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Low & Bonar PLC (LWB)

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Friday 23 March, 2018

Low & Bonar PLC

Director/PDMR Shareholding

RNS Number : 8064I
Low & Bonar PLC
23 March 2018
 

LEI213800CALFKOEL7N7P10

Low & Bonar PLC (the "Company")

Grant of Options/Awards

 

The Company announces that on 22 March 2018 Computershare Trustees (Jersey) Limited, the trustee, granted nil cost options (each an 'Option') or a conditional award (an 'Award') under the terms of the 2013 Low & Bonar Long Term Incentive Plan (the 'Plan') to directors and persons discharging managerial responsibilities ('PDMR') of the Company on 22 March 2018 as follows:

 

Number of shares under the Option(1)/Award(2)

Philip de Klerk (1)

Group Chief Executive Officer

803,859

Clark Halladay  (2)

Global Business Director,

Building & Industrial

 

184,503

Gareth Kaminski-Cook (1)

Global Business Director,

Interiors & Transportation

 

212,580

Johann Bryan (1)

Global Business Director,

Coated Technical Textiles

 

168,080

Jan van Boldrik (1)

Global Business Director,

Civil Engineering

 

105,656

Martin Jarvis (1)

Group Director, Integrated Supply Chain

160,772

 

No consideration was paid for the grant of any Option or Award.

 

Each Option and each Award is subject to earnings per share and total shareholder return performance targets tested over three years. 20% of awards will vest for threshold performance, with full vesting taking place for equaling, or exceeding, the maximum performance targets. Vesting of each Option and each Award will normally take place on the third anniversary of grant subject to the continued employment of the participant and the satisfaction of performance conditions set by the Remuneration Committee of the Company.

 

To the extent that the Options vest, the participant may call for shares during a period of five years from the date of vesting (or such longer period as the Remuneration Committee of the Company may allow). On or as soon as reasonably practicable after the Vesting of an Award, the Company shall transfer or procure the transfer of the vested shares to the participant. Further details of the awards are set out below.

The Notification of Dealing Form for each PDMR can be found below.  This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014. 

 

1.         

Details of the person discharging managerial responsibilities / person closely associated

a.         

Name

Philip de Klerk

2.         

Reason for the notification

a.         

Position/status

Group 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

Low & Bonar PLC

b.         

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.         

Nature of the transaction

Grant of Options

c.         

Price(s) and volume(s)

Price(s)

Volume(s)

0

803,859

 

d.         

Aggregated information

·      Aggregated volume

·      Price

803,859

 

Nil

e.         

Date of the transaction

2018/03/22

f.         

Place of the transaction

Outside a trading venue


1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Clark Halladay

2.

Reason for the notification

a.

Position/status

PDMR

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.

Nature of the transaction

Grant of Options

c.

Price(s) and volume(s)

Price(s)

Volume(s)

0

184,503

d.

Aggregated information

·      Aggregated volume

·      Price

184,503

 

Nil

e.

Date of the transaction

2018/03/22

f.

Place of the transaction

Outside a trading venue


1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Gareth Kaminski - Cook

2.

Reason for the notification

a.

Position/status

PDMR

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.

Nature of the transaction

Grant of Options

c.

Price(s) and volume(s)

Price(s)

Volume(s)

0

212,580

d.

Aggregated information

·      Aggregated volume

·      Price

212,580

 

Nil

e.

Date of the transaction

2018/03/22

f.

Place of the transaction

Outside a trading venue


1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Johann Bryan

2.

Reason for the notification

a.

Position/status

PDMR

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.

Nature of the transaction

Grant of Options

c.

Price(s) and volume(s)

Price(s)

Volume(s)

0

168,080

d.

Aggregated information

·      Aggregated volume

·      Price

168,080

 

Nil

e.

Date of the transaction

2018/03/22

f.

Place of the transaction

Outside a trading venue


1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Jan van Boldrik

2.

Reason for the notification

a.

Position/status

PDMR

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.

Nature of the transaction

Grant of Options

c.

Price(s) and volume(s)

Price(s)

Volume(s)

0

105,656

d.

Aggregated information

·      Aggregated volume

·      Price

105,656

 

Nil

e.

Date of the transaction

2018/03/22

f.

Place of the transaction

Outside a trading venue


1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Martin Jarvis

2.

Reason for the notification

a.

Position/status

PDMR

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.

Nature of the transaction

Grant of Options

c.

Price(s) and volume(s)

Price(s)

Volume(s)

0

160,772

d.

Aggregated information

·      Aggregated volume

·      Price

160,772

 

Nil

e.

Date of the transaction

2018/03/22

f.

Place of the transaction

Outside a trading venue

 

 

 

For further information, please contact:

 

Low & Bonar PLC

 

 Erika Percival, Company Secretary                          Tel: +44 (0) 20 7535 3180

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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