FDM Group (Holdings) PLC, a global professional services provider with a focus on Information Technology, announced that several of its directors, including Roderick Flavell (CEO), Sheila Flavell (COO), Michael McLaren (CFO), Jonathan Young (CIO), and Mark Heather (Group Governance Director and Company Secretary), acquired ordinary shares in the company from FDM's Employee Benefit Trust. The shares were acquired pursuant to the FDM Buy-As-You-Earn Plan. The directors will be entitled to acquire Matching Shares in respect of these purchases, subject to their retention of the purchased shares and continued employment.
Roderick Flavell, Sheila Flavell, Michael McLaren, Jonathan Young, and Mark Heather acquired 246, 246, 123, 24, and 185 ordinary shares respectively, at a price of £4.05 per share. The transaction took place outside a trading venue on 12 June 2024.
This announcement provides details of the persons discharging managerial responsibilities, the reason for the notification, details of the issuer, and specifics of the transaction. The ordinary shares were acquired under the ISIN code GB00BLWDVP51. The aggregated information for the transaction includes the volume and price as mentioned above.
This move indicates the confidence of the directors in the company's performance and future prospects, as they have chosen to invest in the company through the Buy-As-You-Earn Plan.