Director/PDMR Shareholding

Network International Holdings PLC

21 August 2023

 

21 August 2023 

Network International Holdings plc

("Network International" or the "Company")

Notification and public disclosure of vesting of LTIP Awards to Directors and Persons Discharging Managerial Responsibilities ("PDMR")

This announcement is made in accordance with Article 19 of the Market Abuse Regulation ('MAR') and relates to the vesting of shares by the Executive Director, who is also a PDMR, under the Company's Long Term Incentive Plan ('LTIP').

The award relates to the 2020 LTIP and is referred to in the Group's 2022 Annual Report and Accounts. The award was conditional on continued employment with the Group and on the satisfaction of the performance conditions approved by the Remuneration Committee, which must be retained until the shareholding requirement is met, and in any event for Executive Directors, two years after receipt. This award is subject to malus and clawback provisions.

A copy of the FCA notification form in respect of vesting of the award to a PDMR, as required under the EU Market Abuse Regulation and in the prescribed format, is set out below.

Notification of a Transaction pursuant to Article 19(3) of the EU Market Abuse Regulation No. 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rohit Malhotra
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	Network International Holdings plc
b)	LEI	213800XVRNKWENNLKK60
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	Shares GB00BH3VJ782
b)	Nature of the transaction	Vesting of shares in respect of the Long Term Incentive Plan ('LTIP') 2020 award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 104,400 ordinary shares
d)	Aggregated information - Aggregated volume - Price	104,400 Nil
e)	Date of the transaction	19 August 2023
f)	Place of the transaction	London Stock Exchange, Main Market

Enquiries

Network International Jay Razzaq: Chief Risk Officer & Group Company Secretary	[e-mail]
Amie Gramlick: Senior Vice President Finance - FP&A and Investor Relations	[e-mail]

Media enquiries

Teneo                                                                                                [e-mail]

Anthony Di Natale, Andy Parnis

 

END