REG - Imperial Brands PLC - Director/PDMR Shareholding

Imperial BrandsAnnouncement

22/11/2024 12:00

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RNS Number : 3637N  Imperial Brands PLC  22 November 2024

22 November 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 20 November 2024, the Company's new General Counsel, Kevin Massie, 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 4,383 Shares.

 

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

 

In order to replicate the terms of Kevin's forfeited awards, the Recruitment
Award vests in tranches.  The vesting of each tranche of the Recruitment
Award (and any dividend equivalent shares accruing) is subject to Kevin's
continued service with the Company.

 

 1.  Details of the person discharging managerial responsibilities/ person closely
     associated
 a)  Name                                                         KEVIN MASSIE
 2.  Reason for the notification
 a)  Position/status                                              PDMR - GENERAL COUNSEL
 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 LONG TERM INCENTIVE PLAN AWARDS, VESTING IN FIVE TRANCHES BETWEEN
                                                                  2024 AND 2026.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  NIL       4,383
 d)  Aggregated information                                       N/A
 e)  Date of the transaction                                      20 NOVEMBER 2024
 f)  Place of the transaction                                     OUTSIDE A TRADING VENUE

d)

Aggregated information

N/A

e)

Date of the transaction

20 NOVEMBER 2024

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

 

Grant of Long Term Incentive Plan Award

 

Also on 20 November 2024, the Company made the following grant under the
Imperial Brands Long Term Incentive Plan (the "LTIP") to Kevin Massie, a PDMR,
who joined the Company in FY24:

 

 PDMR          No. of Shares under LTIP award granted (the "LTIP GRANT")
 Kevin Massie  24,795

 

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 20 November 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 the individual award 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                                                         KEVIN MASSIE

 2    Reason for the notification

 a)   Position/status                                              PDMR - GENERAL COUNSEL

 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)

                                                            NIL       24,795

 d)   Aggregated information                                       NOT APPLICABLE

 e)   Date of the transaction                                      20 NOVEMBER 2024

 f)   Place of the transaction                                     OUTSIDE A TRADING VENUE

d)

 

Aggregated information

 

NOT APPLICABLE

e)

 

Date of the transaction

 

20 NOVEMBER 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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