Director/PDMR Shareholding

LONDON--()--

11 April 2018

Next Fifteen Communications Group plc

(“Next 15” or the “Company”)

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

The Company announces that on Tuesday 10 April the following performance share awards (“Awards”) over ordinary shares of 2.5 pence each in the capital of the Company (“Ordinary Shares”) were granted under the Next 15 Long Term Incentive Plan (“Next 15 LTIP”) to persons discharging managerial responsibilities ("PDMR"):

PDMR   No. of Ordinary Shares subject to Award
Tim Dyson 134,105
Peter Harris 67,889

The above awards granted under the Next 15 LTIP will vest in annual tranches over the five-year performance period, subject to satisfaction of the performance conditions below, continued employment and holding periods.

Vested tranches may be released after (i) year 3 of the performance period (in respect of tranches vesting for years 1 to 3) and (ii) year 5 of the performance period (in respect of tranches vesting for years 4 and 5. Vesting will be determined for up to 70% of the Awards by the achievement of EPS growth targets and for up to 30% by KPI conditions. The Release of an Award is ordinarily subject to continued employment of the participant

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation. Details of the full notifications received by the Company are set out below.

1.   Details of PDMR / person closely associated with them ("PCA")
a) Name   Tim Dyson
2. Reason for the notification
a) Position/ status Chief Executive Officer
b) Initial notification / amendment Initial notification.
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Next Fifteen Group Communications PLC
b) LEI: 213800BK9MBUZUUPMZ63
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 the transactions have been conducted.
a) Description of the financial instrument Ordinary Shares of 2.5p each.

ISIN: GB0030026057

b) Nature of the transaction Grant of share awards over Ordinary Shares under the Next Fifteen Communications Group PLC LTIP.
c) Price(s) and volume(s)

Price(s)  Volume(s)

 

£nil      134,105

 

d) Aggregated information

Aggregated volume Price

Single transaction - Grant of performance share award over 134,105 Ordinary Shares at nil cost.
e) Date of the transaction 10 April 2018
f) Place of the transaction Outside a trading venue.
 
1.   Details of PDMR / person closely associated with them ("PCA")
a) Name   Peter Harris
2. Reason for the notification
a) Position/ status Chief Finance Officer
b) Initial notification / amendment Initial notification.
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Next Fifteen Group Communications PLC
b) LEI: 213800BK9MBUZUUPMZ63
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 the transactions have been conducted.
a) Description of the financial instrument Ordinary Shares of 2.5p each.

ISIN: GB0030026057

b) Nature of the transaction Grant of share awards over Ordinary Shares under the Next Fifteen Communications Group PLC LTIP.
c) Price(s) and volume(s)

Price(s)    Volume(s)

 

£nil    67,889

 

d) Aggregated information

Aggregated volume Price

Single transaction - Grant of performance share award over 67,889 Ordinary Shares at nil cost.
e) Date of the transaction 10 April 2018
f) Place of the transaction Outside a trading venue.

Name of authorised official of issuer responsible for making notification:

Next Fifteen Communications Group plc              
Nick Lee Morrison, General Counsel & Company Secretary +44 (0) 20 7908 6444
 
Investec Bank plc
Keith Anderson/Neil Coleman/Darren Vickers +44 (0) 20 7597 5970

Short Name: Next Fifteen Comm
Category Code: DSH
Sequence Number: 644738
Time of Receipt (offset from UTC): 20180411T095706+0100

Contacts

Next Fifteen Communications Plc

Contacts

Next Fifteen Communications Plc