REG - NCC Group PLC - Director/PDMR Shareholding
14/06/2024 16:00
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RNS Number : 2033S NCC Group PLC 14 June 2024
14 June 2024
NCC Group plc
Grant of awards under LTIP
NCC Group plc (LSE: NCC, "NCC Group" or "the Group"), a people-powered,
tech-enabled global cyber security and software escrow business, announces
that on 11 June 2024, NCC Group made awards over 1,704,639 ordinary shares of
1p each in NCC Group ("NCC Group Shares") under the NCC Group PLC 2020 Long
Term Incentive Plan to its Executive Directors as set out in the table below.
Awards are in the form of rights to receive shares at nil-cost ("LTIP
Awards").
These LTIP Awards have been made conditional upon the approval of NCC Group's
new Remuneration Policy which will be submitted to shareholders at the NCC
Group's annual general meeting, to be scheduled for either January or February
2025.
As announced on 25 January 2024, NCC's year end has changed to 30 September.
In order to allow a smooth transition to NCC Group's new financial year, which
would have commenced on 1 June but now commences on 1 October, the LTIP Awards
relate to an extended performance period, so that performance is measured over
the period from 1 June 2024 to 30 September 2027 (40 months) and the quantum
has been adjusted accordingly to relate to salary over a 16 month period. No
further LTIP Awards are intended to be made to Executive Directors for the
2024 or the 2025 financial year.
The LTIP Awards include a 'kicker' element which will vest subject to
significantly more stretching performance targets. Further detail about the
performance targets will be included in the 2024 Annual Report and Accounts.
Executive Director Role Number of NCC Group Shares under standard LTIP Award Number of NCC Group Share under 'kicker' LTIP Award
Mike Maddison Chief Executive Officer 887,409 253,545
Guy Ellis Chief Financial Officer 422,764 140,921
LTIP Awards over a further 1,954,560 NCC Group Shares were made to other
senior employees on similar terms and are not subject to the approval of the
Company's revised Remuneration Policy, including the LTIP Awards to the PDMRs
described in the notification below.
NCC Group intends that the LTIP Awards will be satisfied on vesting
predominantly by existing NCC Group Shares held by the trustee of the NCC
Group 2004 Employee Share Ownership Trust (EBT).
NCC GROUP plc
Classification - Director/PDMR Shareholding
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 Mike Maddison
2 Reason for the notification
a) Position/status Chief Executive Officer / PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform,
auctioneer or auction monitor
a) Name NCC Group plc
b) LEI 213800DJCGZRB6523934
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 1p each
Identification code
GB00B01QGK86
b) Nature of the transaction 1) Conditional grant of award under the 2024-2027 LTIP over NCC Group
plc ordinary shares of 1 pence each, with a performance period of 1 June 2024
to 30 September 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
1) Nil 1,140,954
d) Aggregated information
- Aggregated volume
- Price
Aggregated volume Aggregated price
1) 1,140,954 Nil
e) Date of the transaction 1) 2024-06-11
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
Associated
a) Name Guy Ellis
2 Reason for the notification
a) Position/status Chief Financial Officer / PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform,
auctioneer or auction monitor
a) Name NCC Group plc
b) LEI 213800DJCGZRB6523934
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 1p each
Identification code
GB00B01QGK86
b) Nature of the transaction 1) Conditional grant of award under the 2024-2027 LTIP over NCC Group
plc ordinary shares of 1 pence each, with a performance period of 1 June 2024
to 30 September 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
1) Nil 563,685
d) Aggregated information
- Aggregated volume
- Price
Aggregated volume Aggregated price
1) 563,685 Nil
e) Date of the transaction 1) 2024-06-11
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
Associated
a) Name Angela Brown
2 Reason for the notification
a) Position/status Chief Marketing Officer / PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform,
auctioneer or auction monitor
a) Name NCC Group plc
b) LEI 213800DJCGZRB6523934
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 1p each
Identification code
GB00B01QGK86
