24 February 2023
Ascential plc ("the Company")
Notification of transactions of persons discharging managerial responsibility
Grant of Awards under the Company's Performance Share Plan
On 23 February 2023 two of the Company's Executive Directors were granted conditional awards over ordinary shares of 1p each under the Ascential plc Executive Performance Share Plan (the "PSP") as noted below:
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Executive Director |
Number of shares awarded under PSP |
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Duncan Painter |
421,624 |
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Mandy Gradden |
312,710 |
Subject to the terms of the PSP, the awards will ordinarily vest on the third anniversary of the grant of the awards subject to the grantee's continued service and to the extent to which Adjusted EPS and Digital Commerce Business Unit Revenue performance criteria are met over the three financial years to 31 December 2025. The shares will also be subject to a further two-year holding period whereby the Executive Directors will be restricted from selling the shares which vest other than to settle any associated tax.
The awards are in line with the Company's shareholder-approved remuneration policy and how Ascential has applied the policy since 2021. Having provided a detailed trading statement in January 2023, the awards have been granted in advance of what may be a potentially extended closed period arising from the implementation of the conclusions of the Company's strategic review as announced on 25 January 2023.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Names
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Duncan Painter Mandy Gradden |
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2
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Reason for the notification
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a)
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Position/status
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Director |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Ascential plc |
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b)
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LEI
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213800VDXQDA7KD2IQ21 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of 1p
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Identification code |
BYM8GJ0 |
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b)
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Nature of the transaction
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Grant of conditional awards under the Company's Performance Share Plan ("PSP") |
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c)
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Price(s) and volume(s) |
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d)
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Aggregated information |
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- Aggregated volume |
n/a - single transaction |
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- Price |
Nil |
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e)
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Date of the transaction
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23 February 2023 |
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f)
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Place of the transaction
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London |
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Contacts
Louise Meads, Company Secretary
+44 (0) 207 516 5042
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