REG - International Distri - Director/PDMR Shareholding
Yesterday 12:15
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250502:nRSB2745Ha&default-theme=true
RNS Number : 2745H International Distribution Svcs PLC 02 May 2025
International Distribution Services
plc
(Incorporated in England and Wales)
Company Number: 8680755
LSE Share Code: IDS
ISIN: GB00BDVZYZ77
LEI: 213800TCZZU84G8Z2M70
2 May 2025
Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility
On 29 May 2024, the boards of International Distribution Services plc (the
"Company") and EP UK Bidco Limited ("Bidco") announced they had agreed the
terms of a recommended cash offer for the entire issued and to be issued
ordinary share capital of the Company other than the shares owned or
controlled by VESA Equity Investment S.à r.l. (the "Offer"). The Offer
document was published on 26 June 2024.
On 30 April 2025, Bidco announced that the Offer had become unconditional.
As a result of the Offer becoming unconditional, all outstanding conditional
awards over ordinary shares in the capital of the Company of £0.01 each
granted under the Company's Long Term Incentive Plan ("LTIP") and Deferred
Share Bonus Plan ("DBSP") vested to Persons Discharging Managerial
Responsibility ("PDMRs").
LTIP: The LTIP is designed to incentivise PDMRs to deliver the key long-term
priorities relevant for their role, aligned to shareholder and stakeholder
interests. LTIP awards were granted in 2022, 2023 and 2024.
DSBP: The rules of the Company's annual bonus scheme, known as the Short-Term
Incentive Plan, require participants to defer a third of their earned bonus
into shares. The vested DSBP awards therefore relate to bonus awards made in
2022, 2023 and 2024.
The treatment of the LTIP and DSBP awards in the event of the Offer becoming
unconditional was set out in the Co-Operation Agreement agreed between the
Company and Bidco dated 29 May 2024. No new LTIP or DSBP awards were granted
to PDMRs as a consequence of the Offer.
The below notifications, made in accordance with the requirements of the UK
Market Abuse Regulation, give further detail.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Martin Seidenberg
2 Reason for the notification
a) Position/status Group 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 International Distribution Services plc
b) LEI 213800TCZZU84G8Z2M70
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 of £0.01 each in International Distribution Services plc
Identification code
GB00BDVZYZ77
b) Nature of the transaction Vesting of conditional awards granted on 1 September 2022, 31 July 2023 and 4
June 2024 under the International Distribution Services plc Long Term
Incentive Plan, and associated dividend equivalent shares.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 1,001,332
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 30 April 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
N/A
e)
Date of the transaction
30 April 2025
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Michael Snape
2 Reason for the notification
a) Position/status Group 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 International Distribution Services plc
b) LEI 213800TCZZU84G8Z2M70
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 of £0.01 each in International Distribution Services plc
Identification code
GB00BDVZYZ77
b) Nature of the transaction Vesting of conditional awards granted on 9 February 2024 and 4 June 2024 under
the International Distribution Services plc Long Term Incentive Plan, and
associated dividend equivalent shares.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 308,235
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 30 April 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
N/A
e)
Date of the transaction
30 April 2025
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Martin Seidenberg
2 Reason for the notification
a) Position/status Group 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 International Distribution Services plc
b) LEI 213800TCZZU84G8Z2M70
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 of £0.01 each in International Distribution Services plc
Identification code
GB00BDVZYZ77
b) Nature of the transaction Vesting of conditional awards granted on 28 July 2022, 31 July 2023 and 4 June
2024 under the International Distribution Services plc Deferred Share Bonus
Plan 2016.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 238,997
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 30 April 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
N/A
e)
Date of the transaction
30 April 2025
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Michael Snape
2 Reason for the notification
a) Position/status Group 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 International Distribution Services plc
b) LEI 213800TCZZU84G8Z2M70
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 of £0.01 each in International Distribution Services plc
Identification code
GB00BDVZYZ77
b) Nature of the transaction Vesting of conditional awards granted on 4 June 2024 under the International
Distribution Services plc Deferred Share Bonus Plan 2016.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 11,035
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 30 April 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
N/A
e)
Date of the transaction
30 April 2025
f)
Place of the transaction
Outside a trading venue
Enquiries:
Investor Relations
Email: investorrelations@ids-plc.com
Media Relations
Jenny Hall
Phone: 07776 993036
Email: jenny.hall@ids-plc.com (mailto:jenny.hall@ids-plc.com)
Greg Sage
Phone: 07483 421374
Email: greg.sage@ids-plc.com
Press office: pressoffice@ids-plc.com (mailto:pressoffice@ids-plc.com)
Company Secretary
Matthew Newman
Email: cosec@ids-plc.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHBGGDUBUGDGUDRecent news on International Distribution Services
See all newsREG - Syquant Capital International Distri - Form 8.3 - IDS LN
AnnouncementREG - Glazer Capital, LLC International Distri - Form 8.3 - International Distribution Services plc
AnnouncementREG - International Distri - Holding(s) in Company
AnnouncementREG - International Distri - Director/PDMR Shareholding
AnnouncementREG - Stock Exch Notice - Admission to Trading - 02/05/2025
Announcement