Daily Mail & General Director/PDMR Shareholding
20 June 2017 - 1:18AM
UK Regulatory
TIDMDMGT
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
The information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
The Company has today confirmed long term awards under the DMGT Long Term
Executive Incentive Plan 2017 as outlined in our Remuneration Policy and in the
Company's 2016 Annual Report. The award is intended to:
* Provide a direct link between pay and performance of the business - with
the opportunity for exceptional levels of reward linked to truly
exceptional business performance.
* Reward the delivery of sustainable long term growth and capital efficiency.
To achieve this the plan has been designed to give participants a share of
profit growth before tax above a minimum growth threshold - ensuring that the
award is appropriately challenging and the Executive is not rewarded unless a
minimum performance threshold is reached.
To ensure that Shareholders' capital is used efficiently, a capital charge (or
credit) will apply for any additional capital used (or released) relative to
the starting level.
The outcome will be delivered in A Ordinary Non-Voting shares upon vesting at
the end of FY 2019, calculated by reference to a share price of GBP7.88 (the
average share price for the first 3 days following the release of FY 2016
results).
The outcome for each participant is subject to a maximum. Awards would only
vest at the maximum level were a highly exceptional level of performance to be
met, resulting in significant value creation for shareholders.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Lord Rothermere
2 Reason for the notification
a) Position/status Chairman
b) Initial notification/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
instrument, type of instrument
Identification code GB0009457366
b) Nature of the transaction Grant of award under the Daily Mail and General Trust Long
Term Executive Incentive Plan 2017. The Award is
structured as a cash award, subject to continued service
and performance conditions, the value of which will be
delivered in ordinary non-voting shares upon vesting
calculated by reference to the share price as at the start
of the performance period.
Outcomes are linked to stretching targets for cumulative
growth in profits over a minimum growth threshold, subject
to adjustment for any change in capital usage.
c) Price(s) and volume(s) Price Volume(s)
(s)
GBP0 Such number of shares as equal 1.25% of the growth
in profit before tax, subject to a minimum growth
threshold and after a charge for capital used,
over the 3 years to 30 September 2019.
Subject to a maximum of 531,091 shares.
d) Aggregated information Not applicable, single transaction.
- Aggregated volume
- Price
e) Date of the transaction 19 June 2017
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Paul Zwillenberg
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 Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
instrument, type of instrument
Identification code GB0009457366
b) Nature of the transaction Grant of award under the Daily Mail and General Trust Long
Term Executive Incentive Plan 2017. The Award is
structured as a cash award, subject to continued service
and performance conditions, the value of which will be
delivered in ordinary non-voting shares upon vesting
calculated by reference to the share price as at the start
of the performance period.
Outcomes are linked to stretching targets for cumulative
growth in profits over a minimum growth threshold, subject
to adjustment for any change in capital usage.
c) Price(s) and volume(s) Price Volume(s)
(s)
GBP0 Such number of shares as equal 1.25% of the growth
in profit before tax, subject to a minimum growth
threshold and after a charge for capital used,
over the 3 years to 30 September 2019.
Subject to a maximum of 475,888 shares.
d) Aggregated information Not applicable, single transaction.
- Aggregated volume
- Price
e) Date of the transaction 19 June 2017
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Timothy Collier
2 Reason for the notification
a) Position/status Chief Finance Officer
b) Initial notification/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
instrument, type of instrument
Identification code GB0009457366
b) Nature of the transaction Grant of award under the Daily Mail and General Trust Long
Term Executive Incentive Plan 2017. The Award is
structured as a cash award, subject to continued service
and performance conditions, the value of which will be
delivered in ordinary non-voting shares upon vesting
calculated by reference to the share price at the date
employment commenced.
Outcomes are linked to stretching targets for cumulative
growth in profits over a minimum growth threshold, subject
to adjustment for any change in capital usage.
c) Price(s) and volume(s) Price Volume(s)
(s)
GBP0 Such number of shares as equal 0.75% of the growth
in profit before tax, subject to a minimum growth
threshold and after a charge for capital used,
over the 3 years to 30 September 2019.
Subject to a maximum of 280,851 shares.
d) Aggregated information Not applicable, single transaction.
- Aggregated volume
- Price
e) Date of the transaction 19 June 2017
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Kevin J Beatty
2 Reason for the notification
a) Position/status Executive Director
b) Initial notification/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
instrument, type of instrument
Identification code GB0009457366
b) Nature of the transaction Grant of award under the Daily Mail and General Trust Long
Term Executive Incentive Plan 2017. The Award is
structured as a cash award, subject to continued service
and performance conditions, the value of which will be
delivered in ordinary non-voting shares upon vesting
calculated by reference to the share price as at the start
of the performance period.
Outcomes are linked to stretching targets for cumulative
growth in profits over a minimum growth threshold, subject
to adjustment for any change in capital usage.
c) Price(s) and volume(s) Price Volume(s)
(s)
GBP0 Such number of shares as equal 0.75% of the growth
in profit before tax, subject to a minimum growth
threshold and after a charge for capital used,
over the 3 years to 30 September 2019.
Subject to a maximum of 318,655 shares.
d) Aggregated information Not applicable, single transaction.
- Aggregated volume
- Price
e) Date of the transaction 19 June 2017
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Claire Chapman
2 Reason for the notification
a) Position/status General Counsel & 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 Daily Mail and General Trust plc
b) LEI 4OFD47D73QFJ1T1MOF29
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 A Ordinary Non-Voting Shares of 12.5 pence each
instrument, type of instrument
Identification code GB0009457366
b) Nature of the transaction Grant of award under the Daily Mail and General Trust Long
Term Executive Incentive Plan 2017. The Award is
structured as a cash award, subject to continued service
and performance conditions, the value of which will be
delivered in ordinary non-voting shares upon vesting
calculated by reference to the share price as at the start
of the performance period.
Outcomes are linked to stretching targets for cumulative
growth in profits over a minimum growth threshold, subject
to adjustment for any change in capital usage.
c) Price(s) and volume(s) Price Volume(s)
(s)
GBP0 Such number of shares as equal 0.5% of the growth
in profit before tax, subject to a minimum growth
threshold and after a charge for capital used,
over the 3 years to 30 September 2019.
Subject to a maximum of 212,437 shares.
d) Aggregated information Not applicable, single transaction.
- Aggregated volume
- Price
e) Date of the transaction 19 June 2017
f) Place of the transaction London Stock Exchange (XLON)
Name of officer responsible for making notification:
Fran Sallas, Deputy Company Secretary DMGT, 0203 615 2904
END
(END) Dow Jones Newswires
June 19, 2017 11:18 ET (15:18 GMT)
Daily Mail & General (LSE:DMGT)
Historical Stock Chart
From Apr 2024 to May 2024
Daily Mail & General (LSE:DMGT)
Historical Stock Chart
From May 2023 to May 2024