Last checked at 29 Jan 2021 16:00
Britvic plc
LEI: 635400L3NVMYD4BVCI53
29 January 2021
Director/PDMR Shareholding
Britvic plc (the "Company") was notified on 29 January 2021, that, on 28 January 2021, Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") were granted options to acquire, at the price of 763 pence per share1, Shares in the Company under the 2015 Britvic Executive Share Option Plan ("ESOP").
The Company was also notified that, on 28 January 2021, Executive Directors and PDMRs were granted conditional awards to acquire, for no consideration, Shares 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 options granted under the ESOP | Number of Shares awarded under the PSP |
Simon Litherland | Executive Director | 259,131 | 129,565 |
Joanne Wilson | Executive Director | 106,127 | 53,063 |
Matthew Barwell | PDMR | 55,938 | 29,833 |
Paul Graham | PDMR | 54,710 | 29,179 |
Steven Potts | PDMR | 50,479 | 26,922 |
Zareena Brown | PDMR | 49,369 | 26,330 |
Hessel de Jong | PDMR | 60,717 | 24,287 |
João Caetano de Mello Neto | PDMR | 28,142 | 16,885 |
Kevin Donnelly | PDMR | 25,109 | 15,065 |
Notes
1. The Company's ordinary shares of 20 pence per share ("Shares")
The share awards made under the ESOP and PSP are a conditional right to receive up to the number of options or 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 2020 to the end of the Company's financial year in 2023.
The performance condition attaching to the ESOP awards is that adjusted earnings per share ("EPS") should be 52.8p for threshold vesting at which 20% of the award shall vest, increasing on a straight line basis to 100% of the award vesting at 61.5p.
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 52.8p, at which 20% of the that element of the award shall vest, increasing on a straight line basis to 100% of the award vesting at 61.5p.
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 | BRITVIC PLC | |
(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 | ORDINARY SHARES OF 20 PENCE EACH
ISIN: GB00B0N8QD54 | |
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC EXECUTIVE SHARE OPTION PLAN (ESOP) AND 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |
(c) | Price(s) and volume(s) | Price(s) £7.630 £0 | Volume(s) 259,131 (ESOP) 129,565 (PSP) |
(d) | Aggregated information - Aggregated volume - Price |
388,696 £0 |
|
(e) | Date and time of the transaction | 28 January 2021 | |
(f) | Place of the transaction | Outside a trading venue | |
1. Details of the person discharging managerial responsibilities/person closely associated | |||
(a) | Name | JOANNE WILSON | |
Reason for the notification | |||
(a) | Position/status | CHIEF FINANCIAL 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 | BRITVIC PLC | |
(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 | ORDINARY SHARES OF 20 PENCE EACH
ISIN: GB00B0N8QD54 | |
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC EXECUTIVE SHARE OPTION PLAN (ESOP) AND 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |
(c) | Price(s) and volume(s) | Price(s) £7.630 £0 | Volume(s) 106,127 (ESOP) 53,063 (PSP) |
(d) | Aggregated information - Aggregated volume - Price |
159,190 £0 |
|
(e) | Date and time of the transaction | 28 January 2021 | |
(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 | BRITVIC PLC | |
(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 | ORDINARY SHARES OF 20 PENCE EACH
ISIN: GB00B0N8QD54 | |
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC EXECUTIVE SHARE OPTION PLAN (ESOP) AND 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |
(c) | Price(s) and volume(s) | Price(s) £7.630 £0 | Volume(s) 55,938 (ESOP) 29,833 (PSP) |
(d) | Aggregated information - Aggregated volume - Price |
85,771 £0 |
|
(e) | Date and time of the transaction | 28 January 2021 | |
(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 | GB MANAGING DIRECTOR, PDMR | |
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
(a) | Name | BRITVIC PLC | |
(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 | ORDINARY SHARES OF 20 PENCE EACH
ISIN: GB00B0N8QD54 | |
