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Director/PDMR Shareholding

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Daily Mail and General Trust plc (DMGT)
23-Nov-2021 / 14:45 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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.

 

The Company today confirms a long-term award under the DMGT Executive Director Long-term Incentive Plan (the "ED LTIP"), to each of the executive directors below, as outlined in the Company's Remuneration Policy and 2020 Annual Report.

 

The awards under the ED LTIP are granted on the terms that shares will normally only be delivered at the end of a ten-year period, subject to the rules of the ED LTIP, including leaver provisions, Company event provisions and cash settlement provisions. The Awards will accrue over an accrual period of ten years. The accrual period for the Awards will work in such a way that the Awards will accrue annually at a rate of one-tenth each year from the end of year one to the end of year ten.

 

The Award covers the ten-year period from 1 October 2021 to 30 September 2031, with the number of shares under the award calculated by reference to a share price of £9.89 (the volume weighted average share price ('VWAP') for the twelve months up to and including the first 3 days following the release of FY 2021 results).

 

 

The vesting outcome is subject to acceptable financial performance over a ten-year period.

 

No further Awards under the ED LTIP are currently envisaged to be granted to the existing Executive Directors before 1 October 2029.

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Lord Rothermere

2

Reason for the notification

a)

Position/status

Executive Chairman

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of Award under the rules of the DMGT Executive Director Long-term Incentive Plan (the "Plan"). The Award will be satisfied in A Ordinary non-voting shares at the end of a 10 year accrual period, subject to the rules of the Plan, including leaver provisions, Company event provisions and cash settlement provisions.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0

589,957 shares

 

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

23 November 2021

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Paul Zwillenberg

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of Award under the rules of the DMGT Executive Director Long-term Incentive Plan (the "Plan"). The Award will be satisfied in A Ordinary non-voting shares at the end of a 10 year accrual period, subject to the rules of the Plan, including leaver provisions, Company event provisions and cash settlement provisions.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0

528,750 shares

 

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

23 November 2021

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Tim Collier

2

Reason for the notification

a)

Position/status

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

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of Award under the rules of the DMGT Executive Director Long-term Incentive Plan (the "Plan"). The Award will be satisfied in A Ordinary non-voting shares at the end of a 10 year accrual period, subject to the rules of the Plan, including leaver provisions, Company event provisions and cash settlement provisions.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0

352,377 shares

 

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

23 November 2021

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kevin Beatty

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

Daily Mail and General Trust plc

b)

LEI

4OFD47D73QFJ1T1MOF29

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

A Ordinary Non-Voting Shares of 12.5 pence each


GB00BJQZC279

b)

Nature of the transaction

Grant of Award under the rules of the DMGT Executive Director Long-term Incentive Plan (the "Plan"). The Award will be satisfied in A Ordinary non-voting shares at the end of a 10 year accrual period, subject to the rules of the Plan, including leaver provisions, Company event provisions and cash settlement provisions.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0

419,414 shares

 

 

d)

Aggregated information

-

Aggregated volume

-

Price

 

 Not applicable, single transaction.

e)

Date of the transaction

23 November 2021

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

Name of officer responsible for making notification: Fran Sallas, Company Secretary DMGT, 0203 615 2904


ISIN:

GB00BJQZC279

Category Code:

DSH

TIDM:

DMGT

LEI Code:

4OFD47D73QFJ1T1MOF29

OAM Categories:

3.1. Additional regulated information required to be disclosed under the laws of a Member State

Sequence No.:

127516

EQS News ID:

1251464


 

End of Announcement

EQS News Service

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