Restricted Shares Issuance & Director Dealing
Updated : 07:01
Public Policy Holding Company, Inc.
("PPHC", the "Group" or the "Company")
Restricted Shares Issuance and Director/PDMR Dealing
Public Policy Holding Company, Inc., the government relations and public affairs group providing clients with a fully integrated and comprehensive range of services, announces that it has granted restricted stock shares ("RSs") in the Company, which will rank pari passu with its existing Common Shares, to a broad range of its current employee base, including certain Directors and senior employees ("PDMRs") of the Company, under PPHC's 2021 Omnibus Incentive Plan ("Omnibus Plan") that was adopted in connection with the Group's admission to AIM in December 2021.
In total 638,877 RSs have been granted on 16 May 2024 under the Omnibus Plan. Of this tranche, 255,545 RSs have been granted to PDMRs (including Executive Directors and other senior management). The RSs will vest on 16 May 2025 and will be subject to certain acceleration and clawback events tied to continuation of employment and compliance with various employment-related agreements.
Application will be made for the new RSs, which will rank pari passu with the existing Common Shares in issue, to be admitted to trading on AIM. Dealings are expected to commence on or around 28 May 2024.
Following this issue of shares, the Company's total issued and voting share capital upon admission will consist of 118,317,132 Common Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.
Related Party Transaction
As directors of the Company, Stewart Hall, William Chess, Roel Smits and Keenan Austin Reed are deemed to be related parties under the AIM Rules for Companies (the "AIM Rules") and, as such, the award of the RSs outlined below to both Messrs. Hall, Chess and Smits and Ms. Austin constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules.
The Directors of the Group (excluding Messrs. Hall, Chess, and Smits and Ms. Austin) consider, having consulted with Stifel, the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.
Director / PDMR | No. of RSs previously held | No. of RSs granted | Resultant interest in RSs | |
Stewart Hall (Executive Director) | 0 | 25,365 | 25,365 | |
William Chess (Executive Director) | 0 | 17,438 | 17,438 | |
Roel Smits (Executive Director) | 0 | 13,475 | 13,475 | |
Jill Kendrick (PDMR) | 0 | 12,682 | 12,682 | |
Neal Strum (PDMR) | 0 | 14,268 | 14,268 | |
Thomas Gensemer (PDMR) | 0 | 11,097 | 11,097 | |
Ron Starzman (PDMR) | 0 | 10,304 | 10,304 | |
Paula Thrasher (PDMR) | 0 | 3,171 | 3,171 | |
Sarah Wills (PDMR) | 0 | 5,152 | 5,152 | |
Matthew Lapinski (PDMR) | 0 | 15,717 | 15,717 | |
Dan Tate, Jr. (PDMR) | 0 | 31,706 | 31,706 | |
Keenan Austin (Executive Director) | 177,447 | 31,523
| 208,970 | |
Rhoderick Shaw (PDMR) | 362,009 | 15,415 | 377,424 | |
Les Spivey (PDMR) | 362,009 | 15,415 | 377,424 | |
Erik Smith (PDMR) | 0 | 32,817
| 32,817 |
Enquiries
Public Policy Holding Company Inc. Stewart Hall, CEO Roel Smits, CFO
| +1 (202) 688 0020
|
Stifel (Nominated Adviser & Broker) Fred Walsh, Harry Hodkinson
| +44 (0) 20 7710 7600 |
Buchanan Communications (Media Enquiries) Chris Lane, Toto Berger | +44 (0) 20 7466 5000 |
About PPHC
Incorporated in 2014, PPHC is a US-based government relations and public affairs group providing clients with a fully integrated and comprehensive range of services including government and public relations, research and digital advocacy campaigns. Engaged by over 1200 clients, including companies, trade associations and non-governmental organisations, the Group is active in all major sectors of the U.S. economy, including healthcare and pharmaceuticals, financial services, energy, technology, telecoms and transportation. PPHC's services support clients to enhance and defend their reputations, advance policy goals, manage regulatory risk, and engage with US federal and state-level policy makers, stakeholders, media and the public.
PPHC operates a holding company structure and currently has nine operating entities comprising Crossroads Strategies, Forbes Tate Partners, Seven Letter, O'Neill & Associates, Alpine Group Partners, KP Public Affairs, MultiState Associates, Concordant Advisory and Lucus Public Affairs. Operating in the strategic communications market, the Group has a strong track record of organic and acquisitive growth, the latter focused on enhancing its capabilities and to establish new verticals, either within new geographies or new related offerings.
For more information, see www.pphcompany.com.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Stewart Hall | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | Chief Executive Officer | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | William Chess | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | Chief Administrative Officer | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Roel Smits | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | Chief Financial Officer | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Jill Kendrick | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | Chief Operating Officer | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Neal Strum | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | Chief Legal Officer | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Thomas Gensemer | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | Chief Strategy Officer | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Ron Starzman | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | PDMR | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Paula Thrasher | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | PDMR | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Sarah Wills | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | PDMR | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mathew Lapinski | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | PDMR | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Dan Tate, Jr. | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | PDMR | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Keenan Austin | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | Executive Director | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Rhoderick Shaw | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | PDMR | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Les Spivey | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | PDMR | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Erik Smith | ||||
2 | Reason for the notification | |||||
b) | Position/Status: | PDMR | ||||
c) | Initial notification/Amendment: | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
d) | Name: | Public Policy Holding Company, Inc. | ||||
e) | LEI: | 2138008Z7B1IXVVJAZ79 | ||||
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 | |||||
f) | Description of the financial instrument, type of
Identification Code
| Common shares of $0.001 par value
ISIN: US7444301094 | ||||
g) | Nature of the transaction: | Award of Restricted Stock Shares under Omnibus Plan scheme | ||||
h) | Price(s) and volume(s):
|
| ||||
i) | Aggregated information: · Aggregated volume · Price |
N/A single transaction N/A single transaction | ||||
j) | Date of the transaction: | 16 May 2024 | ||||
k) | Place of the transaction: | Off market transaction |
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