TIDMGNS
RNS Number : 8746M
Genus PLC
18 September 2019
18 September 2019
Genus plc
Director/PDMR Shareholding
Genus plc (LSE: GNS) announces the vesting on 14 September 2019
of conditional nil-cost options and conditional shares granted in
2016 under the Genus 2014 Performance Share Plan (the 'PSP') and
conditional nil-cost options granted in 2016 under the Genus
Deferred Share Bonus Plan (the 'DSBP'), as listed in Table A, Table
B and Table C below respectively, to members of the Genus Executive
Leadership Team ('GELT').
Conditional nil-cost options granted under the PSP were subject
to relevant performance conditions, measured over a three-year
performance period which commenced on 1 July 2016 and ended on 30
June 2019. Following assessment of the performance conditions, the
Remuneration Committee determined that the awards would vest at
78.9% of the original grant. The balance of the awards made to the
PDMRs listed in table A have lapsed.
Genus further announces that following the vestings:
-- Angelle Rosata, Group Human Resources Director, sold ordinary
shares in Genus on 16 September 2019 on the London Stock Exchange,
with income tax and social security liabilities due on the release
being deducted from the sale proceeds and the balance of funds
retained, as listed in Table B;
-- Janet Duane, Interim Group Finance Director, sold sufficient
ordinary shares in Genus on 16 September 2019 on the London Stock
Exchange to offset income tax and social security liabilities due
on the sale and retained the balance of ordinary shares, as listed
in Table B; and
-- Jerry Thompson, Chief Operating Officer Genus ABS Beef, sold
sufficient ordinary shares in Genus on 17 September 2019 on the
London Stock Exchange to offset income tax and social security
liabilities due on the exercises and retained the balance of
ordinary shares, as listed in Table D.
The below notifications, made in accordance with the
requirements of the EU Market Abuse Regulation, give further detail
on the number of conditional shares released and ordinary shares
sold on 16 September 2019, and the number of nil-cost options
exercised and ordinary shares sold on 17 September 2019.
For further information please contact:
Genus:
Vaughn Walton, Deputy Company Secretary Tel: +44 (0)1256
347100
Table A - GELT 2014 Performance Share Plan Vesting
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 1. Stephen Wilson
2. Dan Hartley
3. William Christianson
4. Jerry Thompson
============================ =======================================
2. Reason for the notification
=====================================================================
a. Position/status 1. Chief Executive Officer
2. Group General Counsel & Company
Secretary
3. Chief Operating Officer Genus
PIC
4. Chief Operating Officer Genus
ABS Beef
============================ =======================================
b. Initial notification Initial notification
/Amendment
============================ =======================================
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
=====================================================================
a. Name Genus plc
============================ =======================================
b. LEI 54930022EOITNKSIGH56
============================ =======================================
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 Ordinary shares of 10p each
Financial instrument, type
of instrument
Identification code GB0002074580
============================ =======================================
b. Nature of the transaction Vesting of nil-cost options under
the PSP.
============================ =======================================
c. Price(s) and volume(s) Price(s) Volume(s)
1. 0.00p 27,220
----------
2. 0.00p 15,105
----------
3. 0.00p 17,841
----------
4. 0.00p 13,398
----------
============================ =======================================
d. Aggregated information Average price(s) Total volume(s)
* Aggregated volume 1. 0.00p 27,220
----------------
2. 0.00p 15,105
* Price ----------------
3. 0.00p 17,841
----------------
4. 0.00p 13,398
----------------
============================ =======================================
e. Date of the transaction 2019-09-14
============================ =======================================
f. Place of the transaction Outside a trading venue.
============================ =======================================
Table B - GELT 2014 Performance Share Plan Release
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 1. Angelle Rosata
2. Janet Duane
============================ ==========================================
2. Reason for the notification
========================================================================
a. Position/status 1. Group Human Resources Director
2. Interim Group Finance Director
============================ ==========================================
b. Initial notification Initial notification
/Amendment
============================ ==========================================
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
========================================================================
a. Name Genus plc
============================ ==========================================
b. LEI 54930022EOITNKSIGH56
============================ ==========================================
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 Ordinary shares of 10p each
Financial instrument, type
of instrument
Identification code GB0002074580
============================ ==========================================
b. Nature of the transaction Release of conditional shares under
the PSP.
============================ ==========================================
c. Price(s) and volume(s) Price(s) Volume(s)
1. 0.00p 2,699
2. 0.00p 2,753
----------
============================ ==========================================
d. Aggregated information Average price(s) Total volume(s)
* Aggregated volume 1. 0.00p 2,699
1. 0.00p 2,753
----------------
* Price
============================ ==========================================
e. Date of the transaction 2019-09-14
============================ ==========================================
f. Place of the transaction Outside a trading venue.
