REG-Fuller, Smith & Turner PLC Fuller, Smith & Turner PLC: Director/PDMR Shareholding
26/07/2023 18:30
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Fuller, Smith & Turner PLC (FSTA)
Fuller, Smith & Turner PLC: Director/PDMR Shareholding
26-Jul-2023 / 18:17 GMT/BST
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Fuller, Smith & Turner P.L.C.
(“the Company”)
Director/PDMR Shareholdings
This notification is made in accordance with the Market Abuse Regulation.
The Company annnounces that on 25 July 2023:
i. Conditional share awards were granted under the Company’s Long-Term
Incentive Plan 2020 (the “Plan”) to Executive Directors and persons
discharging managerial responsibilities (“PDMRs”) as set out in the
notifications below.
All awards are over a combination of both 40p ‘A’ Ordinary Shares and 4p
‘B’ Ordinary shares.
The calculation of the awards is based on the five day average price of
the middle market quotations ending 24 July 2023, being £5.852 for ‘A’
Ordinary Shares and £0.5852 (notionally) for ‘B’ Ordinary Shares.
Vesting of these awards is subject to the fulfilment of certain
performance conditions over the three-year period ending FY2026 (as
detailed in the 2023 Annual Report and Accounts) and continued employment.
All awards granted to Executive Directors are subject to a two-year
holding period. Under the Plan rules, the Remuneration Committee has full
discretion to ensure that the final outturn reflects all relevant factors,
including consideration of any windfall gains.
ii. Options were granted under the Company’s Executive Share Option Scheme
2018 (“ESOS”) to Executive Directors and PDMRs, to the extent they are
eligible up to the maximum value set by HMRC, as set out in the
notifications below. The options are granted over 40p ’A’ Ordinary
Shares and the option price is based on the closing price as at 24
July 2023, being £6.00. The options will vest on their third
anniversary of grant, provided the participant is still an employee
and subject to the achievement of certain performance criteria, and
thereafter options will remain exercisable until their tenth
anniversary.
As noted in the 2023 Annual Report and Accounts, prior to the grant, the
Retail Director surrendered a vested option granted to him on 30 June 2014
under the ESOS and was eligible to recieve an award up to the maximum
value set by HMRC.
Enquiries:
Rachel Spencer
Company Secretary
020 8996 2073
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 Chief Executive
b) Initial Initial Notification
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
Details of the transaction(s): section to be repeated for (i) each type
4. 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’ Ordinary Shares - GB00B1YPC344
‘B’ Ordinary Shares - unlisted
Award made under the Fuller, Smith & Turner
P.L.C. Long Term Incentive Plan 2020 and
b) Nature of the transaction under the Fuller, Smith & Turner P.L.C.
Executive Share Option Scheme 2018
Price Volume
‘A’ Ord Share ‘B’ Ord Share
c) Price(s) and volume(s) Shares Price Shares Price
LTIP 95,095 £5.852 237,739 £0.5852
ESOS 10,000 £6.00 - -
Aggregated
As Above
d) information
Aggregated volume As above
Price As Above
e) Date of the transaction 25 July 2023
Outside a trading venue
f) Place of the transaction
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Neil Smith
2. Reason for the notification
Finance Director
a) Position/status
b) Initial Initial
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
Details of the transaction(s): section to be repeated for (i) each type
4. 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’ Ordinary Shares - GB00B1YPC344
Identification code ‘B’ Ordinary Shares - unlisted
Awards made under the Fuller, Smith &
Turner P.L.C. Long Term Incentive Plan 2020
b) Nature of the transaction and under the Fuller, Smith & Turner P.L.C.
