RNS Number : 7048S
Glanbia PLC
17 June 2024
 

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

 

Mark Garvey

 

 

 

 

2

Reason for the notification

 

a)

Position/status

 

 

Chief Financial Officer, Executive Director and Person Discharging Managerial Responsibility

 

 

 

b)

Initial Notification Amendment

 

 

Initial Notification

 

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 

Glanbia plc

 

b)

LEI

 

635400SRMCBHVMSKJS84

 

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 €0.06 each

 

ISIN: IE0000669501

b)

Nature of the transaction  

 

Grant of a retention award of 42,545 shares under which shares are granted in the form of a provisional allocation of shares for which no exercise price is payable.  Awards may not vest earlier than 31 December 2025. This follows a consultation with Glanbia plc shareholders on Resolution 6 from the company's annual general meeting held on 1 May 2024.

 

 

 

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

€Nil

 

42,545

 

(Grant of a retention award)

d)

Aggregated information

- Aggregated volume

- Price

 

Price(s)

Volume(s)

 

€Nil

 

42,545

 

(Grant of a retention award)

 

 

 

e)

Date of the transaction

 

 

2024-06-14, 08:00 UTC

 

f)

Place of the transaction

 

 

N/A (Not on a trading venue)

 

 

g)

Additional Information

The number of awards granted was determined by reference to the value of one times salary; calculated using the volume weighted average share price for the month of December 2023 which was €15.47.

 

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