McColl's Retail Group plc Grant of Long Term Incentive Plan Awards (9352X)
August 15 2018 - 11:12AM
UK Regulatory
TIDMMCLS
RNS Number : 9352X
McColl's Retail Group plc
15 August 2018
15 August 2018
McColl's Retail Group plc (the "Company")
Grant of Long Term Incentive Plan Awards
Notification of Transactions by Executive Directors and Persons
Discharging Managerial Responsibilities ("PDMRs")
The Company announces the grant of LTIP Awards on 15 August 2018
to the following Directors of the Company in accordance with the
rules of the McColl's Retail Group plc Long Term Incentive Plan
(the "LTIP").
Director / PDMR Number of ordinary shares of GBP0.001 each ("Shares") over which LTIP Awards Call Price per share
were granted.
--------------- ------------------------------------------------------------------------------- --------------------
Jonathan Miller 168,223 GBP0.001
Dave Thomas 109,533 GBP0.001
The above awards are made pursuant to approval of changes to the
Group's remuneration arrangements at this year's annual general
meeting. In each case the award is equivalent to 50% of the
relevant individual's base salary (based on the mid-market closing
price for McColl's shares on 14 August 2018, being the day
immediately preceding the date of grant) and is subject to a
further holding period of two years following vesting. Vesting is
subject to performance conditions measured over the three year
performance period commenced 27 November 2017 as set out in the
announcement issued on 22 March 2018.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial responsibilities/person closely associated
------------------------------------------------------------------------------------------------------------------
a) Name 1. Jonathan Miller
2. Dave Thomas
--------------------------------------------- -------------------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status 1. PDMR, Chief Executive
2. PDMR, Chief Operating Officer
--------------------------------------------- -------------------------------------------------------------------
b) Initial notification /Amendment Initial Notification
--------------------------------------------- -------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------------------------
a) Name McColl's Retail Group plc
--------------------------------------------- -------------------------------------------------------------------
b) LEI 213800R1TLR536P8YJ67
--------------------------------------------- -------------------------------------------------------------------
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 instrument, type Ordinary Shares of 0.1 pence each
of instrument
Identification code ISIN: GB00BJ3VW957
--------------------------------------------- -------------------------------------------------------------------
b) Nature of the transaction Awards made pursuant to the McColl's Retail Group plc Long Term
Incentive Plan
--------------------------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s) Call Price(s) Volume(s)
--------------------------------------------- --------------------------------------------- --------------------
1. GBP0.001 per Ordinary Share 1. 168,223
2. GBP0.001 per Ordinary Share 2. 109,533
--------------------------------------------- --------------------------------------------- --------------------
d) Aggregated information
- Aggregated volume 1. 168,223
2. 109,533
- Price n/a
--------------------------------------------- -------------------------------------------------------------------
e) Date of the transaction 1. 15 August 2018
2. 15 August 2018
--------------------------------------------- -------------------------------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------------- -------------------------------------------------------------------
Notes to editors
McColl's is a leading neighbourhood retailer, with an estate of
around 1,600 managed convenience stores and newsagents. We operate
McColl's branded convenience stores as well as newsagents branded
Martin's across the UK, except in Scotland where we operate under
our heritage brand, RS McColl. Our dedicated colleagues serve over
five million customers every week, and we are the largest operator
of Post Offices in the UK, with c.600 in-store
counters/branches.
Enquiries
Please visit www.mccollsplc.co.uk or for further information,
please contact:
McColl's Retail Group plc
Bernadette Young, Company Secretary
Tel: +44 (0)1277 372916
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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