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Johnson Service Grp. (JSG)

Johnson Service Grp.

Director/PDMR Shareholding
RNS Number : 8454E
Johnson Service Group PLC
03 March 2020
 

 

3 March 2020

AIM: JSG

Johnson Service Group PLC

PDMR Shareholding - Grant of Share Options

 

Johnson Service Group PLC (the "Company") announces that it has today granted nil cost options over ordinary shares of 10 pence each in the Company under the Johnson Service Group 2018 Long-Term Incentive Plan (the "LTIP Award").

In addition, linked awards were granted on the same date over ordinary shares of 10 pence each in the Company under the Johnson Service Group 2018 Long-Term Incentive Plan CSOP Section (the "Approved LTIP Award") at an exercise price of 197.0 pence each.

The number of options granted to each of the Executive Directors are as follows:



No. of Options Granted

Executive Director

Position

LTIP

Award

Approved LTIP Award

Peter Egan

CEO

266,497

15,228

Yvonne Monaghan

CFO

175,992

15,228

 

Performance Conditions and Vesting

The LTIP Award is subject to performance conditions linked to the Company's Earnings Per Share and Total Shareholder Return.  The performance conditions have been designed to ensure alignment between the incentivisation of the Executive Directors of the Company and the interests of its shareholders.  The LTIP Award will ordinarily vest three years from the date of grant and is exercisable up to ten years from the date of grant.

 

Linked Award

The Approved LTIP Award has been granted to allow, where possible, the participant to receive part of the gain which may have been received under the LTIP Award tax efficiently.  The participant will receive the same gross gain as they would have received had they only been granted the LTIP Award and not been granted the LTIP Award and the linked Approved LTIP Award.  At the time of exercise, to the extent that there is a gain on the Approved LTIP Award, the options granted under the LTIP Award will be forfeited to the same value.

 

Further Holding Period

The LTIP Award is subject to an additional holding period for two years from the date on which the LTIP Award vests (the "Holding Period").  During the Holding Period, the Award holder may not normally dispose of any of the shares which vest except to cover any income tax or social security contributions arising on the exercise of the LTIP Award.



 

Enquiries:


Johnson Service Group PLC

Peter Egan, CEO

Yvonne Monaghan, CFO

Tel:  01928 704 600




Investec Investment Banking (NOMAD)

David Flin

Carlton Nelson

Virginia Bull

Tel:  020 7597 4000

Camarco (Financial PR)

Ginny Pulbrook

Ben Woodford

Oliver Head

Tel:  020 3757 4992

 

 

 

About Johnson Service Group PLC

www.jsg.com

 

Headquartered in Preston Brook, Cheshire, JSG provides textile services across the UK.  The Group is the leading supplier of workwear and protective wear in the UK, clothing over 1.3 million people a week.  It also provides premium linen services for the hotel, catering and hospitality markets, and high-volume hotel linen services, processing over 600 million items a year.  With its core values of quality, reliability and service, the Group aims to provide customers with an outstanding level of customer care.

 



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

 

Peter Egan

2.

Reason for the Notification

a)

Position / Status

 

Chief Executive Officer / PDMR

b)

Initial Notification / Amendment

 

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Entity legal name

 

Johnson Service Group PLC

b)

Entity LEI

 

2138004WZUPWV53KWV11

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 securities

 

Identification code

 

Options over ordinary shares of 10 pence each

 

GB0004762810

b)

Nature of the transaction

 

Grant of options

c)

Individual transaction price(s) and volume(s)

 

Price

Volume

£nil

266,497

d)

Aggregated price and volume

 

Grant of 266,497 options over ordinary shares of 10 pence each at an exercise price of £nil

e)

Date of the transaction

 

3 March 2020

f)

Place of the transaction

 

Outside of a trading platform

 



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

 

Peter Egan

2.

Reason for the Notification

a)

Position / Status

 

Chief Executive Officer / PDMR

b)

Initial Notification / Amendment

 

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Entity legal name

 

Johnson Service Group PLC

b)

Entity LEI

 

2138004WZUPWV53KWV11

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 securities

 

Identification code

 

Options over ordinary shares of 10 pence each

 

GB0004762810

b)

Nature of the transaction

 

Grant of options

c)

Individual transaction price(s) and volume(s)

 

Price

Volume

197.0 pence

15,228

d)

Aggregated price and volume

 

Grant of 15,228 options over ordinary shares of 10 pence each at an exercise price of 197.0 pence

e)

Date of the transaction

 

3 March 2020

f)

Place of the transaction

 

Outside of a trading platform

 



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

 

Yvonne Monaghan

2.

Reason for the Notification

a)

Position / Status

 

Chief Financial Officer / PDMR

b)

Initial Notification / Amendment

 

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Entity legal name

 

Johnson Service Group PLC

b)

Entity LEI

 

2138004WZUPWV53KWV11

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 securities

 

Identification code

 

Options over ordinary shares of 10 pence each

 

GB0004762810

b)

Nature of the transaction

 

Grant of options

c)

Individual transaction price(s) and volume(s)

 

Price

Volume

£nil

175,992

d)

Aggregated price and volume

 

Grant of 175,992 options over ordinary shares of 10 pence each at an exercise price of £nil

e)

Date of the transaction

 

3 March 2020

f)

Place of the transaction

 

Outside of a trading platform

 



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

 

Yvonne Monaghan

2.

Reason for the Notification

a)

Position / Status

 

Chief Financial Officer / PDMR

b)

Initial Notification / Amendment

 

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Entity legal name

 

Johnson Service Group PLC

b)

Entity LEI

 

2138004WZUPWV53KWV11

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 securities

 

Identification code

 

Options over ordinary shares of 10 pence each

 

GB0004762810

b)

Nature of the transaction

 

Grant of options

c)

Individual transaction price(s) and volume(s)

 

Price

Volume

197.0 pence

15,228

d)

Aggregated price and volume

 

Grant of 15,228 options over ordinary shares of 10 pence each at an exercise price of 197.0 pence

e)

Date of the transaction

 

3 March 2020

f)

Place of the transaction

 

Outside of a trading platform

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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