REG - Marston's Plc - Director/PDMR Shareholding <Origin Href="QuoteRef">MARS.L</Origin>

Marston'sAnnouncement

16/07/2015 11:47

RNS Number : 6795Q
Marston's PLC
19 June 2015
Notification of interests of directors
19 June 2015
The Company announces that on 18 June 2015, the Directors and Person Discharging Managerial Responsibilities (PDMR) listed below were granted awards over ordinary shares in the Company under the Company's 2014 Long Term Incentive Plan with HM Revenue & Customs (HMRC) Approved Schedules (the "Plan"). The awards were granted on 18June2015 calculated using the market price at the close of trading on the London Stock Exchange on 18June2015 of 163.7 pence per ordinary share.
Awards under the Plan are structured as Approved Performance Share Plan Awards. This year the Awards made to the Directors and PDMR are in the form of an LTIP Award only, having already utilised their 30,000 approved option limit.
Subject to the satisfaction of the performance metrics which are based on a combination of Cash Return On Cash Capital Employed (CROCCE), Free Cash Flow (FCF) and Relative Total Shareholder Return; the LTIP Awards will vest and become exercisable in three years.
Name
Designation
Number of shares subject to LTIP Award
Andrew Andrea
Director
248,167
Peter Dalzell
Director
220,678
Ralph Findlay
Director
397,831
Richard Westwood
PDMR
159,667
The notification of these transactions is made pursuant to DTR 3.1.4R (1)(a) and is also deemed to be disclosure made in accordance with Section 793 of the Companies Act 2006 where appropriate.
Enquiries: Anne-Marie Brennan, Company Secretary, Marston's PLC, +44 (0) 1902 329163

This information is provided by RNS
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