19 August 2019
Blue Prism Group plc
("Blue Prism" or the "Group")
DIRECTOR / PDMR SHAREHOLDING
Blue Prism (AIM: PRSM), a global leader in Robotic Process Automation today announces that Eric Verniaut has joined the company as Chief Operating Officer.
Eric is a veteran enterprise software executive, with 30 years' experience in the industry. Most recently, Eric has spent 8 years at SAP, where he was Chief Business Officer for EMEA, MEE and Greater China.
In his role as Chief Operating Officer Eric will take overall responsibility for go-to-market operations, including sales, field marketing, partner management, globalization, customer service and support. He will report into Alastair Bathgate, CEO.
PDMR Shareholding
Upon Eric's appointment Blue Prism has made the following Long Term Incentive Plan ("LTIP") awards in respect of ordinary shares of 1 penny each in the Group ("Ordinary Shares").
| Type of LTIP award | Number of Ordinary Shares |
| Performance Shares | 76,989 |
| Restricted Shares | 153,978 |
The Performance Share award is made under the Group's 2019 LTIP and is subject to performance conditions and to a vesting period running until 31 January 2022 in the same manner as other awards made under that LTIP. Further details of the applicable performance conditions are provided in the Group's annual report for the year ended 31 October 2018.
The Restricted Share award is a one-time award made on appointment, and vesting of the award is subject only to continued employment by the Group. Half of the Ordinary Shares under the award are subject to a vesting period of one year, followed by a mandatory holding period of a further year. The other half of the Ordinary Shares under the award are subject to a vesting period of two years.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| (a) | Name | Eric Verniaut | |
| 2. | Reason for the notification | ||
| (a) | Position/status | Chief Operating Officer | |
| (b) | Initial notification/ Amendment | Initial notification | |
| 3. | Details of the issuer | ||
| (a) | Name | BLUE PRISM GROUP PLC | |
| (b) | LEI | 2138006DQE9FNUW8KO83 | |
| 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 | Ordinary shares of £0.01 each | |
| (b) | Identification code of the Financial Instrument | GB00BYQ0HV16 | |
| (c) | Nature of the transaction | Contingent share award under LTIP | |
| (d) | Price(s) and volume(s) | Price(s) | Volume(s) |
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| Nil | 230,967 |
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| (e) | Aggregated information - Aggregated volume - Price |
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| (f) | Date of the transaction | 19 August 2019 | |
| (g) | Place of the transaction | Outside a trading venue | |
Enquiries:
Blue Prism Group plc +44 (0)77 3670 7407
Tom Hull, Head of Investor Relations
Investec Bank plc +44 (0)20 7597 5970
Carlton Nelson / Sebastian Lawrence / Andrew Pinder
FTI Consulting +44 (0)20 3727 1000
Matt Dixon / Dwight Burden