Director/PDMR Shareholding

RNS Number : 8718M

M. P. Evans Group PLC

16 January 2023

 

M.P. EVANS GROUP PLC

("Company" or "M.P. Evans")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

GRANT OF SHARE OPTION

On 16 January 2023, the Company granted a nil-cost option under the M.P. Evans Group PLC Long Term Incentive Scheme to Mr Matthew Coulson, the chief executive, over 18,000 shares of 10p each in the Company ("Option").

This Option will normally vest and become exercisable on 16 January 2026, subject to continued employment. The Option is also subject to satisfaction of an 'underpin condition' linked to the general financial performance of the Company and adherence to the Company's core strategic pillars (Responsibility, Excellence, Growth, and Yield).

Any shares resulting from exercise of the Option (after any sales to fund tax liabilities) will also be subject to two-year holding period ending 16 January 2028.

The information set out below is provided in accordance with the requirements of Article 19(3) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended ("UK MAR").

1	Details of the persons discharging managerial responsibilities / person closely associated
a)	Name	Matthew Coulson
2	Reason for the notification
a)	Position/status	Chief executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	M.P. Evans Group PLC
b)	LEI	2138003IBXJUCR4SZG26
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	Shares of 10p per share in the capital of M.P. Evans Group PLC (10p shares)
	Identification code	ISIN: GB0007538100
b)	Nature of the transaction	Grant of an Option over 10p shares
c)	Price(s) and volume(s)	Exercise Prices per share Volumes Nil Cost Option 18,000
d)	Aggregated information: - Aggregated volume - Price	Aggregated volume: N/A Price: N/A
e)	Date of the transaction	16 January 2023
f)	Place of the transaction	Outside a trading venue

Enquiries:

M.P. Evans Group PLC	[phone]
Peter Hadsley-Chaplin	Executive chairman
Katya Merrick	Company secretary
Peel Hunt LLP (Nomad and joint broker)	[phone]
Dan Webster, Andrew Clark, Lalit Bose
finnCap (Joint broker)	[phone]
Tim Redfern, Harriet Ward
Hudson Sandler (Financial PR)	[phone]
Charlie Jack, Francis Kerrigan, Amelia Craddock

 

END

 

 

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