On October 12, 2023, Richard Hughes, CEO International of Brooks Macdonald Group plc, exercised awards over ordinary shares in the company granted under the 2018 Long Term Incentive Plan (LTIP) as exceptional awards and deferred bonus share awards in 2020, 2021, and 2022. All resulting shares were retained by Hughes. The table provided in the news release shows the number of share awards exercised, shares sold, and shares retained for each scheme. In total, Hughes exercised 4,007 share awards and retained all of them.
Additionally, on the same day, Robin Eggar, Managing Director and Head of UK Investment Management, received shares granted under the LTIP as Long Term Incentive Plan awards. Following the vesting of these awards, a proportion of the shares were sold to meet income tax and National Insurance liabilities. The table in the news release provides details of the number of share awards vesting, shares sold, and shares retained by Eggar. In total, Eggar received 1,675 share awards, sold 789 shares, and retained 886 shares.
To satisfy the exercise of the awards, 5,682 shares were transferred from the Brooks Macdonald Employee Benefit Trust (EBT). Following this transfer, the EBT now holds 521,237 shares, representing 3.17% of the company's total voting rights.
The news release also includes notifications made in accordance with the requirements of the UK Market Abuse Regulation, providing further detail on the transactions.
Overall, the news release provides information on the share transactions of Richard Hughes and Robin Eggar, including the number of shares exercised, sold, and retained, as well as the source of shares to satisfy the exercise of the awards.