15 Apr 2020 16:52
CINEWORLD GROUP PLC (the "Company")
Long Term Incentive Plan Awards
The Company announces that, on 14 April 2020, awards over ordinary shares ("Awards") were granted to a number of Senior Employees in the Cineworld Group, including in the US, the UK, and in Rest of World territories, in line with the Company's annual process for granting Awards under the Cineworld Group plc 2017 Long Term Incentive Plan (the "LTIP") (the "Grant").
The Awards granted pursuant to the LTIP were structured as nil cost options to acquire Shares or conditional awards, and no consideration was paid for the grant of an Award.
The vesting of an Award is ordinarily subject to continued employment of the participant, and satisfactory performance of the participant over a three-year vesting period. Vesting for the "persons discharging managerial responsibilities" ("PDMRs") listed below is also subject to the satisfaction of performance conditions over the three-year period, as set by the Remuneration Committee of the Company.
The Grant included Awards to the following individuals, each of whom is a PDMR as such term is defined in the Market Abuse Regulation (2014/596/EU) ("MAR"), and the Company has today received notifications pursuant to the requirements of Article 19(1) of MAR in respect of those Awards:
PDMR | Number of Options under the Award Granted pursuant to the LTIP |
Moshe Greidinger (Director) | 1,672,061 |
Israel Greidinger (Director) | 1,340,302 |
Nisan Cohen (Director) | 786,266 |
Renana Teperberg (Director) | 786,266 |
Matthew Eyre | 357,645 |
The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the grant of the Awards listed above are set out below.
This announcement is made pursuant to the Company's obligations under Article 19(3) of MAR.
Fiona Smith
Company Secretary
LEI: 213800J2J3TOOI176M73
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 | Moshe Greidinger | ||||
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 | |||||
a) | Description of the financial instrument, type of instrument
Identification code |
Options over ordinary shares of £0.01 each in Cineworld Group plc
GB00B15FWH70
| ||||
b) | Nature of the transaction | Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares. | ||||
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 | 14 April 2020 | ||||
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 | Israel Greidinger | ||||
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 | |||||
a) | Description of the financial instrument, type of instrument
Identification code |
Options over ordinary shares of £0.01 each in Cineworld Group plc
GB00B15FWH70
| ||||
b) | Nature of the transaction | Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares. | ||||
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 | 14 April 2020 | ||||
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 | 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 | |||||
a) | Description of the financial instrument, type of instrument
Identification code |
Options over ordinary shares of £0.01 each in Cineworld Group plc
GB00B15FWH70
| ||||
b) | Nature of the transaction | Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares. | ||||
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 | 14 April 2020 | ||||
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 | Renana Teperberg | ||||
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 | |||||
a) | Description of the financial instrument, type of instrument
Identification code |
Options over ordinary shares of £0.01 each in Cineworld Group plc
GB00B15FWH70
| ||||
b) | Nature of the transaction | Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares. | ||||
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 | 14 April 2020 | ||||
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 | Matthew Eyre | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR | ||||
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 | |||||
a) | Description of the financial instrument, type of instrument
Identification code |
Options over ordinary shares of £0.01 each in Cineworld Group plc
GB00B15FWH70
| ||||
b) | Nature of the transaction | Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as a conditional award. | ||||
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 | 14 April 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||