10 March 2022
JUPITER FUND MANAGEMENT PLC (the "Company")
Director Shareholding
The Company announces that, on 9 March 2022, the following nil cost share options over the Company's Ordinary shares of 2 pence each ("Shares") were granted to PDMRs in accordance with the rules of the Company's 2018 Deferred Bonus Plan ("DBP") and the Company's 2018 Long Term Incentive Plan ("LTIP").
Andrew Formica
- Granted 834,488 nil cost options under the LTIP1.
Wayne Mepham
- Granted 363,140 nil cost options under LTIP1.
- Granted 122,406 nil cost options under the DBP 2.
1. LTIP options are exercisable between 3 March 2027 and 3 September 2027.
2. DBP options are exercisable in three tranches between 3 September 2023 and 3 March 2024, 3 September 2024 and 3 March 2025 and 3 September 2025 and 3 March 2026.
These awards are subject to continued employment over the deferral period and in the case of the LTIP are subject to the satisfaction of performance conditions over the three-year performance period (2022 - 2024).
External global factors have resulted in significant market volatility over the past fortnight. Given the extent of on-going uncertainties, the Remuneration Committee decided to make the grant in line with the Company's standard approach (with the number of shares to be awarded based on the average share price for the three days preceding grant) and will review the final outturn to ensure that there have not been any windfall gains. This is additional to the standard risk and compliance assessment and review of the final outturn to ensure it is warranted based on shareholder and client experience over the performance period.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
| 1. | Details of the person discharging managerial responsibilities/ person closely associated | |||||||
| a) | Name | Andrew Formica | ||||||
| 2. | Reasons for the notification | |||||||
| a) | Position / status | Chief Executive Officer | ||||||
| b) | Initial notification / amendment | Initial notification | ||||||
| 3. | Details of the issuer | |||||||
| a) | Name | Jupiter Fund Management plc | ||||||
| b) | Legal Identifier Code | 5493003DJ1G01IMQ7S28 | ||||||
| 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
Identification code
| Ordinary shares of 2 pence
GB00B53P2009
| ||||||
| b) | Nature of the transaction | Grant of nil cost options under the 2018 LTIP plans as below: 2018 LTIP - over 834,488 shares | ||||||
| c) | Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information
- Aggregated volume
-Price | N/A
| ||||||
| e) | Date of the transaction | 9 March 2022 | ||||||
| f) | Place of Transaction
| Outside a trading venue | ||||||
| 1. | Details of the person discharging managerial responsibilities/ person closely associated | |||||||
| a) | Name | Wayne Mepham | ||||||
| 2. | Reasons for the notification | |||||||
| a) | Position / status | Chief Financial Officer | ||||||
| b) | Initial notification / amendment | Initial notification | ||||||
| 3. | Details of the issuer | |||||||
| a) | Name | Jupiter Fund Management plc | ||||||
| b) | Legal Identifier Code | 5493003DJ1G01IMQ7S28 | ||||||
| 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
Identification code
| Ordinary shares of 2 pence
GB00B53P2009
| ||||||
| b) | Nature of the transaction | Grant of nil cost options under the 2018 DBP and 2018 LTIP plans as below: 2018 DBP: DA - over 122,406 shares 2018 LTIP - over 363,140 shares | ||||||
| c) | Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information
- Aggregated volume
-Price |
485,546
Nil | ||||||
| e) | Date of the transaction | 9 March 2022 | ||||||
| f) | Place of Transaction | Outside a trading venue | ||||||
For further information please contact:
Investors Media
Jupiter Lisa Daniels Despina Constantinides
+44 (0)20 3817 1664 +44 (0)20 3817 1278
Powerscourt Justin Griffiths
+44 (0)20 7250 1446
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