RNS Number : 5440F
Facilities by ADF plc
05 March 2024
 

5 March 2024

 

Facilities by ADF plc

("ADF", the "Company" or the "Group")

 

PDMR Dealings

Grant of awards under Long Term Incentive Plan

 

Facilities by ADF plc, the leading provider of premium serviced production facilities to the UK film and high-end television ("HETV") industry, announces that on 4 March 2024, the Company awarded 1,001,225 options under the Facilities by ADF Long Term Incentive Plan to its Executive Directors as set out in the table below. The award is over ordinary shares of £0.01 ("Ordinary Shares") in the form of options to acquire Ordinary Shares at nominal value ("LTIP Awards").

  

Executive Director

Role

Number of LTIP Awards

Marsden Proctor

Chief Executive Officer

571,429

Neil Evans

Chief Financial Officer

429,796

 

The LTIP Awards will vest not earlier than the third anniversary of grant subject to meeting the performance conditions applied to the awards measured over the three-year period ending 31 December 2026. 50% of the award is subject to an EBITDA growth performance target and 50% is subject to a total shareholder return ("TSR") growth target with vesting commencing at 6% CAGR rising on a straight line to full vesting at 10% CAGR.  The LTIP Awards are subject to a two-year post-vesting holding period.

 

Awards of a further 566,329 options were made to other senior employees on similar terms.

 

For further information, please contact:

 

Facilities by ADF plc

Marsden Proctor / John Richards / Neil Evans

 

Via Alma

Cavendish Capital Markets Limited (Nomad and Broker)

Ben Jeynes / George Lawson - Corporate Finance

Michael Johnson - Sales

 

Tel: +44 (0) 207 220 0500

Alma Strategic Communications

Josh Royston / Hannah Campbell

 

Tel: +44 (0)20 3405 0205

facilitiesbyadf@almastrategic.com

 

The information set out below is provided in accordance with the requirements of the UK Market Abuse Regulation: 

 

1

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Marsden Proctor

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

Facilities by ADF plc

(b)

LEI

984500F550EB62EDCP28

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 1p each

 

ISIN: GB00BNZGNM64

(b)

Nature of the transaction

Grant of share options

(c)

Price(s) and volume(s)

Price: Nil

Volume: 571,429

(d)

Aggregated information

-         Aggregated volume

-         Price

N/A

(e)

Date of the transaction

4 March 2024

(f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Neil Evans

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

Facilities by ADF PLC

(b)

LEI

984500F550EB62EDCP28

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 1p each

 

ISIN: GB00BNZGNM64

(b)

Nature of the transaction

Grant of share options

(c)

Price(s) and volume(s)

Price: Nil

Volume: 429,796

(d)

Aggregated information

-         Aggregated volume

-         Price

N/A

(e)

Date of the transaction

4 March 2024

(f)

Place of the transaction

Outside a trading venue

 

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