Marston's PLC Director/PDMR Shareholding (4358K)
14 December 2018 - 2:07AM
UK Regulatory
TIDMMARS
RNS Number : 4358K
Marston's PLC
13 December 2018
Notification of interests of directors
13 December 2018
The Company announces that on 12 December 2018, the Directors
and Person Discharging Managerial Responsibilities (PDMR) listed
below were granted awards over ordinary shares in the Company under
the Company's 2014 Long Term Incentive Plan (the "Plan"). The
awards were granted on 12 December 2018 calculated using the market
price at the close of trading on the London Stock Exchange on 12
December 2018 of 99.8 pence per ordinary share.
The awards will vest subject to the satisfaction of performance
metrics which are based on a combination of Cash Return On Cash
Capital Employed (CROCCE), Free Cash Flow (FCF) and Relative Total
Shareholder Return assessed over the Company's 2018/2019, 2019/2020
and 2020/2021 financial years. To the extent an award vests, it
will be released (so that the participant is entitled to acquire
the shares) following the end of a further two year holding
period.
Name Designation Number of shares
subject to LTIP
Award)
Andrew Andrea Director 473,033
------------- -----------------
Ralph Findlay Director 706,287
------------- -----------------
Richard Westwood PDMR 277,929
------------- -----------------
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
Enquiries: Anne-Marie Brennan, Group Secretary, Marston's PLC,
+44 (0) 1902 329163
1. Details of PDMR / PCA (person closely associated)
(a) Name Andrew Andrea
-------------------------- -------------------------------------------------
(b) Position/status Director and PDMR (Chief Financial and Corporate
Development Officer)
-------------------------- -------------------------------------------------
(c) Initial notification/ Initial notification
amendment
-------------------------- -------------------------------------------------
2. Details of the issuer
-----------------------------------------------------------------------------
(a) Name Marston's PLC
-------------------------- -------------------------------------------------
3. 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 Ordinary shares of 7.375p each
the financial instrument
ISIN GB00B1JQDM80
-------------------------- -------------------------------------------------
(b) Nature of the transaction Grant of award under the Long Term Incentive
Plan in the form of a nil-cost option.
-------------------------- -------------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
Nil-cost option: Nil-cost option: 473,033
N/A
-------------------------
-------------------------- -------------------------------------------------
(d) Aggregated information n/a single transaction
Aggregated volume n/a single transaction
price
-------------------------- -------------------------------------------------
(e) Date of the transaction 2018-12-12
-------------------------- -------------------------------------------------
(f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------------------
1. Details of PDMR / PCA (person closely associated)
(a) Name Ralph Findlay
-------------------------- -----------------------------------------------
(b) Position/status Director and PDMR (CEO)
-------------------------- -----------------------------------------------
(c) Initial notification/ Initial notification
amendment
-------------------------- -----------------------------------------------
2. Details of the issuer
---------------------------------------------------------------------------
(a) Name Marston's PLC
-------------------------- -----------------------------------------------
3. 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 Ordinary shares of 7.375p each
financial instrument
ISIN GB00B1JQDM80
-------------------------- -----------------------------------------------
(b) Nature of the transaction Grant of award under the Long Term Incentive
Plan in the form of a nil-cost option.
-------------------------- -----------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
Nil-cost option: Nil-cost option: 706,287
N/A
-------------------------
-------------------------- -----------------------------------------------
(d) Aggregated information n/a single transaction
Aggregated volume n/a single transaction
price
-------------------------- -----------------------------------------------
(e) Date of the transaction 2018-12-12
-------------------------- -----------------------------------------------
(f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------------------
1. Details of PDMR / PCA (person closely associated)
(a) Name Richard Westwood
-------------------------- ---------------------------------------------
(b) Position/status PDMR (MD, Marston's Beer Company)
-------------------------- ---------------------------------------------
(c) Initial notification/ Initial notification
amendment
-------------------------- ---------------------------------------------
2. Details of the issuer
-------------------------------------------------------------------------
(a) Name Marston's PLC
-------------------------- ---------------------------------------------
3. 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 Ordinary shares of 7.375p each
the financial instrument
ISIN GB00B1JQDM80
-------------------------- ---------------------------------------------
(b) Nature of the transaction Grant of award under the Long Term Incentive
Plan in the form of a nil-cost option.
-------------------------- ---------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
Nil-cost option: Nil-cost option:
N/A 277,929
-----------------
-------------------------- ---------------------------------------------
(d) Aggregated information n/a single transaction
Aggregated volume n/a single transaction
price
-------------------------- ---------------------------------------------
(e) Date of the transaction 2018-12-12
-------------------------- ---------------------------------------------
(f) Place of the transaction Outside a trading venue
-------------------------- ---------------------------------------------
ENDS
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END
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