Fisher (James) & Sons plc Director/PDMR Shareholding (0144U)
July 24 2020 - 7:00AM
UK Regulatory
TIDMFSJ
RNS Number : 0144U
Fisher (James) & Sons plc
24 July 2020
JAMES FISHER AND SONS PLC
Notification of Directors' Interest in Shares
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
On 24 July 2020, awards over ordinary shares of 25p each in
James Fisher and Sons plc (the "Company") were made to the
Executive Directors of the Company under the James Fisher and Sons
2015 Long Term Incentive Plan, as follows:
PDMR Number of Shares held under
award
Eoghan O'Lionaird 42,307
----------------------------
Stuart Kilpatrick 27,938
----------------------------
Notes:
No consideration was paid for the grant of the awards which are
structured as nil cost restricted share awards.
The awards will normally vest on the 24 July 2023 subject to the
satisfaction of the performance conditions set by the Remuneration
Committee of the Company and which are consistent with performance
conditions attached to past LTIP awards.
In line with the Remuneration Policy approved by shareholders at
the 2018 AGM a two-year post-vesting period will apply to this
award.
Recognising the prevailing share price, which has been impacted
by Covid-19 and market conditions more generally, the Remuneration
Committee has agreed to set the price on which the LTIPs are
granted equal to the average share price between 1 January 2020 and
30 June 2020. This effectively reduces the value of the LTIP grants
by c.15%. The reduction of LTIP award levels in connection with
Covid-19 is in addition to the 20% salary/fee reduction previously
announced for the Board for the three months from 1 April 2020, as
well as a deferral of the 2019 annual bonuses to the second half of
2020.
Furthermore, the Remuneration Committee retains the discretion
to adjust the Awards at vesting to ensure that all relevant factors
are taken into account, including the consideration of any windfall
gains.
Details of the full notifications received by the Company are
set out below.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Eoghan Pol O'Lionaird
-------------------------------- ----------------------------------------
2 Reason for Notification
--------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial Announcement
-------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name James Fisher and Sons plc
-------------------------------- ----------------------------------------
b) LEI 213800J975E5OYR6S216
-------------------------------- ----------------------------------------
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 Ordinary Shares of 25 pence each in
instrument, type of James Fisher and Sons plc
instrument GB0003395000
Identification code
-------------------------------- ----------------------------------------
b) Nature of the transaction Grant of a restricted share award under
the James Fisher and Sons 2015 Long
Term Incentive Plan. The award will
ordinarily vest on 24 July 2023.
-------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 42,307
----------
-------------------------------- ----------------------------------------
Aggregated information
* Aggregated volume
d) * Price 42,307
-------------------------------- ----------------------------------------
e) Date of the transaction 24 July 2020
-------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stuart Charles Kilpatrick
-------------------------------- ----------------------------------------
2 Reason for Notification
--------------------------------------------------------------------------
a) Position/status Group Finance Director
-------------------------------- ----------------------------------------
b) Initial notification/Amendment Initial Announcement
-------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name James Fisher and Sons plc
-------------------------------- ----------------------------------------
b) LEI 213800J975E5OYR6S216
-------------------------------- ----------------------------------------
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 Ordinary Shares of 25 pence each in
instrument, type of James Fisher and Sons plc
instrument GB0003395000
Identification code
-------------------------------- ----------------------------------------
b) Nature of the transaction Grant of a restricted share award under
the James Fisher and Sons 2015 Long
Term Incentive Plan. The award will
ordinarily vest on 24 July 2023.
-------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 27,938
----------
-------------------------------- ----------------------------------------
Aggregated information
* Aggregated volume
d) * Price 27,938
-------------------------------- ----------------------------------------
e) Date of the transaction 24 July 2020
-------------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ----------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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