Long Term Incentive Plan Awards

RNS Number : 7933J

Cineworld Group plc

15 April 2020

 

CINEWORLD GROUP PLC (the "Company")

Long Term Incentive Plan Awards

The Company announces that, on 14 April 2020, awards over ordinary shares ("Awards") were granted to a number of Senior Employees in the Cineworld Group, including in the US, the UK, and in Rest of World territories, in line with the Company's annual process for granting Awards under the Cineworld Group plc 2017 Long Term Incentive Plan (the "LTIP") (the "Grant").

The Awards granted pursuant to the LTIP were structured as nil cost options to acquire Shares or conditional awards, and no consideration was paid for the grant of an Award. 

The vesting of an Award is ordinarily subject to continued employment of the participant, and satisfactory performance of the participant over a three-year vesting period.  Vesting for the "persons discharging managerial responsibilities" ("PDMRs") listed below is also subject to the satisfaction of performance conditions over the three-year period, as set by the Remuneration Committee of the Company.

The Grant included Awards to the following individuals, each of whom is a PDMR as such term is defined in the Market Abuse Regulation (2014/596/EU) ("MAR"), and the Company has today received notifications pursuant to the requirements of Article 19(1) of MAR in respect of those Awards:

PDMR	Number of Options under the Award Granted pursuant to the LTIP
Moshe Greidinger (Director)	1,672,061
Israel Greidinger (Director)	1,340,302
Nisan Cohen (Director)	786,266
Renana Teperberg (Director)	786,266
Matthew Eyre	357,645

The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the grant of the Awards listed above are set out below.

This announcement is made pursuant to the Company's obligations under Article 19(3) of MAR.

Fiona Smith

Company Secretary

LEI: 213800J2J3TOOI176M73

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Moshe Greidinger
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cineworld Group plc
b)	LEI	213800J2J3TOOI176M73
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	Options over ordinary shares of £0.01 each in Cineworld Group plc GB00B15FWH70
b)	Nature of the transaction	Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 1,672,061
d)	Aggregated information - Aggregated volume - Price	Single transaction as noted in 4 c) above
e)	Date of the transaction	14 April 2020
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Israel Greidinger
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cineworld Group plc
b)	LEI	213800J2J3TOOI176M73
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	Options over ordinary shares of £0.01 each in Cineworld Group plc GB00B15FWH70
b)	Nature of the transaction	Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 1,340,302
d)	Aggregated information - Aggregated volume - Price	Single transaction as noted in 4 c) above
e)	Date of the transaction	14 April 2020
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nisan Cohen
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cineworld Group plc
b)	LEI	213800J2J3TOOI176M73
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	Options over ordinary shares of £0.01 each in Cineworld Group plc GB00B15FWH70
b)	Nature of the transaction	Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 786,266
d)	Aggregated information - Aggregated volume - Price	Single transaction as noted in 4 c) above
e)	Date of the transaction	14 April 2020
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Renana Teperberg
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cineworld Group plc
b)	LEI	213800J2J3TOOI176M73
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	Options over ordinary shares of £0.01 each in Cineworld Group plc GB00B15FWH70
b)	Nature of the transaction	Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 786,266
d)	Aggregated information - Aggregated volume - Price	Single transaction as noted in 4 c) above
e)	Date of the transaction	14 April 2020
f)	Place of the transaction	Outside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Eyre
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Cineworld Group plc
b)	LEI	213800J2J3TOOI176M73
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	Options over ordinary shares of £0.01 each in Cineworld Group plc GB00B15FWH70
b)	Nature of the transaction	Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as a conditional award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 357,645
d)	Aggregated information - Aggregated volume - Price	Single transaction as noted in 4 c) above
e)	Date of the transaction	14 April 2020
f)	Place of the transaction	Outside a trading venue

 

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