Arrow Global Group PLC Director/PDMR Shareholding

May 11th 2018
Arrow Global Group PLC Director/PDMR Shareholding

TIDMARW

RNS Number : 7367N

Arrow Global Group PLC

11 May 2018

11 May 2018

Arrow Global Group PLC (the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Grant of Restricted Share Award

Arrow Global Group PLC announces that on 10 May 2018, it granted a restricted share award to the following person discharging managerial responsibility:

PERSON DISCHARGING        NUMBER OF SHARES UNDER 
  MANAGERIAL RESPONSIBILITY     RESTRICTED SHARE AWARD 
        Zachary Lewy                   189,702 
                              ------------------------

No payment is required for the Shares which vest on 10 May 2020, subject to continued employment.

Vesting of Restricted Share Award

The restricted share award of 272,638 Shares, granted to Zachary Lewy on 19 May 2016, vested on 10 May 2018.

128,397 of these Shares were sold on 10 May 2018 to satisfy only the actual tax liability arising as a result of the vesting, at an average price of GBP3.55 per Share. Mr Lewy therefore retains the balance of 144,241 Shares.

Interests of Directors, Persons Discharging Managerial Responsibility or Persons Closely Associated

As a result of the above transactions, Mr Lewy is interested in the following ordinary shares in the Company:

Name of Director/PDMR    Aggregate Shares held Beneficially (across all accounts     % of the Company's Share Capital 
                          following notifications) (a) (b) (c) 
                          (d) 
 Zachary Lewy             2,715,642                                                   1.55% 
                         ----------------------------------------------------------  ---------------------------------

Notes

(a)                  Includes shares held under the Company's Share Incentive Plan. 
   (b)                  Includes awards under the Deferred Share Bonus Plan 
   (c)                   Includes restricted share awards. 
   (d)                  Includes shares held by Persons Closely Associated.

