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Form 8 (DD) - Kevin Beatty

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Daily Mail and General Trust plc (DMGT)
23-Nov-2021 / 14:47 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

FORM 8 (DD)

 

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

 

1. KEY INFORMATION

 

(a) Full name of discloser:

Kevin Beatty

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

 The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.

N/A

 

 

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

 Use a separate form for each offeror/offeree

Daily Mail and General Trust plc ("DMGT")

(d) Status of person making the disclosure:

 e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)

Person acting in concert with the offeree (DMGT)

(e) Date dealing undertaken:

23 November 2021

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

 If it is a cash offer or possible cash offer, state "N/A"

N/A

 

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing

 

Class of relevant security:

 

DMGT 12.5p (non-voting) A ordinary

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

607,141

0.29

Nil

Nil

(2) Cash-settled derivatives:

 

Nil

Nil

Nil

Nil

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

Nil

Nil

Nil

 

 TOTAL:

607,141

0.29

Nil

Nil

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b) Rights to subscribe for new securities (including directors' and other employee options)

 

Class of relevant security in relation to which subscription right exists:

DMGT 12.5p (non-voting) A Ordinary

Details, including nature of the rights concerned and relevant percentages:

Plan name

DMGT Deferred Bonus Plan

DMGT Deferred Bonus Plan

DMGT Deferred Bonus Plan

DMGT Executive Director LTIP

DMGT Executive Director LTIP

DMGT Executive Director LTIP

Award date

06.12.2018

10.12.2019

23.11.2021

31.03.2021

31.03.2021

23.11.2021

Vesting date

06.12.2020

10.12.2021

23.11.2023

30.09.2029

30.09.2030

30.09.2031

Option price

Nil

Nil

Nil

Nil

Nil

Nil

Unvested options / awards

Nil

22,745

16,819

608,033

561,452

419,414

Vested options / awards

12,729

Nil

Nil

Nil

Nil

Nil

Total options / awards outstanding

13,337**

22,745

16,819

608,033

561,452

419,414

**The total number of options was adjusted pursuant to DMGT's sale of its stake in Euromoney.

 

 

3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a) Purchases and sales

 

(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)

 

Class of relevant security

Purchase/sale

 

Number of securities

Price per unit

N/A

N/A

N/A

N/A

 

(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser

 

Class of relevant security

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

N/A

N/A

N/A

N/A

N/A

 

(b) Cash-settled derivative transactions

 

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

N/A

N/A

N/A

N/A

N/A

 

(c) Stock-settled derivative transactions (including options)

 

(i) Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

(ii) Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

N/A

N/A

N/A

N/A

N/A

 

(d) Other dealings (including subscribing for new securities)

 

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

DMGT 12.5p (non-voting) A Ordinary

Grant of awards under the DMGT Executive Director Long-term Incentive Plan

 

Grant of award over 419,414 A Ordinary shares under the rules of the DMGT Executive Director Long-term Incentive Plan (the "Plan") 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 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.

£0

DMGT 12.5p (non-voting) A Ordinary

Grant of options under the DMGT Deferred Bonus Plan

 

Grant of a Deferred Bonus Award of Nil-Cost Options over 16,819 A Ordinary shares with a normal vesting period of two years, calculated with reference to a price of £10.97.  The price used is the average of a three-day period following the announcement of the FY 2021 results.

£0

 

 

4. OTHER INFORMATION

 

(a) Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer or person acting in concert making the disclosure and any other person:

Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

None.

 

 

 

(b) Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer or person acting in concert making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None.

 

 

(c) Attachments

 

Are any Supplemental Forms attached?

 

Supplemental Form 8 (Open Positions)

NO

Supplemental Form 8 (SBL)

NO

 

 

Date of disclosure:

23 November 2021

Contact name:

Fran Sallas

Company secretary of DMGT

Telephone number:

+44 (0)20 3615 2904

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.


ISIN:

GB00BJQZC279

Category Code:

DCC - Daily Mail and General Trust plc

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.:

127517

EQS News ID:

1251465


 

End of Announcement

EQS News Service

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