C&C Group Plc Director/PDMR Shareholding (3990O)
June 10 2022 - 2:01AM
UK Regulatory
TIDMCCR
RNS Number : 3990O
C&C Group Plc
10 June 2022
C&C Group plc
('C&C')
2022 Long Term Incentive Plan ('LTIP') Awards
On 9 June 2022, the Company's Executive Directors were granted
the following awards under the LTIP, in the form of nil cost
options over EUR0.01 ordinary shares in the Company:
Name Number of shares
David Forde 458,023
-----------------
Patrick McMahon 278,796
-----------------
(1) Calculated using a share price of GBP2.00 (being the
mid-market closing price on the day before grant) converted into
EUR2.3388 using an exchange rate of GBP1: EUR1.1694.
The awards will vest subject to the satisfaction of performance
metrics based on Earnings per Share, Free Cash Flow and an
Environmental metric assessed across the three-year performance
period FY2023 - FY2025.
The vesting of the awards will be subject to an assessment of
the Company's underlying financial performance across the
three-year performance period. No award will vest until the end of
the full three-year period, and Executive Directors' awards will
then be subject to a further two-year holding period.
The details of the performance metrics for the awards are set
out below.
Performance conditions
Measure Weighting Further detail
Earnings per 45% Threshold - 22.2c
share Maximum - 26.0c
By the end of year 3 target range (end
of FY25) rather than as a cumulative
target.
---------- ----------------------------------------------
Free cash flow 35% Threshold - 65%
Maximum - 75%
By the end of year 3 target range (end
of FY25) rather than as a cumulative
target.
---------- ----------------------------------------------
Environmental 20% To give impetus to C&C's de-carbonisation
efforts, the Company has set a target
to reduce its Scope 1 and Scope 2 emissions*
over the next three financial years ending
FY2025.
Threshold - 6% reduction
Maximum - 12% reduction
---------- ----------------------------------------------
* Scope 1: direct emissions from owned or controlled sources,
which includes emissions from company-owned or operated facilities
and vehicles.
Scope 2: indirect emissions from the generation of purchased
energy e.g. electricity, steam, heat and cooling.
In each case, threshold vesting will be 25% of the maximum.
Notification of Transactions by Persons Discharging Managerial
Responsibilities and Persons Closely Associated with them
This form is required for disclosure of transactions under
Article 19 of Regulation (EU) No 596/2014 of the European
Parliament and of the Council of 16 April 2014 on market abuse
(Market Abuse Regulation)
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name David Forde
----------------------- -----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Person discharging managerial responsibilities
(Chief Executive Officer)
----------------------- -----------------------------------------------
b) Initial Notification Initial Notification
Amendment
----------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name C&C Group plc
----------------------- -----------------------------------------------
b) LEI 635400LNUHA2LDXXV850
----------------------- -----------------------------------------------
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 Ordinary Shares of EUR0.01 each
of the financial
instrument, ISIN: IE00B010DT83
type of
instrument
Identification
code
----------------------- -----------------------------------------------
b) Nature of Grant of options under the C&C 2015 Long Term
the transaction Incentive Plan
----------------------- -----------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) Nil 458,023
----------
----------------------- -----------------------------------------------
d) Aggregated
information Same as c)
- Aggregated
volume
- Price
----------------------- -----------------------------------------------
Date of the
e) transaction 09/06/2022
----------------------- -----------------------------------------------
f) Place of Outside a trading venue
the transaction
----------------------- -----------------------------------------------
Notification of Transactions by Persons Discharging Managerial
Responsibilities and Persons Closely Associated with them
This form is required for disclosure of transactions under
Article 19 of Regulation (EU) No 596/2014 of the European
Parliament and of the Council of 16 April 2014 on market abuse
(Market Abuse Regulation)
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Patrick McMahon
----------------------- -----------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Person discharging managerial responsibilities
(Chief Financial Officer)
----------------------- -----------------------------------------------
b) Initial Notification Initial Notification
Amendment
----------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name C&C Group plc
----------------------- -----------------------------------------------
b) LEI 635400LNUHA2LDXXV850
----------------------- -----------------------------------------------
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 Ordinary Shares of EUR0.01 each
of the financial
instrument, ISIN: IE00B010DT83
type of
instrument
Identification
code
----------------------- -----------------------------------------------
b) Nature of Grant of options under the C&C 2015 Long Term
the transaction Incentive Plan
----------------------- -----------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) Nil 278,796
----------
----------------------- -----------------------------------------------
d) Aggregated
information Same as c)
- Aggregated
volume
- Price
----------------------- -----------------------------------------------
Date of the
e) transaction 09/06/2022
----------------------- -----------------------------------------------
f) Place of Outside a trading venue
the transaction
----------------------- -----------------------------------------------
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