ContourGlobal PLC Notification of transactions by PDMR and PCA (0223T)
29 June 2018 - 4:14PM
UK Regulatory
TIDMGLO
RNS Number : 0223T
ContourGlobal PLC
29 June 2018
29 June 2018
ContourGlobal plc
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
On 28 June 2018 the following awards over ordinary shares of 1
pence in ContourGlobal plc were granted under the ContourGlobal plc
Long Term Incentive Plan to the following persons discharging
managerial responsibilities:
PDMR No. of shares under Type of Award
Award
Joseph C. Brandt 391,646 Performance Share
Award structured
as a conditional
award of shares
-------------------- ------------------
Jean Christophe 188,585 Performance Share
Juillard Award structured
as a nil cost
option
-------------------- ------------------
The awards will ordinarily vest on the third anniversary of
grant subject to the grantee's continued service and to the extent
to which the performance conditions (as detailed below) set for the
award are satisfied.
Each award is subject to four distinct performance conditions
measuring: (i) as to 50% of each award, compounded annual growth in
the Company's adjusted EBITDA; (ii) as to a further 12.5% of each
award, the Company's internal rate of return on qualifying Company
projects; (iii) as to a further 12.5% of each award, the number of
corporate milestones completed in respect of qualifying Company
projects; and (iv) as to the final 25% of each award, the Company's
health and safety performance (measured by the Company's Lost Time
Incident Rate). The performance conditions shall each be measured
over a three-year period ending on 31 December 2020.
Details of the full notifications received by the Company are
set out below.
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Joseph C. Brandt
------------------------------- ------------------------------------
2 Reason for Notification
---------------------------------------------------------------------
a) Position/status President and Chief Executive
Officer
------------------------------- ------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
a) Name ContourGlobal plc
------------------------------- ------------------------------------
b) LEI 5493002I3A4J5TFOR115
------------------------------- ------------------------------------
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 Ordinary Shares of 1 pence
the financial instrument, each in ContourGlobal plc
type of instrument GB00BF448H58
Identification
code
------------------------------- ------------------------------------
b) Nature of the transaction Grant of a Performance Share
Award under the ContourGlobal
plc Long Term Incentive Plan.
The award is structured as
a conditional award of shares
and will ordinarily vest three
years from the date of grant,
subject to achievement of
the applicable performance
conditions.
------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 391,646
----------
------------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ------------------------------------
e) Date of the transaction 28 June 2018
------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Jean Christophe Juillard
------------------------------- ------------------------------------
2 Reason for Notification
---------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- ------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------
a) Name ContourGlobal plc
------------------------------- ------------------------------------
b) LEI 5493002I3A4J5TFOR115
------------------------------- ------------------------------------
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 Ordinary Shares of 1 pence
the financial instrument, each in ContourGlobal plc
type of instrument GB00BF448H58
Identification
code
------------------------------- ------------------------------------
b) Nature of the transaction Grant of a Performance Share
Award under the ContourGlobal
plc Long Term Incentive Plan.
The award is structured as
a nil cost option over shares
and will ordinarily vest and
become exercisable three years
from the date of grant, subject
to achievement of the applicable
performance conditions.
------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 188,585
----------
------------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- ------------------------------------
e) Date of the transaction 28 June 2018
------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- ------------------------------------
Enquiries:
Investor Relations - ContourGlobal plc
Gregory Johnson
Tel: +44 (0) 207 355 7321
investor.relations@contourglobal.com
Media - Brunswick
Charles Pretzlik / Simon Maine
Tel: +44 (0) 207 404 5959
Contourglobal@brunswickgroup.com
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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.
END
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