Pinewood Group plc (the 'Company')

Notification of transactions of Persons Discharging Managerial Responsibilities

This notification is made in accordance with Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

On 12 August 2016 the persons set out in the table below, each being a Person Discharging Managerial Responsibility (a 'PDMR'), notified the Company that they were granted awards ('Awards') under the Company's 2012 Long Term Incentive Plan ('LTIP').

The LTIP is an incentive plan available to senior management of the Company (including PDMRs) and provides for the grant thereunder of cash awards, the amount of which is linked to the Company's share price. The Awards comprise phantom share units ('Phantom Units') and will become payable in the normal course on 11 July 2017. The Awards will also become payable on the effective date of the proposed scheme of arrangement under Part 26 of the Companies Act 2006 in respect of the recommended cash offer for the Company by Picture Holdco Limited.

The number of Phantom Units granted to each PDMR under the Awards and pursuant to terms of the LTIP is as follows:

Name of PDMR

Position

Number of Phantom Units comprising the Award

Aggregate value of Phantom Units at the time of grant based on a base price of 442p

Ivan Dunleavy

Chief Executive Officer

111,991

£495,000

Nick Smith

Commercial Director

78,054

£345,000

Andrew Smith

Corporate Affairs Director

25,452

£112,500

Chris Naisby

Finance Director

25,452

£112,500

Enquiries:

Pinewood Group plc

Andrew M. Smith - Corporate Affairs Director

Peel Hunt LLP (Nomad and broker)

Edward Knight

Euan Brown

+44 (0)1753 656732

+44 (0)20 7418 8900

Pinewood Group plc published this content on 16 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 August 2016 02:00:05 UTC.

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