ContourGlobal PLC Director/PDMR Shareholding (9192V)
13 August 2022 - 01:41AM
UK Regulatory
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
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