REG-Fuller, Smith & Turner PLC Fuller, Smith & Turner PLC: Director/PDMR Shareholding
16/01/2020 14:50
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Fuller, Smith & Turner PLC (FSTA)
Fuller, Smith & Turner PLC: Director/PDMR Shareholding
16-Jan-2020 / 14:45 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Fuller, Smith & Turner P.L.C.
Share Scheme Awards and Adjustments
At its meeting on 15 January 2020, the Remuneration Committee made awards under the Company's Long-Term Incentive Plan
("LTIP") which included the notifiable awards set out below.
All awards are over a combination of both 40p 'A' ordinary and 4p 'B' ordinary shares.
The calculation of the awards was based on the closing price as at 14 January 2020, being £9.61 for 'A' shares and
£0.961 (notionally) for 'B' shares.
At the same meeting, the Remuneration Committee granted options under the Company's Executive Share Option Scheme
("ESOS") which included the notifiable awards set out below.
The options granted are over 40p 'A' ordinary shares and the option price was based on the closing price as at 14
January 2020, being £9.61.
An award amounts to a contractual right to acquire an interest in shares, provided the director remains an employee at
the third anniversary of the grant (the normal vesting date), and only to the extent that the performance condition
attached to the scheme is met. These criteria are based on a sliding scale which may result in less than the full award
vesting.
As explained in the circular dated 6 September 2019 issued to shareholders in connection with the Return of Capital
following the Disposal of the Fuller's Beer Business, the Remuneration Committee also adjusted awards subsisting under
the LTIP on 1st October 2019 (being the record date for the for participating in the Return of Capital) to reflect the
value the participants would otherwise have received. The price used to determine the additional number of shares was
the closing 'A' share price on 1 October 2019 (being £11.975) less the per share value of the Return of capital (being
£1.25). This amounted to £10.725 for A ordinary shares under award and £1.0725 for B ordinary shares under award. The
adjustments included the notifiable awards set out below.
Finally, the Remuneration Committee also adjusted the award made in August 2019 under the Company's Deferred Bonus Plan
on the same basis as for the LTIP above. The adjustment included the notifiable award set out below.
Enquiries:
Severine Bequin
020 8996 2073
Company Secretary
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 Simon Emeny
2. Reason for the notification
a) Position/status CEO
b) Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Fuller, Smith & Turner P.L.C.
a) Name
213800C7ACOFMRCQQW76
b) LEI
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 ordinary Shares of 40p each
Description of the financial instrument, type B Ordinary Shares of 4p each
of instrument
a)
Identification code
A shares - GB00B1YPC344
B shares- unlisted
Award made under the Fuller, Smith & Turner P.L.C. Long Term Incentive
b) Nature of the transaction Plan 2018
Price Volume
c) Price(s) and volume(s) A shares Share Price B shares Share Price
LTIP22 45,785 £9.61 114,464 £0.961
Aggregated
As Above
d) information
Aggregated volume As above
Price As Above
15/01/2020
e) Date of the transaction
Outside a trading venue
f) Place of the transaction
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Simon Emeny
2. Reason for the notification
CEO
a) Position/status
b) Initial notification/Amendment Amendment
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Fuller, Smith & Turner P.L.C.
a) Name
213800C7ACOFMRCQQW76
b) LEI
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 ordinary Shares of 40p each
Description of the financial
instrument, type of instrument B Ordinary Shares of 4p each
a)
Identification code A shares - GB00B1YPC344
B shares- unlisted
Adjustment of existing award under Fuller, Smith & Tuner P.L.C. Long Term Incentive
b) Nature of the transaction Plan 2008
Price Volume
A Share Original B Share
Original number Increase in the Price for number Increase in Price for
of A shares number of A the of B the number the
under award shares under purpose of shares of B shares purpose of
award adjustment under under award adjustment
c) Price(s) and volume(s) award
LTIP20 £10.725 £1.0725
36,595 4,265 91,489 10,663
LTIP21 £10.725 £1.0725
40,000 4,662 100,000 11,655
TOTAL
76,595 8,927 191,489 22,318
Aggregated information As Above
d) Aggregated volume As Above
Price As Above
15/01/20
e) Date of the transaction
Outside of a trading venue
f) Place of the transaction
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Simon Emeny
2. Reason for the notification
CEO
a) Position/status
b) Initial notification/Amendment Amendment
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
monitor
Fuller, Smith & Turner P.L.C.
a) Name
213800C7ACOFMRCQQW76
b) LEI
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
Description of the financial A Ordinary Shares of 40p each
instrument, type of instrument
a)
Identification code
GB00B1YPC344
b) Nature of the transaction Adjustment of existing award under Fuller, Smith & Tuner P.L.C.
