REG - Marston's Plc - Director/PDMR Shareholding

MarstonsAnnouncement

28/11/2025 12:30

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RNS Number : 4869J  Marston's PLC  28 November 2025

28 November 2025

 

Notification of interests of directors and persons discharging managerial
responsibilities

Marston's PLC (the "Company") announces that on 27 November 2025 the Directors
listed below were granted awards over ordinary shares in the Company 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 27
November 2025, being £0.597 per ordinary share.

 

Awards under the Plan may comprise two elements:

 

(i)         a nil-cost option (a "Nil-Cost Option"), and

 

(ii)        a CSOP Option over shares with a total value at the date of
grant of £60,000 (the statutory limit) with an exercise price of £0.597 per
share (a "CSOP Option").

 

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 2026, 2027
and 2028 financial periods, details of which will be set out in the Company's
Annual Report and Accounts for the period ended 27 September 2025.

 

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

 

Linking Arrangement between Nil-Cost Option and CSOP Option

The options granted to Stephen Hopson have been granted such that the maximum
pre-tax value delivered to him will not exceed the value of the shares over
which the Nil-Cost Option would have vested if it was a standalone option.

 

The CSOP option will be released only to the extent that the aggregate CSOP
gain is less than or equal to the value of the shares over which the Nil-Cost
Option would be released on the normal released date.

 

 Name of individual  Designation  Number of shares subject to CSOP Option  Number of shares subject to Nil-Cost Option
 Justin Platt        Director     N/A                                      1,590,452
 Stephen Hopson      Director     100,502                                  785,175

 

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                                     Stephen Hopson

 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 CSOP option with an exercise price of £0.597 per share and a nil-cost
                                              option.
 c)  Price(s) and volumes(s)

Price                 Volume
                                              Nil-cost option: N/A  785,175
                                              CSOP option: £0.597   100,502
 d)  Aggregated information

     -   Aggregate volume

                                              N/A

     -   Price
 e)  Date of the transaction                  2025-11-27
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-   Aggregate volume

 

-   Price

 

 

N/A

 

e)

Date of the transaction

2025-11-27

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                                     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  1,590,452
 d)  Aggregated information

     -   Aggregate volume

                                              N/A

     -   Price
 e)  Date of the transaction                  2025-11-27
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-   Aggregate volume

 

-   Price

 

 

N/A

 

e)

Date of the transaction

2025-11-27

f)

Place of the transaction

Outside a trading venue

 

 

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