16 July 2024
Pinewood Technologies Group PLC (the "Company")
Notification and public disclosure of transactions by PDMRs
Conditional awards under the Pinewood Technologies Group Long Term Incentive Plan ("LTIP")
The Company announces that it has granted awards in the form of conditional share awards ("LTIP Awards") over ordinary shares of the Company of £1.00 each ("Shares") pursuant to the Company's LTIP on 15 July 2024 to the Executive Directors listed below:-
| Director | Number Shares under LTIP Award |
| William Berman | 1,256,067 |
| Oliver Mann | 291,262 |
The normal vesting date of the LTIP Awards will be the third anniversary of the grant date.
Vesting of the LTIP Awards is subject to continued service and satisfaction of a primary performance condition based on absolute Total Shareholder Return ("TSR"). TSR performance will be measured against stretching targets to reflect the accelerated growth strategy of the Company. In addition to the absolute TSR targets, the LTIP Awards are also subject to three performance underpins. To the extent that one or more of the underpins are not considered to be met, the Remuneration Committee retains the discretion to reduce award levels appropriately (including to zero).
Further detail regarding the TSR performance condition and underpins are set out in the notice of the General Meeting of the Company held on 26 June 2024.
Conditional award under the Pinewood Technologies Group Deferred Share Plan ("DSP")
The Company announces that it has granted an award in the form of a conditional share award ("DSP Award") over Shares pursuant to the Company's DSP on 15 July 2024 to the following executive director listed below:-
| Director | Number Shares under DSP Award |
| William Berman | 400,485 |
The DSP Award will ordinarily become exercisable on the third anniversary of grant subject to the grantee's continued service.
Further detail regarding the DSP Award is set out in the notice of the General Meeting of the Company held on 26 June 2024.
The following notifications are made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
| 1 | Details of the person discharging managerial responsibilities/persons closely associated | ||||||
| a) | Name | William Berman | |||||
| 2 | Reason for 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 | Pinewood Technologies Group PLC | |||||
| b) | LEI | 213800VRSPZFOGMMIS18 | |||||
| 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 and identification code | Ordinary Shares of £1.00 each ISIN: GB00BSB7BS06 | |||||
| b) | Nature of transaction | Grant of a conditional share award over Shares under the Company's Long Term Incentive Plan | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated Information | Not applicable - single transaction | |||||
| e) | Date of transaction | 15 July 2024 | |||||
| f) | Place of transaction | Outside of a trading venue | |||||
| 1 | Details of the person discharging managerial responsibilities/persons closely associated | ||||||
| a) | Name | Oliver Mann | |||||
| 2 | Reason for 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 | Pinewood Technologies Group PLC | |||||
| b) | LEI | 213800VRSPZFOGMMIS18 | |||||
| 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 and identification code | Ordinary Shares of £1.00 each ISIN: GB00BSB7BS06 | |||||
| b) | Nature of transaction | Grant of a conditional share award over Shares under the Company's Long Term Incentive Plan | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated Information | Not applicable - single transaction | |||||
| e) | Date of transaction | 15 July 2024 | |||||
| f) | Place of transaction | Outside of a trading venue | |||||
| 1 | Details of the person discharging managerial responsibilities/persons closely associated | ||||||
| a) | Name | William Berman | |||||
| 2 | Reason for 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 | Pinewood Technologies Group PLC | |||||
| b) | LEI | 213800VRSPZFOGMMIS18 | |||||
| 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 and identification code | Ordinary Shares of £1.00 each ISIN: GB00BSB7BS06 | |||||
| b) | Nature of transaction | Grant of a conditional share award over Shares under the Company's Deferred Share Plan | |||||
| c) | Price(s) and volume(s) |
| |||||
| d) | Aggregated Information | Not applicable - single transaction | |||||
| e) | Date of transaction | 15 July 2024 | |||||
| f) | Place of transaction | Outside of a trading venue | |||||
OLIVER MANN
COMPANY SECRETARY
16 July 2024
Enquiries:
Headland Henry Wallers Tel: 0203 805 4822
Jack Gault
-ENDS-
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