REG - Cineworld Group plc - Long Term Incentive Plan Awards

CineworldAnnouncement

15/04/2020 16:55

RNS Number : 7933J
  
Cineworld Group plc
  
15 April 2020
  
 

CINEWORLD GROUP PLC (the "Company")
Long Term Incentive Plan Awards
The Company announces that, on 14 April 2020, awards over ordinary shares ("Awards") were granted to a number of Senior Employees in the Cineworld Group, including in the US, the UK, and in Rest of World territories, in line with the Company's annual process for granting Awards under the Cineworld Group plc 2017 Long Term Incentive Plan (the "LTIP") (the "Grant").
The Awards granted pursuant to the LTIP were structured as nil cost options to acquire Shares or conditional awards, and no consideration was paid for the grant of an Award.  
The vesting of an Award is ordinarily subject to continued employment of the participant, and satisfactory performance of the participant over a three-year vesting period.  Vesting for the "persons discharging managerial responsibilities" ("PDMRs") listed below is also subject to the satisfaction of performance conditions over the three-year period, as set by the Remuneration Committee of the Company.
The Grant included Awards to the following individuals, each of whom is a PDMR as such term is defined in the Market Abuse Regulation (2014/596/EU) ("MAR"), and the Company has today received notifications pursuant to the requirements of Article 19(1) of MAR in respect of those Awards:



PDMR


Number of Options under the Award Granted pursuant to the LTIP




Moshe Greidinger (Director)


1,672,061




Israel Greidinger (Director)


1,340,302




Nisan Cohen (Director)


786,266




Renana Teperberg (Director)


786,266




Matthew Eyre 


357,645



The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the grant of the Awards listed above are set out below.
This announcement is made pursuant to the Company's obligations under Article 19(3) of MAR.
 
Fiona Smith
Company Secretary
 
LEI: 213800J2J3TOOI176M73
 




 
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 


Moshe Greidinger 




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Director  




b) 
 


Initial notification /Amendment 
 


Initial Notification 




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a) 
 


Name 


Cineworld Group plc 




b) 
 


LEI 


213800J2J3TOOI176M73




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 
 


Identification code 


 
Options over ordinary shares of £0.01 each in Cineworld Group plc
 
GB00B15FWH70
 




b)


Nature of the transaction 


Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.




c) 


Price(s) and volume(s) 





Price(s)
 


Volume(s)




Nil
 


1,672,061



 
 




d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 
 


 
Single transaction as noted in 4 c) above
 




e)


Date of the transaction 


14 April 2020




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 


Israel Greidinger 




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Director  




b) 
 


Initial notification /Amendment 
 


Initial Notification 




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a) 
 


Name 


Cineworld Group plc 




b) 
 


LEI 


213800J2J3TOOI176M73




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 
 


Identification code 


 
Options over ordinary shares of £0.01 each in Cineworld Group plc
 
GB00B15FWH70
 




b)


Nature of the transaction 


Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.




c) 


Price(s) and volume(s) 





Price(s)
 


Volume(s)




Nil


1,340,302



 
 




d) 
 


Aggregated information 
 
- Aggregated volume 
 
- Price 
 
 


 
Single transaction as noted in 4 c) above




e)


Date of the transaction 


14 April 2020




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 


Nisan Cohen




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Director  




b) 
 


Initial notification /Amendment 
 


Initial Notification 




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a) 
 


Name 


Cineworld Group plc 




b) 
 


LEI 


213800J2J3TOOI176M73




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 
 


Identification code 


 
Options over ordinary shares of £0.01 each in Cineworld Group plc
 
GB00B15FWH70
 




b)


Nature of the transaction 


Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.




c) 


Price(s) and volume(s) 





Price(s)
 


Volume(s)




Nil


786,266



 
 




d) 
 


Aggregated information 
 
- Aggregated volume 
 
- Price 
 
 


 
Single transaction as noted in 4 c) above
 




e)


Date of the transaction 


14 April 2020




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 


Renana Teperberg 




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Director 




b) 
 


Initial notification /Amendment 
 


Initial Notification 




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a) 
 


Name 


Cineworld Group plc 




b) 
 


LEI 


213800J2J3TOOI176M73




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 
 


Identification code 


 
Options over ordinary shares of £0.01 each in Cineworld Group plc
 
GB00B15FWH70
 




b)


Nature of the transaction 


Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.




c) 


Price(s) and volume(s) 





Price(s)
 


Volume(s)




Nil


786,266



 
 




d) 
 


Aggregated information 
 
- Aggregated volume 
 
- Price 
 
 


 
Single transaction as noted in 4 c) above
 




e)


Date of the transaction 


14 April 2020




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 


Matthew Eyre 




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


PDMR




b) 
 


Initial notification /Amendment 
 


Initial Notification 




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 




a) 
 


Name 


Cineworld Group plc 




b) 
 


LEI 


213800J2J3TOOI176M73




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 
 


Identification code 


 
Options over ordinary shares of £0.01 each in Cineworld Group plc
 
GB00B15FWH70
 




b)


Nature of the transaction 


Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as a conditional award.




c) 


Price(s) and volume(s) 





Price(s)
 


Volume(s)




Nil


357,645



 
 




d) 
 


Aggregated information 
 
- Aggregated volume 
 
- Price 
 
 


 
Single transaction as noted in 4 c) above
 




e)


Date of the transaction 


14 April 2020




f) 


Place of the transaction 


Outside a trading venue



 


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