McCarthy & Stone PLC Director/PDMR Shareholding (5260V)
07 August 2020 - 8:53PM
UK Regulatory
TIDMMCS
RNS Number : 5260V
McCarthy & Stone PLC
07 August 2020
7 August 2020
McCarthy & Stone plc (the "Company")
Notification of Transactions by
Persons Discharging Managerial Responsibilities
Pursuant to the notification obligations under article 19.3 of
the Market Abuse Regulation, the Company announces the following
changes in the interests of directors and persons discharging
managerial responsibilities ("PDMRs") in the ordinary shares of 8
pence nominal value in the Company ("Shares").
McCarthy & Stone plc Long Term Incentive Plan
On 5 August 2020, awards under the Company's Long Term Incentive
Plan (the "LTIP") were made as nil--cost options to Gary Elliott
(Group HR Director) and Tracey McDermott (Chief Technology Officer)
and are subject to the rules of the LTIP. The number of shares over
which each nil-cost option was awarded was calculated by reference
to the average closing price of the Shares as derived from the
Daily Official List of the London Stock Exchange on 15, 16, 17, 20
and 21 July.
The performance conditions and targets for this LTIP grant (as
applicable) measured over a three--year performance period are:
-- FY22 ROCE -- Threshold: 14%, Maximum: 20%;
-- FY22 EPS -- Threshold: 12.p, Maximum: 17.5p.
The award in respect of Tracey McDermott is not subject to the
performance conditions above and will vest subject to continued
employment on the vesting date.
The normal date of vesting for these nil--cost options will be 5
August 2023 and the last date for exercise will be 5 August 2030,
with dividend equivalents payable in respect of the vesting of
nil--cost options in accordance with the rules of the LTIP.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Gary Elliot
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status G roup HR Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer
-----------------------------------------------------------------------------------------------------------------
a) Name McCarthy & Stone plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800CEJ4OQ5YPU8Z37
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary Shares of 8 pence nominal value each
instrument
Identification code GB00BYNVD082
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of nil-cost option over Ordinary Shares under
the McCarthy & Stone plc Long Term Incentive
Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00. 314,982
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume 314,982
- Price
GBP0.00
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2020-08-04
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Tracey McDermott
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Technology Officer
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer
-----------------------------------------------------------------------------------------------------------------
a) Name McCarthy & Stone plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800CEJ4OQ5YPU8Z37
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary Shares of 8 pence nominal value each
instrument
Identification code GB00BYNVD082
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of nil-cost option over Ordinary Shares under
the McCarthy & Stone plc Long Term Incentive
Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.00 27,389
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume 27,389
- Price
GBP0.00
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2020-08-04
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
For further information, please contact:
Scott Brooker
Deputy Group Company Secretary
07976 670155
-- Ends --
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END
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