TIDMGLO

RNS Number : 2075Z

ContourGlobal PLC

19 May 2021

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 17(th) May 2021, the following deferred bonus awards over ordinary shares of 1 pence in ContourGlobal plc ("Shares") 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        156,091               Deferred Bonus Award 
                        --------------------  --------------------- 
 Stefan L. Schellinger   79,040                Deferred Bonus Award 
                        --------------------  --------------------- 
 

The award is structured as a conditional award of shares and will ordinarily vest on 10(th) March 2023. Pursuant to the Company's remuneration policy requiring that any bonus in excess of 50% of maximum be deferred into shares for a period of two years, the deferred bonus awards represent a deferral of 41% of the bonus amount determined for Mr. Brandt and Mr. Schellinger respectively for the 2020 bonus year. 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 the financial     Ordinary Shares of 1 pence each in 
       instrument, type of              ContourGlobal plc 
       instrument                       GB00BF448H58 
       Identification code 
     -------------------------------  ------------------------------------------- 
 b)   Nature of the transaction        Grant of a deferred bonus award under 
                                        the ContourGlobal plc Long Term Incentive 
                                        Plan. The award is structured as a 
                                        conditional award of shares and will 
                                        ordinarily vest on 10(th) March 2023. 
     -------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                         1.926      156,091 
                                                   ---------- 
     -------------------------------  ------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------------- 
 e)   Date of the transaction          2021-5-17 
     -------------------------------  ------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Stefan L. Schellinger 
     -------------------------------  ------------------------------------------- 
 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 the financial     Ordinary Shares of 1 pence each in 
       instrument, type of              ContourGlobal plc 
       instrument                       GB00BF448H58 
       Identification code 
     -------------------------------  ------------------------------------------- 
 b)   Nature of the transaction        Grant of a deferred bonus award under 
                                        the ContourGlobal plc Long Term Incentive 
                                        Plan. The award is structured as a 
                                        conditional award of shares and will 
                                        ordinarily vest on 10(th) March 2023. 
     -------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)   Volume(s) 
                                         1.926      79,040 
                                                   ---------- 
     -------------------------------  ------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------------- 
 e)   Date of the transaction          2021-5-17 
     -------------------------------  ------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------------- 
 

Vicky Dalby

Company Secretary

19 May 2021

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

DSHSFWFWUEFSEEI

(END) Dow Jones Newswires

May 19, 2021 13:28 ET (17:28 GMT)

Contourglobal (LSE:GLO)
Historical Stock Chart
From Apr 2022 to May 2022 Click Here for more Contourglobal Charts.
Contourglobal (LSE:GLO)
Historical Stock Chart
From May 2021 to May 2022 Click Here for more Contourglobal Charts.