TIDMIMB
RNS Number : 6164P
Imperial Brands PLC
18 February 2021
IMPERIAL BRANDS PLC
Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42
Directors and Persons Discharging Managerial Responsibility
("PDMRs") Interests
Imperial Brands PLC (the "Company") Long Term Incentive Plan
On 15 February 2021, the Company made the following grant of
awards under the 2021 Imperial Brands Long Term Incentive Plan (the
"LTIP") to PDMRs:
PDMR No. of LTIP awards granted
Stefan Bomhard 297,388
---------------------------
Dominic Brisby 68,295
---------------------------
Joerg Biebernick 64,948
---------------------------
Alison Clarke 65,617
---------------------------
Javier Huerta 72,313
---------------------------
Murray McGowan 53,565
---------------------------
The Remuneration Committee has taken into account the share
price performance over the year and the concerns expressed by a
number of shareholders about the level of Stefan Bomhard's salary
on appointment as Chief Executive Officer. He and the Remuneration
Committee agreed that the face value of his 2021 LTIP award should
be reduced, on an exceptional basis, from 350% of salary to 315%, a
reduction of 10% of the face value of the usual annual award. The
number of shares under award reflects this adjustment.
Further to the commitment in its Annual Report and Accounts
2020, the Company confirms that the performance measures and
targets (which should not be construed as guidance) in respect of
the annual Imperial Brands LTIP grant made on 15 February 2021
are:
Adjusted Earnings per Share Growth Element
This criterion determines the vesting of 40 per cent of the
shares under award with the following vesting schedule:
Compound annual adjusted EPS growth* Shares vesting (as
a percentage of element)
Less than 2% per annum nil
--------------------------
2% per annum 25%
--------------------------
2% to 4.8% per annum Between 25% and 100%
(pro rata)
--------------------------
4.8% per annum or higher 100%
--------------------------
Net Debt/EBITDA Element
The net debt/EDITDA criterion determines the vesting of 20 per
cent of the shares under award with the following vesting
schedule:
At the end of the Financial Year Ending 30 Shares vesting (as
September 2023* a percentage of element)
Less than 2.00x nil
--------------------------
2.00x 25%
--------------------------
2.00x-+1.8 x Between 25% and 100%
(pro rata)
--------------------------
1.8 x or higher 100%
--------------------------
The level of the gearing criterion assumes an additional
shareholder distribution will be made either via share buybacks or
special dividends during the period in line with the Group's
capital allocation policy. To the extent the shareholder
distribution is increased above the assumed level during the
period, there is an agreed formula to raise the gearing target
accordingly so as to incentivise incremental shareholder returns
during the period. Similarly, if the shareholder distribution is
reduced, the target gearing will be lowered. This will reinforce
alignment of this measure to the Group's capital allocation policy
and shareholder value creation.
Average Annual Return on Invested Capital Shares vesting (as
(ROIC)* a percentage of element)
Less than 16.6% nil
--------------------------
16.6% 25%
--------------------------
Between 16.6% and 17.5% Between 25% and 100%
(pro rata)
--------------------------
17.5% or greater 100%
--------------------------
* All the financial measures are measured on a constant currency
basis which consistent with the approach agreed by the Remuneration
Committee of Imperial Brands and has been in place since 2015.