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC EXECUTIVE SHARE OPTION PLAN (ESOP) AND 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |
(c) | Price(s) and volume(s) | Price(s) £7.630 £0 | Volume(s) 54,710 (ESOP) 29,179 (PSP) |
(d) | Aggregated information - Aggregated volume - Price |
83,889 £0 |
|
(e) | Date and time of the transaction | 28 January 2021 | |
(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 | BEYOND THE BOTTLE MANAGING DIRECTOR, PDMR | |
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
(a) | Name | BRITVIC PLC | |
(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 | ORDINARY SHARES OF 20 PENCE EACH
ISIN: GB00B0N8QD54 | |
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC EXECUTIVE SHARE OPTION PLAN (ESOP) AND 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |
(c) | Price(s) and volume(s) | Price(s) £7.630 £0 | Volume(s) 50,479 (ESOP) 26,922 (PSP) |
(d) | Aggregated information - Aggregated volume - Price |
77,401 £0 |
|
(e) | Date and time of the transaction | 28 January 2021 | |
(f) | Place of the transaction | Outside a trading venue | |
1. Details of the person discharging managerial responsibilities/person closely associated | |||
(a) | Name | ZAREENA BROWN | |
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 | BRITVIC PLC | |
(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 | ORDINARY SHARES OF 20 PENCE EACH
ISIN: GB00B0N8QD54 | |
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC EXECUTIVE SHARE OPTION PLAN (ESOP) AND 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |
(c) | Price(s) and volume(s) | Price(s) £7.630 £0 | Volume(s) 49,369 (ESOP) 26,330 (PSP) |
(d) | Aggregated information - Aggregated volume - Price |
75,699 £0 |
|
(e) | Date and time of the transaction | 28 January 2021 | |
(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 | INTERNATIONAL MANAGING DIRECTOR, PDMR | |
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
(a) | Name | BRITVIC PLC | |
(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 | ORDINARY SHARES OF 20 PENCE EACH
ISIN: GB00B0N8QD54 | |
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC EXECUTIVE SHARE OPTION PLAN (ESOP) AND 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |
(c) | Price(s) and volume(s) | Price(s) £7.630 £0 | Volume(s) 60,717 (ESOP) 24,287 (PSP) |
(d) | Aggregated information - Aggregated volume - Price |
85,004 £0 |
|
(e) | Date and time of the transaction | 28 January 2021 | |
(f) | Place of the transaction | Outside a trading venue | |
1. Details of the person discharging managerial responsibilities/person closely associated | |||
(a) | Name | JOÃO CAETANO DE MELLO NETO | |
Reason for the notification | |||
(a) | Position/status | BRAZIL MANAGING DIRECTOR, PDMR | |
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
(a) | Name | BRITVIC PLC | |
(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 | ORDINARY SHARES OF 20 PENCE EACH
ISIN: GB00B0N8QD54 | |
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC EXECUTIVE SHARE OPTION PLAN (ESOP) AND 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |
(c) | Price(s) and volume(s) | Price(s) £7.630 £0 | Volume(s) 28,142 (ESOP) 16,885 (PSP) |
(d) | Aggregated information - Aggregated volume - Price |
45,027 £0 |
|
(e) | Date and time of the transaction | 28 January 2021 | |
(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 | IRELAND MANAGING DIRECTOR, PDMR | |
(b) | Initial notification/Amendment | INITIAL NOTIFICATION | |
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
(a) | Name | BRITVIC PLC | |
(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 | ORDINARY SHARES OF 20 PENCE EACH
ISIN: GB00B0N8QD54 | |
(b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC EXECUTIVE SHARE OPTION PLAN (ESOP) AND 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | |
(c) | Price(s) and volume(s) | Price(s) £7.630 £0 | Volume(s) 25,109 (ESOP) 15,065 (PSP) |
(d) | Aggregated information - Aggregated volume - Price |
40,174 £0 |
|
(e) | Date and time of the transaction | 28 January 2021 | |
(f) | Place of the transaction | Outside a trading venue | |