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Director/PDMR Shareholding






RNS Number : 9888X
Genuit Group PLC
07 May 2021
 

Genuit Group plc (the “Company”)

 

Notification of transactions by Person Discharging Managerial Responsibilities

 

The Company announces that on 4 May 2021, Glen Sabin, Chief Operating Officer and a Person Discharging Managerial Responsibilities, exercised the following options:

 

1.   a nil-cost option over 18,376 shares in accordance with the Long Term Incentive Plan Award granted to him on 2 May 2018. Mr. Sabin sold all exercised shares with the appropriate tax and national insurance liabilities deducted from the sale proceeds.

 

2.   a nil-cost option over a total of 1,537 shares (comprising 1,482 shares granted under the Award and 55 shares awarded at vesting in lieu of dividends paid during the vesting period) in accordance with the Deferred Share Bonus Plan Award granted to him on 2 May 2018. Mr. Sabin sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.

 

3.   a nil-cost option over a total of 4,141 shares (comprising 4,027 shares granted under the Award and 114 shares awarded at vesting in lieu of dividends paid during the vesting period) in accordance with the Deferred Share Bonus Plan Award granted to him on 30 April 2019. Mr. Sabin sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.

 

Mr. Sabin now holds an interest in a total of 716,574 shares.

 

The notifications below, which have been made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Glen Sabin

2

Reason for the notification

a)

Position/status

Chief Operating Officer/Director and PDMR

b)

Initial notification

/Amendment

Initial notification

3

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

a)

Name

Genuit Group plc

b)

LEI

2138005IF1N2RKJ6KO18

 

 

 

 

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 (“Shares”) of £0.001 each in the capital of Genuit Group plc

 

 

GB00BKRC5K31

b)

Nature of the transaction

Sale of Shares acquired for no consideration pursuant to the exercise of nil-cost options in accordance with the Long Term Incentive Plan (“LTIP”) award granted on 2 May 2018.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£5.68

18,376

 

 

d)

Aggregated information

 

 

– Aggregated volume

 

 

– Price

 

 

 

18,376

 

 

£5.68

e)

Date of the transaction

6 May 2021

f)

Place of the transaction

Outside a Trading Venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Glen Sabin

2

Reason for the notification

a)

Position/status

Chief Operating Officer/Director and PDMR

b)

Initial notification

/Amendment

Initial notification

3

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

a)

Name

Genuit Group plc

b)

LEI

2138005IF1N2RKJ6KO18

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 (“Shares”) of £0.001 each in the capital of Genuit Group plc

 

 

GB00BKRC5K31

b)

Nature of the transaction

Acquisition of Shares for no consideration pursuant to the exercise of nil-cost options as follows: Deferred Share Bonus Plan (“DSBP”) award granted on 2 May 2018.

Deferred Share Bonus Plan (“DSBP”) award granted on 30 April 2019.

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

 

Nil

818 – Number of DSBP shares acquired from

2 May 2018 grant after reduction for appropriate tax and national insurance liabilities.

 

 

 

 

 

 

2,204 – Number of DSBP shares acquired from 30 April 2019 grant after reduction for appropriate tax and national insurance

liabilities.

 

 

d)

Aggregated information

 

 

– Aggregated volume

 

 

– Price

N/A

e)

Date of the transaction

6 May 2021

f)

Place of the transaction

Outside a Trading Venue

 

 

Enquiries:

 

Emma Versluys, Company Secretary

+44 (0) 1709 770 000

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END

 
 

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