Director/PDMR Shareholding

RNS Number : 5475J

Britvic plc

13 December 2022

 

Britvic plc

LEI: 635400L3NVMYD4BVCI53

13 December 2022

Director/PDMR Shareholding

Britvic plc (the "Company") was notified on 12 December 2022, that the Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") were granted conditional awards to acquire, for no consideration, Shares¹ under the 2015 Britvic Performance Share Plan ("PSP").

Details of the number of Shares awarded to Executive Directors and PDMRs are detailed below:

Name of Executive Director/PDMR	Position (Executive Director/PDMR)	Number of Shares awarded under the PSP
Simon Litherland	Executive Director	207,048
Matthew Barwell	PDMR	46,483
Paul Graham	PDMR	47,902
Steven Potts	PDMR	41,947
Elly Tomlins	PDMR	41,438
Hessel de Jong	PDMR	48,992
Pedro Magalhaes	PDMR	22,671
Kevin Donnelly	PDMR	22,100
Sudeep Shetty	PDMR	44,625

Notes

1.  The Company's ordinary shares of 20 pence per share ("Shares")

The share awards made under the PSP are a conditional right to receive up to the number of Shares stated and will vest to the extent that certain performance criteria are satisfied by the Company over a three-year period from 1 October 2022 to the end of the Company's financial year in 2025.

The performance condition attaching to the PSP award has two elements. Half of the shares under award shall be measured on relative Total Shareholder Return ("TSR") against the FTSE 250 (excluding investment trusts) and 20% of that part of the award shall vest at median performance, rising on a straight line to 100% of the award vesting at upper quartile performance. The other half of the shares under award shall be measured on adjusted EPS with threshold vesting at 57.2p, at which 20% of that element of the award shall vest, increasing on a straight-line basis to 66.3p at which 100% of that element of the award shall vest.

At the January 2022 AGM the Directors Remuneration policy was agreed introducing bonus deferral for the CEO and CFO (one third of any bonus earned will be delivered in shares which will be deferred for two years). Under this policy Simon Litherland will receive 37,260 shares and Joanne Wilson 19,621 shares deferred for two years.

The attached notifications, made in accordance with Article 19(3) of the EU Market Abuse Regulation, provide further information.

Clare Thomas

Company Secretary

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	SIMON LITHERLAND
Reason for the notification
(a)	Position/status	CHIEF EXECUTIVE OFFICER, EXECUTIVE DIRECTOR
(b)	Initial notification/Amendment	INITIAL NOTIFICATION
2.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	BRITVIC PLC
(b)	LEI	635400L3NVMYD4BVCI53
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 20 PENCE EACH ISIN: GB00B0N8QD54
(b)	Nature of the transaction	GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP)
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 207,048
(d)	Aggregated information -  Aggregated volume -  Price	207,048 0
(e)	Date and time of the transaction	12 December 2022
(f)	Place of the transaction	Outside a trading venue

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	MATTHEW BARWELL
Reason for the notification
(a)	Position/status	CHIEF MARKETING OFFICER, PDMR
(b)	Initial notification/Amendment	INITIAL NOTIFICATION
2.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	BRITVIC PLC
(b)	LEI	635400L3NVMYD4BVCI53
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 20 PENCE EACH ISIN: GB00B0N8QD54
(b)	Nature of the transaction	GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP)
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 46,483
(d)	Aggregated information -  Aggregated volume -  Price	46,483 0
(e)	Date and time of the transaction	12 December 2022
(f)	Place of the transaction	Outside a trading venue

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	PAUL GRAHAM
Reason for the notification
(a)	Position/status	MANAGING DIRECTOR - GB, PDMR
(b)	Initial notification/Amendment	INITIAL NOTIFICATION
2.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	BRITVIC PLC
(b)	LEI	635400L3NVMYD4BVCI53
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 20 PENCE EACH ISIN: GB00B0N8QD54
(b)	Nature of the transaction	GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP)
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 47,902
(d)	Aggregated information -  Aggregated volume -  Price	47,902 0
(e)	Date and time of the transaction	12 December 2022
(f)	Place of the transaction	Outside a trading venue

