Director/PDMR Shareholding*
01 February 2024 - 1:21AM
EQS Regulatory News
Britvic plc (BVIC )
Director/PDMR Shareholding*
31-Jan-2024 / 14:21 GMT/BST
Britvic plc
LEI: 635400L3NVMYD4BVCI53
30 January 2024
Director Shareholder
Britvic plc (the “Company”) announces partial vesting on 28
January 2024 of awards over the Company’s ordinary shares of 20
pence per share (“Shares”) made on 28 January 2021 under the
Company’s Performance Share Plan (“PSP”) to Executive
Directors.
The performance criteria attached to the PSP award were
Relative Total Shareholder Returns and adjusted, diluted EPS.
Considering the performance against the criteria, 60.7% of the PSP
vested on 28 January 2024. Details
of the number of Shares under the PSP that vested in respect of
Executive Directors are as follows:
Name of Executive
Director
|
Number of Shares vested
|
Number of Shares sold
1
|
Simon
Litherland
|
86,762
|
40,922
|
As a result of the above transactions, the interests of the
above Executive Directors and their connected persons in the
Company’s Shares (excluding options, awards under the Company’s
LTIPs and interests as potential beneficiaries of the Company’s
Employee Benefit Trusts) are as follows:
Name of Executive
Director
|
Number of Shares
|
Name of Connected Person
|
Number of Shares
|
Total Shares
|
Percentage of Issued Share
Capital
|
Simon Litherland
|
439,902
|
-
|
-
|
439,902
|
0.18%
|
Notes
-
The participant sold the number of shares stated to cover
liabilities for income tax and national insurance contributions
arising on vesting in addition to dealing
costs. The sale was made on 29
January 2024 at a price of 886.422 pence per Share.
-
The net resulting 45,840 shares are to be held for a further
2 years in line with the Directors Remuneration Policy.
This notification is made in accordance with DTR 3.1.4R(1)(a)
of the FCA’s Disclosure Guidance and Transparency
Rules.
The attached notifications, made in accordance with Article
19(3) of the EU Market Abuse Regulation, provide further
information.
Mollie Stoker
Company Secretary
-
Details
of the person discharging managerial responsibilities/person
closely associated
|
(a)
|
Name
|
Simon Litherland
|
Reason for the notification
|
(a)
|
Position/status
|
Chief Executive Officer, Executive Director
|
(b)
|
Initial notification/Amendment
|
|
-
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
(a)
|
Name
|
Britvic plc
|
(b)
|
LEI
|
635400L3NVMYD4BVCI53
|
-
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 20 pence each
ISIN: GB00B0N8QD54
|
(b)
|
Nature of the transaction
|
Sale of Shares to cover tax liabilities and dealing
costs
|
(c)
|
Price(s) and volume(s)
|
Price(s)
£8.86422
|
Volume(s)
40,922
|
(d)
|
Aggregated information
|
40,922
£362,741.61
|
|
(e)
|
Date and time of the transaction
|
29 January 2024
|
(f)
|
Place of the transaction
|
London Stock Exchange, Main Market (XLON)
|
-
Details
of the person discharging managerial responsibilities/person
closely associated
|
(a)
|
Name
|
Simon Litherland
|
Reason for the notification
|
(a)
|
Position/status
|
Chief Executive Officer, Executive Director
|
(b)
|
Initial notification/Amendment
|
Initial notification
|
-
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
(a)
|
Name
|
Britvic plc
|
(b)
|
LEI
|
635400L3NVMYD4BVCI53
|
-
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 20 pence each
ISIN: GB00B0N8QD54
|
(b)
|
Nature of the transaction
|
Vesting of shares under the Britvic 2019 Performance Share
Plan
|
(c)
|
Price(s) and volume(s)
|
Price(s)
£0
|
Volume(s)
86,762
|
(d)
|
Aggregated information
|
n/a
£0
|
|
(e)
|
Date and time of the transaction
|
29 January 2024
|
(f)
|
Place of the transaction
|
London Stock Exchange, Main Market (XLON)
|
Dissemination of a Regulatory Announcement, transmitted by EQS
Group.
The issuer is solely responsible for the content of this
announcement.
|
| |
ISIN: |
GB00B0N8QD54 |
Category Code: |
DSH |
TIDM: |
BVIC |
LEI Code: |
635400L3NVMYD4BVCI53 |
OAM Categories: |
3.1. Additional regulated information required to be disclosed
under the laws of a Member State |
Sequence No.: |
300918 |
EQS News ID: |
1827377 |
|
End of Announcement |
EQS News Service |
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