REG - Merit Group PLC - Director/PDMR Shareholding

MeritAnnouncement

01/05/2024 07:15

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RNS Number : 7067M  Merit Group PLC  01 May 2024

1 May 2024

 

Merit Group Plc

("Merit", the "Company" or the "Group")

Director/PDMR Shareholding

 

Update on Awards granted under the Merit Group plc Performance Share Plan 2022

Merit Group Plc (AIM: MRIT), the AIM-listed data and intelligence business,
today announces it has approved an amendment to the terms of options granted
to Philip Machray (the "Options") under the rules of the Merit Group plc
Performance Share Plan 2022. The grant of the Options was announced on 17
November 2021.

On 26 January 2024, the Company announced the appointment of Philip Machray as
Chief Executive Officer. In connection with the appointment, Merit's
Remuneration Committee determined that it was appropriate to amend the
performance periods attaching to the Options as follows:

 

 Name            Position     Original Performance Period                                               Amended Performance Period
 Philip Machray  CEO and CFO  The period commencing on 17 November 2021 and ending on 17 November 2024  The period commencing on 17 November 2021 and ending on 17 November 2027

Except as set out in this announcement, the terms of the Options remain as
announced on 17 November 2021.

 

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.

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name

                                                                   Philip Machray
 2    Reason for the notification
 a)   Position/status

                                                                   Chief Executive Officer and Chief Financial Officer

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Merit Group plc

 b)   LEI                                                          213800HG65J6TYGNJU20

 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  Ordinary Shares of 28 pence each

      Identification code

                                                            ISIN: GB00BNYKJJ86

 b)   Nature of the transaction                                    Change of performance criteria - end of performance period extended from 17

                                                            November 2024 to 17 November 2027

 c)   Price(s) and volume(s)                                        Price(s)                                  Volume(s)

       N/a                                                                                                    N/a
 d)   Aggregated information

      - Aggregated volume                                          N/a

      - Price                                                      N/a

 e)   Date of the transaction                                      30 April 2024

 f)   Place of the transaction                                     Outside a trading venue

 

 

 For further information, please contact:
 Merit Group plc
 Mark Smith - Chairman                                  020 7593 5500

 Phil Machray - CEO & CFO                               020 7593 5518

 www.meritgroupplc.com (http://www.meritgroupplc.com)

 Canaccord Genuity Limited (Nomad and Broker)

 Bobbie Hilliam                                         020 7523 8150

 Harry Pardoe

 

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