b) Nature of the transaction 1) Grant of shares under the 2024-2027 LTIP over NCC Group plc ordinary
shares of 1 pence each, with a performance period of 1 June 2024 to 30
September 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
1) Nil 140,418
d) Aggregated information
- Aggregated volume
- Price
Aggregated volume Aggregated price
1) 140,418 Nil
e) Date of the transaction 1) 2024-06-11
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
Associated
a) Name Kevin Brown
2 Reason for the notification
a) Position/status Chief Operating Officer / PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform,
auctioneer or auction monitor
a) Name NCC Group plc
b) LEI 213800DJCGZRB6523934
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 1p each
Identification code
GB00B01QGK86
b) Nature of the transaction 1) Grant of shares under the 2024-2027 LTIP over NCC Group plc ordinary
shares of 1 pence each, with a performance period of 1 June 2024 to 30
September 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
1) Nil 215,378
d) Aggregated information
- Aggregated volume
- Price
Aggregated volume Aggregated price
1) 215,378 Nil
e) Date of the transaction 1) 2024-06-11
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
Associated
a) Name Sian John
2 Reason for the notification
a) Position/status Chief Technology Officer / PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform,
auctioneer or auction monitor
a) Name NCC Group plc
b) LEI 213800DJCGZRB6523934
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 1p each
Identification code
GB00B01QGK86
b) Nature of the transaction 1) Grant of shares under the 2024-2027 LTIP over NCC Group plc ordinary
shares of 1 pence each, with a performance period of 1 June 2024 to 30
September 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
1) Nil 158,942
d) Aggregated information
- Aggregated volume
- Price
Aggregated volume Aggregated price
1) 158,942 Nil
e) Date of the transaction 1) 2024-06-11
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
Associated
a) Name Andrew Lemonofides
2 Reason for the notification
a) Position/status Global Managing Director, Escode / PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform,
auctioneer or auction monitor
a) Name NCC Group plc
b) LEI 213800DJCGZRB6523934
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 1p each
Identification code
GB00B01QGK86
b) Nature of the transaction 1) Grant of shares under the 2024-2027 LTIP over NCC Group plc ordinary
shares of 1 pence each, with a performance period of 1 June 2024 to 30
September 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
1) Nil 234,958
d) Aggregated information
- Aggregated volume
- Price
Aggregated volume Aggregated price
1) 234,958 Nil
e) Date of the transaction 1) 2024-06-11
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
Associated
a) Name Michelle Porteus
2 Reason for the notification
a) Position/status Chief People Officer / PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform,
auctioneer or auction monitor
a) Name NCC Group plc
b) LEI 213800DJCGZRB6523934
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 1p each
Identification code
GB00B01QGK86
b) Nature of the transaction 1) Grant of shares under the 2024-2027 LTIP over NCC Group plc ordinary
shares of 1 pence each, with a performance period of 1 June 2024 to 30
September 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
1) Nil 160,554
d) Aggregated information
- Aggregated volume
- Price
Aggregated volume Aggregated price
1) 160,554 Nil
e) Date of the transaction 1) 2024-06-11
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
Associated
a) Name Rebecca Fox
2 Reason for the notification
a) Position/status Group Chief Information Officer / PDMR
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform,
auctioneer or auction monitor
a) Name NCC Group plc
b) LEI 213800DJCGZRB6523934
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 1p each
Identification code
GB00B01QGK86
b) Nature of the transaction 1) Grant of shares under the 2024-2027 LTIP over NCC Group plc ordinary
shares of 1 pence each, with a performance period of 1 June 2024 to 30
September 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
1) Nil 144,430
d) Aggregated information
- Aggregated volume
- Price
Aggregated volume Aggregated price
1) 144,430 Nil
e) Date of the transaction 1) 2024-06-11
f) Place of the transaction London Stock Exchange (XLON)
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