Director/PDMR Shareholding

RNS Number : 4895W

Rathbones Group PLC

17 April 2023

 

Rathbones Group Plc (the "Company")  

Notification of Transactions of Persons Discharging Managerial Responsibilities

The Company announces that the following PDMRs were granted share awards in accordance with the rules of the Rathbones Executive Share Performance Plan for 2023.

The Restricted Share Award will vest on the third anniversary of the grant date and a further two-year holding period will apply. These awards were made at a share price of £17.18, based on the average share price over five days preceding the grant date and discounted to reflect the absence of dividend equivalents over the three-year vesting period. The PDMRs will not be permitted to sell any shares during this time. 

The Deferred Share Award will vest over a three-year period in equal tranches of one third per annum. These awards were made at a share price of £18.74, £17.96 and £17.18, based on the average share price over five days preceding the grant date and discounted to reflect the absence of dividend equivalents over the annual vesting cycle. The awards are subject to malus and clawback provisions.

The notifications below, which have been made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.

Enquiries:

Ali Johnson

Company Secretary

Telephone - 07901 118456

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Stockton
2	Reason for the notification
a)	Position/status	G roup 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	Rathbones Group Plc
b)	LEI	213800MBTHM6UE8ZQP29
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 5p each ISIN: GB0002148343
b)	Nature of the transaction	Share awards grant made pursuant to the Rathbones Executive Share Performance Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		R estricted Share Award
		£17.18	21,425
		Deferred Share Award
		£18.74	1,924
		£17.96	2,007
		£17.18	2,099
d)	Aggregated information  - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	2 023-04-14
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jennifer Mathias
2	Reason for the notification
a)	Position/status	Group 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	Rathbones Group Plc
b)	LEI	213800MBTHM6UE8ZQP29
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 5p each ISIN: GB0002148343
b)	Nature of the transaction	Share awards grant made pursuant to the Rathbones Executive Share Performance Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		R estricted Share Award
		£17.18	14,765
		Deferred Share Award
		£18.74	1,351
		£17.96	1,410
		£17.18	1,474
d)	Aggregated information  - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	2 023-04-14
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Sarah Owen-Jones
2	Reason for the notification
a)	Position/status	Chief Risk Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rathbones Group Plc
b)	LEI	213800MBTHM6UE8ZQP29
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 5p each ISIN: GB0002148343
b)	Nature of the transaction	Share awards grant made pursuant to the Rathbones Executive Share Performance Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		R estricted Share Award
		£17.18	9,986
d)	Aggregated information  - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	2 023-04-14
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mike Webb
2	Reason for the notification
a)	Position/status	CEO of RUTM
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rathbones Group Plc
b)	LEI	213800MBTHM6UE8ZQP29
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 5p each ISIN: GB0002148343
b)	Nature of the transaction	Share awards grant made pursuant to the Rathbones Executive Share Performance Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		R estricted Share Award
		£17.18	12,727
d)	Aggregated information  - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	2 023-04-14
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Brodie
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rathbones Group Plc
b)	LEI	213800MBTHM6UE8ZQP29
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 5p each ISIN: GB0002148343
b)	Nature of the transaction	Share awards grant made pursuant to the Rathbones Executive Share Performance Plan.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		R estricted Share Award
		£17.18	12,002
d)	Aggregated information  - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	2 023-04-14
f)	Place of the transaction	Outside a trading venue

 

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