Director/PDMR Shareholding
19 March 2024
Capita plc (“the Company”)
Notification and public disclosure of transactions by Director/Person Discharging Managerial Responsibilities ("PDMR")
As announced on 9 November 2023, Adolfo Hernandez was appointed as Group Chief Executive Officer with effect from 17 January 2024.
On 19 March 2024, the following award was granted over the Company's Ordinary 2 1/15p shares ("Ordinary Shares") to Adolfo Hernandez (“the Buy-Out Award”). The Buy-Out Award is granted pursuant to UK Listing Rule 9.4.2(2). The Buy-Out Award may not be settled with new issue or treasury shares.
The Buy-Out Award is capable of vesting in five independent tranches as set out below:
|
Name |
Status |
Number of Ordinary Shares under Buy-out Award |
Vesting date |
|
Adolfo Hernandez |
Chief Executive Officer |
2,509,709 |
15 July 2024 |
|
2,497,467 |
15 January 2025 |
||
|
1,897,585 |
15 July 2025 |
||
|
1,885,343 |
15 January 2026 |
||
|
3,256,501 |
15 July 2026 |
No consideration was paid for the grant of the Buy-Out Award which is structured as a conditional award comprising the respective tranches.
Notes:
The Buy-Out Award has been made to compensate Adolfo Hernandez for the forfeiture of incentive arrangements held with his previous employer, Amazon Web Services.
The number of Ordinary Shares under the Buy-Out Award has been calculated using an Ordinary Share price of 19.81 pence per Ordinary Share being the average of the closing Ordinary Share prices over the five Dealing Days preceding 17 January 2024.
Tranches shall ordinarily be forfeit in the event of cessation of employment prior to the relevant vesting dates.
Notification and public disclosure of transactions by director/persons discharging managerial responsibilities and persons closely associated with them
The information set out below is provided in accordance with the requirements of the UK Market Abuse Regulation
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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|
a) |
Name |
Adolfo Hernandez |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
Chief Executive Officer
|
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|
b) |
Initial notification /Amendment |
Initial notification |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Capita plc |
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|
b) |
LEI |
CMIGEWPLHL4M7ZV0IZ88 |
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|
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 |
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|
a) |
Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of 2 1/15p each
GB00B23K0M20 |
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|
b) |
Nature of the transaction |
Grant of a conditional share award (Buy-out share award) over Capita ordinary shares to compensate Adolfo Hernandez for the forfeiture of incentive arrangements held with his previous employer.
|
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|
c) |
Price(s) and volume(s) |
|
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|
d) |
Aggregated information - Aggregated volume - Price |
12,046,605 £Nil |
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|
e) |
Date of the transaction |
19 March 2024 |
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|
f) |
Place of the transaction |
Outside of a trading venue |
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For more information, please contact:
Investor enquiries
Helen Parris, Director of Investor Relations
Tel: 07720 169 269
Email: IRteam@capita.co.uk
Stephanie Little
Deputy Head of Investor Relations
Tel: 07541 622838
Email: IRteam@capita.co.uk
Media enquiries
Capita external communications
Tel: 0207 654 2399
Email: media@capita.co.uk
Notes to editors:
Every day our 43,000 colleagues help millions of people, by delivering innovative, digitally enabled solutions to transform and simplify the connections between government and citizens, businesses and customers. We partner with our clients and provide the insight and technologies that give time back, allowing them to focus on what they do best and making people’s lives easier and simpler. We operate across two divisions – Capita Public Service and Capita Experience – in the UK, Europe, India and South Africa. Capita is quoted on the London Stock Exchange (CPI.L). Further information can be found at: http://www.capita.com