ESUR.L

esure Group Plc
esure Group plc - Director/PDMR Shareholding
18th December 2018, 12:24
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RNS Number : 8522K
esure Group plc
18 December 2018
 

 

18 December 2018

 

esure Group plc

 

Notification of Transactions of Directors, Person Discharging Managerial Responsibilities ("PDMRs")

The information contained in this notification is disclosed in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

 

Court sanction of Scheme of Arrangement

esure Group plc (the "Company") announces that, on 17 December 2018, pursuant to the Court sanctioning the Scheme of Arrangement by which the Company's entire issued share capital will be acquired by Blue (BC) Bidco Limited, a wholly-owned subsidiary of funds advised by Bain Capital Private Equity, LP and its affiliates, the following PDMR has exercised share awards granted under the esure Group plc 2016 Strategic Leadership Plan ("SLP"), the esure Group plc 2016 Deferred Bonus Plan ("DBP"), the esure Group plc 2016 Restructuring Award Plan ("RAP") and share options under the esure Sharesave Plan 2013 ("SAYE").

 

1.

Details of PDMR / person closely associated with them ("PCA")

a)

Name

Darren Ogden

2.

Reason for the notification

a)

Position / status

Interim Chief Executive Officer

b)

Initial notification / amendment

Initial notification

3.

Details of the Issuer

a)

Name

esure Group plc

b)

LEI

213800KOI3F5LM54PT80

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

esure Group plc ordinary shares of 1/12 pence.

ISIN: GB00B8KJH563

Acquisition of:

(i)    297,656 share awards following the vesting of an award granted under the SLP in June 2016 (grant date 14 June 2016);

(ii)   201,517 share awards following the vesting of an award granted under the SLP in March 2017 (grant date 20 March 2017);

(iii)  61,971 share awards following the vesting of an award granted under the SLP in March 2018 (grant date 20 March 2018);

(iv)  33,095 share awards following the vesting of an award granted under the DBP in March 2017 (grant date 20 March 2017);

(v)   37,721 share awards following the vesting of an award granted under the DBP in March 2018 (grant date 20 March 2018);

(vi)  518,349 share awards following the vesting of an award granted under the RAP in November 2016 (grant date 10 November 2016); and

(vii) 7,200 ordinary shares awards following exercise of options granted under the SAYE in December 2016 (grant date 29 December 2016).

b)

Nature of the transaction

Acquisition of ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil consideration

1,157,509

d)

Aggregated information

-     Aggregated volume

-     Price

 

N/a

e)

Date of the transaction

17 December 2018

f)

Place of the transaction

London Stock Exchange, XLON

 

Enquiries:

Alice Rivers, Company Secretary

Tel: 01737 235504

 

18 December 2018

 

esure Group plc is listed on the London Stock Exchange (ESUR)

Registered Office: The Observatory, Reigate, Surrey RH2 0SG

Registered in England and Wales with registered number: 7064312

LEI: 213800KOI3F5LM54PT80

ISIN: GB00B8KJH563

 

 


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