REG - McBride PLC - Notification and public disclosure of LTIP <Origin Href="QuoteRef">MCB.L</Origin>

McBrideAnnouncement

27/02/2018 17:05

RNS Number : 1428G
McBride PLC
27 February 2018
RNS Announcement
Notification and public disclosure of LTIP Awards to Directors and Persons Discharging Managerial Responsibilities ("PDMR")
27 February 2018
McBride plc confirms that awards of shares have vested under the terms of the McBride plc 2014 Long Term Incentive Plan (the Plan) to Directors as set out below.
The awards were vested at the end of a three-year period in accordance with the achievement of performance targets set out in the Plan, and will not require any payment from the individuals. The awards represent the net number of shares due after the addition of dividend shares and the appropriate tax and sale fees were taken into account.
Name
Status
No. of shares subject to vesting
No. of shares sold to cover taxes and fees
No. of shares retained net of taxes and fees
Rik De Vos
Chief Executive Officer
Director
206,054
69,167
136,887
Chris Smith
Chief Finance Officer
Director
154,540
72,779
81,761
These awards were satisfied by the transfer of 360,594 treasury shares. Following this, the number of ordinary shares of 10 pence each with voting rights is 182,569,903.
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
176,887
0.097%
960,031
Chris Smith
122,772
0.067%
585,504
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 as a conditional award of shares.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
192,123 - Number of shares vesting
13,931 - Number of shares awarded at vesting in lieu of dividends paid during vesting period.
136,887 - Number of shares acquired after reduction for appropriate tax and national insurance liabilities and sale fees
d)
Aggregated information
Aggregated volume
Price
As above
e)
Date of the transaction
23 February 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 Financial 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 as a conditional award of shares.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
144,092 - Number of shares vesting
10,448 - Number of shares awarded at vesting in lieu of dividends paid during vesting period.
81,761* - Number of shares acquired after reduction for appropriate tax and national insurance liabilities and sale fees.
*20,000 shares allocated to PCA as notified below.
d)
Aggregated information
Aggregated volume
Price
As above
e)
Date of the transaction
23 February 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 Financial 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 as a conditional award of shares.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
20,000 - Number of shares vesting
*20,000 shares allocated from Chris Smith vesting.
d)
Aggregated information
Aggregated volume
Price
As above
e)
Date of the transaction
23 February 2018
f)
Place of transaction
Outside of a trading venue

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