FDM Group (Holdings) PLC, a global professional services provider in Information Technology, announced that on 28 May 2024, three Directors/PDMRs acquired ordinary shares of £0.01 each in the capital of the Company. The shares represent an award of "Matching Shares" which the individuals were entitled to receive at no cost under FDM's all employee "Buy-As-You-Earn Plan" and were transferred to them from FDM's Employee Benefit Trust. The award of the shares follows their vesting in accordance with the Plan, with the number of shares representing 33.3% of the number of shares purchased by each of the PDMRs using their respective monthly contributions made to the Plan in the 2022 calendar year.
The award of Matching Shares was settled net, after deduction of the tax payable by the individuals on the award. If the Purchased Shares continue to be retained in the Plan for the required period, each individual named will be entitled to receive further awards of "Matching Shares" in 2026 and 2028.
The three individuals who acquired shares are Michael McLaren, Chief Financial Officer, who acquired 71 shares; Jonathan Young, Chief Information Officer, who acquired 54 shares; and Mark Heather, Group Governance Director & Company Secretary, who acquired 205 shares.
The notification provides further details about the transactions, including the nature of the transaction, the price, volume, and date of the transaction. The transactions took place outside a trading venue.
This announcement provides transparency regarding the acquisition of shares by the Directors/PDMRs and the details of the awards under the Company's Buy-As-You-Earn Plan.