⌘K
t
Peel Hunt Limited confirmed the grant of nil-cost share options under its Long Term Incentive Plan (LTIP) to two Persons Discharging Managerial Responsibilities (PDMRs) on 25 October 2024. CEO Steven Fine was awarded 494,868 shares, and CFOO Sunil Dhall was awarded 192,449 shares. These awards, the first under the LTIP, will vest between 25% and 100% based on cumulative EPS measured over the three financial years ending 31 March 2027, followed by a six-month holding period.
| Date | 28 Oct 2024 |
| Time | 07:00:06 |
| Category | Director/PDMR dealings |
| ID | 7662J |
28 October 2024
Peel Hunt Limited
(the "Company" and, together with its subsidiaries, "Peel Hunt" or the "Group")
Notification of transactions by PDMRs
The Company announces the confirmation of the number of shares subject to performance awards under the Peel Hunt Long Term Incentive Plan ("LTIP") ("Awards") granted to the Executive Directors of the Company. These Awards are in line with the current Directors' remuneration policy, which is set out in the Company's Annual Report published for the year ended 31 March 2022. These are the first such awards made under the LTIP.
|
Director |
Award shares |
|
Steven Fine |
494,868 |
|
Sunil Dhall |
192,449 |
Below a threshold cumulative EPS measure, the Awards will not vest. At or above this threshold cumulative EPS measure, the Awards will vest between 25% to 100% based on the value of cumulative EPS measured over the three financial years ending 31 March 2027. The Awards are subject to a further six-month holding period during which vested awards cannot be sold.
Further details are set out in the PDMR form below, made in accordance with the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
For further information, please contact:
Peel Hunt: via Sodali & Co
Steven Fine, CEO
Sunil Dhall, CFOO
Sodali & Co (Financial PR): +44 (0)20 7100 6451
Justin Griffiths
Gilly Lock
Russ Lynch
peelhunt@sodali.com
Grant Thornton UK LLP (Nominated Adviser): +44 (0)20 7728 2942
Philip Secrett
Colin Aaronson
Elliot Peters
Keefe, Bruyette & Woods (Corporate Broker): +44 (0) 20 7710 7600
Alistair McKay
Alberto Moreno Blasco
Fred Walsh
Notes to editors
Peel Hunt is a leading UK investment bank that specialises in supporting mid-cap and growth companies. It provides integrated investment banking advice and services to UK corporates, including equity capital markets, private capital markets, M&A, debt advisory, investor relations and corporate broking. The Company's joined up approach combines these services with expert research and distribution and an execution services hub that provides liquidity to the UK capital markets, delivering value to global institutions and trading counterparties alike. The Company is admitted to trading on AIM (LON: PEEL) and has offices in London, New York and Copenhagen.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMR) AND PERSONS CLOSELY ASSOCIATED WITH THEM
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a. |
Name |
Steven Fine |
||||
|
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 |
Peel Hunt Limited |
||||
|
b. |
LEI |
549300LZ19UIGSNC8I92 |
||||
|
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 |
Nil-cost share options over the ordinary share capital of the Company Ordinary Share ISIN: GG00BLGZJW08 |
||||
|
b. |
Nature of the transaction |
Confirmation of the number of ordinary shares subject to nil-cost options granted under the Peel Hunt Long Term Incentive Plan |
||||
|
c. |
Price(s) and volume(s) |
|
||||
|
d. |
Aggregated information ·Aggregated volume ·Price |
Not applicable |
||||
|
e. |
Date of the transaction |
25 October 2024 |
||||
|
f. |
Place of the transaction |
Outside a trading venue |
||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a. |
Name |
Sunil Dhall |
||||
|
2. |
Reason for the notification |
|||||
|
a. |
Position/status |
Chief Financial and Operating Officer |
||||
|
b. |
Initial notification/Amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a. |
Name |
Peel Hunt Limited |
||||
|
b. |
LEI |
549300LZ19UIGSNC8I92 |
||||
|
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 |
Nil-cost share options over the ordinary share capital of the Company Ordinary Share ISIN: GG00BLGZJW08 |
||||
|
b. |
Nature of the transaction |
Confirmation of the number of shares subject to nil-cost options granted under the Peel Hunt Long Term Incentive Plan |
||||
|
c. |
Price(s) and volume(s) |
|
||||
|
d. |
Aggregated information ·Aggregated volume ·Price |
Not Applicable |
||||
|
e. |
Date of the transaction |
25 October 2024 |
||||
|
f. |
Place of the transaction |
Outside a trading venue |
||||