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	STEVEN POTTS
Reason for the notification
(a)	Position/status	MANAGING DIRECTOR - BTB, PDMR
(b)	Initial notification/Amendment	INITIAL NOTIFICATION
2.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	BRITVIC PLC
(b)	LEI	635400L3NVMYD4BVCI53
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 20 PENCE EACH ISIN: GB00B0N8QD54
(b)	Nature of the transaction	GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP)
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 41,947
(d)	Aggregated information -  Aggregated volume -  Price	41,947 0
(e)	Date and time of the transaction	12 December 2022
(f)	Place of the transaction	Outside a trading venue

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	ELLY TOMLINS
Reason for the notification
(a)	Position/status	CHIEF PEOPLE OFFICER, PDMR
(b)	Initial notification/Amendment	INITIAL NOTIFICATION
2.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	BRITVIC PLC
(b)	LEI	635400L3NVMYD4BVCI53
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 20 PENCE EACH ISIN: GB00B0N8QD54
(b)	Nature of the transaction	GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP)
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 41,438
(d)	Aggregated information -  Aggregated volume -  Price	41,438 0
(e)	Date and time of the transaction	12 December 2022
(f)	Place of the transaction	Outside a trading venue

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	HESSEL DE JONG
Reason for the notification
(a)	Position/status	MANAGING DIRECTOR - INTERNATIONAL, PDMR
(b)	Initial notification/Amendment	INITIAL NOTIFICATION
2.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	BRITVIC PLC
(b)	LEI	635400L3NVMYD4BVCI53
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 20 PENCE EACH ISIN: GB00B0N8QD54
(b)	Nature of the transaction	GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP)
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 48,992
(d)	Aggregated information -  Aggregated volume -  Price	48,992 0
(e)	Date and time of the transaction	12 December 2022
(f)	Place of the transaction	Outside a trading venue

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	PEDRO MAGALHAES
Reason for the notification
(a)	Position/status	MANAGING DIRECTOR - BRAZIL, PDMR
(b)	Initial notification/Amendment	INITIAL NOTIFICATION
2.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	BRITVIC PLC
(b)	LEI	635400L3NVMYD4BVCI53
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 20 PENCE EACH ISIN: GB00B0N8QD54
(b)	Nature of the transaction	GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP)
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 22,671
(d)	Aggregated information -  Aggregated volume -  Price	22,671 0
(e)	Date and time of the transaction	12 December 2022
(f)	Place of the transaction	Outside a trading venue

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	KEVIN DONNELLY
Reason for the notification
(a)	Position/status	MANAGING DIRECTOR - IRELAND, PDMR
(b)	Initial notification/Amendment	INITIAL NOTIFICATION
2.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	BRITVIC PLC
(b)	LEI	635400L3NVMYD4BVCI53
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 20 PENCE EACH ISIN: GB00B0N8QD54
(b)	Nature of the transaction	GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP)
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 22,100
(d)	Aggregated information -  Aggregated volume -  Price	22,100 0
(e)	Date and time of the transaction	12 December 2022
(f)	Place of the transaction	Outside a trading venue

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	SUDEEP SHETTY
Reason for the notification
(a)	Position/status	CHIEF INFORMATION AND TRANSFORMATION OFFICER, PDMR
(b)	Initial notification/Amendment	INITIAL NOTIFICATION
2.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	BRITVIC PLC
(b)	LEI	635400L3NVMYD4BVCI53
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 financial instrument, type of instrument Identification code	ORDINARY SHARES OF 20 PENCE EACH ISIN: GB00B0N8QD54
(b)	Nature of the transaction	GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP)
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 44,625
(d)	Aggregated information -  Aggregated volume -  Price	44,625 0
(e)	Date and time of the transaction	12 December 2022
(f)	Place of the transaction	Outside a trading venue

 

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