Marston's PLC Director/PDMR Shareholding (9614B)
June 22 2016 - 6:23AM
UK Regulatory
TIDMMARS
RNS Number : 9614B
Marston's PLC
22 June 2016
Notification of interests of directors
22 June 2016
The Company announces that on 21 June 2016, the Directors and
Person Discharging Managerial Responsibilities (PDMR) listed below
were granted awards over ordinary shares in the Company under the
Company's 2014 Long Term Incentive Plan with HM Revenue &
Customs (HMRC) Approved Schedules (the "Plan"). The awards were
granted on 21 June 2016 calculated using the market price at the
close of trading on the London Stock Exchange on 21 June 2016 of
148.3 pence per ordinary share.
Awards under the Plan are structured as Approved Performance
Share Plan Awards. This year the Awards made to the Directors and
PDMR are in the form of an LTIP Award only, having already utilised
their GBP30,000 approved option limit.
Subject to the satisfaction of the performance metrics which are
based on a combination of Cash Return On Cash Capital Employed
(CROCCE), Free Cash Flow (FCF) and Relative Total Shareholder
Return; the LTIP Awards will vest and become exercisable in three
years.
Name Designation Number of shares
subject to LTIP
Award
------------------ ------------- -----------------
Andrew Andrea Director 278,995
------------------ ------------- -----------------
Peter Dalzell Director 257,080
------------------ ------------- -----------------
Ralph Findlay Director 447,572
------------------ ------------- -----------------
Richard Westwood PDMR 179,772
------------------ ------------- -----------------
The notification of these transactions is made pursuant to DTR
3.1.4R (1)(a) and is also deemed to be disclosure made in
accordance with Section 793 of the Companies Act 2006 where
appropriate.
Enquiries: Anne-Marie Brennan, Group Secretary, Marston's PLC,
+44 (0) 1902 329163
This information is provided by RNS
The company news service from the London Stock Exchange
END
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