28 March 2024
Spire Healthcare Group plc (the Company)
Exercise of Executive Share Plan awards
On 26 March 2024, Justin Ash and Jitesh Sodha, both Executive Directors of the Company, exercised their vested:
· Long Term Incentive Plan awards in the Company that were granted on 25 March 2019 (the 2019 LTIP award). 2019 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 2021 Annual Report and Accounts. On vesting in March 2022, the 2019 LTIP awards were subject to a further two-year holding period which ended in March 2024; and
· Deferred Share Bonus Plan awards that were granted on 18 March 2021 (the 2021 DSBP award). 2021 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 2019 LTIP awards and 2021 DSBP awards over ordinary shares in the Company and after the satisfaction of taxes due, both decided to retain the balance of ordinary shares as follows:
|
| Share plan and type of award | Shares vested and exercised | Shares retained following satisfaction of taxes due |
| Justin Ash | 2019 LTIP (in the form of nil-cost options)
| 373,263 | 197,829 |
| Justin Ash
| 2021 DSBP (in the form of nil-cost options)
| 97,251 | 51,543 |
| Total number of shares retained | 249,372 | ||
Following the transactions, Justin Ash holds 827,640 ordinary shares in the Company.
|
| Share plan and type of award | Shares vested and exercised | Shares retained following satisfaction of taxes due |
| Jitesh Sodha | 2019 LTIP (in the form of nil-cost options)
| 239,738 | 127,061 |
| Jitesh Sodha
| 2021 DSBP (in the form of nil-cost options)
| 41,637 | 22,067 |
| Total number of shares retained | 149,128 | ||
Following the transactions, Jitesh Sodha holds 283,186 ordinary shares in the Company.
The exercise of a vested 2019 LTIP award by John Forrest and a vested Long Term Incentive Plan award that were granted on 18 March 2021 by Harbant Samra, both PDMRS of the Company, are disclosed below.
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 373,263 ordinary shares and after the satisfaction of taxes due, a balance of 197,829 ordinary shares were transferred to him which he has retained.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil
| 373,263
| ||
|
| |||
| d) | Aggregated information - Aggregated volume - Price | As above | |
| e) | Date of the transaction | 2024-03-26 | |
| 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 239,738 ordinary shares and after the satisfaction of taxes due, a balance of 127,061 ordinary shares were transferred to him which he has retained.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil
| 239,738
| ||
|
| |||
| d) | Aggregated information - Aggregated volume - Price | As above | |
| e) | Date of the transaction | 2024-03-26 | |
| 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 97,251 ordinary shares and after the satisfaction of taxes due, a balance of 51,543 ordinary shares were transferred to him which he has retained.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil
| 97,251
| ||
|
| |||
| d) | Aggregated information - Aggregated volume - Price | As above | |
| e) | Date of the transaction | 2024-03-26 | |
| 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 41,637 ordinary shares and after the satisfaction of taxes due, a balance of 22,067 ordinary shares were transferred to him which he has retained.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil
| 41,637
| ||
|
| |||
| d) | Aggregated information - Aggregated volume - Price | As above | |
| e) | Date of the transaction | 2024-03-26 | |
| f) | Place of the transaction | XLON | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name
| John Joseph Forrest | |
| 2 | Reason for the notification | ||
| a) | Position/status
| Chief Operating 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 Forrest of his award over 133,525 ordinary shares and after the satisfaction of taxes due, a balance of 70,768 ordinary shares were sold at £2.32.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil £2.32 | 133,525 70,768 | ||
|
| |||
| d) | Aggregated information - Aggregated volume - Price | As above | |
| e) | Date of the transaction | 2024-03-26 | |
| f) | Place of the transaction | XLON | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name
| Harbant Singh Samra | |
| 2 | Reason for the notification | ||
| a) | Position/status
| Deputy 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 Samra of his award over 59,589 ordinary shares and after the satisfaction of taxes due, a balance of 31,582 ordinary shares were transferred to him which he has retained.
| |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil
| 59,589
| ||
|
| |||
| d) | Aggregated information - Aggregated volume - Price | As above | |
| e) | Date of the transaction | 2024-03-26 | |
| f) | Place of the transaction | XLON | |
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