TIDMGLO

RNS Number : 2077Z

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 awards over ordinary shares of 1 pence in ContourGlobal plc (the "Company") 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        442,186               Performance Share Award 
                                                structured as a conditional 
                                                award of shares 
                        --------------------  ----------------------------- 
 Stefan L. Schellinger   389,408               Performance Share 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 awards are satisfied.

Each award is subject to three distinct performance conditions measuring: (i) as to 50% of the award, compounded annual growth in the Company's adjusted EBITDA; (ii) as to a further 25% of the award, the internal rate of return on qualifying Company projects; and (iii) as to the final 25% of the 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 2023.

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 
      Identification code              GB00BF448H58 
     -------------------------------  ------------------------------------------- 
 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) 
                                         1.926      442,186 
                                                   ---------- 
     -------------------------------  ------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------------- 
 e)   Date of the transaction          17(th) May 2021 
     -------------------------------  ------------------------------------------- 
 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 
      Identification code              GB00BF448H58 
     -------------------------------  ------------------------------------------- 
 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) 
                                         1.926      389,408 
                                                   ---------- 
     -------------------------------  ------------------------------------------- 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------------- 
 e)   Date of the transaction          17(th) May 2021 
     -------------------------------  ------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------------- 
 

Vicky Dalby

Company Secretary

19 May 2021

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END

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May 19, 2021 13:30 ET (17:30 GMT)

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