REG - Imperial Brands PLC - Director/PDMR Shareholding
19/02/2024 10:00
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RNS Number : 6142D Imperial Brands PLC 19 February 2024
IMPERIAL BRANDS PLC
Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42
Directors and Persons Discharging Managerial Responsibility ("PDMRs")
Interests
Imperial Brands PLC (the "Company") Long Term Incentive Plan
Grant of 2024 LTIP awards
On 15 February 2024, the Company made the following grant of awards under the
Imperial Brands Long Term Incentive Plan (the "LTIP") to PDMRs:
PDMR No. of shares under LTIP award granted
Stefan Bomhard 258,991
Lukas Paravicini 104,329
Alison Clarke 62,218
Javier Huerta 62,066
Murray McGowan 52,877
Paola Pocci 63,424
Kim Reed * 71,618
Ales Struminsky 45,714
* The award which was granted to Kim Reed was comprised of two elements:
The first element of Ms Reed's award was granted over 35,809 shares in
Imperial Brands PLC. This element has been granted as a conditional award
under the LTIP and is subject to the performance conditions and terms which
are applicable to all other 2024 LTIP awards granted on the same date (as
outlined above). This element of Ms Reed's LTIP award will vest on or about 15
February 2027, subject to the extent to which the applicable performance
conditions have been met; and
The second element of Ms Reed's award was granted over a further 35,809 shares
in Imperial Brands PLC. This element has been granted as a conditional award
under the LTIP and is not subject to any performance conditions (although it
remains subject to the rules of the LTIP, including applicable malus and
clawback provisions and the ability of the Remuneration Committee to adjust
the vesting outcome of such award on a discretionary basis). This element of
Ms Reed's LTIP award will vest in three tranches of 11,936 shares on 15
February 2025, 11,936 shares on 15 February 2026 and11,937 shares on 15
February 2027.
Further to its 2023 Annual Report and Accounts, the Company confirms that the
performance measures and targets (which should not be construed as guidance)
in respect of the Imperial Brands LTIP grant made on 15 February 2024 are:
Weight Cut-in Target Max
EPS Growth 40% 3.9% 4.8% 5.8%
ROIC 15% 19.1% 21.1% 21.9%
CFCF (£m) 15% 5,900 6,700 7,500
Relative TSR 20% Median N/A Upper quart.
Scope 1 & 2 carbon emissions 5% 70.0% 72.0% 75.0%
Energy consumption 5% 4.5% 6.0% 7.5%
Each element operates independently and is capable of vesting regardless of
the Company's performance in respect of the other elements. The Remuneration
Committee retains the discretion under the rules of the LTIP to adjust up or
down including to zero the number of shares that vest taking into account a
number of factors including personal or corporate performance and
circumstances that were unforeseen at the date of grant.
Details of individual awards are provided below:
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 STEFAN BOMHARD
2 Reason for the notification
a) Position/status EXECUTIVE DIRECTOR - 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 IMPERIAL BRANDS PLC
b) LEI 549300DFVPOB67JL3A42
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
GB0004544929
b) Nature of the transaction AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s)
Price(s) Volume(s)
NOT APPLICABLE 258,991
d) Aggregated information
- Aggregated volume 258,991
- Price NOT APPLICABLE
e) Date of the transaction 15 FEBRUARY 2024
f) Place of the transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
- Aggregated volume
- Price
258,991
NOT APPLICABLE
e)
Date of the transaction
15 FEBRUARY 2024
f)
Place of the transaction
OUTSIDE A TRADING VENUE
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 LUKAS PARAVICINI
2 Reason for the notification
a) Position/status EXECUTIVE DIRECTOR - 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 IMPERIAL BRANDS PLC
b) LEI 549300DFVPOB67JL3A42
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
GB0004544929
b) Nature of the transaction AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s)
Price(s) Volume(s)
NOT APPLICABLE 104,329
d) Aggregated information
- Aggregated volume 104,329
- Price NOT APPLICABLE
e) Date of the transaction 15 FEBRUARY 2024
f) Place of the transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
- Aggregated volume
- Price
104,329
NOT APPLICABLE
e)
Date of the transaction
15 FEBRUARY 2024
f)
Place of the transaction
OUTSIDE A TRADING VENUE
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 ALISON CLARKE
2 Reason for the notification
a) Position/status PDMR - CHIEF PEOPLE AND CULTURE OFFICER
b) Initial notification /Amendment
INITIAL NOTIFICATION
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IMPERIAL BRANDS PLC
b) LEI 549300DFVPOB67JL3A42
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
GB0004544929
b) Nature of the transaction AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s)
Price(s) Volume(s)
NOT APPLICABLE 62,218
d) Aggregated information
- Aggregated volume 62,218
- Price NOT APPLICABLE
e) Date of the transaction 15 FEBRUARY 2024
f) Place of the transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
