29 June 2022
Made.com Group Plc
(the "Company")
Notification of Transactions by Directors/Persons Discharging Managerial Responsibilities
On 28 June 2022, the Company granted a Performance Share Plan award ("the Award") in the form of nil cost options over ordinary shares of Made.com Group Plc, under the Made.com Incentive Plan. The table below sets out the number of shares awarded to Patrick Lewis, Chief Financial Officer. The price used to determine the value of the Award was 49.7 pence per share, this being the Company's closing share price on 27 June 2022.
The Award will vest subject to the achievement of performance conditions, Patrick Lewis's continued employment over the vesting period and will be subject to a two-year post-vesting holding period. The following performance conditions apply to the Award:
· one quarter of the Award may vest subject to the achievement of gross sales growth performance;
· one quarter of the Award may vest subject to the achievement of the Company's Total Shareholder Return ("TSR") performance measured against TSR comparator groups;
· one quarter of the Award may vest subject to the achievement of earnings per share performance; and
· one quarter of the Award may vest subject to the achievement of Environmental, Social and Governance related measures.
The Remuneration Committee will have the discretion to adjust the Award outcomes if it believes that the outcome is not a fair and accurate reflection of business performance, which also includes consideration of any windfall gains. The exercise of this discretion may result in a downward or upward movement in the amount of the Award earned resulting from the application of the performance measures.
| 1 | Details of the person discharging managerial responsibilities | |||||
| a) | Name | Patrick Lewis | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of the issuer | |||||
| a) | Name | Made.com Group Plc | ||||
| b) | LEI | 213800HTMSVK071K6071 | ||||
| 4 | Details of the transaction | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares with a nominal value of £0.0001 each GB00BNXM7M46 | ||||
| b) | Nature of the transaction | Grant of nil cost options over ordinary shares under the Made.com Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
|
1,408,450
| ||||
| e) | Date of the transaction | 2022-06-28 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Meirion Morgan
Deputy Company Secretary
companysecretary@made.com
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
