Grant of share awards under LTIP

RNS Number : 6153Z

Network International Holdings PLC

21 May 2019

 

GRANT OF SHARE AWARDS UNDER LONG TERM INCENTIVE PLAN

LONDON (UK), 21 May 2019 - Network International Holdings plc (LSE: NETW) (the Company) has granted conditional share awards (the Awards) under the Network International Holdings Long Term Incentive Plan (the LTIP) to the executive directors and senior managers listed in the table below (the Participants), over the number of ordinary shares in the Company (Shares) set out against each Participant's name.

Name	Number of Shares subject to Award
Simon Haslam	145,479
Rohit Malhotra	95,803
Samer Soliman	80,621
Andrew Key	74,586

The Awards vest, in accordance with the rules of the LTIP, subject to the achievement of financial performance targets over a three year performance period. The performance conditions measure the Company's EPS, TSR and Revenue. The performance conditions were chosen as key indicators of shareholder value, and calibrated to reward sustainable long term performance of the Company and value creation for shareholders. 

A two year holding period applies to 100 per cent. of the vested Shares subject to the Awards granted to Simon Haslam and Rohit Malhotra. 40 per cent. of the vested Shares subject to the Awards granted to all other Participants is subject to a holding period, which will cease to apply after one year in respect of half of those Shares, and after two years in respect of the remaining half of those Shares.  The vesting of the Awards is subject to malus provisions, and a two year post-vesting clawback period applies to all Awards.

A copy of the FCA notification form in respect of the grant of the Awards to each 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(1) of Regulation (EU) No. 596/2014

1.	Details of PDMR
a)	Name	Simon Haslam
2.	Reason for the notification
a)	Position / status	Chief Executive Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Network International Holdings Plc
b)	Legal Entity Identifier	213800XVRNKWENNLKK60
4.	Details of the transaction(s)
a)	Description of the financial instrument	Shares
b)	Identification code	GB00BH3VJ782
c)	Nature of the transaction	Grant of Awards under the Network International Holdings Long Term Incentive Plan
d)	Price(s) and volume(s)	Price Volume £0.00 145,479 Ordinary Shares
e)	Aggregated information -     Aggregated volume -     Aggregated price	N/A - single transaction
f)	Date of the transaction	17 May 2019 (UK)
g)	Place of the transaction	London Stock Exchange, Main Market
1.	Details of PDMR
a)	Name	Rohit Malhotra
2.	Reason for the notification
a)	Position / status	Chief Financial Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Network International Holdings Plc
b)	Legal Entity Identifier	213800VRNKWENNLKK60
4.	Details of the transaction(s)
a)	Description of the financial instrument	Shares
b)	Identification code	GB00BH3VJ782
c)	Nature of the transaction	Grant of Awards under the Network International Holdings Long Term Incentive Plan
d)	Price(s) and volume(s)	Price Volume £0.00 95,803 Ordinary Shares
e)	Aggregated information -     Aggregated volume -     Aggregated price	N/A - single transaction
f)	Date of the transaction	17 May 2019 (UK)
g)	Place of the transaction	London Stock Exchange, Main Market

1.	Details of PDMR
a)	Name	Samer Soliman
2.	Reason for the notification
a)	Position / status	Managing Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Network International Holdings Plc
b)	Legal Entity Identifier	213800VRNKWENNLKK60
4.	Details of the transaction(s)
a)	Description of the financial instrument	Shares
b)	Identification code	GB00BH3VJ782
c)	Nature of the transaction	Grant of Awards under the Network International Holdings Long Term Incentive Plan
d)	Price(s) and volume(s)	Price Volume £0.00 80,621 Ordinary Shares
e)	Aggregated information -     Aggregated volume -     Aggregated price	N/A - single transaction
f)	Date of the transaction	17 May 2019 (UK)
g)	Place of the transaction	London Stock Exchange, Main Market

1.	Details of PDMR
a)	Name	Andrew  Key
2.	Reason for the notification
a)	Position / status	Managing Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer
a)	Name	Network International Holdings Plc
b)	Legal Entity Identifier	213800VRNKWENNLKK60
4.	Details of the transaction(s)
a)	Description of the financial instrument	Shares
b)	Identification code	GB00BH3VJ782
c)	Nature of the transaction	Grant of Awards under the Network International Holdings Long Term Incentive Plan
d)	Price(s) and volume(s)	Price Volume £0.00 74,586 Ordinary Shares
e)	Aggregated information -     Aggregated volume -     Aggregated price	N/A - single transaction
f)	Date of the transaction	17 May 2019 (UK)
g)	Place of the transaction	London Stock Exchange, Main Market

 

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