Director/PDMR Shareholding

RNS Number : 7722Z

Marston's PLC

25 May 2021

 

25 May 2021

Notification of interests of directors and persons discharging managerial responsibilities

Marston's PLC (the "Company") announces that on 25 May 2021 the Directors listed below were granted awards over ordinary shares in the Company under the Company's 2014 Long Term Incentive Plan (the "Plan").  The number of awards granted on 25 May 2021 was calculated using the market price at the close of trading on the London Stock Exchange on 24 May 2021, being £0.9625 per ordinary share.

The awards will vest subject to the satisfaction of performance metrics which are based on Underlying Earnings per Share (as regards 40% of the award), Net Cash Flow (as regards 40% of the award) and Relative Total Shareholder Return (as regards 20% of the award). The details of the performance metrics are expected to be finalised in July and will be confirmed in a separate announcement when finalised and set out in the Company's Annual Report and Accounts for the period ended 2 October 2021. 

Appropriate provisions have been included in the terms of the awards to enable the Remuneration Committee to adjust the vesting outturn having regard to any "windfall gain".

To the extent an award vests, it will be released (so that the participant is entitled to acquire the shares) following the end of a further two year holding period.

Name of individual	Designation	Number of shares subject to LTIP award
Andrew Andrea	Director	510,295
Ralph Findlay	Director	761,924

Enquiries:

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

Notification of Dealing Form

1.	Details of the Person Discharging Managerial Responsibility ("PDMR")/person closely associated with them ("PCA")
a)	Name	Andrew Andrea
2.	Reason for the notification
a)	Position/status	Director and PDMR (Chief Financial and Corporate Development Officer)
b)	Initial notification/ amendment	Initial Notification
3.	Details of the Issuer
a)	Name	Marston's PLC
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 Identification code	Ordinary Shares of 7.375 pence each ISIN: GB00B1JQDM80
b)	Nature of the transaction	Grant of award under the Long Term Incentive Plan in the form of a nil-cost option.
c)	Price(s) and volumes(s)	Price Volume Nil cost option: N/A 510,295
d)	Aggregated information -  Aggregate volume -  Price	N/A
e)	Date of the transaction	2021-05-25
f)	Place of the transaction	Outside a trading venue

1.	Details of the Person Discharging Managerial Responsibility ("PDMR")/person closely associated with them ("PCA")
a)	Name	Ralph Findlay
2.	Reason for the notification
a)	Position/status	Director and PDMR (CEO)
b)	Initial notification/ amendment	Initial Notification
3.	Details of the Issuer
a)	Name	Marston's PLC
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 Identification code	Ordinary Shares of 7.375 pence each ISIN: GB00B1JQDM80
b)	Nature of the transaction	Grant of award under the Long Term Incentive Plan in the form of a nil-cost option.
c)	Price(s) and volumes(s)	Price Volume Nil cost option: N/A 761,924
d)	Aggregated information -  Aggregate volume -  Price	N/A
e)	Date of the transaction	2021-05-25
f)	Place of the transaction	Outside a trading venue

 

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