5 March 2024
Facilities by ADF plc
("ADF", the "Company" or the "Group")
PDMR Dealings
Grant of awards under Long Term Incentive Plan
Facilities by ADF plc, the leading provider of premium serviced production facilities to the UK film and high-end television ("HETV") industry, announces that on 4 March 2024, the Company awarded 1,001,225 options under the Facilities by ADF Long Term Incentive Plan to its Executive Directors as set out in the table below. The award is over ordinary shares of £0.01 ("Ordinary Shares") in the form of options to acquire Ordinary Shares at nominal value ("LTIP Awards").
| Executive Director | Role | Number of LTIP Awards |
| Marsden Proctor | Chief Executive Officer | 571,429 |
| Neil Evans | Chief Financial Officer | 429,796 |
The LTIP Awards will vest not earlier than the third anniversary of grant subject to meeting the performance conditions applied to the awards measured over the three-year period ending 31 December 2026. 50% of the award is subject to an EBITDA growth performance target and 50% is subject to a total shareholder return ("TSR") growth target with vesting commencing at 6% CAGR rising on a straight line to full vesting at 10% CAGR. The LTIP Awards are subject to a two-year post-vesting holding period.
Awards of a further 566,329 options were made to other senior employees on similar terms.
For further information, please contact:
| Facilities by ADF plc Marsden Proctor / John Richards / Neil Evans
| Via Alma |
| Cavendish Capital Markets Limited (Nomad and Broker) Ben Jeynes / George Lawson - Corporate Finance Michael Johnson - Sales
| Tel: +44 (0) 207 220 0500 |
| Alma Strategic Communications Josh Royston / Hannah Campbell
| Tel: +44 (0)20 3405 0205 facilitiesbyadf@almastrategic.com |
The information set out below is provided in accordance with the requirements of the UK Market Abuse Regulation:
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| (a) | Name | Marsden Proctor |
| 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 | Facilities by ADF plc |
| (b) | LEI | 984500F550EB62EDCP28 |
| 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 1p each
ISIN: GB00BNZGNM64 |
| (b) | Nature of the transaction | Grant of share options |
| (c) | Price(s) and volume(s) | Price: Nil Volume: 571,429 |
| (d) | Aggregated information - Aggregated volume - Price | N/A |
| (e) | Date of the transaction | 4 March 2024 |
| (f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| (a) | Name | Neil Evans |
| 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 | Facilities by ADF PLC |
| (b) | LEI | 984500F550EB62EDCP28 |
| 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 1p each
ISIN: GB00BNZGNM64 |
| (b) | Nature of the transaction | Grant of share options |
| (c) | Price(s) and volume(s) | Price: Nil Volume: 429,796 |
| (d) | Aggregated information - Aggregated volume - Price | N/A |
| (e) | Date of the transaction | 4 March 2024 |
| (f) | Place of the transaction | Outside a trading venue |
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