Genuit Group plc ('the Company')
Notification of Transactions by Persons Discharging Managerial Responsibilities
The Company announces that on 8 April 2024, an award under the Company's Deferred Share Bonus Plan ("DSBP") was granted over Ordinary Shares of £0.001 each in the Company ("Shares") as set out in the table below. The award was made in the form of a nil-cost option which is exercisable for 10 years from the date of grant, unless the exercise period is shortened in accordance with the DSBP rules.
| Name | No. of Shares subject to DSBP | Exercise dates | Lapse date |
| Joe Vorih | 42,904 | 08/04/2026 (50%) 08/04/2027 (50%) | 08/04/2034 |
| Tim Pullen | 7,477 | 08/04/2026 (50%) 08/04/2027 (50%) | 08/04/2034 |
One third of any bonus received by the Executive Directors is deferred into Shares under the DSBP, vesting equally over two and three years. An additional payment (in the form of cash or Shares) may be made in respect of Shares which vest under deferred awards to reflect the value of dividends which would have been paid on those Shares during the vesting period.
The notifications below, which have been made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Joe Vorih
| ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Executive Officer/Director and PDMR
| ||||
| b)
| Initial notification /Amendment
| Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| Genuit Group plc | ||||
| b)
| LEI
| 2138005IF1N2RKJ6KO18 | ||||
| 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 £0.001 each in the capital of Genuit Group plc
GB00BKRC5K31
| ||||
| b)
| Nature of the transaction
| Grant of an award, structured as a nil cost option, under the Company's Deferred Share Bonus Plan, on 8 April 2024, vesting on 8 April 2026 (50%) and 8 April 2027 (50%), exercisable for 10 years from the date of grant. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
| e)
| Date of the transaction
| 8 April 2024 | ||||
| f)
| Place of the transaction
| Outside a Trading Venue | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Tim Pullen
| ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Financial Officer/Director and PDMR
| ||||
| b)
| Initial notification /Amendment
| Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| Genuit Group plc | ||||
| b)
| LEI
| 2138005IF1N2RKJ6KO18 | ||||
| 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 £0.001 each in the capital of Genuit Group plc
GB00BKRC5K31
| ||||
| b)
| Nature of the transaction
| Grant of an award, structured as a nil cost option, under the Company's Deferred Share Bonus Plan, on 8 April 2024, vesting on 8 April 2026 (50%) and 8 April 2027 (50%), exercisable for 10 years from the date of grant. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
| N/A
| ||||
| e)
| Date of the transaction
| 8 April 2024 | ||||
| f)
| Place of the transaction
| Outside a Trading Venue | ||||
Contacts:
Emma Versluys
Group Legal Counsel and Company Secretary +44 (0) 1138 315 315
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