  Price	Not applicable
e)	Date of the transaction	1.  1 October 2021 2.  5 October 2021
f)	Place of the transaction	1.  Outside a trading venue 2.  London Stock Exchange, XLON

Enquiries: Luisa Wright, Company Secretary  Tel: [phone]

 

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