Rathbones Group Plc (the "Company")
Notification of Transactions of Persons Discharging Managerial Responsibilities
The Company announces that the following PDMR was granted share awards in respect of performance for the period from 1 April 2023 to 31 December 2023. This share award was assessed and determined under the prevailing incentive arrangements in respect of his services to the Company and Investec Group Plc during the period to 31 December 2023. The share awards are granted in accordance with the rules of the Rathbones Executive Share Performance Plan.
In line with CRR and MIFIDPRU remuneration obligations, this award includes an upfront and deferred element. The upfront award will vest at the same time as being granted and will include a six-month holding period. This award was made at a share price of £17.07 based on the average share price over five days preceding the grant date. The deferred awards will vest annually over five years and will include a six-month holding period post vest. These awards were made at a share price of £16.32, £15.56, £14.80, £14.05 and £13.29, based on the average share price over five days preceding the grant date and discounted to reflect the absence of dividend equivalents over the vesting period. The award is subject to malus and clawback provisions.
The notifications below, which have been made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Enquiries:
Ali Johnson, Group Company Secretary
Telephone - 07901 118456
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 | Iain Hooley | |
| 2) | Reason for the notification | ||
| a) | Position/status | Group 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 | Rathbones Group Plc | |
| b) | LEI | 213800MBTHM6UE8ZQP29 | |
| 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 5p each ISIN: GB0002148343 | |
| b) | Nature of the transaction | Share award grant made pursuant to the Rathbones Executive Share Performance Plan. | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £17.07 £16.32 £15.56 £14.80 £14.05 £13.29 | 9,540 8,240 8,641 9,085 6,957 7,353 | ||
| d) | Aggregated information
- Aggregated volume - Price | Not applicable - single transaction | |
| e) | Date of the transaction | 2024-06-21 | |
| f) | Place of the transaction | Outside a trading venue | |
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