The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

1   Details of the person discharging managerial responsibilities/person 
     closely associated 
a)  Name                                               Zachary Lewy 
    -------------------------------------------------  -------------------------- 
2   Reason for the notification 
    ----------------------------------------------------------------------------- 
a)  Position/status                                    Founder and Group 
                                                        Chief Investment 
                                                        Officer 
    -------------------------------------------------  -------------------------- 
b)  Initial notification/ Amendment                    Initial notification 
    -------------------------------------------------  -------------------------- 
3   Details of the issuer, emission allowance market participant, auction 
     platform, auctioneer or auction monitor 
    ----------------------------------------------------------------------------- 
a)  Name                                               Arrow Global Group 
                                                        Plc 
    -------------------------------------------------  -------------------------- 
b)  LEI                                                213800CUJ6YMLEO33C88 
    -------------------------------------------------  -------------------------- 
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 
    ----------------------------------------------------------------------------- 
a)  Description of the financial instrument, type of   Ordinary shares 
     instrument Identification code                     of 1p each 
                                                        ISIN: GB00BDGTXM47 
    -------------------------------------------------  -------------------------- 
b)  Nature of the transaction                          Release of shares 
                                                        pursuant to the 
                                                        vesting on 10 
                                                        May 2018 of a 
                                                        restricted share 
                                                        award granted 
                                                        on 19 May 2016 
    -------------------------------------------------  -------------------------- 
c)  Price(s) and volume(s)                             Price(s)         Volume(s) 
                                                        N/A -            272,638 
                                                         no price 
                                                         was payable 
                                                         for the 
                                                         release 
                                                         of the 
                                                         shares 
    -------------------------------------------------  ---------------  --------- 
d)  Aggregated information                             N/A 
     - Aggregated volume 
     - Price 
    -------------------------------------------------  -------------------------- 
e)  Date of the transaction                            10 May 2018 
    -------------------------------------------------  -------------------------- 
f)  Place of the transaction                           Outside a trading 
                                                        venue 
    -------------------------------------------------  -------------------------- 
1   Details of the person discharging managerial responsibilities/person 
     closely associated 
    ----------------------------------------------------------------------------- 
a)  Name                                               Zachary Lewy 
    -------------------------------------------------  -------------------------- 
2   Reason for the notification 
    ----------------------------------------------------------------------------- 
a)  Position/status                                    Founder and Group 
                                                        Chief Investment 
                                                        Officer 
    -------------------------------------------------  -------------------------- 
b)  Initial notification/ Amendment                    Initial notification 
    -------------------------------------------------  -------------------------- 
3   Details of the issuer, emission allowance market participant, auction 
     platform, auctioneer or auction monitor 
    ----------------------------------------------------------------------------- 
a)  Name                                               Arrow Global Group 
                                                        Plc 
    -------------------------------------------------  -------------------------- 
b)  LEI                                                213800CUJ6YMLEO33C88 
    -------------------------------------------------  -------------------------- 
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 
    ----------------------------------------------------------------------------- 
a)  Description of the financial instrument, type of   Ordinary shares 
     instrument Identification code                     of 1p each 
                                                        ISIN: GB00BDGTXM47 
    -------------------------------------------------  -------------------------- 
b)  Nature of the transaction                          Sale of shares 
                                                        to satisfy the 
                                                        tax liability 
                                                        arising as result 
                                                        of the vesting 
                                                        on 10 May 2018 
                                                        of a restricted 
                                                        share award granted 
                                                        on 19 May 2016 
    -------------------------------------------------  -------------------------- 
c)  Price(s) and volume(s)                             Price(s)       Volume(s) 
                                                        GBP3.55        128,397 
    -------------------------------------------------  -------------  ----------- 
d)  Aggregated information                             N/A 
     - Aggregated volume 
     - Price 
    -------------------------------------------------  -------------------------- 
e)  Date of the transaction                            10 May 2018 
    -------------------------------------------------  -------------------------- 
f)  Place of the transaction                           London Stock Exchange 
    -------------------------------------------------  -------------------------- 
1   Details of the person discharging managerial responsibilities/person 
     closely associated 
    ----------------------------------------------------------------------------- 
a)  Name                                               Zachary Lewy 
    -------------------------------------------------  -------------------------- 
2   Reason for the notification 
    -----------------------------------------------------------------------------

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a)  Position/status                                    Founder and Group 
                                                        Chief Investment 
                                                        Officer 
    -------------------------------------------------  -------------------------- 
b)  Initial notification/ Amendment                    Initial notification 
    -------------------------------------------------  -------------------------- 
3   Details of the issuer, emission allowance market participant, auction 
     platform, auctioneer or auction monitor 
    ----------------------------------------------------------------------------- 
a)  Name                                               Arrow Global Group 
                                                        Plc 
    -------------------------------------------------  -------------------------- 
b)  LEI                                                213800CUJ6YMLEO33C88 
    -------------------------------------------------  -------------------------- 
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 
    ----------------------------------------------------------------------------- 
a)  Description of the financial instrument, type of   Ordinary shares 
     instrument Identification code                     of 1p each 
                                                        ISIN: GB00BDGTXM47 
    -------------------------------------------------  -------------------------- 
b)  Nature of the transaction                          Grant of shares 
                                                        pursuant to a 
                                                        restricted share 
                                                        award 
    -------------------------------------------------  -------------------------- 
c)  Price(s) and volume(s)                             Price(s)       Volume(s) 
                                                        N/A -          189,702 
                                                         no price 
                                                         was payable 
                                                         for the 
                                                         shares 
                                                         granted 
                                                         under 
                                                         the award 
    -------------------------------------------------  -------------  ----------- 
d)  Aggregated information                             N/A 
     - Aggregated volume 
     - Price 
    -------------------------------------------------  -------------------------- 
e)  Date of the transaction                            10 May 2018 
    -------------------------------------------------  -------------------------- 
f)  Place of the transaction                           Outside a trading 
                                                        venue 
    -------------------------------------------------  --------------------------

ENQUIRIES

+44 (0)161 242 
 Arrow Global                             1724 
 Stewart Hamilton (Company Secretary)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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