Business
Notification of Transactions of Directors
Notification of Transactions of Directors.
About this update from Workspace Group Plc
[{"type":"text","content":"\n \nRNS Number : 1172C Workspace Group PLC 23 June 2016 \n\nWorkspace Group PLC\n \nNotification of Transactions of Directors/PDMRs\n \n \nWorkspace Group PLC ('the Company') announces that on 23 June 2016 awards over the Company's ordinary shares of £1.00 each ('Shares') were granted to the following Executive Directors and Persons Discharging Managerial Responsibility (PDMRs) of the Company. Awards were granted under the Company's Long Term Equity Incentive Plan (the 'Plan') that was approved by the Company's shareholders on 23 April 2008.\n \n1. Performance Share Awards\n \nPerformance Share Awards were granted for nil consideration to the following Executive Directors and PDMRs:\n\n\n\n\nDirector/PDMR\n\n\nPerformance Share Award\n\n\n\n\n\n\n\n\n\n\n\n\nJamie Hopkins, Chief Executive Officer\n\n\n56,510\n\n\n\n\nGraham Clemett, Chief Financial Officer\n\n\n34,534\n\n\n\n\nAngus Boag, Development Director (PDMR)\n\n\n31,092\n\n\n\n\nChris Pieroni, Operations Director (PDMR)\n\n\n31,092\n\n\n\n\n \nThe Performance Share Awards were granted for nil consideration and were based on a share price of £8.28166 per Share, being the average middle market closing price of such Shares over the three dealing days on 20th, 21st and 22nd June 2016.\n \nThe vesting of Performance Share Awards is conditional on continued employment, (subject to good leaver exceptions) and the satisfaction of performance conditions over a three year performance period.\n \n2. Invested Shares and Matching Share Awards\n \nThe following individuals were invited to commit shares worth up to 50% of their net annual salary (excluding bonuses and benefits in kind) ('the Invested Amount') as invested shares. An additional award of free shares was then granted to these individuals ('the Matching Share Award'). The number of shares comprised in a Matching Share Award is calculated as the number of shares as may be purchased in the market on the date of grant of the Matching Share Award using a sum calculated by reference to the Invested Amount. The sum is calculated by grossing up the Invested Amount (in effect treating the Invested Amount as the amount net of income tax and employees' national insurance) and then multiplying this grossed up sum by two.\n \nMatching Share Awards have been gran...