Executive Share Option Scheme 2018
Price Volume
‘A’ Ord Share ‘B’ Ord Share
c) Price(s) and volume(s) Shares Price Shares Price
LTIP 52,631 £5.852 131,578 £0.5852
ESOS 5,000 £6.00 - -
Aggregated information
As Above
d)
Aggregated volume As Above
Price As Above
e) Date of the transaction 25 July 2023
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 Initial
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
Details of the transaction(s): section to be repeated for (i) each type
4. 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’ Ordinary Shares - GB00B1YPC344
Identification code ‘B’ Ordinary Shares - unlisted
Awards made under the Fuller, Smith &
Turner P.L.C. Long Term Incentive Plan 2020
b) Nature of the transaction and under the Fuller, Smith & Turner P.L.C.
Executive Share Option Scheme 2018
Price Volume
‘A’ Ord Share ‘B’ Ord Share
c) Price(s) and volume(s) Shares Price Shares Price
LTIP 38,021 £5.852 95,052 £0.5852
ESOS 9,166 £6.00 - -
Aggregated information
As Above
d)
Aggregated volume As Above
Price As Above
e) Date of the transaction 25 July 2023
Outside a trading venue
f) Place of the transaction
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Dawn Browne
2. Reason for the notification
a) Position/status People & Talent Director
b) Initial Initial Notification
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
Details of the transaction(s): section to be repeated for (i) each type
4. 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 ‘B’ Ordinary Shares of 4p each
instrument, type of
instrument
a)
Identification code ‘A’ Ordinary Shares - GB00B1YPC344
‘B’ Ordinary Shares - unlisted
Awards made under the Fuller, Smith &
Turner P.L.C. Long Term Incentive Plan
2020
b) Nature of the transaction
and under the Fuller, Smith & Turner
P.L.C. Executive Share Option Scheme 2018
Price Volume
‘A’ Ord Shares Share ‘B’ Ord Share
c) Price(s) and volume(s) Price Shares Price
LTIP 36,739 £5.852 91,848 £0.5852
ESOS 5,833 £6.00 - -
Aggregated
As Above
d) information
Aggregated volume As above
Price As Above
e) Date of the transaction 25 July 2023
Outside a trading venue
f) Place of the transaction
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Peter Turner
2. Reason for the notification
a) Position/status Property Director / PDMR
b) Initial Initial Notification
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
Details of the transaction(s): section to be repeated for (i) each type
4. 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’ Ordinary Shares - GB00B1YPC344
‘B’ ordinary Shares - unlisted
Award made under the Fuller, Smith & Turner
P.L.C. Long Term Incentive Plan 2020 and
b) Nature of the transaction under the Fuller, Smith & Turner P.L.C.
Executive Share Option Scheme 2018
Price Volume
‘A’ Ord Share ‘B’ Ord Share
c) Price(s) and volume(s) Shares Price Shares Price
LTIP 17,173 £5.852 42,934 £0.5852
ESOS 10,000 £6.00 - -
Aggregated
As Above
d) information
Aggregated volume As above
Price As Above
e) Date of the transaction 25 July 2023
Outside a trading venue
f) Place of the transaction
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Samantha Bourke
2. Reason for the notification
a) Position/status Marketing Director / PDMR
b) Initial Initial Notification
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
Details of the transaction(s): section to be repeated for (i) each type
4. 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’ Ordinary Shares - GB00B1YPC344
‘B’ Ordinary Shares - unlisted
Award made under the Fuller, Smith & Turner
P.L.C. Long Term Incentive Plan 2020 and
b) Nature of the transaction under the Fuller, Smith & Turner P.L.C.
Executive Share Option Scheme 2018
Price Volume
‘A’ Ord Share ‘B’ Ord Share
c) Price(s) and volume(s) Shares Price Shares Price
LTIP 15,225 £5.852 38,063 £0.5852
ESOS 10,000 £6.00 - -
Aggregated
As Above
d) information
Aggregated volume As above
Price As Above
e) Date of the transaction 25 July 2023
Outside a trading venue
f) Place of the transaction
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
ISIN: GB00B1YPC344
Category Code: DSH
TIDM: FSTA
LEI Code: 213800C7ACOFMRCQQW76
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 260420
EQS News ID: 1689249
End of Announcement EQS News Service
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