TIDMBAG

RNS Number : 4137D

Barr(A.G.) PLC

26 April 2017

26 April 2017

A.G. BARR p.l.c.

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

LTIP Award - 25 April 2017

On 25 April 2017 A.G. BARR p.l.c. ("A.G. BARR" or the "Company") granted awards in the form of nil-cost options over ordinary shares in the Company under the A.G. BARR p.l.c. Long Term Incentive Plan (the "LTIP") to R A White, S Lorimer, J D Kemp and A L Memmott, as noted below.

R A White, J D Kemp and A L Memmott were also granted an award in the form of a tax qualifying option under the A.G. BARR p.l.c. Executive Share Option Scheme 2011 (the "ESOS").

 
 Name          Role               Number of ordinary   Exercise 
                                   shares under         price 
                                   option 
------------  -----------------  -------------------  ------------ 
 R A White     CEO                91,086 (LTIP         Nil 
                                   option) 
                                   4,830* (ESOS         GBP6.21 
                                    option)              per share 
------------  -----------------  -------------------  ------------ 
 S Lorimer     Finance Director   53,818 (LTIP         Nil 
                                   option) 
------------  -----------------  -------------------  ------------ 
 J D Kemp      Commercial         47,763 (LTIP         Nil 
                Director           option) 
                                   4,830* (ESOS         GBP6.21 
                                    option)              per share 
------------  -----------------  -------------------  ------------ 
 A L Memmott   Supply Chain       42,542 (LTIP         Nil 
                Director           option) 
                                   4,830* (ESOS         GBP6.21 
                                    option)              per share 
------------  -----------------  -------------------  ------------

*If the option under the ESOS is exercised at a gain, the LTIP awards will be reduced by the same value to ensure that the aggregate pre-tax value delivered to the participant remains the same as would have been the case had only the LTIP award been granted.

Under the rules of the LTIP, the vesting of the awards is subject to the achievement of the following EPS performance condition:

 
                                         Threshold 
                                           vesting          Maximum 
                                            at 20%          vesting 
                                            of the          at 100% 
                               % linked    maximum   of the maximum 
                               to award      award            award 
----------------------------  ---------  ---------  --------------- 
Cumulative EPS for 2017/18, 
 2018/19 and 2019/20               100%      90.0p           102.0p 
============================  =========  =========  ===============

There is straight-line vesting between the points and no reward below threshold performance. Ordinarily, the awards will vest (subject to the achievement of the performance condition) on 25 April 2020.

This notification is made pursuant to Disclosure Guidance and Transparency Rule 3.1.4.

Enquiries:

Julie A. Barr

Company Secretary

A.G. BARR p.l.c.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 26, 2017 07:17 ET (11:17 GMT)

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