Director/PDMR Shareholding

Director/PDMR Shareholding

Young & Co's Brewery PLC

Young & Co.’s Brewery, P.L.C. (the “Company”)

PDMR Notifications

Circumstances giving rise to the notifications

Today, 4 June 2019, the Company’s remuneration committee (the “committee”) determined the form in which bonuses would be provided to the executive directors in respect of the Company’s financial period ended 1 April 2019.

It was previously agreed with each director that if any bonus were to be paid, half of it would be settled in shares, with the other half being paid in cash except to the extent that the director elected to receive all or part of it in shares instead. For every share taken in place of cash, the director would be allowed to subscribe at nominal value for one “matching” share. This was all subject to the right of the committee to determine, at its sole and absolute discretion, the form in which any bonus would be provided, whether by issue or transfer of shares and/or payment of cash.

As a result of the committee’s determination and the elections made, the following bonuses have now been awarded and provided in the following form:

Name	Â	Bonus	Â	Settled in shares	Â	Total shares allotted (“matching shares” element)	Â	Settled in cash
Patrick Dardis		£382,500		100%		32,506 (10,835)		100%
Torquil Sligo-Young		£112,462		100%		9,556 (3,185)		100%
Tracy Dodd		£137,733		60%		5,462 (780)		40%

None of the directors are generally free to sell any of the shares before the end of a restricted period, which, ordinarily, will end three years after the shares have been allotted or, if earlier, the date on which his or her employment terminates by reason of retirement, illness, disability or redundancy.

The “matching” shares are subject to satisfaction of a further condition relating to the extent to which the group’s adjusted earnings per ordinary share in respect of the group’s continuing operations for the financial period ending on or around 31 March 2022 exceeds the same measure for the financial period ended 2 April 2018.

In certain circumstances, the shares acquired have to be transferred to the Company or to an employee benefit trust designated by the Company - this would be at a pre-agreed price or, in the case of “matching shares”, for no consideration.

The number of shares allotted to each director in order to fulfil his / her entitlement was calculated with reference to the market price of the Company’s A ordinary shares of 12.5p each as shown in today’s Financial Times (on-line version), being 1765p.

A block admission arrangement is in place for the shares allotted.

PDMR notifications

The Company today received the following notifications:

From Patrick Dardis:

1	Â	Details of the person discharging managerial responsibilities / person closely associated
a)		Name	Â	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   Identification code		A Ordinary shares of 12.5p each in the issuer’s capital       GB00B2NDK765
b)		Nature of the transaction		Allotment of shares in connection with a deferred annual bonus award
c)		Price(s) and volume(s)		Price(s) Volume(s)   1765p 21,671
d)		Aggregated information - Aggregated volume - Price		  21,671 1765p
e)		Date of the transaction		2019-06-04; 08.05 GMT
f)		Place of the transaction		Outside a trading venue
5		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   Identification code		A Ordinary shares of 12.5p each in the issuer’s capital       GB00B2NDK765
b)		Nature of the transaction		Subscription for, and allotment of, ‘matching’ shares (at nominal value) pursuant to the terms of a deferred annual bonus award
c)		Price(s) and volume(s)		Price(s)       Volume(s)   12.5p                10,835 Â
d)		Aggregated information - Aggregated volume - Price		  10,835 12.5p
e)		Date of the transaction		2019-06-04; 08.05 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   Identification code	A Ordinary shares of 12.5p each in the issuer’s capital       GB00B2NDK765
b)	Nature of the transaction	Allotment of shares in connection with a deferred annual bonus award
c)	Price(s) and volume(s)	Price(s) Volume(s)   1765p 6,371
d)	Aggregated information - Aggregated volume - Price	  6,371 1765p
e)	Date of the transaction	2019-06-04; 08.05 GMT
f)	Place of the transaction	Outside a trading venue
5	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   Identification code	A Ordinary shares of 12.5p each in the issuer’s capital       GB00B2NDK765
b)	Nature of the transaction	Subscription for, and allotment of, ‘matching’ shares (at nominal value) pursuant to the terms of a deferred annual bonus award
c)	Price(s) and volume(s)	Price(s) Volume(s)   12.5p 3,185
d)	Aggregated information - Aggregated volume - Price	  3,185 12.5p
e)	Date of the transaction	2019-06-04; 08.05 GMT
f)	Place of the transaction	Outside a trading venue

From Tracy Dodd:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tracy Janice Dodd
2	Reason for the notification
a)	Position/status	People 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   Identification code	A Ordinary shares of 12.5p each in the issuer’s capital       GB00B2NDK765
b)	Nature of the transaction	Allotment of shares in connection with a deferred annual bonus award
c)	Price(s) and volume(s)	Price(s) Volume(s)   1765p 4,682
d)	Aggregated information - Aggregated volume - Price	  4,682 1765p
e)	Date of the transaction	2019-06-04; 08.05 GMT
f)	Place of the transaction	Outside a trading venue
5	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   Identification code	A Ordinary shares of 12.5p each in the issuer’s capital       GB00B2NDK765
b)	Nature of the transaction	Subscription for, and allotment of, ‘matching’ shares (at nominal value) pursuant to the terms of a deferred annual bonus award
c)	Price(s) and volume(s)	Price(s) Volume(s)   12.5p 780
d)	Aggregated information - Aggregated volume - Price	  780 12.5p
e)	Date of the transaction	2019-06-04; 08.05 GMT
f)	Place of the transaction	Outside a trading venue

Krishan Pandit
Assistant Company Secretary
Tuesday, 4 June 2019
Tel: [phone]

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