REG - Future PLC - Director/PDMR Shareholding

FutureAnnouncement

25/11/2019 16:30

RNS Number : 5910U
Future PLC
25 November 2019
 


The attached individual notifications made under article 19.1 of the Market Abuse Regulation ("MAR") relate to the issuance of awards under the terms of the Future plc Performance Share Plan ("PSP") and Deferred Annual Bonus Plan ("DABS") to a person discharging managerial responsibilities ("PDMR"). This announcement is made in accordance with article 19.3 of MAR.
 
The PSP Award will vest three years from the date of grant, at no cost to the participant, in accordance with the rules of the PSP, provided that the participant remains in employment of the Group at the vesting date and subject to performance targets having been met. Vesting of the PSP Award is subject to both EPS and Absolute TSR performance conditions.  Further details of the targets will be published shortly in the 2019 Annual Report and Accounts. The number of shares shown below represents the potential maximum if all the performance conditions are achieved in full. Any awards vesting will be subject to a mandatory two-year holding period.
 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Zillah Byng-Thorne




2


Reason for the notification




a)


Position/status


Chief Executive Officer




b)


Initial notification /Amendment


Initial Notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Future plc




b)


LEI
 


213800K2581YRLEXV353




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
 
Identification code


 
Ordinary shares of 15p each
 
GB00BYZN9041 




b)


Nature of the transaction


Grant of share awards under the PSP.  Subject to achievement of performance conditions, the award will vest on 24 November 2022.




c)
 


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


67,185








d)
 


Aggregated information
 
- Aggregated volume
 
- Price


 
 
 
67,185
 
Nil




e)


Date of the transaction


25 November 2019




f)


Place of the transaction


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Penny Ladkin-Brand




2


Reason for the notification




a)


Position/status


Chief Financial Officer




b)


Initial notification /Amendment


Initial Notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Future plc




b)


LEI
 


213800K2581YRLEXV353




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
 
Identification code


 
Ordinary shares of 15p each
 
GB00BYZN9041 




b)


Nature of the transaction


Grant of share awards under the PSP.  Subject to achievement of performance conditions, the award will vest on 24 November 2022.




c)
 


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


41,337








d)
 


Aggregated information
 
- Aggregated volume
 
- Price


 
 
 
41,337
 
Nil




e)


Date of the transaction


25 November 2019




f)


Place of the transaction


Outside a trading venue



 
 
The DABS Award represents the deferral of 50% of a PDMR's annual cash bonus into Future plc shares and will vest two years from the date of grant, at no cost to the participant, in accordance with the rules of the DABS. 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Zillah Byng-Thorne




2


Reason for the notification




a)


Position/status


Chief Executive Officer




b)


Initial notification /Amendment


Initial Notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Future plc




b)


LEI
 


213800K2581YRLEXV353




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
 
Identification code


 
Ordinary shares of 15p each
 
GB00BYZN9041 




b)


Nature of the transaction


Grant of share awards under the DABS.  Subject to malus and clawback provisions, the award will vest on 24 November 2021.




c)
 


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


25,194








d)
 


Aggregated information
 
- Aggregated volume
 
- Price


 
 
 
25,194
 
Nil




e)


Date of the transaction


25 November 2019




f)


Place of the transaction


Outside a trading venue



 



1
 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Penny Ladkin-Brand




2


Reason for the notification




a)


Position/status


Chief Financial Officer




b)


Initial notification /Amendment


Initial Notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Future plc




b)


LEI
 


213800K2581YRLEXV353




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
 
Identification code


 
Ordinary shares of 15p each
 
GB00BYZN9041 




b)


Nature of the transaction


Grant of share awards under the DABS.  Subject to malus and clawback provisions, the award will vest on 24 November 2021.




c)
 


Price(s) and volume(s)





Price(s)


Volume(s)




Nil


12,155








d)
 


Aggregated information
 
- Aggregated volume
 
- Price


 
 
 
12,155
 
Nil




e)


Date of the transaction


25 November 2019




f)


Place of the transaction


Outside a trading venue



 
 
Tim Maw
Company Secretary
(Responsible for releasing this announcement)
25 November 2019




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