Source - LSE Regulatory
RNS Number : 8672A
Helical PLC
04 June 2021
 

4 June 2021

HELICAL PLC

("Helical" or the "Company")

Notification of Interests of Directors, PDMRs and Connected Persons

 

The Company was informed today of the following transactions in relation to the Executive Directors and PDMRs:

 

1.   Performance Share Plan 2014 - 2021 Award

 

On 2 June 2021, under the terms of the Performance Share Plan 2014, the following share awards were made to the Executive Directors/PDMRs at the average of the closing mid-market prices for the five days to 1 June 2021, of 430.10p. These awards will vest in June 2024, depending on the extent to which the Plan's performance criteria are met:

 

Executive Directors

Shares Awarded

Gerald Kaye

316,641

Tim Murphy

184,288

Matthew Bonning-Snook

246,309

 

 

PDMRs

 

Tom Anderson

71,425

James Moss

66,071

 

No consideration was paid for the grant of the awards which have been structure as nil-cost options.

 

2.   Performance Share Plan 2014 - 2018 Award

 

On 2 June 2021, shares awarded under the terms of the Performance Share Plan 2014 were made available to Executive Directors and employees of the Company. These shares were originally awarded on 1 June 2018 and, having met their performance criteria such that 73.99% qualified for vesting, are available to be transferred to the award holders, net of associated tax liabilities.

 

Shares originally awarded to Directors and PDMRs and the net shares retained after the payment of associated tax liabilities are as follows:

 

Executive Directors

Shares Awarded

Shares Vesting

Shares Retained

Gerald Kaye

343,333

254,032

134,636

Tim Murphy

199,800

147,832

78,350

Matthew Bonning-Snook

267,066

197,602

104,729

 

 

 

 

PDMRs

 

 

 

Tom Anderson

64,000

47,353

25,097

James Moss

64,000

47,353

25,097

 

 

 

 

3.   Share Incentive Plan - Award of Free, Partnership and Matching Shares

 

On 2 June 2021, under the rules of the Helical plc Share Incentive Plan (the "Plan"), Helical Bar Trustees Limited awarded ordinary shares to the Company's Executive Directors, PDMRs and employees at the closing mid-market price on 1 June 2021 of 430.50p.

 

Shares awarded to the Executive Directors/PDMRs were as follows:

 

Executive Directors

Number of Shares

Gerald Kaye

836

Tim Murphy

836

Matthew Bonning-Snook

836

 

 

PDMRs

 

Tom Anderson

836

James Moss

836

 

4.   Director's Interests in Shares

 

Following the transactions noted above, the Director's interests in shares will be as follows:

 

Executive Directors

Shares

Legally Held

Deferred

Shares

Share

Incentive Plan

Outstanding PSP Awards

Gerald Kaye

2,197,439

343,057

63,686

1,063,418

Tim Murphy

686,166

124,776

40,413

618,899

Matthew Bonning-Snook

1,378,574

250,707

63,205

827,190

 

5.   Additional Listing

 

Application has been made to the Financial Conduct Authority for admission to the Official List, and to the London Stock Exchange plc for admission to trading, for a total of 834,104 ordinary shares of 1p each. It is expected that the hearing will take place on 8 June 2021 and that trading will commence on 9 June 2021.

 

The shares are being issued in connection with the vesting of awards granted under the Company's Performance Share Plan 2014, as detailed under Point 2 above.

 

Following admission, the number of ordinary shares in issue will be 122,099,814 each carrying one voting right. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their request in, Helical plc under the FCS's Disclosure and Transparency Rules.

 

This notification is made in accordance with the requirements of the EU Market Abuse Regulation. The identification code for ordinary shares of 1p each in the Company is GB00B0FYMT95. The awards took place outside a trading venue.

 

For further information please contact:

 

Helical plc

 

Tim Murphy (Finance Director)

Tel:                        020 7629 0113

 

Address:               5 Hanover Square

                             London                 

                             W1S 1HQ

 

Website:               www.helical.co.uk

 

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