TIDMGLO

RNS Number : 3703E

ContourGlobal PLC

06 July 2021

ContourGlobal plc

Notification of transactions by persons discharging managerial responsibilities or persons closely associated with them in accordance with the Market Abuse Regulations.

On 28 June 2021, the Performance Share Award granted on 28 June 2018 to Joseph C. Brandt under the Company's Long Term Incentive Plan ('LTIP') vested over such number of shares in the Company as set out in the table below. A number of shares were subsequently sold to satisfy Joseph C. Brandt's taxation and withholding obligations, again as set out in the table below. The remaining shares held by Joseph C. Brandt are subject to a two-year post-vesting holding period.

 
 PDMR          Number         Number        Number of      Total number   Shares sold       Number 
                of shares      of shares     dividend       of shares      on 6 July         of shares 
                under award    vested        equivalent     acquired       2021 to           retained 
                granted        on 28 June    shares on                     cover relevant    following 
                on 28 June     2021*         vested LTIP                   tax and           sale 
                2018                         award                         withholding 
                                                                           liabilities 
 Joseph 
  C. Brandt      391,646        213,055        44,650        257,705          117,801        139,904 
              -------------  ------------  -------------  -------------  ----------------  ----------- 
 

* The number of shares vested was based on the Company achieving 54.4 per cent of the performance target relating to the LTIP.

Details of the full notifications received by the Company are set out below.

Acquisition of shares

 
 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                   Acquisition of ordinary shares pursuant 
                                                   to the vesting of a Performance Share 
                                                   Award under the ContourGlobal plc Long 
                                                   Term Incentive Plan. 
     -------------------------------  --------------------------------------------------- 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                                    GBP0.00     257,705 
                                                               ---------- 
     -------------------------------  --------------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      257,705 
                                         GBP0.00 
 
             *    Price 
     -------------------------------  --------------------------------------------------- 
 e)   Date of the transaction          2021-06-28 
     -------------------------------  --------------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue (XOFF) 
     -------------------------------  --------------------------------------------------- 
 

Sale of Shares

 
 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                   Sale of ordinary shares to cover the 
                                                   relevant tax and withholding liabilities 
                                                   following the vesting 
                                                   (on 28 June 2021) of the Performance 
                                                   Share Award under the ContourGlobal 
                                                   plc Long Term Incentive Plan. 
     -------------------------------  ----------------------------------------------------- 
 c)   Price(s) and volume(s)                       Price(s)        Volume(s) 
                                                    GBP 1.954179    117,801 
                                                                   ---------- 
     -------------------------------  ----------------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      117,801 
                                         GBP 1.954179 
 
             *    Price 
     -------------------------------  ----------------------------------------------------- 
 e)   Date of the transaction          2021-07-06 
     -------------------------------  ----------------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue (XOFF) 
     -------------------------------  ----------------------------------------------------- 
 

Thema Salandy

On behalf of Link Company Matters Limited

Company Secretary

6 July 2021

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END

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July 06, 2021 13:32 ET (17:32 GMT)

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