REG - Fisher (James) - Director/PDMR Shareholding

James Fisher And SonsAnnouncement

25/04/2022 13:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220425:nRSY2409Ja&default-theme=true

RNS Number : 2409J  Fisher (James) & Sons plc  25 April 2022

25 April 2022

 

 

JAMES FISHER AND SONS PLC

Notification of Directors' Interest in Shares

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them in
accordance with the Market Abuse Regulations.

On 21 April 2022, awards over ordinary shares of 25p each in James Fisher and
Sons plc (the "Company") were made under the James Fisher and Sons 2021 Long
Term Incentive Plan, to the following persons discharging managerial
responsibilities:

 PDMR               Number of Shares held under award

 Eoghan O'Lionaird  146,773

 Duncan Kennedy     96,926

 Robin Stopford     51,874

 

Notes:

No consideration was paid for the grant of the awards which are structured as
nil cost restricted share awards.

The awards will normally vest on the 21 April 2025 subject to the satisfaction
of the performance conditions set by the Remuneration Committee of the
Company.

The following three performance conditions apply to the Award:

50 per cent. of the Award is subject to a performance condition based on the
Company's earnings per share (EPS) performance over three financial years
commencing with the financial year in which the Award is granted. None of this
element shall vest if the Company's EPS for the 2024 financial year is less
than 66p. 25 per cent. of this element shall vest if 2024 EPS is 66p, rising
on a straight-line sliding scale to 100 per cent. vesting of this element if
2024 EPS is at least 76p.

30 per cent. of the Award is subject to a performance condition comparing the
Company's total shareholder return (TSR) against a comparator group comprising
the constituents of the FTSE 250 Index (excluding investment trusts) at the
start of the TSR performance period. TSR shall be measured over three years
commencing on 6 April 2022. None of this element shall vest if the Company's
relative TSR over this period is below the median TSR of the comparator
group.  25 per cent. of this element shall vest if the Company's TSR is in
line with the median TSR of the comparator group, rising on a straight-line
sliding scale to 100 per cent. vesting of this element if TSR is at least
upper quartile.

The remaining 20 per cent. of the Award is subject to a performance condition
based on the Company's return on capital employed (ROCE) performance over
three financial years commencing with the financial year in which the Award is
granted. None of this element shall vest if the Company's ROCE for the 2024
financial year is less than 11%. 25 per cent. of this element shall vest if
2024 ROCE is 11%, rising on a straight-line sliding scale to 100 per cent.
vesting of this element if 2024 ROCE is at least 13%.

In line with the Remuneration Policy approved by shareholders at the 2021 AGM
a two-year post-vesting period will apply to the awards made to Eoghan
O'Lionaird and Duncan Kennedy.

Furthermore, the Remuneration Committee retains the discretion to adjust the
Awards at vesting to ensure that all relevant factors are taken into account,
including the consideration of any windfall gains.

Details of the full notifications received by the Company are set out below.

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Eoghan Pol O'Lionaird
 2   Reason for Notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/Amendment                               Initial Announcement
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         James Fisher and Sons plc
 b)  LEI                                                          213800J975E5OYR6S216
 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 25 pence each in James Fisher and Sons plc

     Identification code                                          GB0003395000

 b)  Nature of the transaction                                    Grant of a restricted share award under the James Fisher and Sons 2021 Long
                                                                  Term Incentive Plan. The award will ordinarily vest on 21 April 2025.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       146,773

 
 d)  Aggregated information

     -     Aggregated volume                                      146,773

     -     Price
 e)  Date of the transaction                                      21 April 2022
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

146,773

 

e)

Date of the transaction

21 April 2022

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Duncan Kennedy
 2   Reason for Notification
 a)  Position/status                                              Chief Financial Officer
 b)  Initial notification/Amendment                               Initial Announcement
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         James Fisher and Sons plc
 b)  LEI                                                          213800J975E5OYR6S216
 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 25 pence each in James Fisher and Sons plc

     Identification code                                          GB0003395000

 b)  Nature of the transaction                                    Grant of a restricted share award under the James Fisher and Sons 2021 Long
                                                                  Term Incentive Plan. The award will ordinarily vest on 21 April 2025.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       96,926

 
 d)  Aggregated information

     -     Aggregated volume                                      96,926

     -     Price
 e)  Date of the transaction                                      21 April 2022
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

96,926

 

e)

Date of the transaction

21 April 2022

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Robert Woodman Stopford
 2   Reason for Notification
 a)  Position/status                                              Head of Corporate Development
 b)  Initial notification/Amendment                               Initial Announcement
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         James Fisher and Sons plc
 b)  LEI                                                          213800J975E5OYR6S216
 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 25 pence each in James Fisher and Sons plc

     Identification code                                          GB0003395000

 b)  Nature of the transaction                                    Grant of a restricted share award under the James Fisher and Sons 2021 Long
                                                                  Term Incentive Plan. The award will ordinarily vest on 21 April 2025.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       51,874

 
 d)  Aggregated information

     -     Aggregated volume                                      51,874

     -     Price
 e)  Date of the transaction                                      21 April 2022
 f)  Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

-     Aggregated volume

-     Price

 

51,874

 

e)

Date of the transaction

21 April 2022

f)

Place of the transaction

Outside a trading venue

 

 

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  DSHIAMTTMTJTBPT