TIDMGLO

RNS Number : 8204P

ContourGlobal PLC

22 June 2022

ContourGlobal plc

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

On 17 June 2022, the Performance Share Award granted on 17 June 2019 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         Total        Shares            Number 
                      of shares    of shares    of dividend    number       sold on           of shares 
                      under        vested       equivalent     of shares    17 June           retained 
                      award        on 17        shares         acquired     2022 to           following 
                      granted      June         on vested                   cover relevant    sale 
                      on 17        2022*        LTIP award                  tax and 
                      June                                                  withholding 
                      2019                                                  liabilities 
 Joseph C. Brandt    482,183      249,770      48,593         298,363      133,437           164,926 
                    -----------  -----------  -------------  -----------  ----------------  ----------- 
 

* The number of shares vested was based on the Company achieving 51.8 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

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             Joseph C. Brandt 
     -------------------------------  ---------------------------------------- 
      Reason for Notification 
  2 
     ------------------------------------------------------------------------- 
 a)   Position/status                  President and Chief Executive Officer 
     -------------------------------  ---------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  ---------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                             ContourGlobal plc 
     -------------------------------  ---------------------------------------- 
 b)   LEI                              5493002I3A4J5TFOR115 
     -------------------------------  ---------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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               Ordinary Shares of 1 pence each in 
       financial instrument,            ContourGlobal plc 
       type of 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) 
                                                    Nil         298,363 
                                                               ---------- 
     -------------------------------  ---------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      298,363 
                                         GBP0,00 
 
             *    Price 
     -------------------------------  ---------------------------------------- 
 e)   Date of the transaction          2022 06 21 
     -------------------------------  ---------------------------------------- 
 f)   Place of the transaction         Outside a trading venue (XOFF) 
     -------------------------------  ---------------------------------------- 
 

Sale of Shares

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             Joseph C. Brandt 
     -------------------------------  ------------------------------------------ 
      Reason for Notification 
  2 
     --------------------------------------------------------------------------- 
 a)   Position/status                  President and Chief Executive Officer 
     -------------------------------  ------------------------------------------ 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  ------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                             ContourGlobal plc 
     -------------------------------  ------------------------------------------ 
 b)   LEI                              5493002I3A4J5TFOR115 
     -------------------------------  ------------------------------------------ 
      Details of the transaction(s): section to be repeated for 
  4    (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               Ordinary Shares of 1 pence each in 
       financial instrument,            ContourGlobal plc 
       type of 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 17 June 
                                        2022) of the Performance Share Award 
                                        under the ContourGlobal plc Long Term 
                                        Incentive Plan. 
     -------------------------------  ------------------------------------------ 
 c)       Price(s) and volume(s)                       Price(s)    Volume(s) 
                                                       GBP2.4887     133,437 
                                                                   ---------- 
     -------------------------------  ------------------------------------------ 
 d)         Aggregated information 
             *    Aggregated volume                      133,437 
                                                        GBP2.4887 
 
                   *    Price 
     -------------------------------  ------------------------------------------ 
 e)      Date of the transaction                      2021-07-21 
     -------------------------------  ------------------------------------------ 
 f)   Place of the transaction         Outside a trading venue (XOFF) 
     -------------------------------  ------------------------------------------ 
 

On behalf of LDC Nominees Secretary Limited

Company Secretary

22 June 2022

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