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viewMicro Focus International plc

Micro Focus Int plc - Director/PDMR Shareholding

RNS Number : 2274U
Micro Focus International plc
28 July 2020
 

28 July 2020

 

 

Micro Focus International plc

("Micro Focus" or the "Company")

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

The Company announces that the 2017 Deferred Share Bonus Award granted to Chief Executive Officer, Stephen Murdoch, on 25 July 2017 under the Micro Focus International plc Deferred Share Bonus Plan ("Award") vested on 25 July 2020 and consequently 5,051 ordinary shares of 10 pence each in the Company ("Ordinary Shares") were released to him on 27 July 2020.  In addition, 3,501 Ordinary Shares were released in respect of the dividend equivalent entitlement attached to the Award.

The Award represented the one-third share deferral element of the annual bonus which was payable to Stephen Murdoch in relation to the financial year ended 30 April 2017. 

The notification below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulations, gives further details.

 

 1

Details of the person discharging managerial responsibilities

a)

Name

Stephen Murdoch

2

Reason for the notification

a)

Position/status

Chief Executive Officer (PDMR)

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Micro Focus International plc

b)

LEI

213800F8E4X648142844

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 instrument

Identification code

 

Ordinary shares of 10 pence each ("Ordinary Shares")

GB00BJ1F4N75

b)

Nature of the transaction

1)

Vesting and release of the 2017 Deferred Share Bonus Award granted on 25 July 2017 under the Micro Focus International plc Deferred Share Bonus Plan ("Award") together with 3,501 Ordinary Shares released in respect of the dividend equivalent attached to the Award. No payment was due on the vesting of the Award.



2)

Sale of shares to cover tax withholding and dealing costs on the vesting of the Award.




c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

1)    Nil

8,552

2)    £2.82

4,034

d)

 

Aggregated information

 - Aggregated volume

 - Price

 

Aggregated Volume

Aggregated Prices

1)    8,552

Nil

2)    4,034

£2.82

e)

Date of the transaction

  1) and 2) 27 July 2020

f)

Place of the transaction

  1) Outside a trading venue and 2) XLON

 

 

Enquiries: 

Micro Focus

Tel: +44 (0)1635 32646 

[email protected] 

Stephen Murdoch, CEO

Brian McArthur-Muscroft, CFO 

Ben Donnelly, Investor relations  

 

 

Brunswick

Tel: +44 (0) 20 7404 5959 

[email protected] 

Sarah West

Jonathan Glass 

 

 

Notes to Editors: 

About Micro Focus 

Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise software company supporting the technology needs and challenges of the Global 2000.  Our solutions help organizations leverage existing IT investments, enterprise applications and emerging technologies to address complex, rapidly evolving business requirements while protecting corporate information at all times. Our product portfolios are Security, IT Operations Management, Application Delivery Management, Information Management & Governance and Application Modernization & Connectivity. For more information, visit: www.microfocus.com


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Micro Focus International plc

Price: 249.204

Market: LSE
Market Cap: £834.38 m
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