REG - Trustpilot Group PLC - Director/PDMR Shareholding

TrustpilotAnnouncement

01/05/2024 16:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240501:nRSA8836Ma&default-theme=true

RNS Number : 8836M  Trustpilot Group PLC  01 May 2024

Trustpilot Group plc ("Trustpilot" or the "Company")

 

Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMRs) and Persons Closely Associated with them

 

Deferred Share Bonus Plan Awards

The Company announces that on 30 April 2024 and 1 May 2024, conditional awards
were made to the individuals listed below under the Trustpilot Group plc
Deferred Share Bonus Plan ("DSBP") reflecting 25% of the bonus achieved for
financial year 2023. In accordance with the terms of the Company's
remuneration policy, 25% of the company bonus determinations for its executive
directors are required to be deferred in shares to be held for a two-year
period.

The number of awards granted under the DSBP was calculated using the
three-month average share price to 24 April 2024, being the date of
Remuneration Committee approval of grant. The vesting date for the DSBP awards
will normally be two years from the date of bonus payment and the award will
be settled by the transfer of existing ordinary shares of the Company (other
than treasury shares).

Awards will vest on the vesting date save in the case of departure from the
Company due to misconduct resulting in summary dismissal or which would
justify summary dismissal, as determined by the Company's Remuneration
Committee. Malus and clawback provisions, aligning with those detailed in the
Trustpilot Group plc Long Term Incentive Plan Rules, will apply to the vesting
of the awards, expiring on the third anniversary of the end of the relevant
bonus year. The Remuneration Committee has the discretion to adjust award
levels in certain circumstances, including in the event of a demerger, special
dividend or other similar event that would affect the market price of ordinary
shares in the Company.

Peter Mühlmann received a bonus in respect of his period as Chief Executive
Officer during 2023. Due to applicable local laws, 25% of his net of tax bonus
was used to purchase shares (announced by the Company 30 April 2024), which
will be held for a period of two years.

The notification set out below is provided in accordance with the requirements
of Article 19 of the UK Market Abuse Regulation.

 

 

 1.   Details of the person discharging managerial responsibilities /person closely
      associated with them (PCA)
 (a)  Name                                                         Adrian Blair
 2.   Reason for the notification
 (a)  Position/status                                              Chief Executive Officer - PDMR
 (b)  Initial notification/amendment                               Initial Notification
 3.   Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 (a)  Name                                                         Trustpilot Group plc

 (b)  LEI                                                          2138002ILUNMGNPSGG46
 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 GBP 0.01 each

      Identification Code                                          GB00BNK9TP58
 (b)  Nature of the transaction                                    Conditional award of shares under the Trustpilot Group plc Deferred Share
                                                                   Bonus Plan
 (c)  Price(s) and volume(s)                                       Price(s)                               Volume(s)
      Nil                                                                                                 22,142
 (d)  Aggregated information/Aggregated volume Price               n/a
 (e)  Date of the transaction                                       2024-05-01
 (f)  Place of the transaction                                     Outside a trading venue

 

 1.   Details of the person discharging managerial responsibilities /person closely
      associated with them (PCA)
 (a)  Name                                                         Hanno Damm
 2.   Reason for the notification
 (a)  Position/status                                              Chief Financial Officer - PDMR
 (b)  Initial notification/amendment                               Initial Notification
 3.   Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 (a)  Name                                                         Trustpilot Group plc

 (b)  LEI                                                          2138002ILUNMGNPSGG46
 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 GBP 0.01 each

      Identification Code                                          GB00BNK9TP58
 (b)  Nature of the transaction                                    Conditional award of shares under the Trustpilot Group plc Deferred Share
                                                                   Bonus Plan
 (c)  Price(s) and volume(s)                                       Price(s)                               Volume(s)
      Nil                                                                                                 29,577
 (d)  Aggregated information/Aggregated volume Price               n/a
 (e)  Date of the transaction                                       2024-04-30
 (f)  Place of the transaction                                     Outside a trading venue

 

Enquiries:

 Trustpilot:             Anne McSherry, Company Secretary

                         Louise Bryant, Head of Investor Relations

                          +44 20 4534 5222

 Headland Consultancy:   Stephen Malthouse

                         Charlie Pepper

                         +44 (0)73 1136 9861

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBUGDUGGGDGSB