18 May 2022
Public Policy Holding Company, Inc.
(the "Company" and, together with its subsidiaries, "PPHC" or the "Group")
Option Issuance and Director/PDMR Dealing
PPHC, a leading bi-partisan, full-service US government affairs business, announces that it has granted options over shares of Common Stock, par value $0.001 per share (the "Ordinary Shares") in the Company (the "Options") to a broad range of its current employee base, including certain Directors and senior employees ("PDMR"s) of the Company, under PPHC's 2021 Omnibus Incentive Plan ("Omnibus Plan") that was adopted in connection with the Group's admission to AIM in December 2021.
In total 2,685,004 Options have been granted on 17 May 2022 as part of an initial tranche of 2,705,852 Options under the Omnibus Plan. Of this first tranche, 648,446 Options have been granted to PDMRs (including Executive Directors and other senior management). The Options will vest in full in three years from the grant date and will be subject to certain acceleration and clawback events tied to continuation of employment and compliance with various employment-related agreements. The Options will have an exercise price of 177 pence per Ordinary Share, being 120% of the closing price on the grant date, 17 May 2022.
As set out in the Group's Admission Document, PPHC strives to attract and retain high quality staff in order to best serve its clients. These Omnibus Plan awards are being made in order to incentivise senior management and a broad range of employees through equity-based awards, further aligning interests of employee shareholders with PPHC's core mission and objectives. The resultant holdings of Options by Directors and PDMRs are set out below:
| Director / PDMR | No. of Options previously held | No. of Options granted | Resultant interest in Options | |
| Stewart Hall (Executive Director) | 0 | 50,000 | 50,000 | |
| William Chess (Executive Director) | 0 | 50,000 | 50,000 | |
| Zachary Williams (Executive Director) | 0 | 24,026 | 24,026 | |
| Jill Kendrick (PDMR) | 0 | 50,000 | 50,000 | |
| Thomas Gensemer (PDMR) | 0 | 100,000 | 100,000 | |
| Neal Strum (PDMR) | 0 | 100,000 | 100,000 | |
| Johnson Green (PDMR) | 0 | 36,850 | 36,850 | |
| Jeffrey Forbes (PDMR) | 0 | 24,026 | 24,026 | |
| Daniel Tate (PDMR) | 0 | 24,026 | 24,026 | |
| Mathew Lapinski (PDMR) | 0 | 44,750 | 44,750 | |
| James G. Means (PDMR) | 0 | 25,149 | 25,149 | |
| Rhoderick M. Shaw (PDMR) | 0 | 73,932 | 73,932 | |
| Lawrence Spivey (PDMR) | 0 | 45,687 | 45,687 | |
Enquiries
| Public Policy Holding Company Inc. Stewart Hall, CEO William Chess, CFO
| +1 (202) 688 0020
|
| Stifel (Nominated Adviser & Broker) Fred Walsh Tom Marsh Ross Poulley | +44 (0) 20 7710 7600 |
|
Instinctif Partners Tim Linacre Rozi Morris Guy Scarborough |
+44 (0) 20 7457 2020 pphc@instinctif.com |
About PPHC
PPHC is a leading bi-partisan, full-service US government affairs business. It operates a portfolio of independent firms offering public affairs, crisis management, lobbying and advocacy services on behalf of corporate, trade association and non-profit client organisations. Clients engage the Group to enhance and defend their reputations, advance policy goals, manage regulatory risk, or otherwise engage with US federal and state-level policy makers, stakeholders, media, and directly to the public at large.
Since its inception in 2014, the Group acquired and integrated eight businesses, now operating as five separate, independent companies, focused at the federal government level in the US and with expanding reach into key US states and metropolitan areas. The five operating entities which form the operating subsidiaries of the Group are Crossroads Strategies LLC, Forbes Tate Partners LLC, Seven Letter, O'Neill & Associates and Alpine Group Partners LLC.
For more information, see www.pphcompany.com
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Stewart Hall, CEO | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Executive Director | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | William Chess, CFO | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Executive Director | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Zachary Williams | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Executive Director | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Jill Kendrick | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Senior Management | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Thomas Gensemer | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Senior Management | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Neal Strum | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Senior Management | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Johnson Green | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Senior Management | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Jeffrey Forbes | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Senior Management | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Daniel Tate | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Senior Management | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Mathew Lapinski | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Senior Management | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | James G. Means | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Senior Management | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Rhoderick M. Shaw | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Senior Management | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Lawrence Spivey | ||||||
| 2 | Reason for the notification | |||||||
| b) | Position/Status: | Senior Management | ||||||
| c) | Initial notification/Amendment: | Initial notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| d) | Name: | Public Policy Holding Company, Inc. | ||||||
| e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||||
| 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 | |||||||
| f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||||
| g) | Nature of the transaction: | Award of Options under PPHC Omnibus Plan scheme | ||||||
| h) | Price(s) and volume(s):
|
| ||||||
| i) | Aggregated information: · Aggregated volume · Price | N/A single transaction N/A single transaction | ||||||
| j) | Date of the transaction: | 2022-05-17 | ||||||
| k) | Place of the transaction: | Off market transaction | ||||||
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