Director/PDMR Shareholding
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Notification and public disclosure of transactions by Director/Person Discharging Managerial Responsibilities ("PDMR")
As announced on 9 November 2023, Adolfo Hernandez was appointed as Group Chief Executive Officer with effect from 17 January 2024.
On 19 March 2024, the following award was granted over the Company's Ordinary 2 1/15p shares ("Ordinary Shares") to Adolfo Hernandez (“the Buy-Out Award”). The Buy-Out Award is granted pursuant to UK Listing Rule 9.4.2(2). The Buy-Out Award may not be settled with new issue or treasury shares.
The Buy-Out Award is capable of vesting in five independent tranches as set out below:
| Name | Status | Number of Ordinary Shares under Buy-out Award | Vesting date |
| Adolfo Hernandez | Chief Executive Officer | 2,509,709 | 15 July 2024 |
| 2,497,467 | 15 January 2025 | ||
| 1,897,585 | 15 July 2025 | ||
| 1,885,343 | 15 January 2026 | ||
| 3,256,501 | 15 July 2026 |
No consideration was paid for the grant of the Buy-Out Award which is structured as a conditional award comprising the respective tranches.
Notes:
The Buy-Out Award has been made to compensate Adolfo Hernandez for the forfeiture of incentive arrangements held with his previous employer, Amazon Web Services.
The number of Ordinary Shares under the Buy-Out Award has been calculated using an Ordinary Share price of 19.81 pence per Ordinary Share being the average of the closing Ordinary Share prices over the five Dealing Days preceding 17 January 2024.
Tranches shall ordinarily be forfeit in the event of cessation of employment prior to the relevant vesting dates.
Notification and public disclosure of transactions by director/persons discharging managerial responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Adolfo Hernandez |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Capita plc |
| b) | LEI | CMIGEWPLHL4M7ZV0IZ88 |
| b) | Nature of the transaction | Grant of a conditional share award (Buy-out share award) over Capita ordinary shares to compensate Adolfo Hernandez for the forfeiture of incentive arrangements held with his previous employer. |
| c) | Price(s) and volume(s) | Price Volume Vesting date £Nil 2,509,709 15 July 2024 £Nil 2,497,467 15 January 2025 £Nil 1,897,585 15 July 2025 £Nil 1,885,343 15 January 2026 £Nil 3,256,501 15 July 2026 |
| d) | Aggregated information - Aggregated volume - Price | 12,046,605 £Nil |
| e) | Date of the transaction | 19 March 2024 |
| f) | Place of the transaction | Outside of a trading venue |
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