1 May 2024
Merit Group Plc
("Merit", the "Company" or the "Group")
Director/PDMR Shareholding
Update on Awards granted under the Merit Group plc Performance Share Plan 2022
Merit Group Plc (AIM: MRIT), the AIM-listed data and intelligence business, today announces it has approved an amendment to the terms of options granted to Philip Machray (the "Options") under the rules of the Merit Group plc Performance Share Plan 2022. The grant of the Options was announced on 17 November 2021.
On 26 January 2024, the Company announced the appointment of Philip Machray as Chief Executive Officer. In connection with the appointment, Merit's Remuneration Committee determined that it was appropriate to amend the performance periods attaching to the Options as follows:
| Name | Position | Original Performance Period | Amended Performance Period |
| Philip Machray | CEO and CFO | The period commencing on 17 November 2021 and ending on 17 November 2024 | The period commencing on 17 November 2021 and ending on 17 November 2027 |
Except as set out in this announcement, the terms of the Options remain as announced on 17 November 2021.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name |
Philip Machray | |
| 2 | Reason for the notification | ||
| a) | Position/status
|
Chief Executive Officer and 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
| Merit Group plc | |
| b)
| LEI
| 213800HG65J6TYGNJU20 | |
| 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 28 pence each
ISIN: GB00BNYKJJ86
| |
| b)
| Nature of the transaction
| Change of performance criteria - end of performance period extended from 17 November 2024 to 17 November 2027 | |
| c)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
| N/a | N/a | ||
| d)
| Aggregated information
- Aggregated volume
- Price
|
N/a
N/a | |
| e)
| Date of the transaction
| 30 April 2024 | |
| f)
| Place of the transaction
| Outside a trading venue | |
| For further information, please contact: | |
| Merit Group plc | |
| Mark Smith - Chairman Phil Machray - CEO & CFO | 020 7593 5500 020 7593 5518 |
|
Canaccord Genuity Limited (Nomad and Broker) Bobbie Hilliam Harry Pardoe
|
020 7523 8150 |
| | |
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