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Shaftesbury PLC (SHB)

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Friday 18 December, 2020

Shaftesbury PLC

Director/PDMR Shareholding

RNS Number : 2242J
Shaftesbury PLC
18 December 2020
 

Shaftesbury PLC (the "Company")

Director/PDMR shareholding

 

 

The following transactions were undertaken on 17 December 2020 by directors of the Company in the Deferred Annual Share Bonus Scheme ("DASBS") and Long Term Incentive Plan ("LTIP"): 

1.  Exercise of awards under the DASBS

Following the vesting of the DASBS awards granted in December 2017, the directors sold sufficient shares to meet income tax and national insurance liabilities and retained the balance. 

Name

Number of shares vesting in 2017 DASBS

Number of shares sold

Number of shares retained

Brian Bickell

41,944

18,941

23,003

Simon Quayle

29,618

13,970

15,648

Tom Welton

29,618

13,970

15,648

Chris Ward

29,276

13,808

15,468

The ordinary shares were sold at an average price of 5.5012 pence per share.

2.  Exercise of awards under the 2015 LTIP

 

The 2015 LTIP awards made to directors vested on the third anniversary of their grant (3 December 2018) and were subject to a two year post-vesting holding period.

 

The 2015 LTIP awards were exercised on 17 December 2020 with all directors selling sufficient shares to meet income tax and national insurance liabilities, and retained the balance.

 

Name

Number of shares vesting in 2015 LTIP

Number of shares sold

Number of shares retained

Brian Bickell

15,265

6,894

8,371

Simon Quayle

10,765

5,077

5,688

Tom Welton

10,765

5,077

5,688

Chris Ward

10,528

4,966

5,562

 

The ordinary shares were sold at an average price of 5.5012 pence per share.

Full details on the DASBS and LTIP schemes may be found in the Company's Annual Reports. 

 

3.  Vesting of awards under the 2017 LTIP

 

The vesting of LTIP awards made in 2017 are measured on a three-year performance period which ended on 30 September 2020. TSR and NAV were below the relevant benchmark, resulting in zero vesting.

 

Full details on the LTIP scheme may be found in the Company's Annual Report.

 

4.  Resulting Executive Directors Shareholdings

 

Following these transactions, the executive directors resulting shareholding in the Company is as follows:

 

Name

Number of shares held

Brian Bickell*

1,336,539

Simon Quayle

1,154,139

Tom Welton*

942,007

Chris Ward*

223,471

 

* Indicates holding inclusive of a person closely associated.

 

 

Desna Martin

Company Secretary

 

18 December 2020

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Brian Bickell

2

 

Reason for the notification

a)

 

Position/status

Chief Executive

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Shaftesbury PLC

b)

 

LEI

213800N7LHKFNTDKAT98

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 25p



Identification code

GB0007990962



b)

 

Nature of the transaction

Release of shares under the Company's Deferred Annual Share Bonus Scheme ("DASBS") and the sale of sufficient shares to meet tax and NI liability. The number below represents the number of shares retained following the sale.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)





23,003


 

 

 

 

 





d)

 

Aggregated information




- Aggregated volume

23,003



- Price

N/A



e)

 

Date of the transaction

17 December 2020

f)

 

Place of the transaction

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Simon Quayle

2

 

Reason for the notification

 

a)

 

Position/status

Executive Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Shaftesbury PLC

b)

 

LEI

213800N7LHKFNTDKAT98

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 25p



Identification code

GB0007990962



b)

 

Nature of the transaction

Release of shares under the Company's Deferred Annual Share Bonus Scheme ("DASBS") and the sale of sufficient shares to meet tax and NI liability. The number below represents the number of shares retained following the sale.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)





15,648


 

 

 

 

 

 





d)

 

Aggregated information




- Aggregated volume

15,648



- Price

N/A



e)

 

Date of the transaction

17 December 2020

f)

 

Place of the transaction

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Tom Welton

2

 

