TIDMCRPR
RNS Number : 3716I
Cropper(James) PLC
12 August 2021
12 August 2021
James Cropper Plc
(the "Company")
Grant of Awards under Long Term Incentive Plan
The Company announces that on 11 August 2021, pursuant to the
Company's Long Term Incentive Plan ("LTIP"), conditional awards of
ordinary shares of 25p each ("Shares"), or cash equivalent, were
made to certain Directors, PDMRs and employees. The LTIP grants
participating employees conditional right to become entitled to
options with an exercise price of nil over Shares in the Company.
Grant awards to Directors and PDMRs are set out below:
Grant Date: 11 August 2021 Award Reference Price: 1368.8p per Share
Maximum Number
of Shares options Nature of conditional
under LTIP award award
Mark Cropper Director 2,940 Cash award
--------- ------------------- ----------------------
Phil Wild Director 11,612 Free cost options
--------- ------------------- ----------------------
Steve Adams Director 6,112 Free cost options
--------- ------------------- ----------------------
Isabelle Maddock Director 6,112 Free cost options
--------- ------------------- ----------------------
Martin Thompson Director 6,112 Free cost options
--------- ------------------- ----------------------
Patrick Willink Director 5,700 Cash award
--------- ------------------- ----------------------
Jim Aldridge PDMR 646 Free cost options
--------- ------------------- ----------------------
Rachel Armer PDMR 646 Free cost options
--------- ------------------- ----------------------
Nick Barnes PDMR 710 Free cost options
--------- ------------------- ----------------------
Claire Brough PDMR 406 Free cost options
--------- ------------------- ----------------------
Caroline Noble PDMR 585 Free cost options
--------- ------------------- ----------------------
Conditional cash awards ("Cash Awards") grant participating
employees a conditional right to be paid a cash amount based on the
proceeds of the sale of a specified number of Shares following the
vesting of the award.
The Remuneration Committee recognises the importance of
incentivising and retaining key employees and is therefore
supporting of awarding the LTIPs. The LTIPs will vest in 3 years'
time and in the situation of increased profitability. Therefore,
despite the current challenging environment, the committee
recognises this award does not place any additional financial
burden on the company today and reflects improved performance in
future years.
The LTIP options are subject to the achievement of
pre-determined performance conditions and become exercisable at the
end of a pre-determined holding period from the date of the award.
Further details are set out in the appendix below:
Appendix
The number of options that can be awarded to any participant in
a financial year under the Plan, determined by reference to
Company's 20-day average mid-market share price at the time of the
award, is limited to a maximum of 75% of the participant's basic
salary.
The LTIP awards are subject to the achievement of certain
performance conditions, specific to each participant, as set out
below:
Conditions of Award for Participants
(i) Earnings per share conditions
- Awards will vest in full on the third anniversary of the Award
provided the growth in the Company's earnings per share, adjusted
for IFRS pension adjustments and exceptional items, between the
preceding financial year end when the award was granted and the
preceding financial year end when the grant is vested exceed the
increase in retail price index plus 20% per annum;
- Awards will vest at 25% on the third anniversary of the Award
if the growth in the Company's earnings per share, adjusted for
IFRS pension adjustments and exceptional items, between the
preceding financial year end when the award was granted and the
preceding financial year end when the grant is vested exceed the
increase in retail price index plus 6.0% per annum;
- Awards will vest proportionally between 25% and 100% on the
third anniversary of the Award if the growth in the Company's
earnings per share, adjusted for IFRS adjustments and exceptional
items, between the preceding financial year end when the award was
granted and the preceding financial year end when the grant is
vested exceed the increase in retail price index by more than 6.0%
but less than 20% per annum; and
- Awards will lapse on the third anniversary of the Award if the
growth in the Company's earnings per share, adjusted for IFRS
pension adjustments and exceptional items, between the preceding
financial year end when the award was granted and the preceding
financial year end when the grant is vested, does not exceed the
increase in retail price plus 6.0% per annum.
