TIDMYNGA
Young & Co.'s Brewery, P.L.C. (the "Company")
PDMR Notifications
Circumstances giving rise to the notifications
Today, 7 June 2017, the Company's remuneration committee (the
"committee") determined the form in which bonuses would be provided
to the executive directors in respect of the Company's financial
period ended 3 April 2017.
It was previously agreed with each director that if any bonus
were to be paid, half of it would be settled in shares, with the
other half being paid in cash except to the extent that the
director elected to receive all or part of it in shares instead.
For every share taken in place of cash, the director would be
allowed to subscribe at nominal value for one "matching" share.
This was all subject to the right of the committee to determine, at
its sole and absolute discretion, the form in which any bonus would
be provided, whether by issue or transfer of shares and/or payment
of cash.
As a result of the committee's determination and the elections
made, the following bonuses have now been awarded and provided in
the following form:
Name Bonus Settled in shares Total shares Settled
allotted in cash
("matching
shares" element)
Patrick Dardis GBP235,378 100% 26,506 (8,835) 0%
Steve Robinson GBP96,599 100% 10,878 (3,626) 0%
*
Torquil GBP93,848 100% 10,567 (3,522) 0%
Sligo-Young
Tracy Read * GBP68,716 50% 2,579 (nil) 50%
(* The numbers for Steve Robinson and Tracy Read exclude the
cash value of any bonus received by them in respect of the
achievement of their personal objectives set prior to their
appointment as directors.)
None of the directors are generally free to sell any of the
shares before the end of a restricted period, which, ordinarily,
will end three years after the shares have been allotted or, if
earlier, the date on which his or her employment terminates by
reason of illness, disability or redundancy.
The "matching" shares are subject to satisfaction of a further
condition relating to the extent to which the group's adjusted
earnings per ordinary share in respect of the group's continuing
operations for the financial period ending on or around 31 March
2020 exceeds the same measure for the financial period ended 28
March 2016.
In certain circumstances, the shares acquired have to be
transferred to the Company or to an employee benefit trust
designated by the Company - this would be at a pre-agreed price or,
in the case of "matching shares", for no consideration.
The number of shares allotted to each director in order to
fulfil his / her entitlement was calculated with reference to the
market price of the Company's A ordinary shares of 12.5p each as
shown in today's Financial Times (on-line version), being
1332p.
A block admission arrangement is in place for the shares
allotted.
PDMR notifications
The Company today received the following notifications:
From Patrick Dardis:
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Patrick Anthony Dardis
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 of instrument A Ordinary shares of 12.5p each in the capital of Young & Co.'s Brewery, P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Allotment of shares in connection with a deferred annual bonus award
c) Price(s) and volume(s) Price(s)GBP13.32 Volume(s)17,671
d) Aggregated information
- Aggregated volume 17,671
- Price GBP13.32
e) Date of the transaction 2017-06-07; 09:05 GMT
f) Place of the transaction Outside a trading venue
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 of instrument A Ordinary shares of 12.5p each in the capital of Young & Co.'s Brewery, P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Subscription and allotment of 'matching' shares (at nominal value) pursuant to the terms of a deferred annual bonus award
c) Price(s) and volume(s) Price(s)GBP0.125 Volume(s)8,835
d) Aggregated information
- Aggregated volume 8,835
- Price GBP0.125
e) Date of the transaction 2017-06-07; 09:05GMT
f) Place of the transaction Outside a trading venue
From Steven Robinson:
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Steven Allan Robinson
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 of instrument A Ordinary shares of 12.5p each in the capital of Young & Co.'s Brewery, P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Allotment of shares in connection with a deferred annual bonus award
c) Price(s) and volume(s) Price(s)GBP13.32 Volume(s)7,252
d) Aggregated information
- Aggregated volume 7,252
- Price GBP13.32
e) Date of the transaction 2017-06-07; 09:05 GMT
f) Place of the transaction Outside a trading venue
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 of instrument A Ordinary shares of 12.5p each in the capital of Young & Co.'s Brewery, P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Subscription and allotment of 'matching' shares (at nominal value) pursuant to the terms of a deferred annual bonus award
c) Price(s) and volume(s) Price(s)GBP0.125 Volume(s)3,626
d) Aggregated information
- Aggregated volume 3,626
- Price GBP0.125
e) Date of the transaction 2017-06-07; 09:05 GMT
f) Place of the transaction Outside a trading venue
From Torquil Sligo-Young:
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Torquil Charles fflorance Barrow Sligo-Young
2 Reason for the notification
a) Position/status Information Resources Director
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 of instrument A Ordinary shares of 12.5p each in the capital of Young & Co.'s Brewery, P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Allotment of shares in connection with a deferred annual bonus award
c) Price(s) and volume(s) Price(s)GBP13.32 Volume(s)7,045
d) Aggregated information
- Aggregated volume 7,045
- Price GBP13.32
e) Date of the transaction 2017-06-07; 09:05 GMT
f) Place of the transaction Outside a trading venue
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 of instrument A Ordinary shares of 12.5p each in the capital of Young & Co.'s Brewery, P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Subscription and allotment of 'matching' shares (at nominal value) pursuant to the terms of a deferred annual bonus award
c) Price(s) and volume(s) Price(s)GBP0.125 Volume(s)3,522
d) Aggregated information
- Aggregated volume 3,522
- Price GBP0.125
e) Date of the transaction 2017-06-07; 09:05 GMT
f) Place of the transaction Outside a trading venue
From Tracy Read:
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Tracy Janice Read
2 Reason for the notification
a) Position/status People Director
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 of instrument A Ordinary shares of 12.5p each in the capital of Young & Co.'s Brewery, P.L.C.
Identification code
GB00B2NDK765
b) Nature of the transaction Allotment of shares in connection with a deferred annual bonus award
c) Price(s) and volume(s) Price(s)GBP13.32 Volume(s)2,579
d) Aggregated information
- Aggregated volume 2,579
- Price GBP13.32
e) Date of the transaction 2017-06-07; 09:05 GMT
f) Place of the transaction Outside a trading venue
Anthony Schroeder
Company Secretary
Wednesday, 7 June 2017
Tel: 020 8875 7000
View source version on businesswire.com:
http://www.businesswire.com/news/home/20170607005621/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
June 07, 2017 06:48 ET (10:48 GMT)
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