Last checked at 8 Jun 2020 07:00
FOR IMMEDIATE RELEASE
8 June 2020
Centamin plc
("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
Director/PDMR Share Awards
Under the shareholder approved Remuneration Policy and Performance Share Plan ("PSP"), which aims to align Executive remuneration with that of the shareholders and long-term performance of the Company, a conditional award of ordinary shares of nil par value were made to the following Directors and Persons Discharging Managerial Responsibility ("PDMR").
Subject to clear performance conditions, the awards to the following participants will partially or fully vest after three years, on 5 June 2023 and subject to a further two year holding period. In the normal course, the plan participant is required to be an employee of the Company at the time of vesting.
Centamin also notes that Mr Youssef El-Raghy (a PDMR but not a Director of the Company) accepted share awards granted to him in the Company pursuant to the Company's Deferred Bonus Share Plan (the "DBSP") on 5 June 2020.
For more details on the PSP, please refer to the Remuneration Report within the 2019 Annual Report and Accounts, available on the Company's website at www.centamin.com.
Table. 2020 Share Awards
Name | Director/PDMR | Number of Awards |
Martin Horgan | Director | 590,000 PSP Awards |
Ross Jerrard | Director | 390,000 PSP Awards |
Youssef El-Raghy | PDMR | 110,000 PSP Awards |
60,000 DBSP Awards |
In accordance with the requirements of Article 19 of the EU Market Abuse Regulation, the Company makes the below notification and public disclosure of transactions by PDMRs and persons closely associated with them.
This announcement contains ongoing regulated information.
ENQUIRIES
For further information, please visit the website www.centamin.com or contact:
Centamin plc Alexandra Carse, Investor Relations alexandra.carse@centamin.je +44 (0) 7700 713 738 |
Buchanan Bobby Morse Chris Judd Kelsey Traynor centamin@buchanan.uk.com +44 (0) 207 466 5151 |
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Martin Horgan | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer / Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Centamin plc | ||||
b) | LEI | LEI 213800PDI9G7OUKLPV84 | ||||
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 Identification code | Ordinary shares
ISIN JE00B5TT1872 | ||||
b) | Nature of the transaction | Grant of awards under the terms of the Company's Performance Share Plan | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
|
590,000 CEY shares Nil | ||||
e) | Date of the transaction | 2020-06-05 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Ross Jerrard | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer / Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Centamin plc | ||||
b) | LEI | LEI 213800PDI9G7OUKLPV84 | ||||
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 Identification code | Ordinary shares
ISIN JE00B5TT1872 | ||||
b) | Nature of the transaction | Grant of awards under the terms of the Company's Performance Share Plan | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
|
390,000 CEY shares Nil | ||||
e) | Date of the transaction | 2020-06-05 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Youssef El-Raghy | ||||
2 | Reason for the notification | |||||
a) | Position/status | General Manager - Egyptian Operations / PDMR | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Centamin plc | ||||
b) | LEI | LEI 213800PDI9G7OUKLPV84 | ||||
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 Identification code | Ordinary shares
ISIN JE00B5TT1872 | ||||
b) | Nature of the transaction | Grant of awards under the terms of the Company's Performance Share Plan | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
|
110,000 CEY shares Nil | ||||
e) | Date of the transaction | 2020-06-05 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Youssef El-Raghy | ||||
2 | Reason for the notification | |||||
a) | Position/status | General Manager - Egyptian Operations / PDMR | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Centamin plc | ||||
b) | LEI | LEI 213800PDI9G7OUKLPV84 | ||||
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 Identification code | Ordinary shares
ISIN JE00B5TT1872 | ||||
b) | Nature of the transaction | Grant of awards under the terms of the Company's Deferred Bonus Share Plan | ||||
c) | Price(s) and volume(s)
|
| ||||
d) | Aggregated information
|
60,000 CEY shares Nil | ||||
e) | Date of the transaction | 2020-06-05 | ||||
f) | Place of the transaction | Outside a trading venue | ||||