Enquiries:
James Cropper PLC (AIM: CRPR) Shore Capital
Isabelle Maddock, Chief Financial Robert Finlay, Henry Willcocks
Officer John More
Jim Aldridge, Company Secretary Tel: + 44 (0) 20 7601 6100
Tel: +44 (0) 1539 722002
www.jamescropper.com
The information below (set out in accordance with the
requirements of EU Market Abuse Regulation) provides further
detail:
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Mark Cropper
--------------------------------- ---------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Director, Chairman
--------------------------------- ---------------------------------
b) Initial notification /Amendment Initial Notification
--------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name James Cropper plc
--------------------------------- ---------------------------------
b) LEI 213800XM78VTDYGBRM93
--------------------------------- ---------------------------------
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 Ordinary Shares of 25p each
instrument, type of instrument
--------------------------------- ---------------------------------
b) Identification code GB0002346053
--------------------------------- ---------------------------------
c) Nature of the transaction Granting of cash settled Share
Options under the James Cropper
plc LTIP award
--------------------------------- ---------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 2,940
----------
--------------------------------- ---------------------------------
d) Aggregated information
- Aggregated volume 2,940
- Price 0.00
--------------------------------------- ---------------------------------
e) Date of the transaction 11 August 2021
--------------------------------- ---------------------------------
f) Place of the transaction Off Exchange
--------------------------------- ---------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Phil Wild
--------------------------------- -----------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Director, 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 James Cropper plc
--------------------------------- -----------------------------------
b) LEI 213800XM78VTDYGBRM93
--------------------------------- -----------------------------------
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 Ordinary Shares of 25p each
instrument, type of instrument
--------------------------------- -----------------------------------
b) Identification code GB0002346053
--------------------------------- -----------------------------------
c) Nature of the transaction Granting of Share Options under
the James Cropper plc LTIP award.
--------------------------------- -----------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 11,612
----------
--------------------------------- -----------------------------------
d) Aggregated information
- Aggregated volume 11,612
- Price 0.00
--------------------------------------- -----------------------------------
e) Date of the transaction 11 August 2021
--------------------------------- -----------------------------------
f) Place of the transaction Off Exchange
--------------------------------- -----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Steve Adams
--------------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Director, Managing Director
of Paper Division
--------------------------------- ----------------------------------
b) Initial notification /Amendment Initial Notification
--------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name James Cropper plc
--------------------------------- ----------------------------------
b) LEI 213800XM78VTDYGBRM93
--------------------------------- ----------------------------------
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 Ordinary Shares of 25p each
instrument, type of instrument
--------------------------------- ----------------------------------
b) Identification code GB0002346053
--------------------------------- ----------------------------------
c) Nature of the transaction Granting of Share Options under
the James Cropper plc LTIP award
--------------------------------- ----------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 6,112
----------
--------------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume 6,112
- Price 0.00
--------------------------------------- ----------------------------------
e) Date of the transaction 11 August 2021
--------------------------------- ----------------------------------
f) Place of the transaction Off Exchange
--------------------------------- ----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Isabelle Maddock
--------------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Director, 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 James Cropper plc
--------------------------------- ----------------------------------
b) LEI 213800XM78VTDYGBRM93
--------------------------------- ----------------------------------
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 Ordinary Shares of 25p each
instrument, type of instrument
--------------------------------- ----------------------------------
b) Identification code GB0002346053
--------------------------------- ----------------------------------
c) Nature of the transaction Granting of Share Options under
the James Cropper plc LTIP award
--------------------------------- ----------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 6,112
----------
--------------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume 6,112
- Price 0.00
--------------------------------------- ----------------------------------
e) Date of the transaction 11 August 2021
--------------------------------- ----------------------------------
f) Place of the transaction Off Exchange
--------------------------------- ----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Martin Thompson
--------------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Director, Managing Director
of TFP Division
--------------------------------- ----------------------------------
b) Initial notification /Amendment Initial Notification
--------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name James Cropper plc
--------------------------------- ----------------------------------
b) LEI 213800XM78VTDYGBRM93
--------------------------------- ----------------------------------
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 Ordinary Shares of 25p each
instrument, type of instrument
--------------------------------- ----------------------------------
b) Identification code GB0002346053
--------------------------------- ----------------------------------
c) Nature of the transaction Granting of Share Options under
the James Cropper plc LTIP award
--------------------------------- ----------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 6,112
----------
--------------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume 6,112
- Price 0.00
--------------------------------------- ----------------------------------
e) Date of the transaction 11 August 2021
--------------------------------- ----------------------------------
f) Place of the transaction Off Exchange
--------------------------------- ----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Patrick Willink
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Director, Managing Director of Colourform
Division
--------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name James Cropper plc
--------------------------- ------------------------------------------
b) LEI 213800XM78VTDYGBRM93
--------------------------- ------------------------------------------
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 Ordinary Shares of 25p each
financial instrument,
type of instrument
--------------------------- ------------------------------------------
b) Identification code GB0002346053
