REG-Young & Co's Brew. Director/PDMR Shareholding
11/07/2024 08:15
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Director/PDMR Shareholding
Young & Co.’s Brewery, P.L.C. (the “Company”)
Notifications by PDMRs and persons closely associated with PDMRs
Circumstances giving rise to the notifications
The Company announces that awards were granted to the executive directors
under the Long-Term Incentive Plan (‘LTIP’) on 10 July 2024, as set out
below:
PDMR Number of shares subject to awards(1) Vesting Date
Simon Dodd 51,282(2) 10 July 2027
Mike Owen 35,897(2) 10 July 2027
Tracy Dodd 18,144(3) 10 July 2027
Mark Loughborough 18,144(3) 10 July 2027
Notes
(1) The awards are in the form of a nil-cost option and no monetary
consideration was paid for the awards. The awards are subject to the
satisfaction of performance conditions. The remuneration committee has decided
that the awards will be based on the following performance conditions:
- two-thirds on the Company’s adjusted earnings per share growth to the year
ending on or around 31 March 2027; and
- one-third on total shareholder return relative to a comparator group of the
Company’s peers.
The remuneration committee believes that the selection of the above
performance conditions will ensure that the vesting outcome is fully aligned
with the shareholder experience. Further information about the plan is
provided on pages 80 to 85 and 151 to 152 of the Company’s 2024 Annual
Report.
(2) This award is equivalent to 100% of base salary. The award will vest and
become exercisable subject to continued employment with the Company and the
extent to which performance conditions are met.
(3) This award is equivalent to 75% of base salary. The award will vest and
become exercisable subject to continued employment with the Company and the
extent to which performance conditions are met.
Notifications
In connection with the above, the Company today received the following
notifications:
From Simon Dodd:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Simon Dodd
2 Reason for the notification
a) Position/status 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 Young & Co.’s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery,
P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil
cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 51,282
d) Aggregated information
- Aggregated volume
- Price
51,282
GBP Nil
e) Date of the transaction 2024-07-10
f) Place of the transaction Outside a trading venue
From Simon Dodd:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Simon Dodd
2 Reason for the notification
a) Position/status This notification concerns Simon Dodd in his additional capacity as a person
closely associated with a person discharging managerial responsibilities. The
person discharging managerial responsibilities is Tracy Dodd, the issuer’s
People Director. The association arises by virtue of Simon Dodd being the
spouse of Mrs. Dodd.
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Young & Co.’s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery,
P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil
cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 51,282
d) Aggregated information
- Aggregated volume
- Price
51,282
GBP Nil
e) Date of the transaction 2024-07-10
f) Place of the transaction Outside a trading venue
From Mike Owen:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mike Owen
2 Reason for the notification
a) Position/status 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 Young & Co.’s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery,
P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil
cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 35,897
d) Aggregated information
- Aggregated volume
- Price
35,897
GBP Nil
e) Date of the transaction 2024-07-10
f) Place of the transaction Outside a trading venue
From Tracy Dodd:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Tracy Dodd
2 Reason for the notification
a) Position/status People Director
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Young & Co.’s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery,
P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil
cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 18,144
d) Aggregated information
- Aggregated volume
- Price
18,144
GBP Nil
e) Date of the transaction 2024-07-10
f) Place of the transaction Outside a trading venue
From Tracy Dodd:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Tracy Dodd
2 Reason for the notification
a) Position/status This notification concerns Tracy Dodd in her additional capacity as a person
closely associated with a person discharging managerial responsibilities. The
person discharging managerial responsibilities is Simon Dodd, the issuer’s
Chief Executive Officer. The association arises by virtue of Tracy Dodd being
the spouse of Mr. Dodd.
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Young & Co.’s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery,
P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil
cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 18,144
d) Aggregated information
- Aggregated volume
- Price
18,144
GBP Nil
e) Date of the transaction 2024-07-10
f) Place of the transaction Outside a trading venue
From Mark Loughborough:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Loughborough
2 Reason for the notification
a) Position/status Retail Director
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Young & Co.’s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery,
P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil
cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 18,144
d) Aggregated information
- Aggregated volume
- Price
18,144
GBP Nil
e) Date of the transaction 2024-07-10
f) Place of the transaction Outside a trading venue
Chris Taylor
Company Secretary
Thursday 11 July 2024
Tel: 020 8875 7000
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