REG - McBride PLC - Director/PDMR Shareholding
RNS Number : 7448AMcBride PLC13 September 2018RNS Announcement
Notification and public disclosure of settlement of LTIP and DBP Awards to Directors
13 September 2018
McBride plc confirms that share related awards have vested under the terms of both the McBride plc 2014 Long Term Incentive Plan (the LTIP) and the McBride plc 2012 Deferred Annual Bonus Plan (the DBP) to Directors as set out below.
Long Term Incentive Plan
The awards were vested at the end of a three-year period in accordance with the achievement of performance targets set out in the LTIP, and will not require any payment from the individuals. The awards were settled partly in shares and partly in cash (in lieu of shares). The cash settled element was at no greater than equal to such number of reference shares, as would have otherwise been sold to cover taxes.
Name
Status
No. of reference shares subject to vesting
No. of reference shares cash settled at £1.28 per share
No. of reference shares share settled
Rik De Vos
Chief Executive Officer
Director
219,790
103,301
116,489
Chris Smith
Chief Finance Officer
Director
137,368
25,500
111,868
Deferred Annual Bonus Plan
The awards were vested at the end of a three-year period and reflect the proportion of the 2015 annual bonus deferred as agreed by the Remuneration Committee at that time. The awards were settled in shares and then sales of sufficient of such shares arranged on the same day to cover taxes and sales fees.
Name
Status
No. of shares subject to vesting
No. of shares sold to cover taxes and fees at £1.3520
No. of shares retained net of taxes and fees
Rik De Vos
Chief Executive Officer
Director
39,062
18,397
20,665
Chris Smith
Chief Finance Officer
Director
28,170
13,267
14,903
Following the awards, total holding and interests of the Directors in ordinary shares in McBride plc are:
Name
Total holdings of ordinary shares
Percentage of current issued share capital (excluding treasury shares)
Total interest in ordinary shares
Rik De Vos
314,041
0.172%
1,032,023
Chris Smith
249,543
0.137%
599,235
This announcement and the following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation.
1.
Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")
a)
Name
Rik De Vos
2.
Reason for the notification
b)
Position/Status
Chief Executive Officer
c)
Initial notification/amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
McBride plc
b)
LEI
213800HX7FMPA2CIEF02
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, type of instrument
Identification Code
Ordinary shares of 10p each
GB0005746358
b)
Nature of the transaction
Vesting of an award under the Company's Long Term Incentive Plan in respect of 219,790 reference shares. The award was settled partly in shares and partly in cash (in lieu of shares).
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
Nil
116,489 - Number of reference shares acquired
103,301 - Number of reference shares cash settled at £1.28.
d)
Aggregated information
Aggregated volume
Price
As above
e)
Date of the transaction
10 September 2018
f)
Place of transaction
Outside of a trading venue
1.
Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")
a)
Name
Rik De Vos
2.
Reason for the notification
b)
Position/Status
Chief Executive Officer
c)
Initial notification/amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
McBride plc
b)
LEI
213800HX7FMPA2CIEF02
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, type of instrument
Identification Code
Ordinary shares of 10p each
GB0005746358
b)
Nature of the transaction
Vesting of an award under the Company's Deferred Annual Bonus Plan as a conditional award of shares and immediate disposal of a number of such shares.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
Sold at £1.3520 per share
39,062 - Number of shares acquired
18,397 - Number of shares sold.
d)
Aggregated information
Aggregated volume
Price
As above
e)
Date of the transaction
11 September 2018
f)
Place of transaction
In respect of the settlement outside of a trading venue. In respect of the sales on the London Stock Exchange.
1.
Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")
a)
Name
Chris Smith
2.
Reason for the notification
b)
Position/Status
Chief Finance Officer
c)
Initial notification/amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
McBride plc
b)
LEI
213800HX7FMPA2CIEF02
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, type of instrument
Identification Code
Ordinary shares of 10p each
GB0005746358
b)
Nature of the transaction
Vesting of an award under the Company's Long Term Incentive Plan in respect of 137,368 reference shares. The award was settled partly in shares and partly in cash (in lieu of shares).
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
Nil
111,868* - Number of reference shares acquired
25,500 - Number of reference shares cash settled at £1.28.
*12,000 shares immediately allocated to PCA as notified below.
d)
Aggregated information
Aggregated volume
Price
As above
e)
Date of the transaction
10 September 2018
f)
Place of transaction
Outside of a trading venue
1.
Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")
a)
Name
Harriet Smith
2.
Reason for the notification
b)
Position/Status
PCA of Chris Smith, Chief Finance Officer
c)
Initial notification/amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
McBride plc
b)
LEI
213800HX7FMPA2CIEF02
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, type of instrument
Identification Code
Ordinary shares of 10p each
GB0005746358
b)
Nature of the transaction
Acquisition of shares for nil consideration
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
12,000 - Number of shares acquired
d)
Aggregated information
Aggregated volume
Price
As above
e)
Date of the transaction
10 September 2018
f)
Place of transaction
Outside of a trading venue
1.
Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")
a)
Name
Chris Smith
2.
Reason for the notification
b)
Position/Status
Chief Finance Officer
c)
Initial notification/amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
McBride plc
b)
LEI
213800HX7FMPA2CIEF02
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, type of instrument
Identification Code
Ordinary shares of 10p each
GB0005746358
b)
Nature of the transaction
Vesting of an award under the Company's Deferred Annual Bonus Plan as a conditional award of shares and immediate disposal of a number of such shares.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
Sold at £1.3520 per share
28,170 - Number of shares acquired
13,267 - Number of shares sold
d)
Aggregated information
Aggregated volume
Price
As above
e)
Date of the transaction
11 September 2018
f)
Place of transaction
In respect of the settlement outside of a trading venue. In respect of the sales on the London Stock Exchange.
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 or visit www.rns.com.ENDDSHKMGMLKFLGRZM
Recent news on McBride
See all newsREG - McBride PLC - Holding(s) in Company
AnnouncementREG - McBride PLC - Holding(s) in Company
AnnouncementREG - McBride PLC - Holding(s) in Company
AnnouncementREG - McBride PLC - Director/PDMR Shareholding
AnnouncementREG - McBride PLC - Director/PDMR Shareholding
Announcement