21 November 2023
Record plc ('Record' or the 'Company')
Grant of share options and PDMR notification
The Company announces that the following directors and senior managers of the Company (each a person discharging managerial responsibilities) were granted nil-cost options over Ordinary Shares of 0.025p each, under the terms of the Record plc Long Term Incentive Plan, on 21 November 2023.
| PDMR | Number of Ordinary Shares over which option held | Exercise Price per Share £
| Period during which exercisable | Performance Conditions |
| Steve Cullen | 185,000 | nil | 21 November 2026 to 21 November 2027 | 2/3 EPS and 1/3 TSR |
| Jan Witte | 528,000 | nil | 21 November 2026 to 21 November 2027 | 2/3 EPS and 1/3 TSR |
| Dmitri Tikhonov | 363,000 | nil | 21 November 2026 to 21 November 2027 | 2/3 EPS and 1/3 TSR |
| Rebecca Venis | 346,000 | nil | 21 November 2026 to 21 November 2027 | 2/3 EPS and 1/3 TSR |
| Kevin Ayles | 219,000 | nil | 21 November 2026 to 21 November 2027 | 2/3 EPS and 1/3 TSR |
The following disclosure is made in accordance with Article 19 of the UK version of the EU Market Abuse Regulation 596/2014 which has effect in English law by virtue of the European Union (Withdrawal) Act 2018:
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a)
| Name
| 1. STEVE CULLEN 2. JAN WITTE 3. DMITRI TIKHONOV 4. REBECCA VENIS 5. KEVIN AYLES | |
| 2 | Reason for the notification | ||
| a)
| Position/status
| 1. CHIEF FINANCIAL OFFICER 2. RCML, CHIEF EXECUTIVE OFFICER 3. CHIEF INVESTMENT OFFICER 4. CHIEF TECHNOLOGY OFFICER 5. HEAD OF HR AND COMPANY SECRETARY
| |
| b)
| Initial notification /Amendment
| INITIAL NOTIFICATION | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a)
| Name
| RECORD PLC | |
| b)
| LEI (inclusion optional)
| 5493000VJ55ZTYGX4322 | |
| 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 OF 0.025 PENCE PER SHARE
GB00B28ZPS36
| |
| b)
| Nature of the transaction
| GRANT OF NIL-COST OPTIONS IN THE COMPANY IN ACCORDANCE WITH THE RULES OF THE RECORD PLC LONG TERM INCENTIVE PLAN | |
| c)
| Senior Managers: Price(s) and volume(s)
| Prices(s) | Volume(s) |
| Exercise price of £nil | 1. 185,000 2. 528,000 3. 363,000 4. 346,000 5. 219,000
| ||
| d)
| Aggregated information - Aggregated volume - Price
|
Not applicable - ONE TRANSACTION PER INDIVIDUAL (SEE SECTION C ABOVE)
| |
| e)
| Date of the transaction
| 21 NOVEMBER 2023 | |
| f)
| Place of the transaction
| OUTSIDE A TRADING VENUE | |
For any queries related to this notification please contact: Kevin Ayles, Head of HR and Company Secretary on 01753 605881.
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