Total Shareholder Return Element
The relative total shareholder return ("TSR") criterion is used
for 20 per cent of the award. The peer group used for the
assessment of relative TSR is:
Altria Group Anheuser-Busch Beiersdorf British American Brown-Forman
InBev Tobacco
Carlsberg Clorox Constellation Diageo Heineken
Brands
--------------- --------------- ----------------- -----------------
Henkel Japan Tobacco Kimberly-Clark Kirin Holdings L'Oreal
--------------- --------------- ----------------- -----------------
Monster Beverage Pernod Ricard Pepsico Philip Morris Procter & Gamble
International
--------------- --------------- ----------------- -----------------
Reckitt Benckiser Swedish Match Uni Charm Unilever PLC
Group
--------------- --------------- ----------------- -----------------
Vesting of awards on this element would occur as per the vesting
schedule below:
Relative TSR performance Shares vesting (as
percentage of element)
Below median of peer group nil
------------------------
At median of peer group 25%
------------------------
Between median and upper quartile Between 25% and 100%
(pro rata)
------------------------
At or above upper quartile 100%
------------------------
Each element operates independently and is capable of vesting
regardless of the Company's performance in respect of the other
elements. The Remuneration Committee retains the discretion under
the rules of the 2021 LTIP to adjust up or down including to zero
the number of shares that vest taking into account a number of
factors including personal or corporate performance and
circumstances that were unforeseen at the date of grant.
Details of individual awards are provided below:
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name STEFAN ANDREAS BOMHARD
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status EXECUTIVE DIRECTOR - CHIEF EXECUTIVE
OFFICER
--------------------------- --------------------------------------
b) Initial notification INITIAL NOTIFICATION
/Amendment
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
--------------------------- --------------------------------------
b) LEI 549300DFVPOB67JL3A42
--------------------------- --------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
--------------------------- --------------------------------------
b) Nature of the transaction CONDITIONAL AWARD GRANTED UNDER LONG
TERM INCENTIVE PLAN
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 297,388
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 297,388
- Price NOT APPLICABLE
--------------------------- --------------------------------------
e) Date of the transaction 15 FEBRUARY 2021
--------------------------- --------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
--------------------------- --------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name DOMINIC JAMES BRISBY
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status PDMR - DIVISION DIRECTOR AMERICAS,
AFRICA, ASIA AND AUSTRALASIA
--------------------------- --------------------------------------
b) Initial notification
/Amendment INITIAL NOTIFICATION
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
--------------------------- --------------------------------------
b) LEI 549300DFVPOB67JL3A42
--------------------------- --------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
--------------------------- --------------------------------------
b) Nature of the transaction CONDITIONAL AWARD GRANTED UNDER LONG
TERM INCENTIVE PLAN
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 68,295
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 68,295
- Price NOT APPLICABLE
--------------------------- --------------------------------------
e) Date of the transaction 15 February 2021
--------------------------- --------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
--------------------------- --------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name JOERG BIEBERNICK
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status PDMR - DIVISION DIRECTOR, EUROPE
--------------------------- --------------------------------------
b) Initial notification INITIAL NOTIFICATION
/Amendment
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
--------------------------- --------------------------------------
b) LEI 549300DFVPOB67JL3A42
--------------------------- --------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
--------------------------- --------------------------------------
b) Nature of the transaction CONDITIONAL AWARD GRANTED UNDER LONG
TERM INCENTIVE PLAN
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 64,948
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 64,948
- Price NOT APPLICABLE
--------------------------- --------------------------------------
e) Date of the transaction 15 FEBRUARY 2021
--------------------------- --------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
--------------------------- --------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name ALISON JANE CLARKE
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status PDMR - CHIEF PEOPLE AND CULTURE OFFICER
-------------------------- ----------------------------------------
b) Initial notification
/Amendment INITIAL NOTIFICATION
-------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
-------------------------- ----------------------------------------
b) LEI 549300DFVPOB67JL3A42
-------------------------- ----------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
-------------------------- ----------------------------------------
b) Nature of the transaction CONDITIONAL AWARD GRANTED UNDER LONG
TERM INCENTIVE PLAN
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Not Applicable 65,617
----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 65,617
- Price NOT APPLICABLE
-------------------------- ----------------------------------------
e) Date of the transaction 15 FEBRUARY 2021
