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Fuller, Smith & Turner PLC (FSTA)
Fuller, Smith & Turner PLC: Director/PDMR Shareholdings
14-Dec-2021 / 16:54 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.
("Fuller's" or "the Company")
Director/PDMR Shareholdings
This notification is made in accordance with the Market Abuse Regulation.
Following the appointment of Neil Smith as Finance Director on 30 November
2021, the Company annnounces that on 13 December 2021, conditional share
awards have been granted under the Company's Long-Term Incentive Plan 2020
(the "Plan") to Mr Smith as set out below. This includes a Recovery LTIP
Award which, following shareholder approval, has been introduced to
incentivise management to deliver a recovery in business performance over
the next three years.
Both awards are over a combination of both 40p 'A' Ordinary and 4p 'B'
Ordinary shares.
The calculation of the awards was based on the five day average price of
the middle market quotations ending 28 September 2021, being £7.33 for 'A'
shares and £0.733 (notionally) for 'B' shares, pro-rated to 30 November
2021. This pricing is consistent with the pricing used for the LTIP awards
granted to other Executive Directors and members of the executive
management team on 29 September 2021.
Vesting of these awards is subject to the fulfilment of certain
performance conditions over the three-year period commencing on 28 March
2021 (as detailed in the 2021 Annual Report and Accounts) and continued
employment. Additionally, all awards are subject to a two-year
post-vesting 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.
Enquiries:
Rachel Spencer
Company Secretary
020 8996 2073
Notes to Editors:
Fuller, Smith & Turner P.L.C. is the premium pubs and hotels business that
is famous for beautiful and inviting pubs with delicious fresh food, a
vibrant and interesting range of drinks, and engaging service from
passionate people. Fuller's has 209 managed businesses, with 1,027
boutique bedrooms, and 175 Tenanted Inns. The estate is predominately
located in the South of England (44% of sites are within the M25) and
stretches from our London heartland to the Jurassic Coast via the New
Forest. Our Managed Pubs and Hotels include 15 iconic Ale & Pie pubs,
seven stunning hotels in the Cotswolds, and Bel & The Dragon - seven
exquisite country inns located in the Home Counties. In summary, Fuller's
is the home of great pubs, outstanding hospitality and passionate people,
where everyone is welcome and leaves that little bit happier than they
arrived.
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 Neil Smith
2. Reason for the notification
a) Position/status Finance 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 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
b) Nature of the transaction P.L.C. Long Term Incentive Plan 2020
Price Volume
A Ord Share B Ord Share
Shares Price Shares Price
c) Price(s) and volume(s) Annual
LTIP £7.33 £0.733
29,817 74,543
Recovery 74,543 £7.33 186,359 £0.733
LTIP
Aggregated
As Above
d) information
Aggregated volume As above
Price As Above
e) Date of the transaction 13/12/2021
Outside a trading venue
f) Place of the transaction
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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.: 130190
EQS News ID: 1257844
End of Announcement EQS News Service
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