REG-Fuller, Smith & Turner PLC Fuller, Smith & Turner PLC: Director/PDMR Shareholdings

Fuller Smith & TurnerAnnouncement

14/12/2021 16:55

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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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