============================ ==========================================
Details of the transaction(s): section to be repeated for (i)
5. 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 Ordinary shares of 10p each
a. Financial instrument, type
of instrument
Identification code GB0002074580
============================ ==========================================
b. Nature of the transaction 1. Angelle Rosata sold all shares arising
b. from the release of conditional shares
under the PSP, with income tax and
social security liabilities due on
the release being deducted from the
sale proceeds and the balance in funds.
2. Janet Duane sold shares arising
from the release of conditional shares
under the PSP, to offset income tax
and social security liabilities due
on the release and retained the balance
of shares.
============================ ==========================================
c. Price(s) and volume(s) Price(s) Volume(s)
c. 1. 2,858.30p 2,699
2. 2,858.30p 1,298
----------
============================ ==========================================
d. Aggregated information Average price(s) Total volume(s)
d. * Aggregated volume 1. 2,858.30p 2,699
2. 2,858.30p 1,298
----------------
* Price
============================ ==========================================
e. Date of the transaction 2019-09-16
============================ ==========================================
f. Place of the transaction London Stock Exchange, Main Market
(XLON)
============================ ==========================================
Table C - GELT Deferred Share Bonus Plan Vesting
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 1. Stephen Wilson
2. Dan Hartley
3. William Christianson
4. Jerry Thompson
=========================== ==============================================
2. Reason for the notification
===========================================================================
a. Position/status 1. Chief Executive Officer
2. Group General Counsel & Company Secretary
3. Chief Operating Officer Genus PIC
4. Chief Operating Officer Genus ABS Beef
=========================== ==============================================
b. Initial notification Initial notification
/Amendment
=========================== ==============================================
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
===========================================================================
a. Name Genus plc
=========================== ==============================================
b. LEI 54930022EOITNKSIGH56
=========================== ==============================================
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 Ordinary shares of 10p each
the
Financial instrument,
type of instrument GB0002074580
Identification
code
=========================== ==============================================
b. Nature of the Vesting of nil-cost options under the DSBP.
transaction
=========================== ==============================================
c. Price(s) and volume(s) Price(s) Volume(s)
1. 0.00p 4,725
----------
2. 0.00p 2,474
----------
3. 0.00p 2,880
----------
4. 0.00p 2,426
----------
=========================== ==============================================
d. Aggregated information Average price(s) Total volume(s)
* Aggregated volume 1. 0.00p 4,725
----------------
2. 0.00p 2,474
* Price ----------------
3. 0.00p 2,880
----------------
4. 0.00p 2,426
----------------
=========================== ==============================================
e. Date of the transaction 2019-09-14
=========================== ==============================================
f. Place of the transaction Outside a trading venue.
=========================== ==============================================
Table D - GELT 2014 Performance Share Plan Exercise
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Jerry Thompson
=========================== ======================================================
2. Reason for the notification
===================================================================================
a. Position/status Chief Operating Officer Genus ABS Beef
=========================== ======================================================
b. Initial notification Initial notification
/Amendment
=========================== ======================================================
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
===================================================================================
a. Name Genus plc
=========================== ======================================================
b. LEI 54930022EOITNKSIGH56
=========================== ======================================================
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 10p each
of the
Financial instrument,
type of instrument GB0002074580
Identification
code
=========================== ======================================================
b. Nature of the Exercise of 13,398 nil-cost options under the
transaction PSP.
=========================== ======================================================
c. Price(s) and Price(s) Volume(s)
volume(s) 0.00p 13,398
----------
=========================== ======================================================
d. Aggregated information
* Aggregated volume Average price(s) Total volume(s)
0.00p 13,398
----------------
* Price
=========================== ======================================================
e. Date of the 2019-09-17
transaction
=========================== ======================================================
f. Place of the Outside a trading venue.
transaction
=========================== ======================================================
5. 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 10p each
of the
Financial instrument,
type of instrument GB0002074580
Identification
code
============================= ====================================================
b. Nature of the Sale of 5,260 shares arising from the exercise
transaction of nil-cost options under the PSP to offset income
tax and social security liabilities due on the
exercise.
=========================== ======================================================
c. Price(s) and Price(s) Volume(s)
volume(s) 2,886.22p 5,260
----------
=========================== ======================================================
d. Aggregated information Average price(s) Total volume(s)
* Aggregated volume 2,886.22p 5,260
----------------
* Price
=========================== ======================================================
e. Date of the 2019-09-17
transaction
=========================== ======================================================
f. Place of the London Stock Exchange, Main Market (XLON)
transaction
=========================== ======================================================
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
DSHUWRBRKBAKAAR
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