Imperial Brands PLC Director/PDMR Shareholding (8581Q)
March 02 2021 - 5:00AM
UK Regulatory
TIDMIMB
RNS Number : 8581Q
Imperial Brands PLC
02 March 2021
2 March 2021
IMPERIAL BRANDS PLC
(THE "COMPANY")
Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42
NOTIFICATION OF TRANSACTIONS OF DIRECTOR/PDMR
Recruitment Award
On 1 March 2021, the Company's new Group Manufacturing and
Supply Chain Director, Javier Huerta, was granted a nil-cost option
award (the "Recruitment Award") over ordinary shares of 10 pence
each in the Company ("Shares").
The Recruitment Award has been granted in order to facilitate
Javier Huerta's recruitment, and to replace certain share awards
granted to him by his former employer, Unilever plc, and which he
forfeited on joining the Company.
The Recruitment Award has been granted over 50,246 Shares, which
has been set by reference to the value of the forfeited awards and
the 3-day average closing price of the Company's shares immediately
prior to the date of joining.
In order to replicate the terms of Javier Huerta's forfeited
awards, the Recruitment Award is split into six tranches, as
follows:
Number of Expected Original Unilever share award
Shares Vesting replaced
Date
5,243 25 March Award of shares granted under
2021 the Unilever Management Co-Investment
Plan due to vest on 25 March
2021
------------ ---------------------------------------
19,092 25 March Award of shares granted under
2021 the Unilever Management Co-Investment
Plan due to vest on 25 March
2021
------------ ---------------------------------------
1,957 9 February Award of shares granted under
2022 the Unilever Management Co-Investment
Plan due to vest on 9 February
2022
------------ ---------------------------------------
14,044 9 February Award of shares granted under
2022 the Unilever Management Co-Investment
Plan due to vest on 9 February
2022
------------ ---------------------------------------
7,797 14 February Award of shares granted under
2023 the Unilever Management Co-Investment
Plan due to vest on 14 February
2023
------------ ---------------------------------------
2,113 15 February Award of shares granted under
2023 the Unilever Management Co-Investment
Plan due to vest on 15 February
2023
------------ ---------------------------------------
The vesting of the Recruitment Award (and each tranche thereof)
is subject to Javier Huerta's continued service with the
Company.
As at the date of this announcement, the Company has 946,408,101
Shares in issue (excluding shares held in Treasury).
This announcement is made in accordance with the requirements of
Market Abuse Regulation Article 19.
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; (iv) each place where
transactions have been conducted
------------------------------------------------------------------------
a) Description ORDINARY SHARES
of the financial
instrument,
type of instrument
------------------------------------------------
Identification GB0004544929
code
---------------------- ------------------------------------------------
b) Nature of GRANT OF A NIL COST OPTION AWARD WHICH
the transaction VESTS IN SIX TRANCHES, TWO ON 25 MARCH
2021, TWO ON 9 FEBRUARY 2022, 14 FEBRUARY
2023 AND 15 FEBRUARY 2023 SUBJECT TO CONTINUED
SERVICE.
---------------------- ------------------------------------------------
Price(s) and Price(s) Volume(s)
volume(s) Nil 50,246
----------
---------------------- ------------------------------------------------
d) Aggregated Aggregate Price Aggregate
information Volume
Nil 50,246
----------
---------------------- ------------------------------------------------
e) Date of the 1 MARCH 2021
transaction
---------------------- ------------------------------------------------
f) Place of the OUTSIDE A TRADING VENUE
transaction
---------------------- ------------------------------------------------
Exercise of Long Term Incentive Plan Award and sale to cover tax
liabilities.
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 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 EXERCISE OF OPTIONS IN RESPECT OF
THE LONG TERM INCENTIVE PLAN
--------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
NOT APPLICABLE 11,184
----------
--------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 11,184
NOT APPLICABLE
- Price
--------------------------- --------------------------------------
e) Date of the transaction 1 MARCH 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 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 SALE OF VESTED SHARES TO COVER INCOME
TAX ON EXERCISING OF LONG TERM INCENTIVE
PLAN
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 13.660568 5,281
----------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume 5,281
GBP 72,141.46
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 1 MARCH 2021
-------------------------- ------------------------------------------
f) Place of the transaction XLON - LONDON STOCK EXCHANGE
-------------------------- ------------------------------------------
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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