Punch Taverns PLC Director/PDMR Shareholding (3518R)
October 24 2013 - 10:28AM
UK Regulatory
TIDMPUB
RNS Number : 3518R
Punch Taverns PLC
24 October 2013
Punch Taverns plc (the "Company")
24 October 2013
NOTIFICATION OF DIRECTOR SHAREHOLDING
Long Term Incentive Plan 2008 (the "Plan")
On 24 October 2013, in accordance with the rules of the Plan,
the Remuneration Committee granted Options over 1,896,551 Ordinary
Shares of 0.04786p each, at a price of 14.5 pence per share, to the
Finance Director.
The exercise price payable to exercise the Options shall be
GBP1. The Options will normally be exercisable between 24 October
2016 and 24 October 2023 subject to the option holder's continued
employment and to the extent that Total Shareholder Return ("TSR")
targets are met.
Share Bonus Plan (the "Bonus Plan")
On 24 October 2013, in accordance with the rules of the Bonus
Plan, the Company granted a deferred share award (the "Award")
totalling 135,605 Ordinary Shares of 0.04786p each ("Ordinary
Shares"), at a price of 14.25 pence per share (the closing share
price on 23 October 2013), to the Finance Director.
The Award forms part of the annual bonus arrangements for the
financial year ended 17 August 2013 and is not subject to further
performance criteria. Subject to the rules of the Bonus Plan, the
Award will be satisfied by the transfer of Ordinary Shares to the
individual from the Company's Employee Benefit Trust on the second
anniversary of the Award.
Discretionary Share Plan (the "DSP")
The holders of all remaining options granted under the legacy
DSP, totalling options over 23,664 Ordinary Shares, have waived
their rights to these options and as a result there are no longer
any awards outstanding in respect of the DSP. This includes the
options over 3,859 Ordinary Shares previously held by the Finance
Director.
The issued share capital of the Company is currently 665,513,542
Ordinary Shares.
Ed Bashforth
Company Secretary
Punch Taverns plc
01283 502215
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSFEWFLLFDSEES
Punch Taverns (LSE:PUB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Punch Taverns (LSE:PUB)
Historical Stock Chart
From Jul 2023 to Jul 2024
