Greene King PLC Director/PDMR Shareholding (4346J)
December 04 2018 - 11:24AM
UK Regulatory
TIDMGNK
RNS Number : 4346J
Greene King PLC
04 December 2018
GREENE KING PLC
Annex DTR3
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and Connected Persons
All relevant boxes should be completed in block capital
letters.
State whether the notification
relates to (i) a
transaction notified in
accordance with DTR 3.1.2
R,
(ii) a disclosure made in
accordance
LR 9.8.6R(1) or
(iii) a disclosure made
in accordance with section
793 of the Companies Act
1. Name of the issuer 2. (2006).
GREENE KING PLC THE NOTIFICATION RELATES
TO A TRANSACTION NOTIFIED
IN ACCORDANCE WITH DTR 3.1.2
R
----------------------------------- ---- --------------------------------------
State whether notification
relates to a person connected
with a person discharging
Name of person discharging managerial responsibilities/director
managerial named in 3 and identify
3. responsibilities/director 4. the connected person
----------------------------------- ---- --------------------------------------
WAYNE SHURVINTON NOTIFICATION RELATES TO
A PERSON DISCHARGING MANAGERIAL
RESPONSIBILITIES
----------------------------------- ---- --------------------------------------
Indicate whether the notification
is in respect of a holding
of the person referred to Description of shares (including
in 3 or 4 above or in respect class), debentures or derivatives
of a nonbeneficial interest or financial instruments
5. (1) 6. relating to shares
----------------------------------- ---- --------------------------------------
NOTIFICATION IS IN RESPECT ORDINARY SHARES 12 1/2 p
OF THE PERSON REFERRED TO EACH
IN 3 ABOVE
----------------------------------- ---- --------------------------------------
Name of registered shareholders(s)
and, if more than one, the
number of shares held by State the nature of the
7. each of them 8. transaction
----------------------------------- ---- --------------------------------------
N/A AWARDS HAVE BEEN GRANTED
UNDER THE RULES OF THE GREENE
KING PERFORMANCE SHARE PLAN
2013
----------------------------------- ---- --------------------------------------
Percentage of issued class
acquired (treasury shares
Number of shares, debentures of that class should not
or financial instruments be taken into account when
9. relating to shares acquired 10. calculating percentage)
----------------------------------- ---- --------------------------------------
N/A N/A
----------------------------------- ---- --------------------------------------
Percentage of issued class
disposed (treasury shares
Number of shares, debentures of that class should not
or financial instruments be taken into account when
11. relating to shares disposed 12. calculating percentage)
----------------------------------- ---- --------------------------------------
N/A N/A
----------------------------------- ---- --------------------------------------
Price per share or value
13. of transaction 14. Date and place of transaction
----------------------------------- ---- --------------------------------------
N/A N/A
----------------------------------- ---- --------------------------------------
Total holding following
notification and total percentage
holding following notification
(any treasury shares should
not be taken into account Date issuer informed of
15. when calculating percentage) 16. transaction
----------------------------------- ---- --------------------------------------
0 (0%) (remains unchanged N/A
following this announcement)
----------------------------------- ---- --------------------------------------
If a person discharging managerial responsibilities has been
granted options by the issuer complete the following boxes
Period during which or date
17. Date of grant 18. on which exercisable
4 December 2018 5 December 2021 - 3 December
2028
------------------------------- ---- -------------------------------
Description of shares or
Total amount paid (if any) debentures involved (class
19. for grant of the option 20. and number)
------------------------------- ---- -------------------------------
N/A ORDINARY SHARES 12 1/2 p
EACH
------------------------------- ---- -------------------------------
Exercise price (if fixed
at time of grant) or
indication that price is Total number of shares or
to be fixed at the time debentures over which options
21. of exercise 22. held following notification
------------------------------- ---- -------------------------------
NIL 37,867
------------------------------- ---- -------------------------------
Name of contact and telephone
23. Any additional information 24. number for queries
------------------------------- ---- -------------------------------
AWARDS GRANTED UNDER THE LINDSAY KESWICK 01284 763222
GREENE KING PERFORMANCE
SHARE PLAN 2013 ARE AWARDED
AT NIL COST.
THE AWARDS WILL BE SUBJECT
TO THE THREE YEAR PERFORMANCE
CONDITIONS AS SET OUT BELOW.
------------------------------- ---- -------------------------------
The LTIP awards referred to above are subject to the following
performance conditions which will be measured over the three years
to 30 April 2021:
% of total Threshold Vesting Target Vesting Maximum Vesting
award Performance Performance Performance
(20% of Maximum) (50% of maximum) (100% of Maximum)
------
ROCE 50% 8.2% 8.5% 8.7%
----------- ------------------ ------------------ -------------------
EPS 25% 64.6p 68.5p 72.6p
----------- ------------------ ------------------ -------------------
FCF 25% GBP185m GBP195m GBP210m
----------- ------------------ ------------------ -------------------
Underpin applicable to all metrics:
All awards will be subject to an underpin performance condition
whereby the committee may reduce the level of vesting awards
(including to zero) if it is not satisfied regarding performance
during the performance period for the LTIP awards.
Name of authorised official of issuer responsible for making
notification
LINDSAY KESWICK
COMPANY SECRETARY
Date of notification 4 December 2018
Notes: This form is intended for use by an issuer to make a RIS notification required by DR 3.3.
(1) An issuer making a notification in respect of a transaction
relating to the shares or debentures of the issuer should
complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative
relating the shares of the issuer should complete boxes
1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options
granted to a director/person discharging managerial
responsibilities should complete boxes 1 to 3 and 17
to 24.
(4) An issuer making a notification in respect of a financial
instrument relating to the shares of the issuer (other
than a debenture) should complete boxes 1 to 4, 6, 8,
9, 11, 13, 14, 16, 23 and 24.
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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