LMS Capital plc
(the "Company")
Long Term Incentive Plan Awards
Director / PDMR Shareholding
16 August 2023
The Company announces that yesterday it awarded a total of 686,064 nil cost options over ordinary shares of 10 pence each to employees of the Company under the Company's LTIP arrangements. 481,147 were awarded to the Managing Director and 204,917 were awarded to other employees.
The awards were made in accordance with the Company's remuneration policy, adopted by shareholders at the Annual General Meeting in May 2023, and the terms of which were summarised in the Company's 2022 Annual Report and Accounts on pages 46 to 54. The awards will only vest after 3 years, subject to continued employment with the Company by the participant and the achievement of performance conditions set by the Company's Remuneration Committee, linked to the deployment by the Company of its capital into new investments which are performing in line with expectations.
Details of the awards to the managing Director are set out below.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions described above.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a | Name | Nick Friedlos | |
| 2 | Reason for the notification | ||
| a | Position / status | Executive Director of LMS Capital plc | |
| b | Initial notification / Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a | Name | LMS Capital plc | |
| b | LEI | 2138004UJ1TW8UCELX08 | |
| 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 | Options over Ordinary shares of 10p each in LMS Capital plc | |
| | Identification code | GB00B12MHD28 | |
| b | Nature of the transaction | Grant of nil-cost share options conditional on future performance in accordance with the Company's long term incentive plan | |
| c | Price(s) and volume(s) | Price(s) | Volume(s) |
| nil | 481,147 | ||
| | | ||
| d | Aggregated information - Aggregated volume |
N/A single transaction | |
| | - Price - Total | | |
| e | Date of the transaction | 15 August 2023 | |
| f | Place of the transaction | Outside of a trading venue | |
For further information, please contact:
Olesya Wehlau
IQ EQ Corporate Services (UK) Limited
Company Secretary
+44 (0) 207 367 6946
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