Director/PDMR Shareholding

RNS Number : 8581Q

Imperial Brands PLC

02 March 2021

 

2 March 2021

IMPERIAL BRANDS PLC

 (THE "COMPANY")

Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42

NOTIFICATION OF TRANSACTIONS OF DIRECTOR/PDMR

Recruitment Award

On 1 March 2021, the Company's new Group Manufacturing and Supply Chain Director, Javier Huerta, was granted a nil-cost option award (the "Recruitment Award") over ordinary shares of 10 pence each in the Company ("Shares").

The Recruitment Award has been granted in order to facilitate Javier Huerta's recruitment, and to replace certain share awards granted to him by his former employer, Unilever plc, and which he forfeited on joining the Company.

The Recruitment Award has been granted over 50,246 Shares, which has been set by reference to the value of the forfeited awards and the 3-day average closing price of the Company's shares immediately prior to the date of joining.

In order to replicate the terms of Javier Huerta's forfeited awards, the Recruitment Award is split into six tranches, as follows:

Number of Shares	Expected Vesting Date	Original Unilever share award replaced
5,243	25 March 2021	Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 25 March 2021
19,092	25 March 2021	Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 25 March 2021
1,957	9 February  2022	Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 9 February 2022
14,044	9 February  2022	Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 9 February 2022
7,797	14 February 2023	Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 14 February 2023
2,113	15 February 2023	Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 15 February 2023

The vesting of the Recruitment Award (and each tranche thereof) is subject to Javier Huerta's continued service with the Company.

As at the date of this announcement, the Company has 946,408,101 Shares in issue (excluding shares held in Treasury).

This announcement is made in accordance with the requirements of Market Abuse Regulation Article 19. 

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	JAVIER ESTERBAN HUERTA RUIZ
2.	Reason for the notification
a)	Position/status	PDMR - GROUP MANUFACTURING AND SUPPLY CHAIN DIRECTOR
b)	Initial notification/ Amendment	INITIAL NOTIFICATION
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	ORDINARY SHARES
	Identification code	GB0004544929
b)	Nature of the transaction	GRANT OF A NIL COST OPTION AWARD WHICH VESTS IN SIX TRANCHES, TWO  ON 25 MARCH 2021, TWO ON 9 FEBRUARY 2022, 14 FEBRUARY 2023 AND 15 FEBRUARY 2023 SUBJECT TO CONTINUED SERVICE.
	Price(s) and volume(s)	Price(s) Volume(s) Nil 50,246
d)	Aggregated information	Aggregate Price Aggregate Volume Nil 50,246
e)	Date of the transaction	1 MARCH 2021
f)	Place of the transaction	OUTSIDE A TRADING VENUE

Exercise of Long Term Incentive Plan Award and sale to cover tax liabilities.

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	OLIVER REGINALD TANT
2	Reason for the notification
a)	Position/status	EXECUTIVE DIRECTOR - 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	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	EXERCISE OF OPTIONS IN RESPECT OF THE LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 11,184
d)	Aggregated information - Aggregated volume - Price	11,184 NOT APPLICABLE
e)	Date of the transaction	1 MARCH 2021
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	OLIVER REGINALD TANT
2	Reason for the notification
a)	Position/status	EXECUTIVE DIRECTOR - 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	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	SALE OF VESTED SHARES TO COVER INCOME TAX ON EXERCISING OF LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 13.660568 5,281
d)	Aggregated information - Aggregated volume - Price	5,281 GBP 72,141.46
e)	Date of the transaction	1 MARCH 2021
f)	Place of the transaction	XLON - LONDON STOCK EXCHANGE

Trevor Williams

Deputy Company Secretary

Copies of our announcements are available on our website:  www.imperialbrandsplc.com/Investors/Stock-Exchange-announcements

 

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