Knights Group Holdings plc
(Knights, the Company or the Group)
PDMR Notification
As required under article 19 of the Market Abuse Regulation (MAR) the Company announces that on 29 October 2024, the following awards over ordinary shares of 0.2p in Knights were granted under the Knights Group Holdings plc Omnibus Plan and the CSOP Appendix to the Omnibus Plan to the following persons discharging managerial responsibilities (PDMR), or their closely associated persons
| Name of PDMR or Closely Associated Person | No. of performance shares awarded | No. of shares awarded as restricted stock awards | No. of shares awarded under as CSOP's | |
| Kate Lewis | 600,000 | 150,000 | 48,465 | |
| Joanne Beech | 240,000 | 60,000 | 48,465 | |
The restricted stock awards and performance share awards will ordinarily become exercisable (or vest as relevant) in July 2028 on the day of the release of the Company's audited results subject to the grantee's continued service and, in the case of the performance share award, only to the extent to which the adjusted earnings per share condition set for the award is satisfied.
The CSOP award will become exercisable on the third anniversary of the date of grant subject to the grantee's continued service.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and their closely associated persons are set out below
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |||
| a) | Name | Kate Lewis | ||
| 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 | Knights Group Holdings plc | ||
| b) | LEI | 213800URB59EOGJKT919 | ||
| 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 | Ordinary Shares
| ||
| Identification code | GB00BFYF6298 | |||
| b) | Nature of the transaction | Issue of a CSOP, restricted stock award and a performance share award which vests based upon the earnings per share condition and employment condition being satisfied | ||
| c)
| Price(s) and volume(s) | | | |
| | Price(s) | Volume(s) | Volume(s) | |
| | £1.238 per share
Nominal price of £0.002 per share
Nominal price of £0.002 per share
| 48,465
150,000
600,000 | 48,465
150,000
600,000 | |
| d)
| Aggregated information | | ||
| | | |||
| - Aggregated volume | 798,465 | |||
| | | |||
| - Price | N/A | |||
| | | |||
| e) | Date of the transaction | 29 October 2024 | ||
| f) | Place of the transaction | Outside trading venue | ||
| 1
| Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Joanne Beech | |
| 2
| Reason for the notification | ||
| a) | Position/status | Group Operations Director and Closely Associated Person of David Beech
| |
| b) | Initial notification /Amendment | Initial Notification | |
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Knights Group Holdings plc | |
| b) | LEI | 213800URB59EOGJKT919 | |
| 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 | Ordinary Shares
| |
| Identification code | GB00BFYF6298 | ||
| b) | Nature of the transaction | Issue of a CSOP, restricted stock award and a performance share award | |
| c)
| Price(s) and volume(s) | | |
| | Price(s) | Volume(s) | |
| | £1.238 per share
Nominal price of £0.002 per share
Nominal price of £0.002 per share
| 48,465
60,000
240,000 | |
| d)
| Aggregated information | | |
| | | ||
| - Aggregated volume | 348,465 | ||
| | | ||
| - Price | N/A | ||
| | | ||
| e) | Date of the transaction | 29 October 2024 | |
| f) | Place of the transaction | Outside trading venue
| |
Ends
Enquiries
| Knights | |
| David Beech, CEO | via MHP Communications |
| Deutsche Numis (Nominated Adviser and Broker) | |
| Stuart Skinner, Kevin Cruickshank | +44 20 7260 1000 |
| MHP Communications (Media enquiries) | |
| Katie Hunt, Eleni Menikou | +44 20 3128 8794 |
Notes to Editors
Knights is a fast-growing, legal and professional services business, ranked within the UK's top 50 largest law firms by revenue. Knights was one of the first law firms in the UK to move from the traditional partnership model to a corporate structure in 2012 and has since grown rapidly. Knights has specialists in all key areas of Corporate and Commercial law and Private Wealth services. It is focussed on key UK markets outside London and currently operates from 26 offices located in Birmingham, Brighton, Bristol, Carlisle, Cheltenham, Chester, Exeter, Kidderminster, Kings Hill, Leeds, Leicester, Lincoln, Manchester, Newbury, Newcastle, Nottingham, Oxford, Portsmouth, Sheffield, Solihull, Stoke, Teesside, Weybridge, Wilmslow, Worcester and York.
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