Director/PDMR Shareholding

RNS Number : 6795Q
Marston's PLC
19 June 2015
 

Notification of interests of directors

19 June 2015

The Company announces that on 18 June 2015, the Directors and Person Discharging Managerial Responsibilities (PDMR) listed below were granted awards over ordinary shares in the Company under the Company's 2014 Long Term Incentive Plan with HM Revenue & Customs (HMRC) Approved Schedules (the "Plan").  The awards were granted on 18 June 2015 calculated using the market price at the close of trading on the London Stock Exchange on 18 June 2015 of 163.7 pence per ordinary share.

Awards under the Plan are structured as Approved Performance Share Plan Awards.  This year the Awards made to the Directors and PDMR are in the form of an LTIP Award only, having already utilised their £30,000 approved option limit.

Subject to the satisfaction of the performance metrics which are based on a combination of Cash Return On Cash Capital Employed (CROCCE), Free Cash Flow (FCF) and Relative Total Shareholder Return; the LTIP Awards will vest and become exercisable in three years.

Name

Designation

Number of shares subject to LTIP Award

Andrew Andrea

Director

248,167

Peter Dalzell

Director

220,678

Ralph Findlay

Director

397,831

Richard Westwood

PDMR

159,667

 

The notification of these transactions is made pursuant to DTR 3.1.4R (1)(a) and is also deemed to be disclosure made in accordance with Section 793 of the Companies Act 2006 where appropriate.

Enquiries: Anne-Marie Brennan, Company Secretary, Marston's PLC, +44 (0) 1902 329163

 


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