Reason for the notification

 

a)

 

Position/status

Executive Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Shaftesbury PLC

b)

 

LEI

213800N7LHKFNTDKAT98

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 25p



Identification code

GB0007990962



b)

 

Nature of the transaction

Release of shares under the Company's Deferred Annual Share Bonus Scheme ("DASBS") and the sale of sufficient shares to meet tax and NI liability. The number below represents the number of shares retained following the sale.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)





15,648


 

 

 

 

 

 





d)

 

Aggregated information




- Aggregated volume

15,648



- Price

N/A



e)

 

Date of the transaction

17 December 2020

f)

 

Place of the transaction

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Chris Ward

2

 

Reason for the notification

 

a)

 

Position/status

Finance Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Shaftesbury PLC

b)

 

LEI

213800N7LHKFNTDKAT98

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 25p



Identification code

GB0007990962



b)

 

Nature of the transaction

Release of shares under the Company's Deferred Annual Share Bonus Scheme ("DASBS") and the sale of sufficient shares to meet tax and NI liability. The number below represents the number of shares retained following the sale.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)





15,468


 

 

 

 

 

 





d)

 

Aggregated information




- Aggregated volume

15,468



- Price

N/A



e)

 

Date of the transaction

17 December 2020

f)

 

Place of the transaction

 

London Stock Exchange

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Brian Bickell

2

 

Reason for the notification

a)

 

Position/status

Chief Executive

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Shaftesbury PLC

b)

 

LEI

213800N7LHKFNTDKAT98

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 25p



Identification code

GB0007990962



b)

 

Nature of the transaction

Release of shares under the Company's Long Term Incentive Plan, and the sale of sufficient shares to meet tax and NI liability. The number below represents the number of shares retained following the sale.  

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)





8,371


 

 

 

 

 

 





d)

 

Aggregated information




- Aggregated volume

8,371



- Price

N/A



e)

 

Date of the transaction

17 December 2020

f)

 

Place of the transaction

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Simon Quayle

2

 

Reason for the notification

 

a)

 

Position/status

Executive Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Shaftesbury PLC

b)

 

LEI

213800N7LHKFNTDKAT98

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 25p



Identification code

GB0007990962



b)

 

Nature of the transaction

Release of shares under the Company's Long Term Incentive Plan, and the sale of sufficient shares to meet tax and NI liability. The number below represents the number of shares retained following the sale. 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)





5,688


 

 

 

 

 

 





d)

 

Aggregated information




- Aggregated volume

5,688



- Price

N/A



e)

 

Date of the transaction

17 December 2020

f)

 

Place of the transaction

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Tom Welton

2

 

Reason for the notification

 

a)

 

Position/status

Executive Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Shaftesbury PLC

b)

 

LEI

213800N7LHKFNTDKAT98

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 25p



Identification code

GB0007990962



b)

 

Nature of the transaction

Release of shares under the Company's Long Term Incentive Plan, and the sale of sufficient shares to meet tax and NI liability. The number below represents the number of shares retained following the sale. 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)





5,688


 

 

 

 

 

 





d)

 

Aggregated information




- Aggregated volume

5,688



- Price

N/A



e)

 

Date of the transaction

17 December 2020

f)

 

Place of the transaction

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Chris Ward

2

 

Reason for the notification

 

a)

 

Position/status

Finance Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Shaftesbury PLC

b)

 

LEI

213800N7LHKFNTDKAT98

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 25p



Identification code

GB0007990962



b)

 

Nature of the transaction

Release of shares under the Company's Long Term Incentive Plan, and the sale of sufficient shares to meet tax and NI liability. The number below represents the number of shares retained following the sale. 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)





5,562


 

 

 

 

 

 





d)

 

Aggregated information




- Aggregated volume

5,562



- Price

N/A



e)

 

Date of the transaction

17 December 2020

f)

 

Place of the transaction

 

London Stock Exchange

 

 

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