Merit Group PLC Director/PDMR Shareholding
May 01 2024 - 2:00AM
RNS Regulatory News
RNS Number : 7067M
Merit Group PLC
01 May 2024
1 May 2024
Merit Group Plc
("Merit", the
"Company" or the "Group")
Director/PDMR
Shareholding
Update on Awards granted under the Merit
Group plc Performance Share Plan 2022
Merit Group Plc (AIM: MRIT), the AIM-listed data
and intelligence business, today announces it has approved an
amendment to the terms of options granted to Philip Machray (the
"Options") under the rules of the Merit Group plc Performance Share
Plan 2022. The grant of the Options was announced on 17 November
2021.
On 26 January 2024, the Company announced the
appointment of Philip Machray as Chief Executive Officer. In
connection with the appointment, Merit's Remuneration Committee
determined that it was appropriate to amend the performance periods
attaching to the Options as follows:
|
Name
|
Position
|
Original Performance
Period
|
Amended Performance
Period
|
|
Philip Machray
|
CEO and CFO
|
The period commencing on 17 November 2021 and
ending on 17 November 2024
|
The period commencing on 17 November 2021 and
ending on 17 November 2027
|
Except as set out in this announcement, the
terms of the Options remain as announced on 17 November
2021.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
The information set out below is
provided in accordance with the requirements of 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
|
Philip
Machray
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive
Officer and 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
|
Merit Group plc
|
|
b)
|
LEI
|
213800HG65J6TYGNJU20
|
|
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 28 pence each
ISIN: GB00BNYKJJ86
|
|
b)
|
Nature of the transaction
|
Change of performance criteria - end of
performance period extended from 17 November 2024 to 17 November
2027
|
|
c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
|
N/a
|
N/a
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/a
N/a
|
|
e)
|
Date of the transaction
|
30 April
2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
For
further information, please contact:
|
|
|
Merit Group plc
|
|
|
Mark Smith - Chairman
Phil Machray - CEO & CFO
www.meritgroupplc.com
|
020 7593 5500
020 7593 5518
|
|
Canaccord Genuity Limited (Nomad and Broker)
Bobbie Hilliam
Harry Pardoe
|
020 7523 8150
|
|
|
|
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END
DSHURORRSOUSOUR
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