12 April 2023
Spire Healthcare Group plc (the Company)
Exercise of Executive Share Plan awards
On 11 April 2023, Justin Ash and Jitesh Sodha, both Executive Directors of the Company, exercised their vested:
· Long Term Incentive Plan award in the Company that were granted on 28 March 2018 (the 2018 LTIP award). 2018 LTIP awards were subject to certain performance metrics that were measured over a three-year period and full details of the outcomes of these were reported in the Company's 2020 Annual Report and Accounts. On vesting in March 2021, the 2018 LTIP awards were subject to a further two-year holding period which ended at the end of March 2023; and
· Deferred Share Bonus Plan award that were granted on 6 April 2020 (the 2020 DSBP award). 2020 DSBP awards were subject to a three-year holding period which ended on the third anniversary of the award being made.
Following the exercise by both Directors of their 2018 LTIP awards and 2020 DSBP awards over ordinary shares in the Company and after the satisfaction of taxes due, both decided to retain the balance of ordinary shares.
|
| Share plan and type of award | Shares vested and exercised | Shares retained following satisfaction of taxes due |
| Justin Ash | 2018 LTIP (in the form of nil-cost options)
| 108,874 | 57,703 |
| Justin Ash
| 2020 DSBP (in the form of nil-cost options)
| 170,833 | 90,541 |
| Total number of shares retained | 148,244 | ||
Following the transactions, Justin Ash holds 578,268 ordinary shares in the Company.
|
| Share plan and type of award | Shares vested and exercised | Shares retained following satisfaction of taxes due |
| Jitesh Sodha | 2018 LTIP (in the form of nil-cost options)
| 78,287 | 41,492 |
| Jitesh Sodha
| 2020 DSBP (in the form of nil-cost options)
| 73,140 | 38,764 |
| Total number of shares retained | 80,256 | ||
Following the transactions, Jitesh Sodha holds 134,058 ordinary shares in the Company.
Notification and public disclosure of transaction by persons discharging managerial responsibility and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name
| Justinian Joseph Ash | |
| 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
| Spire Healthcare Group plc | |
| b) | LEI | 213800IBJPW3SE2RA350 | |
| 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 1 pence each
GB00BNLPYF73 | |
| b) | Nature of the transaction | Exercise of nil-cost options over ordinary shares vesting under the Spire Healthcare Group plc Long Term Incentive Plan 2014.
Following the exercise by Mr Ash of his award over 108,874 ordinary shares and after the satisfaction of taxes due, a balance of 57,703 ordinary shares were transferred to him which he has retained.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil
| 108,874
| ||
|
| |||
| d) | Aggregated information - Aggregated volume - Price | As above | |
| e) | Date of the transaction | 2023-04-11 | |
| f) | Place of the transaction | XLON | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name
| Jitesh Himatlal Sodha | |
| 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
| Spire Healthcare Group plc | |
| b) | LEI | 213800IBJPW3SE2RA350 | |
| 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 1 pence each
GB00BNLPYF73 | |
| b) | Nature of the transaction | Exercise of nil-cost options over ordinary shares vesting under the Spire Healthcare Group plc Long Term Incentive Plan 2014.
Following the exercise by Mr Sodha of his award over 78,287 ordinary shares and after the satisfaction of taxes due, a balance of 41,492 ordinary shares were transferred to him which he has retained.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil
| 78,287
| ||
|
| |||
| d) | Aggregated information - Aggregated volume - Price | As above | |
| e) | Date of the transaction | 2023-04-11 | |
| f) | Place of the transaction | XLON | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name
| Justinian Joseph Ash | |
| 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
| Spire Healthcare Group plc | |
| b) | LEI | 213800IBJPW3SE2RA350 | |
| 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 1 pence each
GB00BNLPYF73 | |
| b) | Nature of the transaction | Exercise of nil-cost options over ordinary shares vesting under the Spire Healthcare Group plc Deferred Share Bonus Plan 2014.
Following the exercise by Mr Ash of his award over 170,833 ordinary shares and after the satisfaction of taxes due, a balance of 90,541 ordinary shares were transferred to him which he has retained.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil
| 170,833
| ||
|
| |||
| d) | Aggregated information - Aggregated volume - Price | As above | |
| e) | Date of the transaction | 2023-04-11 | |
| f) | Place of the transaction | XLON | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name
| Jitesh Himatlal Sodha | |
| 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
| Spire Healthcare Group plc | |
| b) | LEI | 213800IBJPW3SE2RA350 | |
| 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 1 pence each
GB00BNLPYF73 | |
| b) | Nature of the transaction | Exercise of nil-cost options over ordinary shares vesting under the Spire Healthcare Group plc Deferred Share Bonus Plan 2014.
Following the exercise by Mr Sodha of his award over 73,140 ordinary shares and after the satisfaction of taxes due, a balance of 38,764 ordinary shares were transferred to him which he has retained.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil
| 73,140
| ||
|
| |||
| d) | Aggregated information - Aggregated volume - Price | As above | |
| e) | Date of the transaction | 2023-04-11 | |
| f) | Place of the transaction | XLON | |
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