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Press Release

Computacenter - Director/PDMR Shareholding

April 4, 2023 at 11:00 AM EDT
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RNS Number : 3676V
Computacenter PLC
04 April 2023
 

 

Computacenter plc

Incorporated in England

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

 

Computacenter plc

(the 'Company')

 

The following notifications are made under Article 19 of the Market Abuse Regulation ('MAR') relating to certain transactions in the shares of the Company by Directors of the Company, Persons Discharging Managerial Responsibilities ('PDMR') of the Company and Persons Closely Associated ('PCA') with the Directors and PDMRs.

 

Vesting of Awards, Exercise of Options and Subsequent Sale of Shares

 

Computacenter Performance Share Plan 2005

The Company announces that on 31 March 2023, in accordance with the rules of the PSP, the nil-cost option awards over Ordinary Shares, which were granted on 23 March 2020, vested for the following Directors. Vesting of the PSP Awards was subject to the achievement of performance conditions over a three year period.

DIRECTOR

Number of options awarded

% Award

Vested1

Number of options vested

Number of options lapsed

Number of options exercised

Number of options held







Mr F A Conophy (Director)

62,915

100.00%

 

62,915

 

 

-

-

 

62,915








Mr M J Norris (Director)

110,977

100.00%

110,977

 

-

-

 

110,977







1 Awards granted under the PSP Plan vest subject to the satisfaction of performance conditions at the end of a three year period.  The level of vesting for PSP Awards granted in 2020 was 100% for the PSP Enhanced Plan. The PSP Awards vested are subject to a two year holding period before they are released to the Directors.

Computacenter 2017 Deferred Bonus Plan

The Company announces that on 31 March 2023, the following conditional awards over Ordinary Shares vested for the Directors below. This followed, in accordance with the rules of the Computacenter 2017 Deferred Bonus Plan, the Company vesting tranches of the related conditional 2020 Bonus Awards and 2021 Bonus Awards, which were granted on 21 March 2021 and 21 March 2022 respectively, over Ordinary Shares.  Vesting of these tranches of the 2020 Bonus Awards was subject to the completion of a two-year holding period. Vesting of these tranches of the 2021 Bonus Awards was subject to the completion of a one-year holding period. The remainder of the 2021 Bonus Awards will vest at the completion of a second year of holding. Further, certain of the Ordinary Shares, resulting from the vesting of the award, were sold for 2105 pence each.

 

DIRECTOR

Number of shares vested2

Number of shares sold

Number of shares retained

Mr F A Conophy (Director)

8,056

-

8,056

Mr M J Norris (Director)

15,478

15,478

-

2 On 31 March 2023, the Directors listed above became entitled to ordinary shares of 75/9 pence each in the capital of the Company, as a result of Awards vesting under the DBP.  Awards granted under the DBP Plan vest in two tranches with one-half of the deferred shares from the Bonus Awards vesting after one year and the remaining deferred shares from the Bonus Awards vesting after two years. The shares vesting above relate to the second tranche of the 2020 Bonus Award made on 21 March 2021 and the first tranche of the 2021 Bonus Award made on 21 March 2022. The shares were released to the Directors on 31 March 2023 when the transactions noted above took place. The vesting amount included 330 and 640 shares, for Mr Conophy and Mr Norris respectively, awarded as dividend equivalent shares equal in value to dividends that would have been paid on the shares in respect of which the award vests in respect of dividend record dates during the period between the grant date and the vesting date.

 

The relevant FCA notifications are set out below.

 

PDMR/PCA FCA Transaction Notification

 

 

1.

 

 

Details of Director/Person Discharging Managerial Responsibilities

 

 

 

 

Name

 

Francis Anthony Conophy

 

2.

 

Reason for the notification

 

 

2(a)

 

 

Position/Status

 

Group Finance Director

 

2(b)

 

 

Initial Notification/

Amendment

 

 

Initial Notification

 

3.

 

 

Details of the issuer

 

 

3(a)

 

 

Name

 

Computacenter plc

 

3(b)

 

 

LEI

 

549300XSXUZ1I19DB105

 

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 transaction(s) have been conducted

 

 

4(a)

 

 

Description of the financial instrument

 

 

Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares')

 

ISIN: GB00BV9FP302

 

 

4(b)

 

 

Nature of Transaction

 

 

Ordinary Shares acquired following the vesting of a conditional award, made on 21 March 2021, under the Computacenter 2017 Deferred Bonus Plan (the '2020 Bonus Award'). There is no price payable on the grant or exercise of the 2020 Bonus Award. Vesting of this tranche of the 2020 Bonus Award was subject to the completion of a two year holding period.

 

 

4(c)

 

 

Price(s) and Volume(s)

 

 

Price(s) (in GBP)

 

 

Volume(s)

 

nil

 

3,933

 

4(d)

 

 

Aggregated Information

 

Aggregated Volume and Price

 

 

 

 

nil

 

 

 

3,933

 

4(e)

 

 

Date of the transaction

 

 

31-03-2023

 

 

4(f)

 

 

Place of the transaction

 

 

Outside of a trading venue.  The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust.

