Notification of transactions by PDMRs
Peel Hunt Limited announced on July 17, 2026, that performance share awards in the form of nil-cost options were granted to Executive Directors under the Long Term Incentive Plan on July 15, 2026, with Steven Fine receiving 1,330,049 shares, Michael Lee 443,350 shares, and Billy Neve 221,675 shares, all calculated at a share price of 101.5 pence. Additionally, Michael Lee was granted a deferred share award of 88,670 ordinary shares, representing a £90,000 mandatory deferral of his FY26 cash bonus, also valued at 101.5 pence per share and vesting over three years. Vesting of these awards is contingent on cumulative EPS performance over the three financial years ending March 31, 2029, with potential vesting between 25% and 100% of the award, subject to further holding periods and retention requirements.
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The Company announces that, on 15 July 2026, performance share awards in the form of nil-cost options were granted to the Executive Directors of the Company under the Peel Hunt Long Term Incentive Plan ("LTIP") (the "LTIP Awards"). In addition, Michael Lee, Chief Operating Officer, was granted a deferred share award in the form of a nil-cost option over ordinary shares in the Company in respect of the mandatory deferral of a portion of his FY26 annual variable remuneration (the "Deferred Share Award").
The LTIP Awards and the Deferred Share Award were granted in accordance with the Company's Directors' Remuneration Policy, details of which are set out in the Company's Annual Report for the year ended 31 March 2026. The LTIP Awards represent the second awards made under the LTIP.
The number of ordinary shares subject to the LTIP Awards is set out below:
| Director | Award shares |
|---|---|
| Steven Fine | 1,330,049 |
| Michael Lee | 443,350 |
| Billy Neve | 221,675 |
In accordance with the remuneration deferral requirements under the MIFIDPRU Remuneration Code (SYSC 19G) applicable under the Investment Firms Prudential Regime ("IFPR"), £90,000 of Michael Lee's FY26 cash bonus was required to be deferred. The deferred amount was delivered in the form of a Deferred Share Award over 88,670 ordinary shares in the Company, calculated by reference to a share price of 101.5 pence, and will vest in equal tranches over a three-year period, subject to the terms of the award.
The number of ordinary shares subject to each LTIP Award was calculated by reference to a share price of 101.5 pence.
Vesting of the LTIP Awards is subject to a cumulative EPS performance condition measured over the three financial years ending 31 March 2029. No part of an LTIP Award will vest below threshold performance. At or above threshold, between 25% and 100% of an LTIP Award may vest, depending on the level of cumulative EPS achieved. Any vested LTIP Awards will be subject to a further six-month holding period during which they cannot be sold. In addition, Executive Directors are required to retain at least 50% of the net shares vesting under share-based awards granted to them in their capacity as Executive Directors as needed to build and maintain a shareholding in the Company. Further details are set out in the Company's 2026 Annual Report.
| a. | Name | Steven Fine |
| 2. | Reason for the notification | |
| a. | Position/status | Chief Executive Officer |
| b. | Initial notification/Amendment | Initial notification |
| a. | Name | Peel Hunt Limited |
| b. | LEI | 549300LZ19UIGSNC8I92 |
| a. | Description of the Financial instrument, type of instrument Identification code | Nil-cost share options over the ordinary share capital of the Company Ordinary Share ISIN: GG00BLGZJW08 |
| b. | Nature of the transaction | Grant of performance share awards in the form of nil-cost options under the Peel Hunt Long Term Incentive Plan |
| c. | Price(s) and volume(s) | Price(s) Volume(s) Nil cost 1,330,049 |
| d. | Aggregated information · Aggregated volume · Price | Not applicable |
| f. | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a. | Name | Michael Lee |
| 2. | Reason for the notification | |
| a. | Position/status | Chief Operating Officer |
| b. | Initial notification/Amendment | Initial notification |
| a. | Name | Peel Hunt Limited |
| b. | LEI | 549300LZ19UIGSNC8I92 |
| a. | Description of the Financial instrument, type of instrument Identification code | Nil-cost share options over the ordinary share capital of the Company Ordinary Share ISIN: GG00BLGZJW08 |
| b. | Nature of the transaction | Grant of performance share awards in the form of nil-cost options under the Peel Hunt Long Term Incentive Plan |
| c. | Price(s) and volume(s) | Price(s) Volume(s) Nil cost 443,350 |
| d. | Aggregated information · Aggregated volume · Price | Not applicable |
| f. | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a. | Name | Billy Neve |
| 2. | Reason for the notification | |
| a. | Position/status | Group Finance Director |
| b. | Initial notification/Amendment | Initial notification |
| a. | Name | Peel Hunt Limited |
| b. | LEI | 549300LZ19UIGSNC8I92 |
| a. | Description of the Financial instrument, type of instrument Identification code | Nil-cost share options over the ordinary share capital of the Company Ordinary Share ISIN: GG00BLGZJW08 |
| b. | Nature of the transaction | Grant of performance share awards in the form of nil-cost options under the Peel Hunt Long Term Incentive Plan |
| c. | Price(s) and volume(s) | Price(s) Volume(s) Nil cost 221,675 |
| d. | Aggregated information · Aggregated volume · Price | Not applicable |
| f. | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a. | Name | Michael Lee |
| 2. | Reason for the notification | |
| a. | Position/status | Chief Operating Officer |
| b. | Initial notification/Amendment | Initial notification |
| a. | Name | Peel Hunt Limited |
| b. | LEI | 549300LZ19UIGSNC8I92 |
| a. | Description of the Financial instrument, type of instrument Identification code | Nil-cost option over the ordinary share capital of the Company pursuant to a Deferred Share Award Ordinary Share ISIN: GG00BLGZJW08 |
| b. | Nature of the transaction | Grant of a Deferred Share Award in respect of the mandatory deferral of a portion of annual variable remuneration in accordance with the remuneration deferral requirements under IFPR |
| c. | Price(s) and volume(s) | Price(s) Volume(s) Nil cost 88,670 |
| d. | Aggregated information · Aggregated volume · Price | Not applicable |
| f. | Place of the transaction | Outside a trading venue |
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