Source - LSE Regulatory
RNS Number : 0860T
Johnson Service Group PLC
22 March 2021
 

 

22 March 2021

AIM: JSG

Johnson Service Group PLC

PDMR Shareholding - Grant of Share Options

 

Johnson Service Group PLC (the "Company") announces that it has today granted nil cost options over ordinary shares of 10 pence each in the Company under the Johnson Service Group 2018 Long-Term Incentive Plan (the "LTIP Award").

 

The number of options granted to each of the Executive Directors are as follows:

 

Peter Egan, Chief Executive Officer

342,689

Yvonne Monaghan, Chief Financial Officer

226,309

 

Performance Conditions and Vesting

In line with guidance published by the Investment Association, the setting of targets in relation to the LTIP Award will be delayed until later in the year when the Remuneration Committee (the "Committee") expects to have better visibility of the Company's long-term financial performance.

 

The targets for the LTIP Award will be determined as soon as practicable, and no later than six months from the grant date, at which point the Committee will give full consideration to the performance of the Group.  The targets, once set, will be announced to the market and will also be disclosed in next year's Directors' Remuneration Report.

 

The LTIP Award will ordinarily vest three years from the date of grant and is exercisable up to ten years from the date of grant.

 

Further Holding Period

The LTIP Award is subject to an additional holding period of two years from the date on which the LTIP Award vests (the "Holding Period").   During the Holding Period, the LTIP Award holder may not normally dispose of any of the shares which vest except to cover any income tax or social security contributions arising on the exercise of the LTIP Award.

 

 

Enquiries:


Johnson Service Group PLC

Peter Egan, CEO

Yvonne Monaghan, CFO

Tel:  01928 704 600




Investec Investment Banking (NOMAD)

David Flin

Carlton Nelson

Virginia Bull

Tel:  020 7597 5970

Camarco (Financial PR)

Ginny Pulbrook

Oliver Head

 

Tel:  020 3757 4992

 

 

www.jsg.com



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

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

 

Peter Egan

2.

Reason for the Notification

a)

Position / Status

 

Chief Executive Officer / PDMR

b)

Initial Notification / Amendment

 

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Entity legal name

 

Johnson Service Group PLC

b)

Entity LEI

 

2138004WZUPWV53KWV11

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 securities

 

Identification code

 

Options over ordinary shares of 10 pence each

 

GB0004762810

b)

Nature of the transaction

 

Grant of options

c)

Individual transaction price(s) and volume(s)

 

Price

Volume

£nil

342,689

d)

Aggregated price and volume

 

Grant of 342,689 options over ordinary shares of 10 pence each at an exercise price of £nil

e)

Date of the transaction

 

22 March 2021

f)

Place of the transaction

 

Outside of a trading platform

 



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

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

 

Yvonne Monaghan

2.

Reason for the Notification

a)

Position / Status

 

Chief Financial Officer / PDMR

b)

Initial Notification / Amendment

 

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Entity legal name

 

Johnson Service Group PLC

b)

Entity LEI

 

2138004WZUPWV53KWV11

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 securities

 

Identification code

 

Options over ordinary shares of 10 pence each

 

GB0004762810

b)

Nature of the transaction

 

Grant of options

c)

Individual transaction price(s) and volume(s)

 

Price

Volume

£nil

226,309

d)

Aggregated price and volume

 

Grant of 226,309 options over ordinary shares of 10 pence each at an exercise price of £nil

e)

Date of the transaction

 

22 March 2021

f)

Place of the transaction

 

Outside of a trading platform

 

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