REG - Cranswick PLC - Director/PDMR Shareholding
03/06/2025 15:30
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RNS Number : 2717L Cranswick PLC 03 June 2025
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 36,845 18,425
Mark Bottomley 22,030 5,510
Jim Brisby 22,030 5,510
Chris Aldersley 22,030 5,510
The awards were granted on 1 June 2025 in accordance with the LTIP and are
based on a share price of 5290 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.
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 312.9 pence per ordinary share
Maximum 362.5 pence per ordinary share
ROCE Threshold 17 per cent
Maximum 19 per cent
TSR Threshold 75(th) percentile
Maximum 90(th) 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 Ordinary shares of 10 pence each
Identification code
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 22,030
Grant of Exceptional Performance LTIP Award 0p 5,510
d) Aggregated information
- Aggregated volume n/a
- Price n/a
- Purpose Option Grant
e) Date of the transaction 1 June 2025
f) Place of the transaction Outside a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
- Purpose
n/a
n/a
Option Grant
e)
Date of the transaction
1 June 2025
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 Ordinary shares of 10 pence each
Identification code
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 22,030
Grant of Exceptional Performance LTIP Award 0p 5,510
d) Aggregated information
- Aggregated volume n/a
- Price n/a
- Purpose Option Grant
e) Date of the transaction 1 June 2025
f) Place of the transaction Outside a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
- Purpose
n/a
n/a
Option Grant
e)
Date of the transaction
1 June 2025
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 Ordinary shares of 10 pence each
Identification code
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 22,030
Grant of Exceptional Performance LTIP Award 0p 5,510
d) Aggregated information
- Aggregated volume n/a
- Price n/a
- Purpose Option Grant
e) Date of the transaction 1 June 2025
f) Place of the transaction Outside a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
- Purpose
n/a
n/a
Option Grant
e)
Date of the transaction
1 June 2025
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 Ordinary shares of 10 pence each
Identification code
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 36,845
Grant of Exceptional Performance LTIP Award 0p 18,425
d) Aggregated information
- Aggregated volume n/a
- Price n/a
- Purpose Option Grant
e) Date of the transaction 1 June 2025
f) Place of the transaction Outside a Trading Venue
d)
Aggregated information
- Aggregated volume
- Price
- Purpose
n/a
n/a
Option Grant
e)
Date of the transaction
1 June 2025
f)
Place of the transaction
Outside a Trading Venue
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