John
Menzies plc
(the “Company”)
Director/PDMR Shareholding
19 March
2018
Notification of Transactions by
Persons Discharging Managerial Responsibilities (“PDMRs”)
2018 Long-Term Incentive Plan (“2018
LTIP”)
On 15 March 2018 the Company
received acceptances from the undernoted PDMRs in respect of the
following nil cost awards of ordinary shares of £0.25 each in the
Company (“Ordinary Shares”) under the terms of the Company’s
2018 LTIP.
The Ordinary Shares which will vest upon achievement of the
three-year performance criteria are as follows:
Name |
Number of Ordinary Shares |
Forsyth Black |
51,244 |
Giles Wilson |
47,584 |
John Geddes |
36,603 |
The following notifications, made pursuant to Article 19(3) of
the Market Abuse Regulation, provide further details:
1 |
Details of the person
discharging managerial responsibilities/person closely
associated |
a) |
Name |
Forsyth Black |
2 |
Reason for the
notification |
a) |
Position/status |
President & Managing Director, Menzies
Aviation |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor |
a) |
Name |
John Menzies plc |
b) |
LEI |
5493008LNN1X4R79PJ89 |
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, type of instrument
Identification code |
Ordinary shares of £0.25 each
ISIN CODE: GB0005790059 |
b) |
Nature of the transaction |
Grant of Ordinary Shares under the 2018 LTIP. |
c) |
Price(s) and
volume(s) |
Plan |
Price(s) |
Volume(s) |
2018 LTIP |
683 pence |
51,244 |
|
d) |
Aggregated
information
- Aggregated volume
- Price |
51,244
683 pence |
e) |
Date of the transaction |
2018-03-15 |
f) |
Place of the
transaction |
Outside of trading venue |
1 |
Details of the person
discharging managerial responsibilities/person closely
associated |
a) |
Name |
Giles Wilson |
2 |
Reason for the
notification |
a) |
Position/status |
Chief Financial Officer |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor |
a) |
Name |
John Menzies plc |
b) |
LEI |
5493008LNN1X4R79PJ89 |
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, type of instrument
Identification code |
Ordinary shares of £0.25 each
ISIN CODE: GB0005790059 |
b) |
Nature of the transaction |
Grant of Ordinary Shares under the 2018 LTIP. |
c) |
Price(s) and
volume(s) |
Plan |
Price(s) |
Volume(s) |
2018 LTIP |
683 pence |
47,584 |
|
d) |
Aggregated
information
- Aggregated volume
- Price |
47,584
683 pence |
e) |
Date of the transaction |
2018-03-15 |
f) |
Place of the
transaction |
Outside of trading venue |
1 |
Details of the person
discharging managerial responsibilities/person closely
associated |
a) |
Name |
John Geddes |
2 |
Reason for the
notification |
a) |
Position/status |
Group Company Secretary & Corporate Affairs
Director |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor |
a) |
Name |
John Menzies plc |
b) |
LEI |
5493008LNN1X4R79PJ89 |
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, type of instrument
Identification code |
Ordinary shares of £0.25 each
ISIN CODE: GB0005790059 |
b) |
Nature of the transaction |
Grant of Ordinary Shares under the 2018 LTIP. |
c) |
Price(s) and
volume(s) |
Plan |
Price(s) |
Volume(s) |
2018 LTIP |
683 pence |
36,603 |
|
d) |
Aggregated
information
- Aggregated volume
- Price |
36,603
683 pence |
e) |
Date of the transaction |
2018-03-15 |
f) |
Place of the
transaction |
Outside of trading venue |
Maturity of 2015 Long-Term Incentive
Plan (“2015 LTIP”)
Pursuant to an exercise of options under the rules of the 2015
LTIP, the following notifications are made pursuant to Article
19(3) of the Market Abuse Regulation and provide further
details:
1 |
Details of the person
discharging managerial responsibilities/person closely
associated |
a) |
Name |
Forsyth Black |
2 |
Reason for the
notification |
a) |
Position/status |
President & Managing Director, Menzies
Aviation |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor |
a) |
Name |
John Menzies plc |
b) |
LEI |
5493008LNN1X4R79PJ89 |
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, type of instrument
Identification code |
Ordinary shares of £0.25 each
ISIN CODE: GB0005790059 |
b) |
Nature of the transaction |
Acquisition of Ordinary Shares pursuant to an
exercise of options under the 2015 LTIP. |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
683 pence |
23,371 |
|
d) |
Aggregated
information
- Aggregated volume
- Price |
23,371
683 pence |
e) |
Date of the transaction |
2018-03-15 |
f) |
Place of the
transaction |
London Stock Exchange (XLON) |
1 |
Details of the person
discharging managerial responsibilities/person closely
associated |
a) |
Name |
Giles Wilson |
2 |
Reason for the
notification |
a) |
Position/status |
Chief Financial Officer |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor |
a) |
Name |
John Menzies plc |
b) |
LEI |
5493008LNN1X4R79PJ89 |
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, type of instrument
Identification code |
Ordinary shares of £0.25 each
ISIN CODE: GB0005790059 |
b) |
Nature of the transaction |
1. Acquisition of
Ordinary Shares pursuant to an exercise of options under the 2015
LTIP.
