MOBICO GROUP
PLC
(the
"Company")
Director/PDMR Share Awards
and Share Purchase
The Company provides notification of
the following transactions, all effected on 22 April 2024, relating
to the below named PDMRs and their interests in the ordinary shares
of nominal value 5p each in the capital of the Company
("Shares") (ISIN:
GB0006215205).
The transactions arise in respect
of:
i. the deferred vesting
on 22 April 2024 of forfeitable Shares awarded to Ignacio Garat and
James Stamp on 27 March 2023 under the rules of the Company's
Executive Deferred Bonus Plan ("EDBP") in relation to the deferred
element of their 2022 annual bonuses, with such vesting being
delayed from 27 March 2024 due to the Company being in a closed
period until 22 April 2024;
ii. the immediate sale
of a sufficient number of such forfeitable Shares to cover tax and
dealing cost liabilities arising on that vest; and
iii. the purchase of
Shares by Mr Garat and Mr Stamp using the dividends paid on their
forfeitable Shares since 27 March 2023 (net of taxes and dealing
costs) (the "Dividend
Amount").
Individual PDMR details are set out
in the table below:
|
Name
and position of PDMR
|
Number of forfeitable Shares vested and sold as per (i)
and (ii) above ¹ ² ³
|
Number of shares purchased using the Dividend Amount as per
(iii) 4
|
Total unrestricted beneficial interest held in Shares
following the transactions 5
|
Total other
interest held in
Shares following the transactions 6
7
|
|
Ignacio Garat, Group Chief Executive
Officer
|
252,093
vested of which 118,723 were sold to cover tax and dealing
costs
|
15,601
|
274,659
|
1,193,263
|
|
James Stamp, Group Chief Financial
Officer
|
31,595
vested of which 14,880 were sold to cover tax and dealing
costs
|
1,925
|
73,0328
|
595,646
|
¹ The Shares sold comprise those
sold to cover the immediate income tax, social security and dealing
cost liabilities arising on vesting of the forfeitable Shares
awarded under the EDBP.
² All Shares delivered to the
individuals in relation to the forfeitable Shares awarded under the
EDBP are existing Shares delivered through the Company's Employee
Benefit Trust.
³ Malus and clawback will apply to
the forfeitable Shares awarded under the EDBP for two-years from
the date of award, including post termination of
employment.
4 PDMRs were entitled to receive dividends that were paid on the
forfeitable Shares awarded under the EDBP while they were held in
the Employee Benefit Trust during the vest period. The PDMRs agreed
to use these dividends (after deduction of taxes and dealing costs)
to purchase additional shares in the Company. The Shares purchased
by the PDMRs were purchased at a share price of £0.5695 per Share
on the London Stock Exchange on 22 April 2024.
5 Including those held by the PDMR's connected
persons.
6 Represents outstanding awards granted under the Company's
Long-Term Incentive Plan.
7 The options granted under the Long-Term Incentive Plan on 22
March 2021 (which were due to vest on 22 March 2024) have lapsed in
full.
8The previously reported number of shares beneficially owned by
Mr Stamp was 54,464. This was a transcription error. The correct
number of shares beneficially owned by him prior to this
announcement was 54,392. This consisted of 4,108 shares acquired
following the exercise of his 2018 LTIP prior to being a director,
13,043 shares which he purchased in the placing on 6 May 2020 prior
to him becoming a director and 37,241 shares which he purchased in
May and June 2023 as previously announced on 2 June
2023.
|
1.
|
Details of PDMR / PCA
|
|
|
Full Name
|
Ignacio Garat
|
|
|
Position / status
|
Group Chief Executive Officer,
PDMR
|
|
|
Initial notification /
amendment
|
Initial notification
|
|
2.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
|
Name
|
Mobico Group PLC
|
|
LEI
|
213800A8IQEMY8PA5X34
|
|
3.
|
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
|
|
|
Description of the financial
instrument
|
Ordinary shares of 5p
each
|
|
|
Identification code
|
GB0006215205
|
|
|
Nature of the transaction
|
1. Vest of 2023 share award under the Mobico Group PLC (the
"Company") Executive
Deferred Bonus Plan ("EDBP");
2. Sale of sufficient shares from the 2023 share award under the
Company's EDBP to cover tax, social security and dealing cost
liabilities; and
3. Purchase of shares.
|
|
|
Price(s) and
volume(s)
|
|
|
Price(s)
|
Volume(s)
|
Total
|
|
1.
|
£ n/a
|
252,093
|
£0.00
|
|
2.
|
£0.556618
|
118,723
|
£66,083.36
|
|
3.
|
£0.5695
|
15,601
|
£8,884.77
|
|
|
|
Date of the transaction
|
22 April 2024
|
|
|
Place of the transaction
|
1. Off
market
2. London
Stock Exchange
3. London
Stock Exchange
|
|
|
|
| |
|
1.
|
Details of PDMR / PCA
|
|
|
Full Name
|
James Stamp
|
|
|
Position / status
|
Group Chief Financial Officer,
PDMR
|
|
|
Initial notification /
amendment
|
Initial notification
|
|
2.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
|
Name
|
Mobico Group PLC
|
|
LEI
|
213800A8IQEMY8PA5X34
|
|
3.
|
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
|
|
|
Description of the financial
instrument
|
Ordinary shares of 5p
each
|
|
|
Identification code
|
GB0006215205
|
|
|
Nature of the transaction
|
1. Vest of 2023 share award under the Mobico Group PLC (the
"Company") Executive
Deferred Bonus Plan ("EDBP");
2. Sale of sufficient shares from the 2023 share award under the
Company's EDBP to cover tax, social security and dealing cost
liabilities; and
3. Purchase of shares.
|
|
|
Price(s) and
volume(s)
|
|
|
Price(s)
|
Volume(s)
|
Total
|
|
1.
|
£ n/a
|
31,595
|
£0.00
|
|
2.
|
£0.556618
|
14,880
|
£8,282.48
|
|
3.
|
£0.5695
|
1,925
|
£1,096.29
|
|
|
|
Date of the transaction
|
22 April 2024
|
|
|
Place of the transaction
|
1.Off
market
2. London
Stock Exchange
3.London
Stock Exchange
|
|
|
|
| |
The above notice is given in
fulfilment of the Company's obligation under DTR 3.1 and Article 19
of the EU Market Abuse Regulation 596/2014 as incorporated into UK
domestic law by the European Union (Withdrawal) Act
2018.
- END -
Mobico Group contacts and telephone
number for enquiries:
Simon Callander, Group General
Counsel & Company Secretary
+44 (0) 7795 232 708
Gillian Saunderson, Deputy Company
Secretary
+44 (0) 7471 142 961
Notes:
Legal Entity
Identifier: 213800A8IQEMY8PA5X34
Classification: 3.1 (with reference
to DTR6 Annex 1R)