-------------------------- ----------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
-------------------------- ----------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name JAVIER ESTERBAN HUERTA RUIZ
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status PDMR - GROUP MANUFACTURING AND SUPPLY
CHAIN DIRECTOR
--------------------------- --------------------------------------
b) Initial notification INITIAL NOTIFICATION
/Amendment
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
--------------------------- --------------------------------------
b) LEI 549300DFVPOB67JL3A42
--------------------------- --------------------------------------
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, ORDINARY SHARES
type of instrument
Identification code GB0004544929
--------------------------- --------------------------------------
b) Nature of the transaction CONDITIONAL AWARD GRANTED UNDER LONG
TERM INCENTIVE PLAN
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 72,313
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 72,313
- Price NOT APPLICABLE
--------------------------- --------------------------------------
e) Date of the transaction 15 FEBRUARY 2021
--------------------------- --------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
--------------------------- --------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name MURRAY HENRY MCGOWAN
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status PDMR - GROUP STRATEGY AND TRANSFORMATION
DIRECTOR
-------------------------- -----------------------------------------
b) Initial notification INITIAL NOTIFICATION
/Amendment
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
-------------------------- -----------------------------------------
b) LEI 549300DFVPOB67JL3A42
-------------------------- -----------------------------------------
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, ORDINARY SHARES
type of instrument
Identification code GB0004544929
-------------------------- -----------------------------------------
b) Nature of the transaction CONDITIONAL AWARD GRANTED UNDER LONG
TERM INCENTIVE PLAN
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 53,565
----------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 53,565
- Price NOT APPLICABLE
-------------------------- -----------------------------------------
e) Date of the transaction 15 FEBRUARY 2021
-------------------------- -----------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
-------------------------- -----------------------------------------
On 15 February 2021 the LTIP granted on 15 February 2018 vested
in part, with the remainder lapsing. Details of the individual
award vesting and lapsing are detailed below.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name OLIVER REGINALD TANT
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status EXECUTIVE DIRECTOR - 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 IMPERIAL BRANDS PLC
-------------------------- -----------------------------------------
b) LEI 549300DFVPOB67JL3A42
-------------------------- -----------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
-------------------------- -----------------------------------------
b) Nature of the transaction CONDITIONAL AWARD VESTING UNDER LONG
TERM INCENTIVE PLAN (including Dividend
Roll-up Shares)
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 11,184
----------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 11,184
- Price NOT APPLICABLE
-------------------------- -----------------------------------------
e) Date of the transaction 15 February 2021
-------------------------- -----------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
-------------------------- -----------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name OLIVER REGINALD TANT
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status EXECUTIVE DIRECTOR - 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 IMPERIAL BRANDS PLC
--------------------------- --------------------------------------
b) LEI 549300DFVPOB67JL3A42
--------------------------- --------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
--------------------------- --------------------------------------
b) Nature of the transaction CONDITIONAL AWARD LAPSED UNDER LONG
TERM INCENTIVE PLAN
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 59,856
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 59,856
- Price NOT APPLICABLE
--------------------------- --------------------------------------
e) Date of the transaction 15 February 2021
--------------------------- --------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
--------------------------- --------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name DOMINIC JAMES BRISBY
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status PDMR - DIVISION DIRECTOR AMERICAS,
AFRICA, ASIA AND AUSTRALASIA
-------------------------- -----------------------------------------
b) Initial notification
/Amendment INITIAL NOTIFICATION
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
-------------------------- -----------------------------------------
b) LEI 549300DFVPOB67JL3A42
-------------------------- -----------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
-------------------------- -----------------------------------------
b) Nature of the transaction CONDITIONAL AWARD VESTING UNDER LONG
TERM INCENTIVE PLAN (including Dividend
Roll-up Shares)
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 5,607
----------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 5,607
- Price NOT APPLICABLE
-------------------------- -----------------------------------------
e) Date of the transaction 15 February 2021
-------------------------- -----------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
-------------------------- -----------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name DOMINIC JAMES BRISBY
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status PDMR - DIVISION DIRECTOR AMERICAS,
