Director/PDMR Shareholding
Director/PDMR Shareholding
Cranswick plc ("the Company")
The Company has been notified that the awards of LTIP nil-cost options summarised in the table below has been made, pursuant to the Cranswick Long Term Incentive Plan (the "LTIP"). The awards have been granted over ordinary shares of 10 pence each in the Company ("Ordinary Shares").
In accordance with the Directors' Remuneration Policy, each Executive Director has been granted a "Core LTIP Award" and an "Exceptional Performance LTIP Award".
Name
No. of Ordinary Shares subject to Core LTIP Award
No. of Ordinary Shares subject to Exceptional Performance LTIP Award
Adam Couch
36,630
18,315
Mark Bottomley
21,900
5,475
Jim Brisby
21,900
5,475
Chris Aldersley
21,900
5,475
The awards were granted on 1 June 2026 in accordance with the LTIP and are based on a share price of 5523.33 pence per Ordinary Share, being the average quoted market price of the Company's shares on the three dealing days prior to the date of grant.
Each person has also been granted a tax qualifying option over 360 Ordinary Shares at an exercise price of 5523.33 pence per Ordinary Share as part of their award. These tax qualifying options are linked to the Core LTIP Award such that, at the time of exercise, to the extent that there is a gain in the tax qualifying option, the Core LTIP Award will be forfeited to the value of that gain.
Vesting of the LTIP options under the Core LTIP Award is subject to the achievement of performance criteria based on growth in Earnings per Share ("EPS") (as regards 50% of each award) and Return on Capital Employed ("ROCE") (as regards 50% of each award).
Vesting of LTIP options under the Exceptional Performance LTIP Award is subject to the achievement of performance criteria based on relative Total Shareholder Return ("TSR").
The targets applying to each element are as follows.
Target
EPS
Threshold
340.6 pence per ordinary share
Maximum
394.6 pence per ordinary share
ROCE
Threshold
17 per cent
Maximum
19 per cent
TSR
Threshold
75th percentile
Maximum
90th percentile
Notes
Threshold performance results in 25% of that element vesting.
TSR performance will be measured against companies in the FTSE 250 Index (excluding investment trusts).
Enquiries:
Steven Glover, Company Secretary tel: 01482 275000
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
Christopher Aldersley
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
Cranswick plc
b)
LEI
549300LDZLPU51XOSK43
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
Ordinary shares of 10 pence each
GB0002318888
b)
Nature of the transaction
Grant of LTIP awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Grant of Core LTIP Award
0p
21,900
Grant of Exceptional Performance LTIP Award
0p
5,475
Grant of CSOP Option
5523.33p
360
d)
Aggregated information
- Aggregated volume
- Price
- Purpose
n/a
n/a
Option Grant
e)
Date of the transaction
1 June 2026
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
John Mark Bottomley
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
Cranswick plc
b)
LEI
549300LDZLPU51XOSK43
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
Ordinary shares of 10 pence each
GB0002318888
b)
Nature of the transaction
Grant of LTIP awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Grant of Core LTIP Award
0p
21,900
Grant of Exceptional Performance LTIP Award
0p
5,475
Grant of CSOP Option
5523.33p
360
d)
Aggregated information
- Aggregated volume
- Price
- Purpose
n/a
n/a
Option Grant
e)
Date of the transaction
1 June 2026
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
James Robert Brisby
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
Cranswick plc
b)
LEI
549300LDZLPU51XOSK43
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
Ordinary shares of 10 pence each
GB0002318888
b)
Nature of the transaction
Grant of LTIP awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Grant of LTIP Option
0p
21,900
Grant of Exceptional Performance LTIP Award
0p
5,475
Grant of CSOP Option
5523.33p
360
d)
Aggregated information
- Aggregated volume
- Price
- Purpose
n/a
n/a
Option Grant
e)
Date of the transaction
1 June 2026
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
Adam Hartley Couch
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
Cranswick plc
b)
LEI
549300LDZLPU51XOSK43
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
Ordinary shares of 10 pence each
GB0002318888
b)
Nature of the transaction
Grant of LTIP awards
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Grant of Core LTIP Option
0p
36,630
Grant of Exceptional Performance LTIP Award
0p
18,315
Grant of CSOP Option
5523.33p
360
d)
Aggregated information
- Aggregated volume
- Price
- Purpose
n/a
n/a
Option Grant
e)
Date of the transaction
1 June 2026
f)
Place of the transaction
Outside a Trading Venue
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