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On 21 November 2023, Record plc granted nil-cost options over Ordinary Shares to five directors and senior managers under its Long Term Incentive Plan. The grants included 185,000 options to Steve Cullen, 528,000 to Jan Witte, 363,000 to Dmitri Tikhonov, 346,000 to Rebecca Venis, and 219,000 to Kevin Ayles. These options have a nil exercise price and are exercisable between 21 November 2026 and 21 November 2027, subject to performance conditions.
| Date | 21 Nov 2023 |
| Time | 15:07:13 |
| Category | Director/PDMR dealings |
| ID | 1804U |
21 November 2023
Record plc ('Record' or the 'Company')
Grant of share options and PDMR notification
The Company announces that the following directors and senior managers of the Company (each a person discharging managerial responsibilities) were granted nil-cost options over Ordinary Shares of 0.025p each, under the terms of the Record plc Long Term Incentive Plan, on 21 November 2023.
|
PDMR |
Number of Ordinary Shares over which option held |
Exercise Price per Share £
|
Period during which exercisable |
Performance Conditions |
|
Steve Cullen |
185,000 |
nil |
21 November 2026 to 21 November 2027 |
2/3 EPS and 1/3 TSR |
|
Jan Witte |
528,000 |
nil |
21 November 2026 to 21 November 2027 |
2/3 EPS and 1/3 TSR |
|
Dmitri Tikhonov |
363,000 |
nil |
21 November 2026 to 21 November 2027 |
2/3 EPS and 1/3 TSR |
|
Rebecca Venis |
346,000 |
nil |
21 November 2026 to 21 November 2027 |
2/3 EPS and 1/3 TSR |
|
Kevin Ayles |
219,000 |
nil |
21 November 2026 to 21 November 2027 |
2/3 EPS and 1/3 TSR |
The following disclosure is made in accordance with Article 19 of the UK version of the EU Market Abuse Regulation 596/2014 which has effect in English law by virtue of the European Union (Withdrawal) Act 2018:
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||
|
a)
|
Name
|
1. STEVE CULLEN 2. JAN WITTE 3. DMITRI TIKHONOV 4. REBECCA VENIS 5. KEVIN AYLES |
|
|
2 |
Reason for the notification |
||
|
a)
|
Position/status
|
1. CHIEF FINANCIAL OFFICER 2. RCML, CHIEF EXECUTIVE OFFICER 3. CHIEF INVESTMENT OFFICER 4. CHIEF TECHNOLOGY OFFICER 5. HEAD OF HR AND COMPANY SECRETARY
|
|
|
b)
|
Initial notification /Amendment
|
INITIAL NOTIFICATION |
|
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a)
|
Name
|
RECORD PLC |
|
|
b)
|
LEI (inclusion optional)
|
5493000VJ55ZTYGX4322 |
|
|
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 0.025 PENCE PER SHARE
GB00B28ZPS36
|
|
|
b)
|
Nature of the transaction
|
GRANT OF NIL-COST OPTIONS IN THE COMPANY IN ACCORDANCE WITH THE RULES OF THE RECORD PLC LONG TERM INCENTIVE PLAN |
|
|
c)
|
Senior Managers: Price(s) and volume(s)
|
Prices(s) |
Volume(s) |
|
Exercise price of £nil |
1. 185,000 2. 528,000 3. 363,000 4. 346,000 5. 219,000
|
||
|
d)
|
Aggregated information - Aggregated volume - Price
|
Not applicable - ONE TRANSACTION PER INDIVIDUAL (SEE SECTION C ABOVE)
|
|
|
e)
|
Date of the transaction
|
21 NOVEMBER 2023 |
|
|
f)
|
Place of the transaction
|
OUTSIDE A TRADING VENUE |
|
For any queries related to this notification please contact: Kevin Ayles, Head of HR and Company Secretary on 01753 605881.