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

Marston'sAnnouncement

22/06/2016 11:25

RNS Number : 9614B
Marston's PLC
22 June 2016
Notification of interests of directors
22 June 2016
The Company announces that on 21 June 2016, 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 21June2016 calculated using the market price at the close of trading on the London Stock Exchange on 21June2016 of 148.3 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
278,995
Peter Dalzell
Director
257,080
Ralph Findlay
Director
447,572
Richard Westwood
PDMR
179,772
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, Group Secretary, Marston's PLC, +44 (0) 1902 329163

This information is provided by RNS
The company news service from the London Stock Exchange
  END
DSHEAEKAAAFKEFF