Centamin PLC DIRECTOR/PDMR SHARE AWARDS (1858P)

TIDMCEY

RNS Number : 1858P

Centamin PLC

08 June 2020

FOR IMMEDIATE RELEASE

8 June 2020

Centamin plc

("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

Director/PDMR Share Awards

Under the shareholder approved Remuneration Policy and Performance Share Plan ("PSP"), which aims to align Executive remuneration with that of the shareholders and long-term performance of the Company, a conditional award of ordinary shares of nil par value were made to the following Directors and Persons Discharging Managerial Responsibility ("PDMR").

Subject to clear performance conditions, the awards to the following participants will partially or fully vest after three years, on 5 June 2023 and subject to a further two year holding period. In the normal course, the plan participant is required to be an employee of the Company at the time of vesting.

Centamin also notes that Mr Youssef El-Raghy (a PDMR but not a Director of the Company) accepted share awards granted to him in the Company pursuant to the Company's Deferred Bonus Share Plan (the "DBSP") on 5 June 2020.

For more details on the PSP, please refer to the Remuneration Report within the 2019 Annual Report and Accounts, available on the Company's website at www.centamin.com .

Table. 2020 Share Awards

 
 Name               Director/PDMR   Number of Awards 
-----------------  --------------  ------------------- 
 Martin Horgan      Director        590,000 PSP Awards 
 Ross Jerrard       Director        390,000 PSP Awards 
 Youssef El-Raghy   PDMR            110,000 PSP Awards 
                                    60,000 DBSP Awards

In accordance with the requirements of Article 19 of the EU Market Abuse Regulation, the Company makes the below notification and public disclosure of transactions by PDMRs and persons closely associated with them.

This announcement contains ongoing regulated information.

ENQUIRIES

For further information, please visit the website www.centamin.com or contact :

 
 
   Centamin plc                            Buchanan 
   Alexandra Carse, Investor Relations     Bobby Morse 
   alexandra.carse@centamin.je             Chris Judd 
   +44 (0) 7700 713 738                    Kelsey Traynor 
                                           centamin@buchanan.uk.com 
                                           +44 (0) 207 466 5151

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

DSHEAEKXEEPEEAA

(END) Dow Jones Newswires

June 08, 2020 02:00 ET (06:00 GMT)

Centamin (LSE:CEY)
Historical Stock Chart
From Sep 2024 to Oct 2024