Deferred Bonus Plan
Price Volume
Original number of A Increase in the number of A Share Price for
c) Price(s) and volume(s) shares under award A shares under award the purpose of
adjustment
DBP19 4,424 515 £10.725
Aggregated information
As Above
d)
Aggregated volume As Above
Price As Above
15/01/20
e) Date of the transaction
Outside of a trading venue
f) Place of the transaction
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Adam Councell
2. Reason for the notification
Finance Director
a) Position/status
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Fuller, Smith & Turner P.L.C.
a) Name
213800C7ACOFMRCQQW76
b) LEI
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 ordinary Shares of 40p each
Description of the financial instrument, type
of instrument B Ordinary Shares of 4p each
a)
Identification code A shares - GB00B1YPC344
B shares- unlisted
Award made under the Fuller, Smith & Turner P.L.C. Long Term Incentive
b) Nature of the transaction Plan 2018
Price Volume
A shares Share Price B shares Share Price
c) Price(s) and volume(s) LTIP22 28,844 £9.61 72,112 £0.961
Aggregated information
As Above
d)
Aggregated volume As Above
Price As Above
e) Date of the transaction 15/01/20
f) Place of the transaction Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Adam Councell
2. Reason for the notification
Finance Director
a) Position/status
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Fuller, Smith & Turner P.L.C.
a) Name
213800C7ACOFMRCQQW76
b) LEI
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
Description of the financial instrument, type of A ordinary Shares of 40p each
instrument
a)
Identification code
GB00B1YPC344
Option granted under the Fuller Smith & Turner P.L.C. Executive
b) Nature of the transaction Share Option Scheme 2018
Price Volume
A shares Share Price
c) Price(s) and volume(s) ESOS19 3,121 £9.61
Aggregated information
As Above
d)
Aggregated volume As Above
Price As Above
15/01/20
e) Date of the transaction
f) Place of the transaction Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Fred Turner
2. Reason for the notification
Retail Director
a) Position/status
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Fuller, Smith & Turner P.L.C.
a) Name
213800C7ACOFMRCQQW76
b) LEI
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 ordinary Shares of 40p each
Description of the financial instrument, type B Ordinary Shares of 4p each
of instrument
a)
A shares - GB00B1YPC344
Identification code
B shares- unlisted
Award made under the Fuller, Smith & Turner P.L.C. Long Term Incentive
b) Nature of the transaction Plan 2018
Price Volume
c) Price(s) and volume(s) A shares Share Price B shares Share Price
LTIP22 13,735 £9.61 34,339 £0.961
Aggregated information
As Above
d)
Aggregated volume As Above
Price As Above
15/01/20
e) Date of the transaction
Outside a trading venue
f) Place of the transaction
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Fred Turner
2. Reason for the notification
Retail Director
a) Position/status
b) Initial Amendment
notification/Amendment
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Fuller, Smith & Turner P.L.C.
a) Name
213800C7ACOFMRCQQW76
b) LEI
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 ordinary Shares of 40p each
Description of the B Ordinary Shares of 4p each
financial instrument, type
of instrument
a)
A shares - GB00B1YPC344
Identification code B shares- unlisted
Adjustment of existing award under Fuller, Smith & Tuner P.L.C. Long Term Incentive Plan
b) Nature of the transaction 2008
Price Volume
Original A Share Original Increase in B Share
number of A Increase in the Price for number of the number of Price for
shares under number of A shares the purpose B shares B shares under the purpose
award under award of under award of
c) Price(s) and volume(s) adjustment award adjustment
LTIP20 569 £10.725 £1.0725
4,883 12,209 1,422
LTIP21 144 £10.725 £1.0725
1,237 3,094 360
TOTAL 6120 713
15,303 1,782
Aggregated information
As Above
d)
Aggregated volume As Above
Price As Above
e) Date of the transaction 15/01/20
Outside of a trading venue
f) Place of the transaction
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Fred Turner
2. Reason for the notification
Retail Director
a) Position/status
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Fuller, Smith & Turner P.L.C.
a) Name
213800C7ACOFMRCQQW76
b) LEI
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 ordinary Shares of 40p each
Description of the financial instrument, type of
instrument
a) A shares - GB00B1YPC344
Identification code
-Option Granted under the Fuller, Smith & Turner P.L.C. Executive
Share Option Scheme 2018
b) Nature of the transaction
Price Volume
A shares Share Price
c) Price(s) and volume(s) ESOS19 £9.61
520
Aggregated information
As Above
d)
Aggregated volume As Above
Price As Above
e) Date of the transaction 15/01/20
f) Place of the transaction Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Richard Fuller
2. Reason for the notification
Corporate Affairs Director
a) Position/status
b) Initial Amendment
notification/Amendment
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Fuller, Smith & Turner P.L.C.
a) Name
213800C7ACOFMRCQQW76
b) LEI
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 ordinary Shares of 40p each
Description of the B Ordinary Shares of 4p each
financial instrument, type
of instrument
a)
Identification code A shares - GB00B1YPC344
B shares- unlisted
Adjustment of existing award under Fuller, Smith & Tuner P.L.C. Long Term Incentive Plan
b) Nature of the transaction 2008
Price Volume
Original A Share Price Original Increase in B Share
number of A Increase in the for the number of the number Price for
shares under number of A shares purpose of B shares of B shares the purpose
award under award adjustment under under award of
award adjustment
c) Price(s) and volume(s) LTIP20 1,376 £10.725 29,521 £1.0725
11,808 3,440
LTIP21 1,504 £10.725 32,267 £1.0725
12,906 3,760
TOTAL 2,880 61,788
24,714 7,200
Aggregated information
As Above
d)
Aggregated volume As Above
Price As Above
e) Date of the transaction 15/01/20
Outside of a trading venue
f) Place of the transaction
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ISIN: GB00B1YPC344
Category Code: DSH
TIDM: FSTA
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 41093
EQS News ID: 955433
End of Announcement EQS News Service
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