--------------------------- ------------------------------------------
c) Nature of the transaction Granting of cash settled Share Options
under the James Cropper plc LTIP award
--------------------------- ------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 5,700
----------
--------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume 5,700
- Price 0.00
--------------------------------- ------------------------------------------
e) Date of the transaction 11 August 2021
--------------------------- ------------------------------------------
f) Place of the transaction Off Exchange
--------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Jim Aldridge
----------------------------- -------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status PDMR, Company Secretary
----------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name James Cropper plc
----------------------------- -------------------------------------
b) LEI 213800XM78VTDYGBRM93
----------------------------- -------------------------------------
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 Ordinary Shares of 25p each
financial instrument,
type of instrument
----------------------------- -------------------------------------
b) Identification code GB0002346053
----------------------------- -------------------------------------
c) Nature of the transaction Granting of Share Options under the
James Cropper plc LTIP award
----------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 646
----------
----------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume 646
- Price 0.00
----------------------------------- -------------------------------------
e) Date of the transaction 11 August 2021
----------------------------- -------------------------------------
f) Place of the transaction Off Exchange
----------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Nick Barnes
--------------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status PDMR, Global Sales Director
--------------------------------- ----------------------------------
b) Initial notification /Amendment Initial Notification
--------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name James Cropper plc
--------------------------------- ----------------------------------
b) LEI 213800XM78VTDYGBRM93
--------------------------------- ----------------------------------
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 Ordinary Shares of 25p each
instrument, type of instrument
--------------------------------- ----------------------------------
b) Identification code GB0002346053
--------------------------------- ----------------------------------
c) Nature of the transaction Granting of Share Options under
the James Cropper plc LTIP award
--------------------------------- ----------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 710
----------
--------------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume 710
- Price 0.00
--------------------------------------- ----------------------------------
e) Date of the transaction 11 August 2021
--------------------------------- ----------------------------------
f) Place of the transaction Off Exchange
--------------------------------- ----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Claire Brough
--------------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status PDMR, Head of Finance
--------------------------------- ----------------------------------
b) Initial notification /Amendment Initial Notification
--------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name James Cropper plc
--------------------------------- ----------------------------------
b) LEI 213800XM78VTDYGBRM93
--------------------------------- ----------------------------------
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 Ordinary Shares of 25p each
instrument, type of instrument
--------------------------------- ----------------------------------
b) Identification code GB0002346053
--------------------------------- ----------------------------------
c) Nature of the transaction Granting of Share Options under
the James Cropper plc LTIP award
--------------------------------- ----------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 406
----------
--------------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume 406
- Price 0.00
--------------------------------------- ----------------------------------
e) Date of the transaction 11 August 2021
--------------------------------- ----------------------------------
f) Place of the transaction Off Exchange
--------------------------------- ----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Caroline Noble
--------------------------------- -----------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status PDMR, Head of Information Services
--------------------------------- -----------------------------------
b) Initial notification /Amendment Initial Notification
--------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name James Cropper plc
--------------------------------- -----------------------------------
b) LEI 213800XM78VTDYGBRM93
--------------------------------- -----------------------------------
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 Ordinary Shares of 25p each
instrument, type of instrument
--------------------------------- -----------------------------------
b) Identification code GB0002346053
--------------------------------- -----------------------------------
c) Nature of the transaction Granting of Share Options under
the James Cropper plc LTIP award
--------------------------------- -----------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 585
----------
--------------------------------- -----------------------------------
d) Aggregated information
- Aggregated volume 585
- Price 0.00
--------------------------------------- -----------------------------------
e) Date of the transaction 11 August 2021
--------------------------------- -----------------------------------
f) Place of the transaction Off Exchange
--------------------------------- -----------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Rachel Armer
--------------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status PDMR, Head of Human Resources
--------------------------------- ----------------------------------
b) Initial notification /Amendment Initial Notification
--------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name James Cropper plc
--------------------------------- ----------------------------------
b) LEI 213800XM78VTDYGBRM93
--------------------------------- ----------------------------------
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 Ordinary Shares of 25p each
instrument, type of instrument
--------------------------------- ----------------------------------
b) Identification code GB0002346053
--------------------------------- ----------------------------------
c) Nature of the transaction Granting of Share Options under
the James Cropper plc LTIP award
--------------------------------- ----------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
0.00 646
----------
--------------------------------- ----------------------------------
d) Aggregated information
- Aggregated volume 646
- Price 0.00
--------------------------------------- ----------------------------------
e) Date of the transaction 11 August 2021
--------------------------------- ----------------------------------
f) Place of the transaction Off 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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFLFLATTILLIL
(END) Dow Jones Newswires
August 12, 2021 02:00 ET (06:00 GMT)
Cropper (james) (LSE:CRPR)
Historical Stock Chart
From Apr 2024 to May 2024
Cropper (james) (LSE:CRPR)
Historical Stock Chart
From May 2023 to May 2024