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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