Vesting of LTIP awards and PDMR notification
Keystone Law Group PLC has transferred 223,822 ordinary shares from treasury to beneficiaries of its Long Term Incentive Plan following the achievement of performance criteria, while cancelling the remaining 43,993 treasury shares. This brings the total issued ordinary shares and voting rights to 31,673,265. Executive Director Ashley Miller and PDMR William Robins each received 28,748 shares and subsequently sold 13,512 shares each at prices of £5.345 and £5.346 respectively to cover tax liabilities, resulting in Miller holding 0.80% and Robins holding 0.46% of the company's shares.
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Keystone Law Group plc (AIM: KEYS), the premier tech-enabled platform law firm, announces that it has transferred 223,822 ordinary shares in the capital of the Company ("Ordinary Shares") out of treasury. These shares have been transferred to the beneficiaries of the share awards granted on 19 June 2023 under the Keystone Law Long Term Incentive Plan 2018 ('LTIP'), following achievement of the performance criteria required to vest 90% of these awards.
Having made these transfers, the Company has cancelled the remaining Ordinary Shares which it previously held in treasury, that being 43,993 shares.
Following these transactions, the total number of Ordinary Shares in issue and the total voting rights in the Company will be 31,673,265.
Therefore, the total voting rights in the Company will be 31,673,265. This figure may be used by shareholders as the denominator for calculations to determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Of the Ordinary Shares transferred, 57,496 were to the following PRMR's of the Group:
| Name | Number of Shares under award |
|---|---|
| Ashley Miller (Executive Director, Finance Director) | 28,748 |
| William Robins (PDMR) | 28,748 |
In order to pay the tax arising from the vesting of these Ordinary Shares, Ashley Miller and William Robins have both sold 13,512 Ordinary Shares. Following these transactions Ashley Miller now holds 252,583 Ordinary Shares representing 0.80% and William Robins, in conjunction with his wife (a PCA), now holds 146,274 Ordinary Shares representing 0.46%.
Set out below are the notifications, made in accordance with the requirements of the Market Abuse Regulation, in relation to the variation of the LTIP Awards.
PDMR DEALING NOTIFICATION TEMPLATE
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Ashley Rupert James Patrick Miller | |
| 2 | Reason for the notification | ||
| a) | Position/status | Finance Director | |
| b) | Initial notification /Amendment | Initial | |
| a) | Name | Keystone Law Group plc | |
| b) | Legal Entity Identifier | 213800RTARHELL51S215 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.002 each in Keystone Law Group plc | |
| Identification code | GB00BZ020557 | ||
| b 1) | Nature of the transaction | Vesting of shares from LTIP Award granted in June 2023 under the Keystone Law Long Term Incentive Plan | |
| c 1) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 28,748 | ||
| b 2) | Nature of the transaction | Sale of shares | |
| c 2) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £5.345 | 13,512 | ||
| d) | Aggregated information | Not applicable single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 26 June 2026 | |
| f) | Place of the transaction | London | |
| PDMR DEALING NOTIFICATION TEMPLATE | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | William Robins | |
| 2 | Reason for the notification | ||
| a) | Position/status | PDMR | |
| b) | Initial notification /Amendment | Initial | |
| a) | Name | Keystone Law Group plc | |
| b) | Legal Entity Identifier | 213800RTARHELL51S215 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.002 each in Keystone Law Group plc | |
| Identification code | GB00BZ020557 | ||
| b 1) | Nature of the transaction | Vesting of shares from LTIP Award granted in June 2023 under the Keystone Law Long Term Incentive Plan | |
| c 1) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 28,748 | ||
| b 2) | Nature of the transaction | Sale of shares | |
| c 2) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £5.346 | 13,512 | ||
| d) | Aggregated information | Not applicable single transaction | |
| - Aggregated volume | |||
| - Price | |||
| e) | Date of the transaction | 26 June 2026 | |
| f) | Place of the transaction | London | |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.