RNS Number : 2032M
finnCap Group PLC
12 September 2023
 

12 September 2023

 

 

finnCap Group plc

("finnCap" or the "Company")

PDMR Dealings

Further to the announcement on 7 September 2023 that the recommended all-share merger (the "Merger") between Cenkos Securities plc, now renamed Cavendish Securities plc ("Cenkos") and the Company by way of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme") had become effective, finnCap today announces that rollover awards to participants in the Cenkos Deferred Bonus Scheme ("Cenkos DBSS") and the Cenkos Short-Term Incentive Plan ("Cenkos STIP"), as described in the Scheme document, have been made in respect of their unvested awards under the Cenkos DBSS and the Cenkos STIP in accordance with the terms of the Cenkos DBSS and the Cenkos STIP (the "Rollover DBSS Awards" and the "Rollover STIP Awards").

As a result, Julian Morse and Ben Procter (who since the effective date of the Merger are now Executive Directors and PDMRs of the Company) received the Rollover DBSS Awards and Rollover STIP Awards over finnCap shares set out in the notifications below, made in accordance with the requirements of the UK Market Abuse Regulation.


Contacts

finnCap Group plc                                                                           Tel: +44 (0) 20 7220 0500

John Farrugia, Co-Chief Executive Officer                                    investor.relations@cavendish.com

Julian Morse, Co-Chief Executive Officer

Ben Procter, Chief Financial Officer

Grant Thornton (Nominated Adviser)                                        Tel: +44 (0) 20 7383 5100

Philip Secrett/Samantha Harrison/Samuel Littler

Oberon Capital (Joint Broker)                                                      Tel: +44 (0) 20 3179 5344

Mike Seabrook

Cavendish Capital Markets Limited (Joint Broker)                   Tel: +44 (0) 20 7220 0500

Tim Redfern



 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Julian Morse

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Joint Chief Executive Officer

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

finnCap Group plc

b)

 

LEI

 

 

213800DLRUJW6JVNS533

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

Ordinary shares



Identification code

GB00BGKPX309



b)

 

Nature of the transaction

 

 

(1)  Grant of rollover award under the Short-Term Incentive Plan

(2)  Grant of rollover award under the Deferred Bonus Scheme

 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




(1) Nil

(1) 2,044,292




(2) Nil

(2) 871,017







d)

 

Aggregated information




- Aggregated volume

N/A



- Price




e)

 

Date of the transaction

 

 

8 September 2023

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Ben Procter

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Financial Officer

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

finnCap Group plc

b)

 

LEI

 

 

213800DLRUJW6JVNS533

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

Ordinary shares



Identification code

GB00BGKPX309



b)

 

Nature of the transaction

 

 

(1)  Grant of rollover award under the Short-Term Incentive Plan

(2)  Grant of rollover award under the Deferred Bonus Scheme

 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil

319,420




Nil

1,014,035







d)

 

Aggregated information




- Aggregated volume

N/A



- Price




e)

 

Date of the transaction

 

 

8 September 2023

f)

 

Place of the transaction

 

 

Outside a trading venue

 

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