Moonpig
Group plc
NOTIFICATION
OF TRANSACTIONS OF
PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES
4 July 2024
Moonpig
Group plc was notified by Andy
MacKinnon, a Director, of the following transactions on
4 July 2024.
Pre-IPO
legacy awards
The
performance period for the legacy pre-IPO awards ended on
30 April 2023, with vesting subject
to revenue (50% weighting) and Adjusted EBITDA (50% weighting). For
both of these financial performance conditions, the maximum target
was met. The awards were payable half in cash and half in shares
(based on the share price at Admission) in two tranches.
The first
tranche vested on 30 April 2023 and
both the cash and share elements were paid in July 2023. The
income tax and national insurance contributions due on the share
element of the award were deducted from the net cash element of the
award.
The second
tranche of the cash award was paid in May
2024 and the second tranche of the share award vested on
4 July 2024.
The final
tranche of 198,215 shares were allotted to the Director on
4 July 2024, and 93,489 shares were
sold to cover the income tax and National Insurance liability at a
price of £1.824816
per share.
Income tax
and National Insurance contributions have been deducted from both
the cash and share elements of the award.
LTIP
award
The
performance period for the LTIP awards that were granted at IPO in
2021 ended on 30 April
2024.
The TSR
target was not met, however the threshold target of 14.5p per share
for the Adjusted pre-tax EPS condition was met and therefore 12.5%
of the awards have vested. As a result 20,089 shares were allotted
to the Director on 4 July 2024 for
nil consideration. The Director immediately sold 9,490 shares at a
price of £1.824816
per share
to cover income tax and NI liabilities and dealing costs. The
balance of shares not sold to cover income tax, NI and dealing
costs are subject to a two-year post-vesting holding
period.
Following
the transactions Andy MacKinnon
holds 1,000,374 shares in Moonpig Group plc, representing 454% of
his salary.
The
shareholding requirement for a Director is 300% of
salary.
The
relevant notifications set out below is provided in accordance with
the requirements of Article 19 of the EU Market Abuse
Regulation.
Moonpig
Group plc
NOTIFICATION
OF TRANSACTIONS OF
PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES
1
|
Details
of the person discharging managerial responsibilities / person
closely associated
|
a)
|
Name
|
Andy
MacKinnon
|
2
|
Reason
for the notification
|
a)
|
Position/status
|
Executive
Director/PDMR
|
b)
|
Initial
notification /Amendment
|
Initial
notification
|
3
|
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
|
a)
|
Name
|
Moonpig
Group plc
|
b)
|
LEI
|
213800VAYO5KCAXZHK83
|
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, type of instrument
|
Ordinary
Shares of £0.10 each
|
|
|
Identification
code
|
ISIN:
GB00BMT9K014
|
|
|
b)
|
Nature of
the transaction
|
(1)
Allotment
of new issue shares to satisfy final tranche of pre-IPO legacy
share award
(2)
Sale of
shares awarded under final tranche of pre-IPO legacy share
award
(3)
Allotment
of new shares under LTIP award
(4)
Sale of
sufficient shares to cover income tax and national insurance due on
shares vesting under LTIP award
|
c)
|
Price(s)
and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
Nil cost
awards
|
198,215
|
|
|
|
£1.824816
per
share
|
93,489
|
|
|
|
|
Nil cost
awards
|
20,089
|
|
|
|
|
£1.824816
per
share
|
9,490
|
|
d)
|
Aggregated
information
|
N/A
|
|
|
-
Aggregated volume
|
N/A
|
-
Price
|
N/A
|
|
|
e)
|
Date of
the transaction
|
4 July
2024
|
f)
|
Place of
the transaction
|
(1)
and (3)
Outside of a trading venue
(2)
and (4)
XLON
|
Jayne Powell
Company
Secretary
company-secretary@moonpig.com