- Aggregated volume
- Price
62,218
NOT APPLICABLE
e)
Date of the transaction
15 FEBRUARY 2024
f)
Place of the transaction
OUTSIDE A TRADING VENUE
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 JAVIER HUERTA
2 Reason for the notification
a) Position/status PDMR - CHIEF SUPPLY CHAIN OFFICER
b) Initial notification /Amendment INITIAL NOTIFICATION
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IMPERIAL BRANDS PLC
b) LEI 549300DFVPOB67JL3A42
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
ORDINARY SHARES
Identification code
GB0004544929
b) Nature of the transaction AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s)
Price(s) Volume(s)
NOT APPLICABLE 62,066
d) Aggregated information
- Aggregated volume 62,066
- Price NOT APPLICABLE
e) Date of the transaction 15 FEBRUARY 2024
f) Place of the transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
- Aggregated volume
- Price
62,066
NOT APPLICABLE
e)
Date of the transaction
15 FEBRUARY 2024
f)
Place of the transaction
OUTSIDE A TRADING VENUE
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 MURRAY MCGOWAN
2 Reason for the notification
a) Position/status PDMR - CHIEF STRATEGY AND DEVELOPMENT OFFICER
b) Initial notification /Amendment INITIAL NOTIFICATION
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IMPERIAL BRANDS PLC
b) LEI 549300DFVPOB67JL3A42
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
ORDINARY SHARES
Identification code
GB0004544929
b) Nature of the transaction AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s)
Price(s) Volume(s)
NOT APPLICABLE 52,877
d) Aggregated information
- Aggregated volume 52,877
- Price NOT APPLICABLE
e) Date of the transaction 15 FEBRUARY 2024
f) Place of the transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
- Aggregated volume
- Price
52,877
NOT APPLICABLE
e)
Date of the transaction
15 FEBRUARY 2024
f)
Place of the transaction
OUTSIDE A TRADING VENUE
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 PAOLA POCCI
2 Reason for the notification
a) Position/status PDMR - CHIEF CONSUMER OFFICER AND PRESIDENT, AFRICA, ASIA, AUSTRALASIA AND
CENTRAL & EASTERN EUROPE REGION
b) Initial notification /Amendment INITIAL NOTIFICATION
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IMPERIAL BRANDS PLC
b) LEI 549300DFVPOB67JL3A42
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
ORDINARY SHARES
Identification code
GB0004544929
b) Nature of the transaction AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s)
Price(s) Volume(s)
NOT APPLICABLE 63,424
d) Aggregated information
- Aggregated volume 63,424
- Price NOT APPLICABLE
e) Date of the transaction 15 FEBRUARY 2024
f) Place of the transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
- Aggregated volume
- Price
63,424
NOT APPLICABLE
e)
Date of the transaction
15 FEBRUARY 2024
f)
Place of the transaction
OUTSIDE A TRADING VENUE
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 KIMBERLY REED
2 Reason for the notification
a) Position/status PDMR - PRESIDENT AND CEO, AMERICAS REGION
b) Initial notification /Amendment
INITIAL NOTIFICATION
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IMPERIAL BRANDS PLC
b) LEI 549300DFVPOB67JL3A42
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
GB0004544929
b) Nature of the transaction A) AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
B) DISCRETIONARY AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN VESTING IN 3
TRANCHES OF 11,936, 11,936 AND 11,937 ON 15 FEBRUARY 2025, 15 FEBRUARY 2026
AND 15 FEBRUARY 2027 RESPECTIVELY
c) Price(s) and volume(s)
Price(s) Volume(s)
A) NOT APPLICABLE 35,809
B) NOT APPLICABLE 35,809
d) Aggregated information
- Aggregated volume 71,618
- Price NOT APPLICABLE
e) Date of the transaction 15 FEBRUARY 2024
f) Place of the transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
- Aggregated volume
- Price
71,618
NOT APPLICABLE
e)
Date of the transaction
15 FEBRUARY 2024
f)
Place of the transaction
OUTSIDE A TRADING VENUE
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 ALES STRUMINSKY
2 Reason for the notification
a) Position/status PDMR - PRESIDENT, EUROPE REGION
b) Initial notification /Amendment INITIAL NOTIFICATION
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IMPERIAL BRANDS PLC
b) LEI 549300DFVPOB67JL3A42
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
GB0004544929
b) Nature of the transaction AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s)
Price(s) Volume(s)
NOT APPLICABLE 45,714
d) Aggregated information
- Aggregated volume 45,714
- Price NOT APPLICABLE
e) Date of the transaction 15 FEBRUARY 2024
f) Place of the transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
- Aggregated volume
- Price
45,714
NOT APPLICABLE
e)
Date of the transaction
15 FEBRUARY 2024
f)
Place of the transaction
OUTSIDE A TRADING VENUE
Chris Winters
Deputy Company Secretary
Copies of our announcements are available on our website:
https://www.imperialbrandsplc.com/creating-shareholder-value/stock-exchange-announcements
(https://www.imperialbrandsplc.com/creating-shareholder-value/stock-exchange-announcements)
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