Last checked at 13 Dec 2022 10:34
Britvic plc
LEI: 635400L3NVMYD4BVCI53
13 December 2022
Director/PDMR Shareholding
Britvic plc (the "Company") was notified on 12 December 2022, that the Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") were granted conditional awards to acquire, for no consideration, Shares1 under the 2015 Britvic Performance Share Plan ("PSP").
Details of the number of Shares awarded to Executive Directors and PDMRs are detailed below:
Name of Executive Director/PDMR | Position (Executive Director/PDMR) | Number of Shares awarded under the PSP |
Simon Litherland | Executive Director | 207,048 |
Matthew Barwell | PDMR | 46,483 |
Paul Graham | PDMR | 47,902 |
Steven Potts | PDMR | 41,947 |
Elly Tomlins | PDMR | 41,438 |
Hessel de Jong | PDMR | 48,992 |
Pedro Magalhaes | PDMR | 22,671 |
Kevin Donnelly | PDMR | 22,100 |
Sudeep Shetty | PDMR | 44,625 |
Notes
1. The Company's ordinary shares of 20 pence per share ("Shares")
The share awards made under the PSP are a conditional right to receive up to the number of Shares stated and will vest to the extent that certain performance criteria are satisfied by the Company over a three-year period from 1 October 2022 to the end of the Company's financial year in 2025.
The performance condition attaching to the PSP award has two elements. Half of the shares under award shall be measured on relative Total Shareholder Return ("TSR") against the FTSE 250 (excluding investment trusts) and 20% of that part of the award shall vest at median performance, rising on a straight line to 100% of the award vesting at upper quartile performance. The other half of the shares under award shall be measured on adjusted EPS with threshold vesting at 57.2p, at which 20% of that element of the award shall vest, increasing on a straight-line basis to 66.3p at which 100% of that element of the award shall vest.
At the January 2022 AGM the Directors Remuneration policy was agreed introducing bonus deferral for the CEO and CFO (one third of any bonus earned will be delivered in shares which will be deferred for two years). Under this policy Simon Litherland will receive 37,260 shares and Joanne Wilson 19,621 shares deferred for two years.
The attached notifications, made in accordance with Article 19(3) of the EU Market Abuse Regulation, provide further information.
Clare Thomas
Company Secretary
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | SIMON LITHERLAND | |||
Reason for the notification | |||||
(a) | Position/status | CHIEF EXECUTIVE OFFICER, EXECUTIVE DIRECTOR | |||
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |||
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name |
| |||
(b) | LEI | 635400L3NVMYD4BVCI53 | |||
3. 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
Identification code |
| |||
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |||
(c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 207,048 | ||
(d) | Aggregated information - Aggregated volume - Price |
207,048 0 | |||
(e) | Date and time of the transaction | 12 December 2022 | |||
(f) | Place of the transaction | Outside a trading venue | |||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | MATTHEW BARWELL | |||
Reason for the notification | |||||
(a) | Position/status | CHIEF MARKETING OFFICER, PDMR | |||
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |||
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name |
| |||
(b) | LEI | 635400L3NVMYD4BVCI53 | |||
3. 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
Identification code |
| |||
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |||
(c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 46,483 | ||
(d) | Aggregated information - Aggregated volume - Price |
46,483 0 | |||
(e) | Date and time of the transaction | 12 December 2022 | |||
(f) | Place of the transaction | Outside a trading venue | |||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | PAUL GRAHAM | |||
Reason for the notification | |||||
(a) | Position/status | MANAGING DIRECTOR - GB, PDMR | |||
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |||
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name |
| |||
(b) | LEI | 635400L3NVMYD4BVCI53 | |||
3. 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
Identification code |
| |||
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |||
(c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 47,902 | ||
(d) | Aggregated information - Aggregated volume - Price |
47,902 0 | |||
(e) | Date and time of the transaction | 12 December 2022 | |||
(f) | Place of the transaction | Outside a trading venue | |||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | STEVEN POTTS | |||
Reason for the notification | |||||
(a) | Position/status | MANAGING DIRECTOR - BTB, PDMR | |||
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |||
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name |
| |||
(b) | LEI | 635400L3NVMYD4BVCI53 | |||
3. 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
Identification code |
| |||
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |||
(c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 41,947 | ||
(d) | Aggregated information - Aggregated volume - Price |
41,947 0 | |||
(e) | Date and time of the transaction | 12 December 2022 | |||
(f) | Place of the transaction | Outside a trading venue | |||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | ELLY TOMLINS | |||
Reason for the notification | |||||
(a) | Position/status | CHIEF PEOPLE OFFICER, PDMR | |||
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |||
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name |
| |||
(b) | LEI | 635400L3NVMYD4BVCI53 | |||
3. 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
Identification code |
| |||
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |||
(c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 41,438 | ||
(d) | Aggregated information - Aggregated volume - Price |
41,438 0 | |||
(e) | Date and time of the transaction | 12 December 2022 | |||
(f) | Place of the transaction | Outside a trading venue | |||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | HESSEL DE JONG | |||
Reason for the notification | |||||
(a) | Position/status | MANAGING DIRECTOR - INTERNATIONAL, PDMR | |||
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |||
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name |
| |||
(b) | LEI | 635400L3NVMYD4BVCI53 | |||
3. 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
Identification code |
| |||
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |||
(c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 48,992 | ||
(d) | Aggregated information - Aggregated volume - Price |
48,992 0 | |||
(e) | Date and time of the transaction | 12 December 2022 | |||
(f) | Place of the transaction | Outside a trading venue | |||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | PEDRO MAGALHAES | |||
Reason for the notification | |||||
(a) | Position/status | MANAGING DIRECTOR - BRAZIL, PDMR | |||
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |||
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name |
| |||
(b) | LEI | 635400L3NVMYD4BVCI53 | |||
3. 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
Identification code |
| |||
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |||
(c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 22,671 | ||
(d) | Aggregated information - Aggregated volume - Price |
22,671 0 | |||
(e) | Date and time of the transaction | 12 December 2022 | |||
(f) | Place of the transaction | Outside a trading venue | |||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | KEVIN DONNELLY | |||
Reason for the notification | |||||
(a) | Position/status | MANAGING DIRECTOR - IRELAND, PDMR | |||
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |||
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name |
| |||
(b) | LEI | 635400L3NVMYD4BVCI53 | |||
3. 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
Identification code |
| |||
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |||
(c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 22,100 | ||
(d) | Aggregated information - Aggregated volume - Price |
22,100 0 | |||
(e) | Date and time of the transaction | 12 December 2022 | |||
(f) | Place of the transaction | Outside a trading venue | |||
1. Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Name | SUDEEP SHETTY | |||
Reason for the notification | |||||
(a) | Position/status | CHIEF INFORMATION AND TRANSFORMATION OFFICER, PDMR | |||
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |||
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name |
| |||
(b) | LEI | 635400L3NVMYD4BVCI53 | |||
3. 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
Identification code |
| |||
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |||
(c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 44,625 | ||
(d) | Aggregated information - Aggregated volume - Price |
44,625 0 | |||
(e) | Date and time of the transaction | 12 December 2022 | |||
(f) | Place of the transaction | Outside a trading venue | |||