Notification of transactions by Person Discharging Managerial Responsibilities
The Company announces that on 4 May 2021, Martin Payne, Chief Executive Officer and a Person Discharging Managerial Responsibilities, exercised the following options:
1. a nil-cost option over a total of 8,036 shares (comprising 7,738 shares granted under the Award and 298 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. Payne sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.
2. a nil-cost option over a total of 8,094 shares (comprising 7,871 shares granted under the Award and 223 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. Payne sold sufficient shares to cover the appropriate tax and national insurance liabilities due on exercise.
Mr. Payne now holds an interest in a total of 265,481 shares.
The notification below, which has been made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Chief Executive Officer/Director and PDMR
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Genuit Group plc
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
Description of the financial instrument, type of instrument
Ordinary Shares (“Shares”) of £0.001 each in the capital of Genuit Group plc
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.
Price(s) and volume(s)
4,276 – Number of DSBP shares acquired from 2 May 2018 grant after reduction for appropriate tax and national insurance liabilities.
4,308 – Number of DSBP shares acquired from 30 April 2019 grant after reduction for appropriate tax and national insurance liabilities.
– Aggregated volume
Date of the transaction
6 May 2021
Place of the transaction
Outside a Trading Venue
Emma Versluys, Company Secretary
+44 (0) 1709 770 000
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