Daily Mail and General Trust plc: Director/PDMR Shareholding
Daily Mail and General Trust plc: Director/PDMR Shareholding
Daily Mail and General Trust plc (DMGT) Daily Mail and General Trust plc: Director/PDMR Shareholding Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
The Company today confirms awards under the DMGT Long Term Executive Incentive Plan 2017 in accordance with the Remuneration Policy as set out in the Company's 2019 Annual Report.
A salary substitution plan has been introduced across Consumer Media, Landmark and the Corporate centre to replace a portion of the April to June 2020 salary of higher earners with equity in DMGT. While the cost implications are not material, this action will support the Group's cash generation and the scheme will help align employees' and shareholders' interests. DMGT has not taken any government financial support.
Awards under the salary substitution plan will vest on 29 January 2021 and are either in the form of forfeitable A Ordinary Non-Voting shares or conditional share awards over A Ordinary Non-Voting shares. For both types of awards, the number of A Ordinary Non-Voting shares was calculated by reference to a share price of £6.69 (the average share price for the 3 days: 6 April to 8 April inclusive).
Name of officer responsible for making notification: Fran Sallas, Company Secretary DMGT, 0203 615 2904
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ISIN: | GB00BJQZC279 |
Category Code: | DSH |
TIDM: | DMGT |
LEI Code: | 4OFD47D73QFJ1T1MOF29 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 66700 |
EQS News ID: | 1058283 |
End of Announcement | EQS News Service |
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