 

 

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 transaction(s) have been conducted

 

 

4(a)

 

 

Description of the financial instrument

 

 

Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares')

 

ISIN: GB00BV9FP302

 

 

4(b)

 

 

Nature of Transaction

 

 

Ordinary Shares acquired following the vesting of a conditional award, made on 21 March 2022, under the Computacenter 2017 Deferred Bonus Plan (the '2021 Bonus Award'). There is no price payable on the grant or exercise of the 2021 Bonus Award. Vesting of this tranche of the 2021 Bonus Award was subject to the completion of a one year holding period. The remainder of the 2021 Bonus Award will vest at the completion of a second year of holding.

 

 

4(c)

 

 

Price(s) and Volume(s)

 

 

Price(s) (in GBP)

 

 

Volume(s)

 

nil

 

3,793

 

4(d)

 

 

Aggregated Information

 

Aggregated Volume and Price

 

 

 

 

nil

 

 

 

3,793

 

4(e)

 

 

Date of the transaction

 

 

31-03-2023

 

 

4(f)

 

 

Place of the transaction

 

 

Outside of a trading venue.  The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust.

 

 

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 transaction(s) have been conducted

 

 

4(a)

 

 

Description of the financial instrument

 

 

Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares')

 

ISIN: GB00BV9FP302

 

 

4(b)

 

 

Nature of Transaction

 

 

Ordinary Shares acquired as dividend equivalents related to the grant and   vesting of conditional awards, made on 21 March 2021 and 21 March 2022, under the Computacenter 2017 Deferred Bonus Plan (the 'Bonus Award Dividend Equivalents'). There is no price payable on the acquisition of the Bonus Award Dividend Equivalents.

 

 

4(c)

 

 

Price(s) and Volume(s)

 

 

Price(s) (in GBP)

 

 

Volume(s)

 

nil

 

330

 

4(d)

 

 

Aggregated Information

 

Aggregated Volume and Price

 

 

 

 

nil

 

 

 

330

 

4(e)

 

 

Date of the transaction

 

 

31-03-2023

 

 

4(f)

 

 

Place of the transaction

 

 

Outside of a trading venue.  The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust.

 

 

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 transaction(s) have been conducted

 

 

4(a)

 

 

Description of the financial instrument

 

 

Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares')

 

ISIN: GB00BV9FP302

 

 

4(b)

 

 

Nature of Transaction

 

 

Ordinary Shares acquired following exercise of nil-cost options awarded under the Computacenter Performance Share Plan 2005 (the 'PSP Awards'). There was no price payable on the grant or exercise of the PSP Awards.  Vesting of the PSP Awards were subject to the achievement of performance conditions over a three year period.

 

 

4(c)

 

 

Price(s) and Volume(s)

 

 

Price(s) (in GBP)

 

 

Volume(s)

 

nil

 

100,477

 

4(d)

 

 

Aggregated Information

 

Aggregated Volume and Price

 

 

 

 

nil

 

 

 

100,477

 

4(e)

 

 

Date of the transaction

 

 

31-03-2023

 

 

4(f)

 

 

Place of the transaction

 

 

Outside of a trading venue. The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust.

 

 

 

 

1.

 

 

Details of Director/Person Discharging Managerial Responsibilities

 

 

 

 

Name

 

Michael John Norris

 

2.

 

Reason for the notification

 

 

2(a)

 

 

Position/Status

 

Chief Executive Officer

 

2(b)

 

 

Initial Notification/

Amendment

 

 

Initial Notification

 

3.

 

 

Details of the issuer

 

 

3(a)

 

 

Name

 

Computacenter plc

 

3(b)

 

 

LEI

 

549300XSXUZ1I19DB105

 

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 transaction(s) have been conducted

 

 

4(a)

 

 

Description of the financial instrument

 

 

Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares')

 

ISIN: GB00BV9FP302

 

 

4(b)

 

 

Nature of Transaction

 

 

Ordinary Shares acquired following the vesting of a conditional award, made on 21 March 2021, under the Computacenter 2017 Deferred Bonus Plan (the '2020 Bonus Award'). There is no price payable on the grant or exercise of the 2020 Bonus Award. Vesting of this tranche of the 2020 Bonus Award was subject to the completion of a two year holding period.

 

 

4(c)

 

 

Price(s) and Volume(s)

 

 

Price(s) (in GBP)

 

 

Volume(s)

 

nil

 

7,752

 

4(d)

 

 

Aggregated Information

 

Aggregated Volume and Price

 

 

 

 

nil

 

 

 

7,752

 

4(e)

 

 

Date of the transaction

 

 

31-03-2023

 

 

4(f)

 

 

Place of the transaction

 

 

Outside of a trading venue.  The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust.

