Young & Co's Brew. Director/PDMR Shareholding
28 May 2019 - 10:35PM
UK Regulatory
TIDMYNGA
Young & Co.'s Brewery, P.L.C.
(the "Company")
PDMR Notifications
Circumstances giving rise to the notifications
Under the terms of the Company's deferred annual bonus awards
for the Company's financial period ended 28 March 2016, certain
directors were eligible to subscribe at nominal value for a set
number of the Company's A shares. The terms of issue included a
performance condition related to the Company's adjusted earnings
per ordinary share from continuing operations for the financial
year ending 1 April 2019 and the extent to which those earnings
exceeded the same measure for the financial period ended 30 March
2015. If the performance condition were not met in full, then the
director concerned would be required to transfer a percentage of
those shares for no consideration back to the Company, or to an
employee benefit trust designated by the Company for this
purpose.
Further background detail on the operation of the scheme as it
related to the Company's financial period ended 28 March 2016 and
the numbers of shares subsequently awarded and subscribed for is
set out in the announcements made by the Company on 19 May 2016 and
14 June 2016.
The outcome of the performance condition is now known and the
company's remuneration committee has determined that the following
directors must transfer the following shares for nil consideration
to RBT II Trustees Limited, being the trustee of the Ram Brewery
Trust II which is the employee benefit trust designated by the
Company for this purpose:
? Stephen Goodyear - 1,110 shares;
? Patrick Dardis - 775 shares; and
? Torquil Sligo-Young - 522 shares.
Notifications
In connection with the above, the Company today received the
following notifications:
From Stephen Goodyear
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Stephen Goodyear
2 Reason for the notification
a) Position/status Non-executive Chairman
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
4 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 financial instrument, type of instrument A Ordinary shares of 12.5p each in the issuer's capital.
Identification code
GB00B2NDK765
b) Nature of the transaction Transfer of shares
c) Price(s) and volume(s) Price(s)
Volume(s)
GBPnil
1,110
d) Aggregated information
- Aggregated volume 1,110
- Price GBPnil
e) Date of the transaction 28 May 2019; 10.35 GMT
f) Place of the transaction Outside a trading venue
From Patrick Dardis
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Patrick Anthony Dardis
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
4 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 financial instrument, type of instrument A Ordinary shares of 12.5p each in the issuer's capital.
Identification code
GB00B2NDK765
b) Nature of the transaction Transfer of shares
c) Price(s) and volume(s) Price(s)
Volume(s)
GBPnil
775
d) Aggregated information
- Aggregated volume 775
- Price GBPnil
e) Date of the transaction 28 May 2019; 10.35 GMT
f) Place of the transaction Outside a trading venue
From Torquil Sligo-Young
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Torquil Charles fflorance Barrow Sligo-Young
2 Reason for the notification
a) Position/status Information Resources Director
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
4 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 financial instrument, type of instrument A Ordinary shares of 12.5p each in the issuer's capital.
Identification code
GB00B2NDK765
b) Nature of the transaction Transfer of shares
c) Price(s) and volume(s) Price(s)
Volume(s)
GBPnil
522
d) Aggregated information
- Aggregated volume 522
- Price GBPnil
e) Date of the transaction 28 May 2019; 10.35 GMT
f) Place of the transaction Outside a trading venue
Krishan Pandit
Assistant Company Secretary
Tuesday, 28 May 2019
Tel: 020 8875 7000
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190528005422/en/
This information is provided by Business Wire
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