Dr. Martens PLC Director/PDMR Shareholding
June 14 2024 - 7:51AM
RNS Regulatory News
RNS Number : 5480S
Dr. Martens PLC
14 June 2024
Dr. Martens plc (the
"Company")
Director/PDMR
Shareholding
Notification of Transactions
by Directors/Persons Discharging Managerial
Responsibility
The Company announces that on 14
June 2024 the following director / person discharging managerial
responsibility ('PDMR') was granted a Performance Share Award (the
"Award") under the Company's Long Term Incentive Plan (the
'LTIP').
|
PDMR
|
Number of
Shares
|
|
Giles
Wilson
|
1,254,310
|
The Award was made to compensate
Giles for loss of long-term incentive schemes forfeited on leaving
his previous employer which he would otherwise have been eligible
to receive. The measures, targets and weightings are aligned to the
annual LTIP award also made and announced by the Company today, 14
June 2024, and will vest subject to the achievement of earnings per
share (50% weighting), relative total shareholder return (25%
weighting), and operating cash flow conversion (25% weighting)
targets over three years and, on vesting, will be subject to a
further two-year holding period.
No consideration was paid for the
grant of the Award and no price is payable on the exercise of the
Award.
Full details of the target ranges
will be set out in the Directors' Remuneration Report contained
within the 2025 Annual Report & Accounts.
The relevant notification, set out
below, is provided in accordance with the requirements of Article
19 of the Market Abuse Regulation.
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Giles Wilson
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR (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
|
Dr. Martens plc
|
|
b)
|
LEI
|
213800QPT8YM6NQZPH28
|
|
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 GBP
0.01
ISIN: GB00BL6NGV24
|
|
b)
|
Nature of the transaction
|
Grant of performance share award
under the
Dr. Martens plc Long-term Incentive Plan
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
1,254,310
|
|
|
d)
|
Aggregated information
|
|
|
e)
|
Date of the transaction
|
2024-06-14
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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END
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