Source - RNS
RNS Number : 5948I
Sky PLC
31 August 2016
 

 

Sky plc 

(the 'Company')

 

1.  Pursuant to the Company's Co-Investment Plan (the 'Plan'), Jeremy Darroch, Group Chief Executive Officer, and Andrew Griffith, Group Chief Operating Officer & Group Financial Officer (together the 'Executive Directors'), each elected to invest the maximum entitlement of 50% of their bonus for the year ended 30 June 2016 in ordinary shares in the Company ('Investment Shares'), and have subsequently received an award of matching shares at nil cost ('Matching Shares') on 31 August 2016, as set out below.

 

Executive Director

Investment Shares acquired

Matching Shares awarded

Jeremy Darroch

61,793

176,110

Andrew Griffith

29,178

83,159

 

Shares were purchased on behalf of the Executive Directors in London on 30 August 2016 at a price of 863.91 pence per share.

 

These awards will vest on 31 August 2019, dependent upon the achievement of a target level of growth in the Company's earnings per share in the three year period to 30 June 2019.

 

2.  Pursuant to the Plan, on 30 August 2016 the Executive Directors each exercised matching shares granted in 2013 which vested in full on 28 August 2016 as a result of the Plan exceeding its target growth in earnings per share for the period ended 30 June 2016, as set out below.

 

Executive Director

2013 Matching Shares exercised and sold (including to cover tax liabilities)

Jeremy Darroch

162,794

Andrew Griffith

74,249

 

Shares were sold on behalf of the Executive Directors in London on 30 August 2016 at a price of 860.151 pence per share.

 

3.   The beneficial interests of the Executive Directors in the Company following this notification are: 

 

Jeremy Darroch:           689,871   

Andrew Griffith:            172,445

 

Contacts:

 

Investor Relations

Rob Kingston

Tel: 0207 032 3726

 

Corporate Communications

Eleanor Mills

Tel: 0207 032 6615

 

 

The notifications below are made in accordance with the requirements of the EU Market Abuse Regulation.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Jeremy Darroch

2

 

Reason for the notification

 

a)

 

Position/status

 

Group 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

 

Sky plc

b)

 

LEI

 

2138003TS48MQKF4BZ29

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 50 pence each in Sky plc

 

 

ISIN: GB0001411924

 

b)

 

Nature of the transaction

 

Purchase of investment shares under the Co-Investment Plan.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

863.91

61,793

 

d)

 

Aggregated information

- Aggregated volume

- Price

n/a

e)

 

Date of the transaction

 

2016-08-30

f)

 

Place of the transaction

 

London

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Jeremy Darroch

2

 

Reason for the notification

 

a)

 

Position/status

 

Group 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

 

Sky plc

b)

 

LEI

 

2138003TS48MQKF4BZ29

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 50 pence each in Sky plc

 

 

ISIN: GB0001411924

 

b)

 

Nature of the transaction

 

Grant of awards under the Co-Investment Plan at nil cost.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

n/a

176,110

 

d)

 

Aggregated information

- Aggregated volume

- Price

n/a

e)

 

Date of the transaction

 

2016-08-31

f)

 

Place of the transaction

 

n/a

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Jeremy Darroch

2

 

Reason for the notification

 

a)

 

Position/status

 

Group 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

 

Sky plc

b)

 

LEI

 

2138003TS48MQKF4BZ29

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 50 pence each in Sky plc

 

 

ISIN: GB0001411924

 

b)

 

Nature of the transaction

 

Exercise and sale of awards under the Co-Investment Plan.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

860.151

162,794

 

d)

 

Aggregated information

- Aggregated volume

- Price

n/a

e)

 

Date of the transaction

 

2016-08-30

f)

 

Place of the transaction

 

London

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Andrew Griffith

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Chief Operating Officer & Group 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

 

Sky plc

b)

 

LEI

 

2138003TS48MQKF4BZ29

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 50 pence each in Sky plc

 

 

ISIN: GB0001411924

 

b)

 

Nature of the transaction

 

Purchase of investment shares under the Co-Investment Plan.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

863.91

29,178

 

d)

 

Aggregated information

- Aggregated volume

- Price

n/a

e)

 

Date of the transaction

 

2016-08-30

f)

 

Place of the transaction

 

London

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Andrew Griffith

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Chief Operating Officer & Group 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

 

Sky plc

b)

 

LEI

 

2138003TS48MQKF4BZ29

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 50 pence each in Sky plc

 

 

ISIN: GB0001411924

 

b)

 

Nature of the transaction

 

Grant of awards under the Co-Investment Plan at nil cost.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

n/a

83,159

 

d)

 

Aggregated information

- Aggregated volume

- Price

n/a

e)

 

Date of the transaction

 

2016-08-31

f)

 

Place of the transaction

 

n/a

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Andrew Griffith

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Chief Operating Officer & Group 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

 

Sky plc

b)

 

LEI

 

2138003TS48MQKF4BZ29

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 50 pence each in Sky plc

 

 

ISIN: GB0001411924

 

b)

 

Nature of the transaction

 

Exercise and sale of awards under the Co-Investment Plan.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

860.151

74,249

 

d)

 

Aggregated information

- Aggregated volume

- Price

n/a

e)

 

Date of the transaction

 

2016-08-30

f)

 

Place of the transaction

 

London

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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