 

 

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 transaction(s) have been conducted

 

 

4(a)

 

 

Description of the financial instrument

 

 

Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares')

 

ISIN: GB00BV9FP302

 

 

4(b)

 

 

Nature of Transaction

 

 

Ordinary Shares acquired following the vesting of a conditional award, made on 21 March 2022, under the Computacenter 2017 Deferred Bonus Plan (the '2021 Bonus Award'). There is no price payable on the grant or exercise of the 2021 Bonus Award. Vesting of this tranche of the 2021 Bonus Award was subject to the completion of a one year holding period. The remainder of the 2021 Bonus Award will vest at the completion of a second year of holding.

 

 

4(c)

 

 

Price(s) and Volume(s)

 

 

Price(s) (in GBP)

 

 

Volume(s)

 

nil

 

7,086

 

4(d)

 

 

Aggregated Information

 

Aggregated Volume and Price

 

 

 

 

nil

 

 

 

7,086

 

4(e)

 

 

Date of the transaction

 

 

31-03-2023

 

 

4(f)

 

 

Place of the transaction

 

 

Outside of a trading venue. The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust.

 

 

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 transaction(s) have been conducted

 

 

4(a)

 

 

Description of the financial instrument

 

 

Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares')

 

ISIN: GB00BV9FP302

 

 

4(b)

 

 

Nature of Transaction

 

 

Ordinary Shares acquired as dividend equivalents related to the grant and   vesting of conditional awards, made on 21 March 2021 and 21 March 2022, under the Computacenter 2017 Deferred Bonus Plan (the 'Bonus Award Dividend Equivalents'). There is no price payable on the acquisition of the Bonus Award Dividend Equivalents.

 

 

4(c)

 

 

Price(s) and Volume(s)

 

 

Price(s) (in GBP)

 

 

Volume(s)

 

nil

 

640

 

4(d)

 

 

Aggregated Information

 

Aggregated Volume and Price

 

 

 

 

nil

 

 

 

640

 

4(e)

 

 

Date of the transaction

 

 

31-03-2023

 

 

4(f)

 

 

Place of the transaction

 

 

Outside of a trading venue.  The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust.

 

 

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 transaction(s) have been conducted

 

 

4(a)

 

 

Description of the financial instrument

 

 

Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares')

 

ISIN: GB00BV9FP302

 

 

4(b)

 

 

Nature of Transaction

 

 

Sale of Ordinary Shares. Sold all 15,478 Shares from the conditional awards vested, and dividend equivalent shares acquired, under the Computacenter 2017 Deferred Bonus Plan.

 

 

4(c)

 

 

Price(s) and Volume(s)

 

 

Price(s) (in GBP)

 

 

Volume(s)

 

21.05

 

15,478

 

4(d)

 

 

Aggregated Information

 

Aggregated Volume and Price

 

 

 

 

21.05

 

 

 

15,478

 

4(e)

 

 

Date of the transaction

 

 

31-03-2023

 

 

4(f)

 

 

Place of the transaction

 

 

XLON

 

 

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 transaction(s) have been conducted

 

 

4(a)

 

 

Description of the financial instrument

 

 

Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares')

 

ISIN: GB00BV9FP302

 

 

4(b)

 

 

Nature of Transaction

 

 

Ordinary Shares acquired following exercise of a nil-cost option awarded under the Computacenter Performance Share Plan 2005 (the 'PSP Award'). There was no price payable on the grant or exercise of the PSP Award.  Vesting of the PSP Award was subject to the achievement of a performance condition over a three year period and released after a two year holding period.

 

 

 

4(c)

 

 

Price(s) and Volume(s)

 

 

Price(s) (in GBP)

 

 

Volume(s)

 

nil

 

62,147

 

4(d)

 

 

Aggregated Information

 

Aggregated Volume and Price

 

 

 

 

nil

 

 

 

62,147

 

4(e)

 

 

Date of the transaction

 

 

31-03-2023

 

 

 

4(f)

 

 

Place of the transaction

 

 

Outside of a trading venue. The Ordinary Shares for the above-mentioned exercise were satisfied out of those held by the 2011 Computacenter Employee Benefit Trust.

 

 

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 transaction(s) have been conducted

 

 

4(a)

 

 

Description of the financial instrument

 

 

Ordinary shares of 7 5/9 pence in Computacenter plc ('Ordinary Shares')

 

ISIN: GB00BV9FP302

 

 

4(b)

 

 

Nature of Transaction

 

 

Sale of Ordinary Shares. Sold all 62,147 Shares from the conditional award vested under the Computacenter Performance Share Plan 2005.

 

 

4(c)

 

 

Price(s) and Volume(s)

 

 

Price(s) (in GBP)

 

 

Volume(s)

 

21.3179

 

62,147

 

4(d)

 

 

Aggregated Information

 

Aggregated Volume and Price

 

 

 

 

21.3179

 

 

 

62,147

 

4(e)

 

 

Date of the transaction

 

 

31-03-2023

 

 

4(f)

 

 

Place of the transaction

 

 

XLON

 

 

 

 

 

Enquiries:

 

Name:

Simon Pereira

Company Secretary



Address:

Computacenter plc

Hatfield Avenue

Hatfield

Hertfordshire

AL10 9TW

Telephone:

+44 (0) 7385 514 715

 

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