Marston's PLC Director/PDMR Shareholding (9298I)
June 22 2017 - 10:06AM
UK Regulatory
TIDMMARS
RNS Number : 9298I
Marston's PLC
22 June 2017
Notification of interests of directors
22 June 2017
The Company announces that on 21 June 2017, 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 (the "Plan"). The awards
were granted on 21 June 2017 calculated using the market price at
the close of trading on the London Stock Exchange on 21 June 2017
of 125.1 pence per ordinary share.
The awards will vest subject to the satisfaction of 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 assessed over the Company's 2016/2017, 2017/2018
and 2018/2019 financial years. To the extent an award vests, it
will be released (so that the participant is entitled to acquire
the shares) following the end of a further two year holding
period.
Name Designation Number of shares
subject to LTIP
Award
------------------ ------------- -----------------
Andrew Andrea Director 362,709
------------------ ------------- -----------------
Peter Dalzell Director 310,751
------------------ ------------- -----------------
Ralph Findlay Director 541,566
------------------ ------------- -----------------
Richard Westwood PDMR 217,373
------------------ ------------- -----------------
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
Enquiries: Anne-Marie Brennan, Group Secretary, Marston's PLC,
+44 (0) 1902 329163
1. Details of PDMR / PCA (person closely associated)
---- ------------------------------------------------------------
(a) Name Andrew Andrea
---- ---------------------- ------------------------------------
(b) Position/status Director and PDMR (Chief Financial
and Corporate Development Officer)
---- ---------------------- ------------------------------------
(c) Initial notification/ Initial notification
amendment
---- ---------------------- ------------------------------------
2. Details of the issuer
---- ------------------------------------------------------------
(a) Name Marston's PLC
---- ---------------------- ------------------------------------
3. 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 Ordinary shares of 7.375p each
of the financial
instrument ISIN GB00B1JQDM80
---- ---------------------- ------------------------------------
(b) Nature of the Grant of award under the Long
transaction Term Incentive Plan
---- ---------------------- ------------------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
N/A 362,709
---------- ----------
---- ---------------------- ------------------------------------
(d) Aggregated n/a single transaction
information
n/a single transaction
Aggregated
volume price
---- ---------------------- ------------------------------------
(e) Date of the 2017-06-21
transaction
---- ---------------------- ------------------------------------
(f) Place of the London Stock Exchange, Main Market
transaction (XLON)
---- ---------------------- ------------------------------------
1. Details of PDMR / PCA (person closely associated)
---- -----------------------------------------------------------
(a) Name Peter Dalzell
---- ---------------------- -----------------------------------
(b) Position/status Director and PDMR (MD, Marston's
Inns and Taverns)
---- ---------------------- -----------------------------------
(c) Initial notification/ Initial notification
amendment
---- ---------------------- -----------------------------------
2. Details of the issuer
---- -----------------------------------------------------------
(a) Name Marston's PLC
---- ---------------------- -----------------------------------
3. 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 Ordinary shares of 7.375p each
of the financial
instrument ISIN GB00B1JQDM80
---- ---------------------- -----------------------------------
(b) Nature of the Grant of award under the Long
transaction Term Incentive Plan
---- ---------------------- -----------------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
N/A 310,751
---------- ----------
---- ---------------------- -----------------------------------
(d) Aggregated n/a single transaction
information
n/a single transaction
Aggregated
volume price
---- ---------------------- -----------------------------------
(e) Date of the 2017-06-21
transaction
---- ---------------------- -----------------------------------
(f) Place of the London Stock Exchange, Main Market
transaction (XLON)
---- ---------------------- -----------------------------------
1. Details of PDMR / PCA (person closely associated)
---- -----------------------------------------------------------
(a) Name Ralph Findlay
---- ---------------------- -----------------------------------
(b) Position/status Director and PDMR (CEO)
---- ---------------------- -----------------------------------
(c) Initial notification/ Initial notification
amendment
---- ---------------------- -----------------------------------
2. Details of the issuer
---- -----------------------------------------------------------
(a) Name Marston's PLC
---- ---------------------- -----------------------------------
3. 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 Ordinary shares of 7.375p each
of the financial
instrument ISIN GB00B1JQDM80
---- ---------------------- -----------------------------------
(b) Nature of the Grant of award under the Long
transaction Term Incentive Plan
---- ---------------------- -----------------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
N/A 541,566
---------- ----------
---- ---------------------- -----------------------------------
(d) Aggregated n/a single transaction
information
n/a single transaction
Aggregated
volume price
---- ---------------------- -----------------------------------
(e) Date of the 2017-06-21
transaction
---- ---------------------- -----------------------------------
(f) Place of the London Stock Exchange, Main Market
transaction (XLON)
---- ---------------------- -----------------------------------
1. Details of PDMR / PCA (person closely associated)
---- ---------------------------------------------------------------
(a) Name Richard Westwood
---- -------------------------- -----------------------------------
(b) Position/status PDMR (MD, Marston's Beer Company)
---- -------------------------- -----------------------------------
(c) Initial notification/ Initial notification
amendment
---- -------------------------- -----------------------------------
2. Details of the issuer
---- ---------------------------------------------------------------
(a) Name Marston's PLC
---- -------------------------- -----------------------------------
3. 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 Ordinary shares of 7.375p each
financial instrument
ISIN GB00B1JQDM80
---- -------------------------- -----------------------------------
(b) Nature of the transaction Grant of award under the Long
Term Incentive Plan
---- -------------------------- -----------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 217,373
---------- ----------
---- -------------------------- -----------------------------------
(d) Aggregated information n/a single transaction
Aggregated volume n/a single transaction
price
---- -------------------------- -----------------------------------
(e) Date of the transaction 2017-06-21
---- -------------------------- -----------------------------------
(f) Place of the transaction London Stock Exchange, Main Market
(XLON)
---- -------------------------- -----------------------------------
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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