REG - Imperial Brands PLC - Director/PDMR Shareholding

Imperial BrandsAnnouncement

19/08/2024 17:15

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RNS Number : 9870A  Imperial Brands PLC  19 August 2024

19 August 2024

 

 

IMPERIAL BRANDS PLC

 (THE "COMPANY")

 

Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

Recruitment Award

 

On 15 August 2024, the Company's new President, Africa, Asia, Australasia, and
Central & Eastern Europe (AAACE) Region, Priyali Kamath, was granted a
nil-cost conditional award (the "Recruitment Award") over ordinary shares
of 10 pence each in the Company ("Shares"). The Recruitment Award has been
granted over 56,216 shares.

 

The Recruitment Award has been granted in order to facilitate Priyali's
recruitment, and to replace certain share awards granted to her by her former
employer and which she forfeited on joining the Company.

 

In order to replicate the terms of Priyali's forfeited awards, the Recruitment
Award is split into tranches, as follows:

 

 Number of Shares  Expected Vesting Date
 5,539             13 September 2024
 5,583             15 September 2025
 1,180             15 September 2026
 3,821             15 September 2027
 9,760             1 October 2024
 10,648            1 October 2025
 4,156             1 October 2026
 8,018             1 October 2027
 4,622             2 October 2024*
 2,185             2 October 2025*
 704               2 October 2026*

 

* Dividend Equivalents accrue on these awards.

 

 

The vesting of the Recruitment Award (and each tranche thereof) is subject to
Priyali's continued service with the Company.

 

 

 1.  Details of the person discharging managerial responsibilities/ person closely
     associated
 a)  Name                                                         PRIYALI KAMATH
 2.  Reason for the notification
 a)  Position/status                                              PDMR - PRESIDENT, AFRICA, ASIA, AUSTRALASIA, AND CENTRAL & EASTERN EUROPE
                                                                  (AAACE) 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; (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                                    GRANT OF LTIP AWARDS, VESTING IN 11 TRANCHES BETWEEN 2024 AND 2027.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       56,216
 d)  Aggregated information                                       Aggregate Price  Aggregate Volume
                                                                  Nil              56,216
 e)  Date of the transaction                                      15 August 2024
 f)  Place of the transaction                                     OUTSIDE A TRADING VENUE

d)

Aggregated information

 Aggregate Price  Aggregate Volume
 Nil              56,216

e)

Date of the transaction

15 August 2024

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

 

 

Grant of Long Term Incentive Plan Awards

 

Also on 15 August 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 (the "LTIP GRANT")
 Deborah Binks-Moore  35,232
 Priyali Kamath       31,878

 

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 August 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                                                         DEBORAH BINKS-MOORE

 2    Reason for the notification

 a)   Position/status                                              PDMR - CHIEF CORPORATE AFFAIRS 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   35,232

 d)   Aggregated information

      - Aggregated volume                                          35,232

      - Price                                                      NOT APPLICABLE

 e)   Date of the transaction                                      15 AUGUST 2024

 f)   Place of the transaction                                     OUTSIDE A TRADING VENUE

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

35,232

 

NOT APPLICABLE

 

e)

 

Date of the transaction

 

15 AUGUST 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                                                         PRIYALI KAMATH

 2    Reason for the notification

 a)   Position/status                                              PDMR - PRESIDENT, AFRICA, ASIA, AUSTRALASIA, AND CENTRAL & EASTERN EUROPE

                                                            (AAACE) 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   31,878

 d)   Aggregated information

      - Aggregated volume                                          31,878

      - Price                                                      NOT APPLICABLE

 e)   Date of the transaction                                      15 AUGUST 2024

 f)   Place of the transaction                                     OUTSIDE A TRADING VENUE

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

31,878

 

NOT APPLICABLE

 

e)

 

Date of the transaction

 

15 AUGUST 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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