REG - Smurfit Kappa GrpPLC - Director/PDMR Shareholding
RNS Number : 3091ISmurfit Kappa Group PLC31 March 2020Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Tony Smurfit
Reason for the notification
a)
Position/status
Group Chief Executive Officer
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smurfit Kappa Group plc
b)
LEI
635400CPLP8H5ITDVT56
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 €0.001 each
IE00B1RR8406
b)
Nature of the transaction
1. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Deferred Bonus Plan
2. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Performance Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1. €33.91 (see (g))
17,460
2. Nil (see (g))
93,719
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
27 March 2020
f)
Place of the transaction
Dublin, Ireland
g)
Additional Information
1. Average price of shares acquired by the Trustee
2. We note the recent downward trend in our share price which we believe to be as a result of the Coronavirus impact on global stock markets and not as a result of factors specific to the Smurfit Kappa Group, and as such we have continued to grant awards in line with our normal policy. The Remuneration Committee retains discretion under the Group's Performance Share Plan and the shareholder approved remuneration policy to override formulaic out‐turns at the end of the performance period to ensure that they are appropriate and reflective of overall performance and that there are not windfall gains.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Ken Bowles
Reason for the notification
a)
Position/status
Group Chief Financial Officer
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smurfit Kappa Group plc
b)
LEI
635400CPLP8H5ITDVT56
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 €0.001 each
IE00B1RR8406
b)
Nature of the transaction
3. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Deferred Bonus Plan
4. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Performance Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
3. €33.91 (see (g))
9,798
4. Nil (see (g))
43,547
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
27 March 2020
f)
Place of the transaction
Dublin, Ireland
g)
Additional Information
1. Average price of shares acquired by the Trustee
2. We note the recent downward trend in our share price which we believe to be as a result of the Coronavirus impact on global stock markets and not as a result of factors specific to the Smurfit Kappa Group, and as such we have continued to grant awards in line with our normal policy. The Remuneration Committee retains discretion under the Group's Performance Share Plan and the shareholder approved remuneration policy to override formulaic out‐turns at the end of the performance period to ensure that they are appropriate and reflective of overall performance and that there are not windfall gains.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Michael O'Riordan
Reason for the notification
a)
Position/status
Group Company Secretary
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smurfit Kappa Group plc
b)
LEI
635400CPLP8H5ITDVT56
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 €0.001 each
IE00B1RR8406
b)
Nature of the transaction
5. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Deferred Bonus Plan
6. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Performance Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
5. €33.91 (see (g))
4,976
6. Nil (see (g))
24,116
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
27 March 2020
f)
Place of the transaction
Dublin, Ireland
g)
Additional Information
1. Average price of shares acquired by the Trustee
2. We note the recent downward trend in our share price which we believe to be as a result of the Coronavirus impact on global stock markets and not as a result of factors specific to the Smurfit Kappa Group, and as such we have continued to grant awards in line with our normal policy. The Remuneration Committee retains discretion under the Group's Performance Share Plan and the shareholder approved remuneration policy to override formulaic out‐turns at the end of the performance period to ensure that they are appropriate and reflective of overall performance and that there are not windfall gains.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Paul Regan
Reason for the notification
a)
Position/status
Group Treasurer
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smurfit Kappa Group plc
b)
LEI
635400CPLP8H5ITDVT56
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 €0.001 each
IE00B1RR8406
b)
Nature of the transaction
7. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Deferred Bonus Plan
8. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Performance Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
7. €33.91 (see (g))
4,620
8. Nil (see (g))
22,393
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
27 March 2020
f)
Place of the transaction
Dublin, Ireland
g)
Additional Information
1. Average price of shares acquired by the Trustee
2. We note the recent downward trend in our share price which we believe to be as a result of the Coronavirus impact on global stock markets and not as a result of factors specific to the Smurfit Kappa Group, and as such we have continued to grant awards in line with our normal policy. The Remuneration Committee retains discretion under the Group's Performance Share Plan and the shareholder approved remuneration policy to override formulaic out‐turns at the end of the performance period to ensure that they are appropriate and reflective of overall performance and that there are not windfall gains.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Saverio Mayer
Reason for the notification
a)
Position/status
Chief Executive Officer Europe
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smurfit Kappa Group plc
b)
LEI
635400CPLP8H5ITDVT56
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 €0.001 each
IE00B1RR8406
b)
Nature of the transaction
9. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Deferred Bonus Plan
10. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Performance Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
9. €33.91 (see (g))
6,945
10. Nil (see (g))
41,462
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
27 March 2020
f)
Place of the transaction
Dublin, Ireland
g)
Additional Information
1. Average price of shares acquired by the Trustee
2. We note the recent downward trend in our share price which we believe to be as a result of the Coronavirus impact on global stock markets and not as a result of factors specific to the Smurfit Kappa Group, and as such we have continued to grant awards in line with our normal policy. The Remuneration Committee retains discretion under the Group's Performance Share Plan and the shareholder approved remuneration policy to override formulaic out‐turns at the end of the performance period to ensure that they are appropriate and reflective of overall performance and that there are not windfall gains.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Juan Guillermo Castaneda
Reason for the notification
a)
Position/status
Chief Executive Officer The Americas
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Smurfit Kappa Group plc
b)
LEI
635400CPLP8H5ITDVT56
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 €0.001 each
IE00B1RR8406
b)
Nature of the transaction
11. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Deferred Bonus Plan
12. Grant of Conditional Award under the Smurfit Kappa Group plc 2018 Performance Share Plan
c)
Price(s) and volume(s)
Price(s)
Volume(s)
11. €33.91 (see (g))
5,245
12. Nil (see (g))
31,294
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
27 March 2020
f)
Place of the transaction
Dublin, Ireland
g)
Additional Information
1. Average price of shares acquired by the Trustee
2. We note the recent downward trend in our share price which we believe to be as a result of the Coronavirus impact on global stock markets and not as a result of factors specific to the Smurfit Kappa Group, and as such we have continued to grant awards in line with our normal policy. The Remuneration Committee retains discretion under the Group's Performance Share Plan and the shareholder approved remuneration policy to override formulaic out‐turns at the end of the performance period to ensure that they are appropriate and reflective of overall performance and that there are not windfall gains.
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