AFRICA, ASIA AND AUSTRALASIA
---------------------------- -------------------------------------
b) Initial notification
/Amendment INITIAL NOTIFICATION
---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
---------------------------- -------------------------------------
b) LEI 549300DFVPOB67JL3A42
---------------------------- -------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
---------------------------- -------------------------------------
b) Nature of the transaction CONDITIONAL AWARD LAPSED UNDER LONG
TERM INCENTIVE PLAN
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 30,011
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume 30,011
- Price NOT APPLICABLE
---------------------------- -------------------------------------
e) Date of the transaction 15 February 2021
---------------------------- -------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
---------------------------- -------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name JOERG BIEBERNICK
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status PDMR - DIVISION DIRECTOR, EUROPE
-------------------------- -----------------------------------------
b) Initial notification
/Amendment INITIAL NOTIFICATION
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
-------------------------- -----------------------------------------
b) LEI 549300DFVPOB67JL3A42
-------------------------- -----------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
-------------------------- -----------------------------------------
b) Nature of the transaction CONDITIONAL AWARD VESTING UNDER LONG
TERM INCENTIVE PLAN (including Dividend
Roll-up Shares)
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 5,358
----------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 5,358
- Price NOT APPLICABLE
-------------------------- -----------------------------------------
e) Date of the transaction 15 February 2021
-------------------------- -----------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
-------------------------- -----------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name JOERG BIEBERNICK
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status PDMR - DIVISION DIRECTOR, EUROPE
---------------------------- -------------------------------------
b) Initial notification
/Amendment INITIAL NOTIFICATION
---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
---------------------------- -------------------------------------
b) LEI 549300DFVPOB67JL3A42
---------------------------- -------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
---------------------------- -------------------------------------
b) Nature of the transaction CONDITIONAL AWARD LAPSED UNDER LONG
TERM INCENTIVE PLAN
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 28,677
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume 28,677
- Price NOT APPLICABLE
---------------------------- -------------------------------------
e) Date of the transaction 15 February 2021
---------------------------- -------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
---------------------------- -------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name WALTER NORBERT PRINZ
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status PDMR - GROUP MANUFACTURING AND SUPPLY
CHAIN DIRECTOR
-------------------------- -----------------------------------------
b) Initial notification
/Amendment INITIAL NOTIFICATION
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
-------------------------- -----------------------------------------
b) LEI 549300DFVPOB67JL3A42
-------------------------- -----------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
-------------------------- -----------------------------------------
b) Nature of the transaction CONDITIONAL AWARD VESTING UNDER LONG
TERM INCENTIVE PLAN (including Dividend
Roll-up Shares)
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 6,058
----------
-------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 6,058
- Price NOT APPLICABLE
-------------------------- -----------------------------------------
e) Date of the transaction 15 February 2021
-------------------------- -----------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
-------------------------- -----------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name WALTER NORBERT PRINZ
--------------------------- --------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status PDMR - GROUP MANUFACTURING AND SUPPLY
CHAIN DIRECTOR
--------------------------- --------------------------------------
b) Initial notification
/Amendment INITIAL NOTIFICATION
--------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
--------------------------- --------------------------------------
b) LEI 549300DFVPOB67JL3A42
--------------------------- --------------------------------------
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 ORDINARY SHARES
Identification code GB0004544929
--------------------------- --------------------------------------
b) Nature of the transaction CONDITIONAL AWARD LAPSED UNDER LONG
TERM INCENTIVE PLAN
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 32,422
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 32,422
- Price NOT APPLICABLE
--------------------------- --------------------------------------
e) Date of the transaction 15 February 2021
--------------------------- --------------------------------------
f) Place of the transaction OUTSIDE A TRADING VENUE
--------------------------- --------------------------------------
Trevor Williams
Deputy Company Secretary
Copies of our announcements are available on our website:
www.imperialbrandsplc.com/Investors/Stock-Exchange-announcements
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END
DSHXVLFFFLLFBBE
(END) Dow Jones Newswires
February 18, 2021 08:16 ET (13:16 GMT)
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