Director/PDMR Shareholding

RNS Number : 3990O

C&C Group Plc

10 June 2022

 

C&C Group plc

('C&C')

2022 Long Term Incentive Plan ('LTIP') Awards

On 9 June 2022, the Company's Executive Directors were granted the following awards under the LTIP, in the form of nil cost options over €0.01 ordinary shares in the Company:

Name	Number of shares
David Forde	458,023
Patrick McMahon	278,796

¹   Calculated using a share price of £2.00 (being the mid-market closing price on the day before grant) converted into €2.3388 using an exchange rate of £1: €1.1694.

The awards will vest subject to the satisfaction of performance metrics based on Earnings per Share, Free Cash Flow and an Environmental metric assessed across the three-year performance period FY2023 - FY2025.

The vesting of the awards will be subject to an assessment of the Company's underlying financial performance across the three-year performance period. No award will vest until the end of the full three-year period, and Executive Directors' awards will then be subject to a further two-year holding period.

The details of the performance metrics for the awards are set out below.

Performance conditions

Measure	Weighting	Further detail
Earnings per share	45%	Threshold - 22.2c Maximum - 26.0c By the end of year 3 target range (end of FY25) rather than as a cumulative target.
Free cash flow	35%	Threshold - 65% Maximum - 75% By the end of year 3 target range (end of FY25) rather than as a cumulative target.
Environmental	20%	To give impetus to C&C's de-carbonisation efforts, the Company has set a target to reduce its Scope 1 and Scope 2 emissions* over the next three financial years ending FY2025. Threshold - 6% reduction Maximum - 12% reduction

* Scope 1: direct emissions from owned or controlled sources, which includes emissions from company-owned or operated facilities and vehicles.

Scope 2: indirect emissions from the generation of purchased energy e.g. electricity, steam, heat and cooling.

In each case, threshold vesting will be 25% of the maximum.

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

 This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Forde
2	Reason for the notification
a)	Position/status	Person discharging managerial responsibilities (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	C&C Group plc
b)	LEI	635400LNUHA2LDXXV850
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	Ordinary Shares of €0.01 each ISIN: IE00B010DT83
b)	Nature of the transaction	Grant of options under the C&C 2015 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 458,023
d)	Aggregated information - Aggregated volume - Price	Same as c)
e)	Date of the transaction	09/06/2022
f)	Place of the transaction	Outside a trading venue

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

 This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Patrick McMahon
2	Reason for the notification
a)	Position/status	Person discharging managerial responsibilities (Chief Financial Officer)
b)	Initial Notification Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	C&C Group plc
b)	LEI	635400LNUHA2LDXXV850
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	Ordinary Shares of €0.01 each ISIN: IE00B010DT83
b)	Nature of the transaction	Grant of options under the C&C 2015 Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 278,796
d)	Aggregated information - Aggregated volume - Price	Same as c)
e)	Date of the transaction	09/06/2022
f)	Place of the transaction	Outside a trading venue

 

END

 

 

DSHEAEKNEESAEAA