REG - Marston's Plc - Director/PDMR Shareholding

Marston'sAnnouncement

06/12/2024 10:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241206:nRSF1440Pa&default-theme=true

RNS Number : 1440P  Marston's PLC  06 December 2024

6 December 2024

 

Notification of interests of directors and persons discharging managerial
responsibilities

 

 

Marston's PLC (the "Company") announces that on 5 December 2024 the Directors
listed below were granted awards over ordinary shares in the Company, in the
form of a nil-cost option (a "Nil-Cost Option") under the Company's Long Term
Incentive Plan (the "Plan").

 

The number of shares over which awards were granted was calculated using the
market price at the close of trading on the London Stock Exchange on
5 December 2024, being £0.4305 per ordinary share.

 

The awards will ordinarily vest on the third anniversary of the date of grant
to the extent the performance metrics are satisfied. The performance metrics
are based on Underlying Profit Before Tax (as regards 40% of the award),
Operating Margin (as regards 30% of the award) and Relative Total Shareholder
Return (as regards 30% of the award) assessed over the Company's 2025, 2026
and 2027 financial periods, details of which will be set out in the Company's
Annual Report and Accounts for the period ended 28 September 2024.

 

To the extent the performance metrics are met, a Nil-Cost Option will be
released following a two-year holding period.

 

 Name of individual  Designation  Number of shares subject to LTIP award
 Justin Platt        Director     2,153,310
 Hayleigh Lupino     Director     1,225,511

 

 

The Notification of Dealing Forms set out below are provided in accordance
with the requirements of the EU Market Abuse Regulation.

 

 

Enquiries:

Bethan Raybould, General Counsel & Company Secretary, Marston's PLC, +44
(0) 1902 907250

 

 

 1.  Details of the Person Discharging Managerial Responsibility ("PDMR")/person
     closely associated with them ("PCA")
 a)  Name                                     Justin Platt

 2.  Reason for the notification
 a)  Position/status                          Director and PDMR (Chief Executive Officer)

 b)  Initial notification/ amendment          Initial Notification
 3.  Details of the Issuer
 a)  Name                                     Marston's PLC
 b)  LEI code                                 213800Q6RP3ZJ2CZR962
 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  Ordinary Shares of 7.375 pence each

     Identification code

                                              ISIN: GB00B1JQDM80
 b)  Nature of the transaction                Grant of award under the Marston's PLC Long Term Incentive Plan in the form of
                                              a nil-cost option.

 c)  Price(s) and volumes(s)

Price                 Volume
                                              Nil-cost option: N/A  2,153,310
 d)  Aggregated information

     -   Aggregate volume

                                              N/A

     -   Price
 e)  Date of the transaction                  2024-12-05
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-   Aggregate volume

 

-   Price

 

 

N/A

 

e)

Date of the transaction

2024-12-05

f)

Place of the transaction

Outside a trading venue

 

 

 1.  Details of the Person Discharging Managerial Responsibility ("PDMR")/person
     closely associated with them ("PCA")
 a)  Name                                     Hayleigh Lupino

 2.  Reason for the notification
 a)  Position/status                          Director and PDMR (Chief Financial Officer)

 b)  Initial notification/                    Initial Notification

     amendment
 3.  Details of the Issuer
 a)  Name                                     Marston's PLC
 b)  LEI code                                 213800Q6RP3ZJ2CZR962
 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  Ordinary Shares of 7.375 pence each

     Identification code

                                              ISIN: GB00B1JQDM80
 b)  Nature of the transaction                Grant of award under the Marston's PLC Long Term Incentive Plan in the form of
                                              a nil-cost option.
 c)  Price(s) and volumes(s)

Price                 Volume
                                              Nil-cost option: N/A  1,225,511
 d)  Aggregated information

     -   Aggregate volume

                                              N/A

     -   Price
 e)  Date of the transaction                  2024-12-05
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-   Aggregate volume

 

-   Price

 

 

N/A

 

e)

Date of the transaction

2024-12-05

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  DSHEANAKESELFEA