Business
Award of Share Options / PDMR Notification
Award of Share Options / PDMR Notification.
About this update from Frp Advisory Group Plc
[{"type":"text","content":"\n\n15 August 2023\nFRP Advisory Group plc\n(\"FRP\", \"the Company\" or the \"Group\")\n \nAward of Share Options / PDMR Notification \n \nFRP Advisory Group plc, a leading national specialist business advisory firm, announces that on 15 August 2023, the Company granted Gavin Jones, the Company's Chief Financial Officer, 236,345 nil-cost options over ordinary shares of £0.001 each in the Company (\"Ordinary Shares\") under the Company's Employee Incentive Plan (EIP) (the \"Award\"). The Award has a value set at 125% of Mr Jones' salary.\n \n80% of this Award (being 100% of salary) is subject to meeting two, three-year performance conditions set by the Remuneration Committee. 50% of this portion of the Award will be subject to a compound annual adjusted EPS growth performance target, using FY 30 April 2023 adjusted EPS of 7.8p as a baseline. The other 50% of this portion of the Award will be subject to a total shareholder return performance condition, using 108.5p as the baseline (being the closing mid-market price of the Ordinary Shares on 30 April 2023).\n \n20% of the Award (25% of salary) is granted without performance conditions.\n \nThe Award will normally vest, subject to the meeting of performance conditions as applicable, during or shortly after 30 July 2026. The Award lapses on the tenth anniversary from the date of grant.\n \n \nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:\n \n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n\n\n\n\na.\n\n\nName of PDMR\n\n\nGavin Jones\n\n\n\n\n2\n\n\nReason for notification\n \n\n\n\n\na.\n\n\nPosition/Status\n\n\nChief Financial Officer\n\n\n\n\nb.\n\n\nInitial notification/\nAmendment\n\n\nInitial Notification\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na.\n\n\nName\n\n\nFRP Advisory Group plc\n\n\n\n\nb.\n\n\nLEI\n\n\n213800IPCG6DE1CVLY36\n\n\n\n\n4\n\n\nDetails 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\n\n\n\n\na.\n\n\nDescription of th...