Ramsdens
Holdings PLC
("Ramsdens", the Group, or
the "Company")
Director/PDMR Shareholding
Ramsdens, the diversified financial
services provider and retailer, announces that on 18 April 2024,
the Company adopted its Long‐Term Incentive Plan 7 (the "Plan").
The Plan follows the principles of the Group's existing LTIPs, in
recognising the contribution of the management team for the three
years to FY26. The intention to grant the conditional awards was
disclosed in Ramsdens' 2023 Annual Report and Accounts, published
on 15 January 2024.
In accordance with the Group's
remuneration strategy, the Plan extends to 25 members of the Senior
Management Team, including CEO Peter Kenyon and CFO Martin Clyburn
(the "Executive Directors"). The awards granted over 1p Ordinary
Shares in the capital of the Company (the "Shares") are under one
incentive plan, however the Plan comprises two types of awards, a
wholly conditional award Long Term Incentive Plan (the "LTIP") and
a Company Share Option Plan (the "CSOP"). Vested awards under the
LTIP are exercisable at 1 pence per share and under the CSOP are
exercisable at 205 pence per share.
The Executive Directors have been
granted a total of 170,000 share options under the LTIP, to vest in
2027 in accordance with the Plan rules. These share options are
subject to the achievement of performance targets, with 50% of any
award linked to targeted increases in the Earnings per Share of the
Company, and the remaining 50% of any award based on the delivery
of the Total Shareholder Return. These targets will be measured
over the three financial years to 30 September 2026.
These grants represent the maximum
possible share awards to the Executive Directors should the
performance targets be achieved in full. The Plan rules include
malus and clawback provisions.
A further 180,000 share options have
been issued pursuant to the LTIP scheme to 13 members of the Senior
Management Team, including Michael Johnson (Operations Director),
Jason Carr (IT Director) and Mark Smith (Finance Director) with the
same performance criteria and rules.
In addition, 150,000 shares have
been issued under the CSOP scheme to 20 members of the Senior
Management Team. These awards have no performance criteria but
include malus and clawback provisions. Participants who leave the
Company before vesting will lose their award, subject to certain
limited 'good leaver' conditions.
The following table summarises the
awards issued.
|
Name
|
Roll
|
Number of LTIP
shares awarded
|
Number of
CSOP shares
awarded
|
|
Peter Kenyon
|
CEO (Director)
|
100,000
|
Nil
|
|
Martin Clyburn
|
CFO (Director)
|
70,000
|
Nil
|
|
Michael Johnson
|
Operations Director of trading
subsidiary
(PDMR)
|
50,000
|
Nil
|
|
Jason Carr
|
IT Director of trading
subsidiary
(PDMR)
|
30,000
|
Nil
|
|
Mark Smith
|
Finance Director of trading
subsidiary (PDMR)
|
30,000
|
Nil
|
|
|
A further ten members of the
Senior
Management Team have been
issued
both awards
|
70,000
|
75,000
|
|
|
Ten members of the Senior
Management Team have been
issued
CSOP only awards
|
Nil
|
75,000
|
DEALING NOTIFICATION FORM FOR USE BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED
PERSONS
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name: Peter Kenyon
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position/status: CEO
|
|
b)
|
Initial notification/Amendment: Initial
Notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name: Ramsdens Holdings PLC
|
|
b)
|
LEI: 2138009OAUOROKMFPK95
|
|
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 of 1p each.
Identification code: GB00BDR6V192
|
|
b)
|
Nature of the transaction:
Grant of options pursuant to LTIP
|
|
c)
|
|
Prices
|
Volumes
|
|
1p
|
100,000
|
|
|
d)
|
Aggregated information:
N/A
|
|
e)
|
Date of the transaction: 18 April
2024
|
|
f)
|
Place of the transaction: Outside a trading
venue
|
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name: Martin Clyburn
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position/status: CFO
|
|
b)
|
Initial notification/Amendment: Initial
Notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name: Ramsdens Holdings PLC
|
|
b)
|
LEI: 2138009OAUOROKMFPK95
|
|
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 of 1p each.
Identification code: GB00BDR6V192
|
|
b)
|
Nature of the transaction:
Grant of Options pursuant to
LTIP
|
|
c)
|
|
|
d)
|
Aggregated information:
N/A
|
|
e)
|
Date of the transaction: 18 April
2024
|
|
f)
|
Place of the transaction: Outside a trading
venue
|
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name: Michael Johnson
|
|
2.
|
Reason
for the notification
|
|
a)
|
Position/status: Operations Director of trading subsidiary
(PDMR)
|
|
b)
|
Initial notification/Amendment: Initial
Notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name: Ramsdens Holdings PLC
|
|
b)
|
LEI: 2138009OAUOROKMFPK95
|
|
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 of 1p each.
Identification code: GB00BDR6V192
|
|
b)
|
Nature of the transaction:
Grant of options pursuant to LTIP
|
|
c)
|
|
|
d)
|
Aggregated information:
N/A
|
|
e)
|
Date of the transaction: 18 April
2024
|
|
f)
|
Place of the transaction: Outside a trading
venue
|
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name: Jason Carr
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position/status: IT Director of trading
subsidiary
|
|
b)
|
Initial notification/Amendment: Initial
Notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name: Ramsdens Holdings PLC
|
|
b)
|
LEI: 2138009OAUOROKMFPK95
|
|
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 of 1p each.
Identification code: GB00BDR6V192
|
|
b)
|
Nature of the transaction:
Grant of options pursuant to LTIP
|
|
c)
|
|
|
d)
|
Aggregated information:
N/A
|
|
e)
|
Date of the transaction: 18 April
2024
|
|
f)
|
Place of the transaction: Outside a trading
venue
|
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name: Mark Smith
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position/status: Finance Director of trading
subsidiary
|
|
b)
|
Initial notification/Amendment: Initial
Notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name: Ramsdens Holdings PLC
|
|
b)
|
LEI: 2138009OAUOROKMFPK95
|
|
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 of 1p each.
Identification code: GB00BDR6V192
|
|
b)
|
Nature of the transaction:
Grant of options pursuant to LTIP
|
|
c)
|
|
|
d)
|
Aggregated information:
N/A
|
|
e)
|
Date of the transaction: 18 April
2024
|
|
f)
|
Place of the transaction: Outside a trading
venue
|
Enquiries:
Ramsdens Holdings PLC
Tel: +44 (0) 1642 579957
Peter Kenyon, CEO
Martin Clyburn, CFO
Liberum Capital Limited (Nominated Adviser)
Tel: +44 (0) 20 3100 2000
Richard Crawley
Hudson Sandler (Financial PR)
Tel: +44 (0) 20 7796 4133
Alex Brennan
Emily Brooker
Lucy Wollam
About Ramsdens
Ramsdens is a growing, diversified,
financial services provider and retailer, operating in the four
core business segments of foreign currency exchange, pawnbroking
loans, precious metals buying and selling and retailing of
second
hand and new jewellery. Ramsdens does
not offer unsecured high-cost short term credit. Headquartered in
Middlesbrough, the Group operates from 167 stores within the UK
(including 1 franchised store) and has a growing online
presence.
Ramsdens is fully FCA authorised for
its pawnbroking and credit broking activities.
www.ramsdensplc.com
www.ramsdensforcash.co.uk
