TIDMLMS

RNS Number : 5420J

LMS Capital PLC

16 August 2023

LMS Capital plc

(the "Company")

Long Term Incentive Plan Awards

Director / PDMR Shareholding

16 August 2023

The Company announces that yesterday it awarded a total of 686,064 nil cost options over ordinary shares of 10 pence each to employees of the Company under the Company's LTIP arrangements. 481,147 were awarded to the Managing Director and 204,917 were awarded to other employees.

The awards were made in accordance with the Company's remuneration policy, adopted by shareholders at the Annual General Meeting in May 2023, and the terms of which were summarised in the Company's 2022 Annual Report and Accounts on pages 46 to 54. The awards will only vest after 3 years, subject to continued employment with the Company by the participant and the achievement of performance conditions set by the Company's Remuneration Committee, linked to the deployment by the Company of its capital into new investments which are performing in line with expectations.

Details of the awards to the managing Director are set out below.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions described above.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a    Name                                   Nick Friedlos 
     -------------------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------------------- 
 a    Position / status                      Executive Director of LMS Capital plc 
     -------------------------------------  ----------------------------------------------- 
 b    Initial notification                   Initial notification 
       / Amendment 
     -------------------------------------  ----------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------------------- 
 a    Name                                   LMS Capital plc 
     -------------------------------------  ----------------------------------------------- 
 b    LEI                                    2138004UJ1TW8UCELX08 
     -------------------------------------  ----------------------------------------------- 
 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                     Options over Ordinary shares of 10p 
       financial instrument,                  each in LMS Capital plc 
       type of instrument 
      Identification code                    GB00B12MHD28 
     -------------------------------------  ----------------------------------------------- 
 b    Nature of the transaction              Grant of nil-cost share options conditional 
                                              on future performance in accordance 
                                              with the Company's long term incentive 
                                              plan 
     -------------------------------------  ----------------------------------------------- 
 c    Price(s) and volume(s)                 Price(s)                 Volume(s) 
     -------------------------------------  -----------------------  ---------------------- 
   nil                                                                481,147 
  -----------------------------------------------------------------  ---------------------- 
 
 d    Aggregated information 
       - Aggregated volume                     N/A single transaction 
  - Price 
   - Total 
 --------------------------------------------------------------  -------------------------- 
 e    Date of the transaction                15 August 2023 
     -------------------------------------  ----------------------------------------------- 
 f    Place of the transaction               Outside of a trading venue 
     -------------------------------------  -----------------------------------------------

For further information, please contact:

Olesya Wehlau

IQ EQ Corporate Services (UK) Limited

Company Secretary

+44 (0) 207 367 6946

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END

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August 16, 2023 10:11 ET (14:11 GMT)

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