Pendragon PLC
(“the Company”)
Notification of
Transactions by Persons Discharging Managerial Responsibilities
(“PDMRs”)
Awards under the
Pendragon Value Creation Plan (“VCP”)
Following approval of the Pendragon Value Creation Plan at the
Annual General Meeting on 27 April
2017 the Company has today made awards under the Pendragon
Value Creation Plan to the directors of the Company listed
below.
Under the awards, participants will be granted a nil cost option
over such number of shares that deliver a share in 10% of the value
created for shareholders over four years (to 31 December 2020) above a threshold return level
of 10% p.a. compound above the starting price of 30.16p, being the
average share price for the three months preceding the start of the
2017 financial year. Any awards which vest after the four
year period will be subject to a further one year holding
period.
Full details of the Pendragon Value Creation Plan are available
in the Company’s 2016 Annual Report available on the Company’s
website (www.pendragonplc.com).
The number of shares under the nil cost option will be
determined at the end of four years and will be calculated at that
time by reference to the director’s percentage entitlement to the
growth in value below.
Director |
Position |
Percentage entitlement of 10%
pool |
Percentage entitlement of growth
in value |
Trevor Finn |
Chief Executive |
30% |
3% |
Martin Casha |
Chief Operating Officer |
20% |
2% |
Tim Holden |
Finance Director |
10% |
1% |
Notification of Deal Forms of each PDMR can be found below.
1. |
Details
of the person discharging managerial responsibilities/persons
closely associated |
a) |
Name |
Trevor Finn |
2. |
Reason
for notification |
a) |
Position/Status |
Chief Executive |
b) |
Initial
notification/amendment |
Initial
notification |
3. |
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor |
a) |
Name |
Pendragon PLC |
b) |
LEI |
213800VRSPZFOGMMIS18 |
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 and identification
code |
Ordinary
Shares of £0.05 each in the capital of Pendragon PLC
ISIN: GB00B1JQBT10 |
b) |
Nature of
transaction |
Grant of options under
the Pendragon Value Creation Plan |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
Nil payable on
grant |
Such number of shares
as equals 3% of the growth in value above a 10% CAGR over 4 years
to 31 December 2020 |
|
d) |
Aggregated
Information |
n/a |
e) |
Date of
transaction |
26 May 2017 |
f) |
Place of
transaction |
London Stock Exchange
(XLON) |
1. |
Details
of the person discharging managerial responsibilities/persons
closely associated |
a) |
Name |
Martin Casha |
2. |
Reason
for notification |
a) |
Position/Status |
Chief Operating
Officer |
b) |
Initial
notification/amendment |
Initial
notification |
3. |
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor |
a) |
Name |
Pendragon PLC |
b) |
LEI |
213800VRSPZFOGMMIS18 |
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 and identification
code |
Ordinary
Shares of £0.05 each in the capital of Pendragon PLC
ISIN: GB00B1JQBT10 |
b) |
Nature of
transaction |
Grant of options under
the Pendragon Value Creation Plan |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
Nil payable on grant |
Such number of shares as equals 2%
of the growth in value above a 10% CAGR over 4 years to 31 December
2020 |
|
d) |
Aggregated
Information |
n/a |
e) |
Date of
transaction |
26 May 2017 |
f) |
Place of
transaction |
London Stock Exchange
(XLON) |
1. |
Details
of the person discharging managerial responsibilities/persons
closely associated |
a) |
Name |
Tim Holden |
2. |
Reason
for notification |
a) |
Position/Status |
Finance Director |
b) |
Initial
notification/amendment |
Initial
notification |
3. |
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor |
a) |
Name |
Pendragon PLC |
b) |
LEI |
213800VRSPZFOGMMIS18 |
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 and identification
code |
Ordinary
Shares of £0.05 each in the capital of Pendragon PLC
ISIN: GB00B1JQBT10 |
b) |
Nature of
transaction |
Grant of options under
the Pendragon Value Creation Plan |
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
Nil payable on grant |
Such number of shares as equals 1%
of the growth in value above a 10% CAGR over 4 years to 31 December
2020 |
|
d) |
Aggregated
Information |
n/a |
e) |
Date of
transaction |
26 May 2017 |
f) |
Place of
transaction |
London Stock Exchange
(XLON) |
RICHARD MALONEY
COMPANY SECRETARY
26 MAY
2017
Enquiries:
Pendragon
PLC
Trevor
Finn
Tel: 01623 725114
Tim Holden
RLM
Finsbury
Gordon
Simpson
Tel: 0207 2513801
-ENDS-