Director/PDMR Shareholding

RNS Number : 0429K

Marston's PLC

04 July 2017

 

Notification of interests of Directors and Persons Discharging Managerial Responsibilities

4 July 2017

The Company announces that on 3 July 2017 the Director listed below exercised an award over ordinary shares in the Company under the Company's 2014 Long Term Incentive Plan, which had been granted on 25 June 2014. 

Shares were sold by the Director to the extent necessary to fund tax and NICs arising on the exercise as noted below.  

Director	Aggregate number of shares in respect of which LTIP Award exercised*	Number of shares which were sold by the Director on 3 July 2017 at a price of £1.2210 per share
Peter Dalzell	51,513	24,297

*The award granted on 25 June 2014 consisted of an LTIP Award and a "Linked Award", and a separate Approved Option over 20,876 shares at an exercise price of £1.437 per share.  The Approved Option was released by the Director as part of the exercise process so that, in accordance with the rules of the LTIP, the LTIP Award and Linked Award are capable of exercise to the extent vested. 

The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation. 

Enquiries: Anne-Marie Brennan, Group Secretary, Marston's PLC, [phone]

1.	Details of PDMR / PCA (person closely associated)
(a)	Name	Peter Dalzell
(b)	Position/status	Director and PDMR (MD, Marston's Inns and Taverns)
(c)	Initial notification/ amendment	Initial notification
2.	Details of the issuer
(a)	Name	Marston's PLC
3.	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	Ordinary shares of 7.375p each ISIN GB00B1JQDM80
(b)	Nature of the transaction	Exercise of award under the Long Term Incentive Plan and sale of shares to fund associated tax liability
(c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 51,513 £1.2210 24,297
(d)	Aggregated information Aggregated volume price	n/a single transaction n/a single transaction
(e)	Date of the transaction	2017-07-03
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

END

 

 

DSHEAPXLEEFXEEF