Director/PDMR Shareholding
Updated : 07:30
Network International Holdings Plc
GRANT OF SHARE AWARDS UNDER THE NETWORK INTERNATIONAL HOLDINGS PLC's ANNUAL DEFERED BONUS PLAN
Network International Holdings plc (LSE: NETW) (the Company) has on 1st June 2020, granted effective as of 1 May 2020 (the Effective Date), awards (the Awards) to acquire ordinary shares in the Company (the Shares), subject to and in accordance with the rules of the Network International Holdings Annual Deferred Bonus Plan (the Plan), to the Group Chief Executive Officer and the Group Chief Financial Officer as listed in the table below (the "Participants").
Name | Number of Shares subject to Award |
Simon Haslam | 15,683 |
Rohit Malhotra | 9,226 |
The Awards are made for achievement of targeted performance for the year 2019. The total 2019 amount for Simon Haslam awarded under the Annual Deferred Bonus Plan, with the portion paid in cash and the portion deferred into shares, was disclosed in the 2019 Directors' Remuneration Report under the Annual Report on Remuneration section, which was approved by shareholders at the last Annual General Meeting. The Awards are granted as Conditional Awards. Subject to the rules of the Plan, each of the Awards will normally vest on the third anniversary of the Effective Date.
Participants will be entitled to receive additional Shares, which will be purchased using any dividends paid or payable on the Shares subject to their Awards, between the Effective Date until the date of vesting.
A copy of the FCA notification form in respect of the grant of the Awards to each PDMR, as required under the EU Market Abuse Regulation and in the prescribed format, is set out below.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014.
1 | Details of PDMR | |
a. | Name | Simon Mark Haslam |
2 | Reason for Notification | |
a. | Position / Status | Group Chief Executive Officer |
b. | Initial Notification / Amendment | Initial Notification |
3 | Details of the Issuer | |
a. | Name | Network International Holdings Plc |
b. | Legal Entity Identifier | 213800VRNKWENNLKK60 |
4 | Details of the Transaction(s) | |
a. | Description of the Financial Instrument | Shares |
b. | Identification Code | GB00BH3VJ782 |
c. | Nature of the Transaction | Grant of Awards under the Network International Holdings Annual Deferred Bonus Plan |
d. | Date & Place of Transaction | 1 June 2020, London Stock Exchange, Main Market, (XLON) |
e. | Price(s) and Volume(s) | Price Volume |
£ 0.00 15,683 Ordinary Shares | ||
f. | Additional information | |
- Aggregated volume | N/A Single transaction | |
- Aggregated price | N/A Single transaction | |
|
| |
1 | Details of PDMR | |
a. | Name | Rohit Malhotra |
2 | Reason for Notification | |
a. | Position / Status | Group Chief Financial Officer |
b. | Initial Notification / Amendment | Initial Notification |
3 | Details of the Issuer | |
a. | Name | Network International Holdings Plc |
b. | Legal Entity Identifier | 213800VRNKWENNLKK60 |
4 | Details of the Transaction(s) | |
a. | Description of the Financial Instrument | Shares |
b. | Identification Code | GB00BH3VJ782 |
c. | Nature of the Transaction | Grant of Awards under the Network International Holdings Annual Deferred Bonus Plan |
d. | Date & Place of Transaction | 1 June 2020, London Stock Exchange, Main Market, (XLON) |
e. | Price(s) and Volume(s) | Price Volume |
£ 0.00 9,226 Ordinary Shares | ||
f. | Additional information | |
- Aggregated volume | N/A Single transaction | |
- Aggregated price | N/A Single transaction |
Enquiries
Network International | |
Amie Gramlick: Head of Investor Relations | |
Finsbury | |
James Leviton, Andy Parnis: Media Relations |
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