RNS Number : 7067M
Merit Group PLC
01 May 2024
 

1 May 2024

 

Merit Group Plc

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

Director/PDMR Shareholding

 

Update on Awards granted under the Merit Group plc Performance Share Plan 2022

Merit Group Plc (AIM: MRIT), the AIM-listed data and intelligence business, today announces it has approved an amendment to the terms of options granted to Philip Machray (the "Options") under the rules of the Merit Group plc Performance Share Plan 2022. The grant of the Options was announced on 17 November 2021.

On 26 January 2024, the Company announced the appointment of Philip Machray as Chief Executive Officer. In connection with the appointment, Merit's Remuneration Committee determined that it was appropriate to amend the performance periods attaching to the Options as follows:

 

Name

Position

Original Performance Period

Amended Performance Period

Philip Machray

CEO and CFO

The period commencing on 17 November 2021 and ending on 17 November 2024

The period commencing on 17 November 2021 and ending on 17 November 2027

Except as set out in this announcement, the terms of the Options remain as announced on 17 November 2021.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Philip Machray

2

Reason for the notification

a)

Position/status

 

 

Chief Executive Officer and 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

 

Merit Group plc

b)

 

LEI

 

213800HG65J6TYGNJU20

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 28 pence each

 


ISIN: GB00BNYKJJ86

 

b)

 

Nature of the transaction

 

Change of performance criteria - end of performance period extended from 17 November 2024 to 17 November 2027

c)

 

Price(s) and volume(s)

 

 

 Price(s)

 

   Volume(s)

 N/a

   N/a

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/a

 

N/a

e)

 

Date of the transaction

 

30 April 2024

f)

 

Place of the transaction

 

Outside a trading venue

 

 

For further information, please contact:


Merit Group plc


Mark Smith - Chairman

Phil Machray - CEO & CFO

www.meritgroupplc.com

020 7593 5500

020 7593 5518

 

Canaccord Genuity Limited (Nomad and Broker)

Bobbie Hilliam

Harry Pardoe

 

 

 

020 7523 8150



 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHURORRSOUSOUR