GKN PLC Director/PDMR Shareholding
May 15 2017 - 10:06AM
UK Regulatory
TIDMGKN
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES AND CONNECTED PERSONS
GKN plc (the 'Company') announces that it has been notified of the following
transaction in the Company's ordinary shares of 10p each ('Shares') undertaken
by persons discharging managerial responsibilities ('PDMRs').
GKN Sustainable Earnings Plan ('SEP')
On 11 May 2017, the following SEP awards were granted:
PDMRs Number of Shares awarded
Nigel Stein 464,135
Kevin Cummings 286,919
Phil Swash 286,919
Adam Walker 325,175
The SEP awards are subject to EPS performance targets relative to actual end
market growth over a three year performance period. Any Shares that vest at the
end of the performance period will be subject to an additional two-year holding
period prior to release. The vesting of SEP awards is also subject to the
Remuneration Committee's assessment of both the quality of earnings and EPS
performance against shareholder expectations. Malus and clawback provisions
will apply.
No consideration was paid for the grant of the SEP awards and no payment is due
on release of any Shares.
Further details of the transaction can be found in the Notification of Dealing
Form for the PDMRs set out below.
This notification is made in accordance with the requirements of Article 19 of
the EU Market Abuse Regulation.
Notification of Transactions
Details of the Person Discharging Managerial Responsibilities/ Person Closely
Associated With
Name Nigel Stein
Reason for the notification
Position/status Chief Executive
Initial notification /Amendment Initial
Details of the issuer
Name GKN plc
LEI 213800QNZ22GS95OSW84
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
Description of the financial instrument, GKN plc ordinary shares of 10p each
type of instrument
Identification code GB0030646508
Nature of the transaction Award of shares under the GKN
Sustainable Earnings Plan
Price(s) Volume(s)
Price(s) and volume(s)
0 464,135
Aggregated information
464,135
0
Date and time of the transaction 2017/05/11
Place of the transaction Outside a trading venue
Notification of Transactions
Details of the Person Discharging Managerial Responsibilities/ Person Closely
Associated With
Name Kevin Cummings
Reason for the notification
Position/status Chief Executive GKN Aerospace
Initial notification /Amendment Initial
Details of the issuer
Name GKN plc
LEI 213800QNZ22GS95OSW84
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
Description of the financial instrument, GKN plc ordinary shares of 10p each
type of instrument
Identification code GB0030646508
Nature of the transaction Award of shares under the GKN
Sustainable Earnings Plan
Price(s) Volume(s)
Price(s) and volume(s)
0 286,919
Aggregated information
286,919
0
Date and time of the transaction 2017/05/11
Place of the transaction Outside a trading venue
Notification of Transactions
Details of the Person Discharging Managerial Responsibilities/ Person Closely
Associated With
Name Phil Swash
Reason for the notification
Position/status Chief Executive GKN Driveline
Initial notification /Amendment Initial
Details of the issuer
Name GKN plc
LEI 213800QNZ22GS95OSW84
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
Description of the financial instrument, GKN plc ordinary shares of 10p each
type of instrument
Identification code GB0030646508
Nature of the transaction Award of shares under the GKN
Sustainable Earnings Plan
Price(s) Volume(s)
Price(s) and volume(s)
0 286,919
Aggregated information
286,919
0
Date and time of the transaction 2017/05/11
Place of the transaction Outside a trading venue
Notification of Transactions
Details of the Person Discharging Managerial Responsibilities/ Person Closely
Associated With
Name Adam Walker
Reason for the notification
Position/status Group Finance Director
Initial notification /Amendment Initial
Details of the issuer
Name GKN plc
LEI 213800QNZ22GS95OSW84
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
Description of the financial instrument, GKN plc ordinary shares of 10p each
type of instrument
Identification code GB0030646508
Nature of the transaction Award of shares under the GKN
Sustainable Earnings Plan
Price(s) Volume(s)
Price(s) and volume(s)
0 325,175
Aggregated information
325,175
0
Date and time of the transaction 2017/05/11
Place of the transaction Outside a trading venue
15 May 2017
LEI: 213800QNZ22GS95OSW84
Classification of Information: Additional regulated information required to be
disclosed under the laws of a member state
END
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