12 Apr 2021 09:35
12 April 2021
Arrow Global Group PLC (the "Company")
Director/PDMR Shareholding
Notification of Transactions of Directors, Persons Discharging Responsibility or Persons Closely Associated - DTR3.1.4R(1)
Arrow Global Group PLC announces that on 9 April 2021, it granted nil-cost options over its ordinary shares under the Arrow Global Group Long - Term Incentive Plan ("LTIP") to the following directors and persons discharging managerial responsibility:
DIRECTORS | NUMBER OF NIL COST OPTIONS UNDER LTIP* |
Lee Rochford | 302,367 |
Matthew Hotson | 234,714 |
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES | NUMBER OF NIL COST OPTIONS UNDER LTIP* |
Clare Dyer | 85,470 |
Martina Swart | 98,619 |
Dave Sutherland | 94,975 |
Oliver Stratton | 73,964 |
* No payment is required for the shares, which will vest on the third anniversary of the date of grant, subject to the achievement of performance targets measured over a three year period which commenced on 1 January 2021.
The performance measures for the nil-cost options are underlying ROE (as regards one third of the award), relative TSR (as regards one third of the award) and underlying FCF (as regards one third of the award), as disclosed on page 95 of the Annual Report and Accounts 2020. Underlying FCF (being cash from operations after interest and taxes, but before exceptional business disposals and excluding adjusted items and subject to such other adjustments (if any) as the Remuneration Committee determines) is a three year cumulative target with threshold vesting being achieved at £700m and maximum vesting at £850m, with straight line vesting in between. The targets for the ROE and relative TSR measures are as set out on page 95 of the Annual Report and Accounts 2020.
ENQUIRIES
Louise Brace, Deputy Company Secretary +44 (0) 7542 859 618
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Lee Rochford | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Chief Executive Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | Arrow Global Group Plc | ||||
b) | LEI code | 213800CUJ6YMLEO33C88 | ||||
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 Identification code | Ordinary shares of 1p each ISIN: GB00BDGTXM47 | ||||
b) | Nature of the transaction | Grant of award under the Company's Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s)
| LTIP Award
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 9 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Matthew Hotson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Chief Financial Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | Arrow Global Group Plc | ||||
b) | LEI code | 213800CUJ6YMLEO33C88 | ||||
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 Identification code | Ordinary shares of 1p each ISIN: GB00BDGTXM47 | ||||
b) | Nature of the transaction | Grant of award under the Company's Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) | LTIP Award
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 9 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Clare Dyer | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Chief People Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | Arrow Global Group Plc | ||||
b) | LEI code | 213800CUJ6YMLEO33C88 | ||||
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 Identification code | Ordinary shares of 1p each ISIN: GB00BDGTXM47 | ||||
B) | Nature of the transaction
| Grant of award under the Company's Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) | LTIP Award
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 9 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Martina Swart | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Chief Legal and Risk Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | Arrow Global Group Plc | ||||
b) | LEI code | 213800CUJ6YMLEO33C88 | ||||
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 Identification code | Ordinary shares of 1p each ISIN: GB00BDGTXM47 | ||||
b) | Nature of the transaction
| Grant of award under the Company's Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) | LTIP Award
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 9 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Dave Sutherland | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Chief Operating Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | Arrow Global Group Plc | ||||
b) | LEI code | 213800CUJ6YMLEO33C88 | ||||
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 Identification code | Ordinary shares of 1p each ISIN: GB00BDGTXM47 | ||||
b) | Nature of the transaction | Grant of awards under the Company's Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) | LTIP Award
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 9 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Oliver Stratton | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer, Fund & Investment Management | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | Arrow Global Group Plc | ||||
b) | LEI code | 213800CUJ6YMLEO33C88 | ||||
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 Identification code | Ordinary shares of 1p each ISIN: GB00BDGTXM47 | ||||
b) | Nature of the transaction | Grant of awards under the Company's Long Term Incentive Plan. | ||||
c) | Price(s) and volume(s) | LTIP Award
| ||||
d) | Aggregated information- Aggregated volume- Price | N/A | ||||
e) | Date of the transaction | 9 April 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||