TIDMGLO

RNS Number : 9192V

ContourGlobal PLC

12 August 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 11 August 2022, 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                    Number of shares   Type of award 
                          under award 
 Joseph C. Brandt        386,236            Performance Share 
                                             Award structured as 
                                             a conditional award 
                                             of shares 
                        -----------------  --------------------- 
 Stefan L. Schellinger   291,828            Performance Share 
                                             Award structured as 
                                             a conditional award 
                                             of shares 
                        -----------------  --------------------- 
 

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 absolute 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 1(st) March 2024.

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

 
      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        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         386,236 
                                                               ---------- 
     -------------------------------  ------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      Not applicable - single transaction 
 
 
             *    Price 
     -------------------------------  ------------------------------------------- 
 e)   Date of the transaction          11 August 2022 
     -------------------------------  ------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue (XOFF) 
     -------------------------------  ------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             Stefan L. Schellinger 
     -------------------------------  ------------------------------------------- 
      Reason for Notification 
  2 
     ---------------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial 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        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         291,828 
                                                               ---------- 
     -------------------------------  ------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      Not applicable - single transaction 
 
 
             *    Price 
     -------------------------------  ------------------------------------------- 
 e)   Date of the transaction          11 August 2022 
     -------------------------------  ------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue (XOFF) 
     -------------------------------  ------------------------------------------- 
 

On behalf of LDC Nominee Secretary Limited

Company Secretary

12 August 2022

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

DSHSFFFIEEESELA

(END) Dow Jones Newswires

August 12, 2022 11:41 ET (15:41 GMT)

Contourglobal (LSE:GLO)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Contourglobal Charts.
Contourglobal (LSE:GLO)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Contourglobal Charts.