26 October 2021
Hyve Group plc
('Hyve' or 'the Company')
Director/PDMR Shareholding
HYVE GROUP PLC - NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Hyve Group plc announces that, on 26 October 2021, the following Directors and Persons Discharging Managerial Responsibility ("PDMRs") have been granted awards (by way of an acquisition of shares in Hyve Holdings Limited) under the Company's Value Creation Plan (the "VCP" or the "Plan") which was approved by shareholders in a general meeting on 25 October 2021. The awards entitle the PDMRs to acquire ordinary shares of 10pence each in the Company ("Shares") up to the maximum number set out below, subject to the satisfaction of certain performance conditions and continued employment.
In accordance with Hyve's approved Remuneration Policy, the VCP is designed to align the interests of the Company's shareholders and senior management allowing them to share in the incremental shareholder value created over the next 3, 4 and 5 years. Vesting is dependent on performance conditions being satisfied in 2024, 2025 and 2026.
| Name of PDMR | Title | Maximum number of Shares under award |
| Mark Shashoua | Chief Executive Officer | 6,495,638 |
| John Gulliver | Chief Finance and Operations Officer | 3,526,203 |
Set out below are the notifications made in accordance with Article 19 of the UK Market Abuse Regulation.
For further information please contact:
| Hyve Group plc Jared Cranney, Company Secretary
|
+44 (0)20 3545 9400
|
| FTI Consulting Charles Palmer/Chris Birt / Jamille Smith / Tom Blundell
|
+44 (0)20 3727 1000
|
Notification of Dealing Form:
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Mark Shashoua | ||||
| 2
| Reason for the 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
| Hyve Group plc | ||||
| b)
| LEI
| 549300ZOQOW485BCD047 | ||||
| 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
| Ordinary Shares of 10 pence each in the Company ("Shares") | ||||
| Identification code | ISIN: GB00BKP36R26 | |||||
| | | |||||
| b)
| Nature of the transaction
| Grant of conditional award over Shares under the Hyve Group plc Value Creation Plan 2021
| ||||
| c)
| Price(s) and volume(s) |
| ||||
| d) | Aggregated Information
Volume
Price | n/a single transaction
| ||||
| e) | Date of transaction | 26 October 2021 | ||||
| f) | Place of transaction | Outside a trading venue | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| John Gulliver | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Finance and Operations Officer | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| Hyve Group plc | ||||
| b)
| LEI
| 549300ZOQOW485BCD047 | ||||
| 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
| Ordinary Shares of 10 pence each in the Company ("Shares") | ||||
| Identification code | ISIN: GB00BKP36R26 | |||||
| | | |||||
| b)
| Nature of the transaction
| Grant of conditional award over Shares under the Hyve Group plc Value Creation Plan 2021
| ||||
| c)
| Price(s) and volume(s) |
| ||||
| d) | Aggregated Information
Volume
Price | n/a single transaction
| ||||
| e) | Date of transaction | 26 October 2021 | ||||
| f) | Place of transaction | Outside a trading venue | ||||
About Hyve Group plc
Hyve Group plc is a next-generation global events business whose purpose is to bring together entire sector ecosystems from all corners of the globe. We meet our customer needs to learn, network and trade via both market leading in-person and online events. Hyve Group plc is all about globally consistent best practice and unrivalled quality. Our vision is to create the world's leading portfolio of content-driven, must-attend events delivering an outstanding experience and ROI for our customers. Hyve's market leading portfolio of global brands include: Shoptalk, Spring Fair, MosBuild, Bett, Mining Indaba and recently acquired Retail Meetup, a ground-breaking digital platform enabling online networking and trade to take place at scale.
Where business is personal, where meetings move markets and where today's leaders inspire tomorrow's.
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