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

Marston'sAnnouncement

22/06/2017 15:10

RNS Number : 9298I
Marston's PLC
22 June 2017
Notification of interests of directors
22 June 2017
The Company announces that on 21 June 2017, 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 (the "Plan"). The awards were granted on 21June2017 calculated using the market price at the close of trading on the London Stock Exchange on 21June2017 of 125.1 pence per ordinary share.
The awards will vest subject to the satisfaction of 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 assessed over the Company's 2016/2017, 2017/2018 and 2018/2019 financial years. To the extent an award vests, it will be released (so that the participant is entitled to acquire the shares) following the end of a further two year holding period.
Name
Designation
Number of shares subject to LTIP Award
Andrew Andrea
Director
362,709
Peter Dalzell
Director
310,751
Ralph Findlay
Director
541,566
Richard Westwood
PDMR
217,373
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
Enquiries: Anne-Marie Brennan, Group Secretary, Marston's PLC, +44 (0) 1902 329163
1.
Details of PDMR / PCA (person closely associated)
(a)
Name
Andrew Andrea
(b)
Position/status
Director and PDMR (Chief Financial and Corporate Development Officer)
(c)
Initial notification/ amendment
Initial notification
2.
Details of the issuer
(a)
Name
Marston's PLC
3.
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
Ordinary shares of 7.375p each
ISIN GB00B1JQDM80
(b)
Nature of the transaction
Grant of award under the Long Term Incentive Plan
(c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
362,709


(d)
Aggregated information
Aggregated volume price
n/a single transaction
n/a single transaction
(e)
Date of the transaction
2017-06-21
(f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
1.
Details of PDMR / PCA (person closely associated)
(a)
Name
Peter Dalzell
(b)
Position/status
Director and PDMR (MD, Marston's Inns and Taverns)
(c)
Initial notification/ amendment
Initial notification
2.
Details of the issuer
(a)
Name
Marston's PLC
3.
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
Ordinary shares of 7.375p each
ISIN GB00B1JQDM80
(b)
Nature of the transaction
Grant of award under the Long Term Incentive Plan
(c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
310,751


(d)
Aggregated information
Aggregated volume price
n/a single transaction
n/a single transaction
(e)
Date of the transaction
2017-06-21
(f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
1.
Details of PDMR / PCA (person closely associated)
(a)
Name
Ralph Findlay
(b)
Position/status
Director and PDMR (CEO)
(c)
Initial notification/ amendment
Initial notification
2.
Details of the issuer
(a)
Name
Marston's PLC
3.
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
Ordinary shares of 7.375p each
ISIN GB00B1JQDM80
(b)
Nature of the transaction
Grant of award under the Long Term Incentive Plan
(c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
541,566


(d)
Aggregated information
Aggregated volume price
n/a single transaction
n/a single transaction
(e)
Date of the transaction
2017-06-21
(f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
1.
Details of PDMR / PCA (person closely associated)
(a)
Name
Richard Westwood
(b)
Position/status
PDMR (MD, Marston's Beer Company)
(c)
Initial notification/ amendment
Initial notification
2.
Details of the issuer
(a)
Name
Marston's PLC
3.
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
Ordinary shares of 7.375p each
ISIN GB00B1JQDM80
(b)
Nature of the transaction
Grant of award under the Long Term Incentive Plan
(c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
217,373


(d)
Aggregated information
Aggregated volume price
n/a single transaction
n/a single transaction
(e)
Date of the transaction
2017-06-21
(f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
ENDS

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