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10 Mar 2016 14:08
Communisis plc
('Communisis' or the 'Company')
(Symbol: CMS)
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
The notification below is made in accordance with DTR 3.1.4 R(1) and the dealing was in respect of the grant of options pursuant to the Communisis Long Term Incentive Plan to acquire (for nil consideration but subject to a performance condition) ordinary shares of 25 pence each in the share capital of Communisis plc.
On 9 March 2016, each of the persons named in column 1 of the table below was granted the number of options stated in column 2 of the table below.
Column 1 | Column 2 |
Director / PDMR | Options granted |
Andy Blundell | 1,062,778 |
Mark Stoner | 583,009 |
Tony Commons | 277,385 |
David Herridge | 357,236 |
Mark Lewis | 267,927 |
Simon Marshall | 321,512 |
Jon Wellings | 321,512 |
The options are exercisable from 9 March 2019 to 8 March 2021.
1. The Performance Conditions subject to which the options have been granted are as follows:
1.1 100% of the Option is based on compound growth in EPS over financial years 2016, 2017 and 2018. EPS will be Adjusted Basic EPS, calculated on the same basis as for the Company's accounts, (i.e. earnings per share from continuing operations before exceptional items and amortisation of acquired intangibles and the tax effect of these items).
Equivalent CAGR in EPS | Vesting of shares subject to this Target |
Less than 5% p.a. | Nil |
5% p.a. | 15% vests |
6% p.a. | 20% vests |
7.5% p.a. | 25% vests |
10% p.a. | 75% vests |
15% p.a. | 100% vests |
Between each defined threshold | Straight line vesting |
1.2 as an underpin, the Remuneration Committee must be satisfied as to the Company's underlying financial performance in financial years 2016, 2017 and 2018 before any shares may vest.
Chris Judd
Company Secretary
0113 277 0202
10 March 2016
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