Pendragon PLC Director/PDMR Shareholding
May 26 2017 - 11:30AM
UK Regulatory
TIDMPDG
Pendragon PLC ("the Company")
Notification of Transactions by Persons Discharging Managerial Responsibilities
("PDMRs")
Awards under the Pendragon Value Creation Plan ("VCP")
Following approval of the Pendragon Value Creation Plan at the Annual General
Meeting on 27 April 2017 the Company has today made awards under the Pendragon
Value Creation Plan to the directors of the Company listed below.
Under the awards, participants will be granted a nil cost option over such
number of shares that deliver a share in 10% of the value created for
shareholders over four years (to 31 December 2020) above a threshold return
level of 10% p.a. compound above the starting price of 30.16p, being the
average share price for the three months preceding the start of the 2017
financial year. Any awards which vest after the four year period will be
subject to a further one year holding period.
Full details of the Pendragon Value Creation Plan are available in the
Company's 2016 Annual Report available on the Company's website (
www.pendragonplc.com).
The number of shares under the nil cost option will be determined at the end of
four years and will be calculated at that time by reference to the director's
percentage entitlement to the growth in value below.
Director Position Percentage Percentage
entitlement of 10% entitlement of growth
pool in value
Trevor Finn Chief Executive 30% 3%
Martin Casha Chief Operating 20% 2%
Officer
Tim Holden Finance Director 10% 1%
Notification of Deal Forms of each PDMR can be found below.
1. Details of the person discharging managerial responsibilities
/persons closely associated
a) Name Trevor Finn
2. Reason for notification
a) Position/Status Chief Executive
b) Initial notification/ Initial notification
amendment
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Pendragon PLC
b) LEI 213800VRSPZFOGMMIS18
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 Ordinary Shares of GBP0.05 each
instrument, type of in the capital of Pendragon PLC
instrument and identification ISIN: GB00B1JQBT10
code
b) Nature of transaction Grant of options under the
Pendragon Value Creation Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil payable Such number of
on grant shares as
equals 3% of
the growth in
value above a
10% CAGR over
4 years to 31
December 2020
d) Aggregated Information n/a
e) Date of transaction 26 May 2017
f) Place of transaction London Stock Exchange (XLON)
1. Details of the person discharging managerial responsibilities
/persons closely associated
a) Name Martin Casha
2. Reason for notification
a) Position/Status Chief Operating Officer
b) Initial notification/ Initial notification
amendment
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Pendragon PLC
b) LEI 213800VRSPZFOGMMIS18
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 Ordinary Shares of GBP0.05 each
instrument, type of in the capital of Pendragon PLC
instrument and identification
code ISIN: GB00B1JQBT10
b) Nature of transaction Grant of options under the
Pendragon Value Creation Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil payable Such number of
on grant shares as equals
2% of the growth
in value above a
10% CAGR over 4
years to 31
December 2020
d) Aggregated Information n/a
e) Date of transaction 26 May 2017
f) Place of transaction London Stock Exchange (XLON)
1. Details of the person discharging managerial responsibilities
/persons closely associated
a) Name Tim Holden
2. Reason for notification
a) Position/Status Finance Director
b) Initial notification/ Initial notification
amendment
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Pendragon PLC
b) LEI 213800VRSPZFOGMMIS18
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 Ordinary Shares of GBP0.05 each
instrument, type of in the capital of Pendragon PLC
instrument and identification
code ISIN: GB00B1JQBT10
b) Nature of transaction Grant of options under the
Pendragon Value Creation Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil payable Such number of
on grant shares as equals
1% of the growth
in value above a
10% CAGR over 4
years to 31
December 2020
d) Aggregated Information n/a
e) Date of transaction 26 May 2017
f) Place of transaction London Stock Exchange (XLON)
RICHARD MALONEY
COMPANY SECRETARY
26 MAY 2017
Enquiries: Pendragon
PLC Trevor Finn Tel:
01623 725114
Tim Holden
RLM
Finsbury Gordon Simpson Tel:
0207 2513801
-ENDS-
END
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