Grant of Long Term Incentive Plan Awards

RNS Number : 9352X

McColl's Retail Group plc

15 August 2018

 

15 August 2018

McColl's Retail Group plc (the "Company")

Grant of Long Term Incentive Plan Awards

Notification of Transactions by Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs")

The Company announces the grant of LTIP Awards on 15 August 2018 to the following Directors of the Company in accordance with the rules of the McColl's Retail Group plc Long Term Incentive Plan (the "LTIP").

Director / PDMR	Number of ordinary shares of £0.001 each ("Shares") over which LTIP Awards were granted.	Call Price per share
Jonathan Miller	168,223	£0.001
Dave Thomas	109,533	£0.001

The above awards are made pursuant to approval of changes to the Group's remuneration arrangements at this year's annual general meeting.  In each case the award is equivalent to 50% of the relevant individual's base salary (based on the mid-market closing price for McColl's shares on 14 August 2018, being the day immediately preceding the date of grant) and is subject to a further holding period of two years following vesting.  Vesting is subject to performance conditions measured over the three year performance period commenced 27 November 2017 as set out in the announcement issued on 22 March 2018.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   Jonathan Miller 2.   Dave Thomas
2	Reason for the notification
a)	Position/status	1.  PDMR, Chief Executive 2.  PDMR, Chief Operating Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	McColl's Retail Group plc
b)	LEI	213800R1TLR536P8YJ67
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 0.1 pence each ISIN: GB00BJ3VW957
b)	Nature of the transaction	Awards made pursuant to the McColl's Retail Group plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Call Price(s)	Volume(s)
		1.  £0.001 per Ordinary Share 2.  £0.001 per Ordinary Share	1.  168,223 2.  109,533
d)	Aggregated information - Aggregated volume - Price	1.  168,223 2.  109,533 n/a
e)	Date of the transaction	1.   15 August 2018 2.   15 August 2018
f)	Place of the transaction	Outside a trading venue

Notes to editors

McColl's is a leading neighbourhood retailer, with an estate of around 1,600 managed convenience stores and newsagents. We operate McColl's branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl. Our dedicated colleagues serve over five million customers every week, and we are the largest operator of Post Offices in the UK, with c.600 in-store counters/branches.

Enquiries

Please visit www.mccollsplc.co.uk or for further information, please contact:

McColl's Retail Group plc
Bernadette Young, Company Secretary
Tel: [phone]

 

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