Director/PDMR Shareholding

RNS Number : 9708N

Trainline PLC

26 May 2020

 

26 May 2020

TRAINLINE PLC

(the "Company")

Executive Director Performance Share Plan ("PSP") Grant Notification

The Company announces that on 22 May 2020 the Executive Directors noted below were granted awards under the Trainline plc Performance Share Plan in the form of Performance Share Units ("PSUs").

The PSUs will vest subject to performance conditions based on the Company's earnings per share ("EPS") and relative total shareholder return ("TSR") over a 3 year period ending 28 February 2023. Vesting of up to 200% of salary is based on EPS and TSR relative to the FTSE 250 (excluding investment trusts) weighted 50/50, and up to an additional 50% of salary as a kicker based on exceptional EPS and relative TSR performance. A two-year holding period will apply on vesting, during which vested shares may not be sold save to cover tax liabilities.

The Company's Remuneration Committee will ensure that any vesting of the PSP cycle is consistent with the stakeholder experience over the performance period, taking into account perspectives of shareholders, employees and customers, as well as any other factors the Remuneration Committee deem appropriate.

PDMR	Number of Shares under PSUs
Clare Gilmartin, Chief Executive Officer	380,185
Shaun McCabe, Chief Financial Officer	264,476

The Notification of Dealing Forms for the above grants may be found below. This notification is provided in accordance with the requirements of the EU Market Abuse Regulation.

Enquiries

For investor enquiries, Andrew Gillian  [e-mail]  

For media enquiries, Victoria Biggs  [e-mail] / [phone]

Enquiries

Simone Selzer    [e-mail]   / [phone]

 

Notification of dealing form
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Clare Gilmartin
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Trainline plc
b)	LEI	213800HO26VXTFJ4MO71
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	Ordinary shares of £0.01 each
	Identification code	GB00BKDTK925
b)	Nature of the transaction	Grant of performance share units over ordinary shares of Trainline plc
c)	Price(s) and volume(s)	Price	Volume
		Nil	380,185
d)	Aggregated information - Aggregated volume - Price	Price	Aggregated Volume
		Nil	380,185
e)	Date of the transaction	22 May 2020
f)	Place of the transaction	Outside a trading venue

Notification of dealing form
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Shaun McCabe
2	Reason for the notification
a)	Position/status	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	Trainline plc
b)	LEI	213800HO26VXTFJ4MO71
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	Ordinary shares of £0.01 each
	Identification code	GB00BKDTK925
b)	Nature of the transaction	Grant of performance share units over ordinary shares of Trainline plc
c)	Price(s) and volume(s)	Price	Volume
		Nil	264,476
d)	Aggregated information - Aggregated volume - Price	Price	Aggregated Volume
		Nil	264,476
e)	Date of the transaction	22 May 2020
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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