2. Disposal of Ordinary Shares. |
c) |
Price(s) and
volume(s) |
|
Price(s) |
Volume(s) |
1. |
683 pence |
22,910 |
2. |
650 pence |
10,710 |
|
d) |
Aggregated
information
- Aggregated volume
- Price |
See 4(c) above |
e) |
Date of the transaction |
1. 2018-03-15
2. 2018-03-19 |
f) |
Place of the
transaction |
London Stock Exchange (XLON) |
1 |
Details of the person
discharging managerial responsibilities/person closely
associated |
a) |
Name |
John Geddes |
2 |
Reason for the
notification |
a) |
Position/status |
Group Company Secretary & Corporate Affairs
Director |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor |
a) |
Name |
John Menzies plc |
b) |
LEI |
5493008LNN1X4R79PJ89 |
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, type of instrument
Identification code |
Ordinary shares of £0.25 each
ISIN CODE: GB0005790059 |
b) |
Nature of the transaction |
Acquisition of Ordinary Shares pursuant to an
exercise of options under 2015 LTIP. |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
683 pence |
17,981 |
|
d) |
Aggregated
information
- Aggregated volume
- Price |
17,981
683 pence |
e) |
Date of the transaction |
2018-03-15 |
f) |
Place of the
transaction |
London Stock Exchange (XLON) |
Chairman’s Award 2017
As stated in the Combined Prospectus and Circular issued by the
Company on 16 September 2016, the
Company’s Remuneration Committee determined that it would be
appropriate for part of the Company's fee arrangement with Dr
Dermot Smurfit for his services as
Chairman of the Company to be a cash fee satisfied by way of the
issue of up to 20,000 Ordinary Shares, issued on an annual basis
for three years (the “Chairman’s Award”).
The following award was made in satisfaction of the Chairman’s
Award in respect of FYE 31 December
2017 and the following notification, made pursuant to
Article 19(3) of the Market Abuse Regulation, provides further
details:
1 |
Details of the person
discharging managerial responsibilities/person closely
associated |
a) |
Name |
Dr Dermot Francis Smurfit |
2 |
Reason for the
notification |
a) |
Position/status |
Chairman of the Company |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor |
a) |
Name |
John Menzies plc |
b) |
LEI |
5493008LNN1X4R79PJ89 |
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, type of instrument
Identification code |
Ordinary shares of £0.25 each
ISIN CODE: GB0005790059 |
b) |
Nature of the transaction |
Acquisition of Ordinary Shares. |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
661.4 pence |
20,000 |
|
d) |
Aggregated
information
- Aggregated volume
- Price |
20,000
661.4 pence |
e) |
Date of the transaction |
2018-03-15 |
f) |
Place of the
transaction |
London Stock Exchange (XLON) |
Maturity of 2014 Save as You Earn
Scheme (“2014 SAYE Scheme”)
Pursuant to the rules of the 2014 SAYE Scheme, which matured on
1 December 2017, the undernoted PDMR
made an election on 13 March 2018 to
exercise his option and acquire 732 Ordinary Shares (“SAYE
Allotment”).
Overall settlement of the SAYE Allotment will take place in
accordance with the rules of 2014 SAYE.
The following notification, made pursuant to Article 19(3) of
the Market Abuse Regulation, provides further details:
1 |
Details of the person
discharging managerial responsibilities/person closely
associated |
a) |
Name |
John Geddes |
2 |
Reason for the
notification |
a) |
Position/status |
Group Company Secretary & Corporate Affairs
Director |
b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor |
a) |
Name |
John Menzies plc |
b) |
LEI |
5493008LNN1X4R79PJ89 |
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, type of instrument
Identification code |
Ordinary shares of £0.25 each
ISIN CODE: GB0005790059 |
b) |
Nature of the transaction |
Exercise of an option over Ordinary Shares
pursuant to the Company’s 2014 SAYE Scheme. |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
437 pence |
732 |
|
d) |
Aggregated
information
- Aggregated volume
- Price |
732
437 pence |
e) |
Date of the transaction |
2018-03-13 |
f) |
Place of the
transaction |
London Stock Exchange (XLON) |
For further information, please contact:
John Geddes
Group Company Secretary & Corporate Affairs Director
0131 225 8555