19 Jan 2018 17:12
CINEWORLD GROUP PLC (the "Company")
The Company has today received notifications pursuant to the requirements of Article 19(1) of the Market Abuse Regulation (2014/596/EU) ("MAR") in respect of the following events:
On 18 January 2018, nil-cost options to acquire ordinary shares in the Company ("Shares") were exercised under the terms of the Cineworld Group 2007 Performance Share Plan (the "PSP") by Nisan Cohen, who is a "person discharging managerial responsibilities" ("PDMR") as such term is defined in MAR.
The Notification of Dealing Form provided in accordance with the requirements of MAR in relation to the exercise of options by Nisan Cohen is set out below.
Following the exercise, a portion of the shares issued were sold at the price per share listed in the form below to meet taxation liabilities and statutory deductions. The remaining Shares were issued directly to Nisan Cohen.
This announcement is made pursuant to the Company's obligations under Article 19(3) of MAR.
Fiona Smith
Company Secretary
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 | Nisan Cohen | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name | Cineworld Group plc | ||||
b)
| LEI | 213800J2J3TOOI176M73 | ||||
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 | |||||
4A | Exercise of Awards | |||||
a) | Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £0.01 each in Cineworld Group plc GB00B15FWH70
| ||||
b) | Nature of the transaction | Exercise of awards under the Cineworld Group 2007 Performance Share Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Single transaction as noted in 4 c) above
| ||||
e) | Date of the transaction | 18 January 2018 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
4B | Sale of Shares | |||||
a) | Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of £0.01 each in Cineworld Group plc
GB00B15FWH70
| ||||
b) | Nature of the transaction | Sale of certain shares allotted on exercise of awards under the Cineworld Group 2007 Performance Share Plan to meet statutory deductions and tax liabilities relating to the exercise | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Single transaction as noted in 4 c) above
| ||||
e) | Date of the transaction | 18 January 2018 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||