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

Marston'sAnnouncement

04/07/2017 09:05

RNS Number : 0429K
Marston's PLC
04 July 2017
Notification of interests of Directors and Persons Discharging Managerial Responsibilities
4 July 2017
The Company announces that on 3 July 2017 the Director listed below exercised an award over ordinary shares in the Company under the Company's 2014 Long Term Incentive Plan, which had been granted on 25 June 2014. 
Shares were sold by the Director to the extent necessary to fund tax and NICs arising on the exercise as noted below. 
Director
Aggregate number of shares in respect of which LTIP Award exercised*
Number of shares which were sold by the Director on 3 July 2017 at a price of 1.2210 per share
Peter Dalzell
51,513
24,297
*The award granted on 25 June 2014 consisted of an LTIP Award and a "Linked Award", and a separate Approved Option over 20,876 shares at an exercise price of 1.437 per share. The Approved Option was released by the Director as part of the exercise process so that, in accordance with the rules of the LTIP, the LTIP Award and Linked Award are capable of exercise to the extent vested. 
The relevant notification set out below is 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
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
Exercise of award under the Long Term Incentive Plan and sale of shares to fund associated tax liability
(c)
Price(s) and volume(s)
Price(s)
Volume(s)
N/A
51,513
1.2210
24,297
(d)
Aggregated information
Aggregated volume price
n/a single transaction
n/a single transaction
(e)
Date of the transaction
2017-07-03
(f)
Place of the transaction
London Stock Exchange, Main Market (XLON)

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