McCarthy & Stone PLC Director/PDMR Shareholding (9108V)
April 11 2019 - 6:06AM
UK Regulatory
TIDMMCS
RNS Number : 9108V
McCarthy & Stone PLC
11 April 2019
11 April 2019
McCarthy & Stone plc (the "Company")
Notification of Transactions by
Persons Discharging Managerial Responsibilities
Pursuant to the notification obligations under article 19.3 of
the Market Abuse Regulation, the Company announces the following
changes in the interests of directors and persons discharging
managerial responsibilities ("PDMRs") in the ordinary shares of 8
pence nominal value in the Company ("Shares").
McCarthy & Stone plc Long Term Incentive Plan
On 11 April 2019, awards under the Company's Long Term Incentive
Plan (the "LTIP") were made as set out below.
The awards were made as nil-cost options and are subject to the
rules of the LTIP and will vest depending on performance against
Earnings per Share ("EPS") and Return on Capital Employed ("ROCE")
targets.
The performance conditions and targets for this LTIP grant
are:
-- FY21 ROCE - Threshold: 14%, Target: 17%, Maximum: 20%;
-- FY21 EPS - Threshold: 11.9.p, Target: 14.2p, Maximum: 16.6p.
The normal date of vesting for these nil-cost options will be 11
April 2022 and the last date for exercise will be 11 April 2029,
with dividend equivalents payable in respect of the vesting of
nil-cost options in accordance with the rules of the LTIP. These
awards will be subject to a two-year post-vesting holding
period.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Nigel Turner
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer - Build
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer
-----------------------------------------------------------------------------------------------------------------
a) Name McCarthy & Stone plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800CEJ4OQ5YPU8Z37
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary Shares of 8 pence nominal value each
instrument
Identification code GB00BYNVD082
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of nil-cost option over Ordinary Shares under
the McCarthy & Stone plc Long Term Incentive
Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00. 344,037
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume 344,037
- Price
GBP0.00
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2019-04-11
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Mike Lloyd
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer - Services and Customers
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer
-----------------------------------------------------------------------------------------------------------------
a) Name McCarthy & Stone plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800CEJ4OQ5YPU8Z37
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary Shares of 8 pence nominal value each
instrument
Identification code GB00BYNVD082
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of nil-cost option over Ordinary Shares under
the McCarthy & Stone plc Long Term Incentive
Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 344,037
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume 344,037
- Price
GBP0.00
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2019-04-11
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
For further information, please contact:
Patrick Hole
Group General Counsel and Company Secretary
Telephone : 01202 508040
-- Ends --
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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