Director/PDMR Shareholding

RNS Number : 5910U

Future PLC

25 November 2019

 

The attached individual notifications made under article 19.1 of the Market Abuse Regulation ("MAR") relate to the issuance of awards under the terms of the Future plc Performance Share Plan ("PSP") and Deferred Annual Bonus Plan ("DABS") to a person discharging managerial responsibilities ("PDMR"). This announcement is made in accordance with article 19.3 of MAR.

The PSP Award will vest three years from the date of grant, at no cost to the participant, in accordance with the rules of the PSP, provided that the participant remains in employment of the Group at the vesting date and subject to performance targets having been met. Vesting of the PSP Award is subject to both EPS and Absolute TSR performance conditions.  Further details of the targets will be published shortly in the 2019 Annual Report and Accounts. The number of shares shown below represents the potential maximum if all the performance conditions are achieved in full. Any awards vesting will be subject to a mandatory two-year holding period.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Zillah Byng-Thorne
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	Future plc
b)	LEI	213800K2581YRLEXV353
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 15p each GB00BYZN9041
b)	Nature of the transaction	Grant of share awards under the PSP.  Subject to achievement of performance conditions, the award will vest on 24 November 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 67,185
d)	Aggregated information - Aggregated volume - Price	67,185 Nil
e)	Date of the transaction	25 November 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Penny Ladkin-Brand
2	Reason for the notification
a)	Position/status	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	Future plc
b)	LEI	213800K2581YRLEXV353
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 15p each GB00BYZN9041
b)	Nature of the transaction	Grant of share awards under the PSP.  Subject to achievement of performance conditions, the award will vest on 24 November 2022.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 41,337
d)	Aggregated information - Aggregated volume - Price	41,337 Nil
e)	Date of the transaction	25 November 2019
f)	Place of the transaction	Outside a trading venue

The DABS Award represents the deferral of 50% of a PDMR's annual cash bonus into Future plc shares and will vest two years from the date of grant, at no cost to the participant, in accordance with the rules of the DABS. 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Zillah Byng-Thorne
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	Future plc
b)	LEI	213800K2581YRLEXV353
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 15p each GB00BYZN9041
b)	Nature of the transaction	Grant of share awards under the DABS.  Subject to malus and clawback provisions, the award will vest on 24 November 2021.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 25,194
d)	Aggregated information - Aggregated volume - Price	25,194 Nil
e)	Date of the transaction	25 November 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Penny Ladkin-Brand
2	Reason for the notification
a)	Position/status	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	Future plc
b)	LEI	213800K2581YRLEXV353
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 15p each GB00BYZN9041
b)	Nature of the transaction	Grant of share awards under the DABS.  Subject to malus and clawback provisions, the award will vest on 24 November 2021.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 12,155
d)	Aggregated information - Aggregated volume - Price	12,155 Nil
e)	Date of the transaction	25 November 2019
f)	Place of the transaction	Outside a trading venue

Tim Maw

Company Secretary

(Responsible for releasing this announcement)

25 November 2019

 

END

 

 

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