REG - C&C Group Plc - Grant of LTIP Awards

C&CAnnouncement

20/01/2025 14:15

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RNS Number : 9962T  C&C Group Plc  20 January 2025

C&C Group plc

 

("C&C" or "the Group")

 

Grant of awards under 2024 Long-Term Incentive Plan ("LTIP")

 

C&C, the vertically integrated premium branded drinks group and leading
drinks distributor to the UK and Ireland hospitality sectors, announces that
on 20 January 2025, and following the approval of the Board's Remuneration
Committee, it granted awards under and subject to the rules of the Group's
2024 LTIP (the "Awards") to Roger White, appointed to the Board of C&C as
Chief Executive Officer with effect from 20 January 2025, and to Andrew
Andrea, the Group's Chief Financial and Transformation Officer.

 

The Awards will vest subject to the satisfaction of a share price performance
condition assessed over the period ending 19 January 2028 as set out in the
table below. Share price growth will be measured between a start price when
Roger White's appointment to the Board was announced and an end price at the
vesting date, in each case with an appropriate averaging period applied. The
Awards will be subject to a holding period of two years from vesting.

 

 Share Price Growth*              Extent to which the Performance Condition is satisfied
 10% or less than 10%             0%

 More than 10% but less than 35%  Calculated on a straight-line basis between 0% and 100%.

 35% or more than 35%             100%

*The detailed performance condition includes discretion for the Remuneration
Committee to take account of the impact on the share price of exceptional
matters outside of management's control.

 

Details of the Awards made to Roger White and Andrew Andrea are provided in
the below tables.

 

Notification 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                                        Roger White
 2   Reason for the notification

 a)  Position/status                             Person discharging managerial responsibilities (CEO)
 b)  Initial Notification Amendment              Initial Notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                        C&C Group plc
 b)  LEI                                         635400LNUHA2LDXXV850
 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 of €0.01 each

     type  of

     instrument

     Identification code                         ISIN: IE00B010DT83
 b)  Nature of the transaction                   Grant of Award under C&C Group plc 2024 LTIP.

 c)  Price(s) and volume(s)                      Price(s)  Volume(s)
                                                 Nil       664,168

 d)  Aggregated information

     - Aggregated volume

     - Price                                     N/A - single transaction

 e)  Date of the transaction                     20 January 2025
 f)  Place of the transaction                    Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

 

N/A - single transaction

 

 

e)

Date of the transaction

20 January 2025

f)

Place of the transaction

Outside a trading venue

 

 

 

Notification 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                                        Andrew Andrea
 2   Reason for the notification

 a)  Position/status                             Person discharging managerial responsibilities (CFTO)
 b)  Initial Notification Amendment              Initial Notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                        C&C Group plc
 b)  LEI                                         635400LNUHA2LDXXV850
 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 of €0.01 each

     type  of

     instrument

     Identification code                         ISIN: IE00B010DT83
 b)  Nature of the transaction                   Grant of Award under C&C Group plc 2024 LTIP.

 c)  Price(s) and volume(s)                      Price(s)  Volume(s)
                                                 Nil       299,727

 d)  Aggregated information

     - Aggregated volume

     - Price                                     N/A - single transaction

 e)  Date of the transaction                     20 January 2025
 f)  Place of the transaction                    Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

 

N/A - single transaction

 

 

e)

Date of the transaction

20 January 2025

f)

Place of the transaction

Outside a trading venue

 

 

 

ENQUIRIES

 

C&C Group plc

Email: investor.relations@candcgroup.ie
(mailto:investor.relations@candcgroup.ie)

 

Investors/Analysts & UK Media:

 

Instinctif Partners

Justine Warren / Tim Pearson / Amelia Thorn

 

Tel: +44 (0)20 7457 2020

Email: candccapmkts@instinctif.com (mailto:candccapmkts@instinctif.com)

 

Irish & Trade Media:

 

FTI Consulting

Jonathan Neilan / Paddy Berkery / Niamh O'Brien

 

Tel: +353 86 231 4135 / +353 86 602 5988 / +353 87 707 8379

Email: C&CGroup@fticonsulting.com (mailto:C&CGroup@fticonsulting.com)

 

 

About C&C Group plc

 

C&C Group plc is a leading, vertically integrated premium drinks company
which manufactures, markets and distributes branded beer, cider, wine,
spirits, and soft drinks across the UK and Ireland.

·      C&C Group's portfolio of owned/exclusive brands include
Bulmers, the leading Irish cider brand and Tennent's, the leading Scottish
beer brand; as well as a range of fast-growing, premium and craft ciders and
beers, such as Heverlee, Menabrea, Five Lamps and Orchard Pig. C&C exports
its Magners and Tennent's brands to over 40 countries worldwide.

·      C&C Group has owned brand and contract manufacturing/packing
operations in Co.Tipperary, Ireland and Glasgow, Scotland.

·      C&C is the No.1 drinks distributor to the UK and Ireland
hospitality sectors. Operating through the Matthew Clark, Bibendum, Tennent's
and Bulmers Ireland brands, the Group has a market leading range, scale and
reach including an intimate understanding of the markets it serves. Together
this provides a key route-to-market for major international beverage
companies.

 

C&C Group plc is an Irish incorporated FTSE 250 company headquartered in
Dublin and is listed on the London Stock Exchange.

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