REG - Keystone Law Grp PLC - Vesting of LTIP awards and PDMR notifications
06/06/2024 07:00
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RNS Number : 2932R Keystone Law Group PLC 06 June 2024
6 June 2024
Keystone Law Group Plc
('Keystone Law', the 'Group' or the 'Company')
Vesting of LTIP awards and PDMR notifications
Keystone Law Group plc (AIM: KEYS), the network and tech-enabled challenger
law firm, announces that the Company has issued 111,564 ordinary shares in the
capital of the Company ("Ordinary Shares"). These shares have been allotted
following achievement of the performance criteria required to vest 85% of the
awards, to the beneficiaries of the share awards granted on 1 June 2021, under
the Keystone Law Long Term Incentive Plan 2018 ('LTIP'). Application has been
made to the London Stock Exchange for these Ordinary Shares to be admitted to
trading on AIM ("Admission"). It is expected that Admission will occur at
8:00 a.m. on 11 June 2024. The Ordinary Shares will rank pari passu with the
existing ordinary shares in the Company.
Of these Ordinary Shares, 33,204 were allotted to the following PDMR's of the
Group.
Name Number of Ordinary Shares
Ashley Miller (Executive Director, Finance Director) 16,602
William Robins (PDMR) 16,602
In order to pay the tax arising from the vesting of these Ordinary Shares,
Ashley Miller has sold 7,970 Ordinary Shares. Following these transactions
Ashley Miller now holds 228,796 Ordinary Shares representing 0.75% and William
Robins now holds 184,867 Ordinary Shares representing 0.59%.
Set out below are the notifications, made in accordance with the requirements
of the Market Abuse Regulation.
PDMR DEALING NOTIFICATION TEMPLATE
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Ashley Rupert James Patrick Miller
2 Reason for the notification
a) Position/status Finance Director
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Keystone Law Group plc
b) Legal Entity Identifier 213800RTARHELL51S215
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 £0.002 each in Keystone Law Group plc
Identification code GB00BZ020557
b 1) Nature of the transaction Vesting of shares from LTIP Award granted in June 2021 under the Keystone Law
Long Term Incentive Plan
c 1) Price(s) and volume(s) Price(s) Volume(s)
Nil 16
,6
02
b 2) Nature of the transaction Sales of shares
c 2) Price(s) and volume(s) Price(s) Volume(s)
£6.82 7,970
d) Aggregated information
Not applicable single transactions
- Aggregated volume
- Price
e) Date of the transaction
4 June 2024
f) Place of the transaction
London
PDMR DEALING NOTIFICATION TEMPLATE
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name William Robins
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Keystone Law Group plc
b) Legal Entity Identifier 213800RTARHELL51S215
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 £0.002 each in Keystone Law Group plc
Identification code GB00BZ020557
b 1) Nature of the transaction Vesting of shares from LTIP Award granted in June 2021 under the Keystone Law
Long Term Incentive Plan
c 1) Price(s) and volume(s) Price(s) Volume(s)
Nil 16
,6
02
b 2) Nature of the transaction
c 2) Price(s) and volume(s) Price(s) Volume(s)
d) Aggregated information
Not applicable single transaction
- Aggregated volume
- Price
e) Date of the transaction
4 June 2024
f) Place of the transaction
London
-ENDS-
For further information please contact:
Keystone Law Group plc
James Knight, Chief Executive Officer
Ashley Miller, Finance Director
www.keystonelaw.com
+44 (0) 20 3319 3700
Panmure Gordon (UK) Limited (Nominated Adviser and Joint Broker)
Dominic Morley (Corporate Finance)
Rupert Dearden (Corporate Broking)
www.panmure.com (http://www.panmure.com)
+44 (0) 20 7886 2500
Investec Bank plc (Joint Broker)
Carlton Nelson
James Rudd
www.investec.co.uk
+44 (0) 20 7597 5970
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Fiona Hetherington
keystonelaw@vigoconsulting.com
+44 (0)207 390 0233
Notes to editors
Keystone Law (AIM: KEY), is an award-winning, UK Top 100, law firm, providing
conventional legal services in a £10bn addressable market through its
scalable and unique model, with three defining characteristics:
· Lawyers have freedom, flexibility and autonomy, and are paid up
to 75% of what they bill.
· Lawyers determine how, when and where they work, in contrast to
the conventional law firm model.
· Lawyers are provided full infrastructure and support via its
central office team, bespoke user-friendly IT platform, and network of
colleagues and events.
Keystone Law is a full-service law firm, with 20 service areas and more than
50 industry sectors delivered by nearly 400 high calibre self-employed
Principal lawyers who work from their own offices.
In November 2020, Keystone Law was named Law Firm of the Year by The Lawyer,
the first time a 'new' law firm has won the award.
More information about Keystone can be found at www.keystonelaw.co.uk
(http://www.keystonelaw.co.uk/) .
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