Director/PDMR Shareholding

RNS Number : 3494I
Rank Group PLC
23 November 2018
 

23 November 2018

 

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.

On 22 November 2018 the following awards over ordinary shares of 13 8/9 pence in The Rank Group Plc (the "Company") were granted under The Rank Group 2010 Long-Term Incentive Plan to the following person(s) discharging managerial responsibilities:

PDMR

No. of shares under Award

Bill Floydd

770, 713

Luisa Wright

367,776

The awards will ordinarily vest in three tranches, each representing a distinct one-third of the number of vested shares under the award, on 22 November 2021, 1 October 2022 and 1 October 2023. In each case, vesting shall be subject to the grantee's continued service and to the extent to which the performance conditions set for the award are satisfied. The performance conditions measure a blend of financial targets (as to 70% of each award) and strategic targets (as to the remaining 30% of each award).

Details of the full notifications received by the Company are set out below.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bill Floydd

2

Reason for Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial Announcement

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

Grant of a conditional award under The Rank Group 2010 Long-Term Incentive Plan. The award will ordinarily vest in three equal tranches on 22 November 2021, 1 October 2022 and 1 October 2023, subject to the grantee's continued service and to the extent to which the performance conditions are met.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

770, 713

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

22 November 2018

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Luisa Wright

2

Reason for Notification

a)

Position/status

Group General Counsel & Company Secretary

b)

Initial notification/Amendment

Initial Announcement

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

Grant of a conditional award under The Rank Group 2010 Long-Term Incentive Plan. The award will ordinarily vest in three equal tranches on 22 November 2021, 1 October 2022 and 1 October 2023, subject to the grantee's continued service and to the extent to which the performance conditions are met.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

367,776

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

22 November 2018

f)

Place of the transaction

Outside a trading venue

Enquiries:                 Luisa Wright, Company Secretary                     Tel:  01628 504000


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