28 January 2022
Merit Group plc
("Merit", the "Company" or "the Group")
Director/PDMR Shareholding
The Board of Merit Group plc (AIM: MRIT), the data and intelligence business, today announces that it has granted options ("Options") over ordinary shares of 28 pence each in the Company ("Ordinary Shares") to the following executive directors pursuant to the Company's Performance Share Plan ("PSP"), details of which were announced on 17 November 2021.
The Options ordinarily become exercisable on the third anniversary of the date of announcement of the intention to grant. The performance condition for full vesting of the Proposed Options is based on the share price of the Company increasing by 100% from the closing price on the day prior to approval of the intention to grant the Proposed Options, which was 50.5 pence.
The Company has established an Employee Benefit Trust which the Company has committed to fund so that it can buy Ordinary Shares in the market to satisfy the exercise of the Proposed Options.
Details of the Options awarded are as follows:
| Director | Position | Number of PSP Options granted |
| David Beck | Chief Executive Officer | 762,376 |
| Philip Machray | Chief Financial Officer | 658,415 |
For further information, please contact:
| Merit Group plc Mark Smith - Chairman David Beck - CEO
| 020 7593 5500
|
| Canaccord Genuity Limited (Nomad and Broker) Bobbie Hilliam Georgina McCooke
| 020 7523 8150 |
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
| David Beck | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| CEO | ||||
| b)
| Initial notification /Amendment
| Initial Notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| C)
| Name
| Merit Group plc | ||||
| b)
| LEI
| 213800HG65J6TYGNJU20 | ||||
| 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
|
Options over ordinary shares of 28p each
ISIN: GB00BNYKJJ86 | ||||
| b)
| Nature of the transaction
| Award of Options | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price |
n/a (single transaction)
| ||||
| e)
| Date of the transaction
| 27 January 2022 | ||||
| f)
| Place of the transaction
| AIMX | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Philip Machray | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| CFO | ||||
| b)
| Initial notification /Amendment
| Initial Notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| C)
| Name
| Merit Group plc | ||||
| b)
| LEI
| 213800HG65J6TYGNJU20 | ||||
| 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
|
Options over ordinary shares of 28p each
ISIN: GB00BNYKJJ86 | ||||
| b)
| Nature of the transaction
| Award of Options | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information - Aggregated volume - Price |
n/a (single transaction)
| ||||
| e)
| Date of the transaction
| 27 January 2022 | ||||
| f)
| Place of the transaction
| AIMX | ||||
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