10 Apr 2019 15:33
10 April 2019
Cobham plc
LEI 213800A41R9NL49E5632
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Cobham plc (the "Company") announces the following transactions of Directors, persons discharging managerial responsibility or connected persons.
The following 2019 Long Term Incentive Plan Grants have been made to the following Directors:
David Lockwood, Chief Executive Officer
David Mellors, Chief Financial Officer
PSP awards made to the CEO and CFO are subject to an additional two year holding period following the end of the performance period. The metrics remain unchanged to previous years at 50% underlying EPS and 50% free cash flow. The targets for underlying EPS in 2021 will be threshold vesting at 16.7% with a target of 8.2 pence and maximum vesting at 100% of 9.0 pence. The free cash flow targets are considered to be commercially sensitive at this stage and will be disclosed at the end of the performance period.
1 | Name of person discharging managerial responsibilities ('PDMR') / connected person (if applicable):
|
David Lockwood
|
2a |
Position / status
| CEO |
2b
| Initial notification / amendment | Initial Notification |
3a | Details of the Issuer | Cobham plc
|
3b | Legal Entity Identifier |
213800A41R9NL49E5632
|
4a | Description of financial instrument
| Cobham plc Ordinary 2.5p shares |
Identification Code | GB00B07KD360 | |
4b | Nature of the transaction | Grant of PSP Performance Award |
4c | Price per share | 113.20 pence |
Volume of the transaction | 1,243,462 | |
4d | Aggregated Information | Volume: 1,243,462 Price: £1.1320 Total: £1,407,600 |
4e | Date of transaction | 2019 Apr 08 |
4f | Place of Transaction | London Stock Exchange XLON |
1 | Name of person discharging managerial responsibilities ('PDMR') / connected person (if applicable):
|
David Mellors
|
2a |
Position / status
| CFO |
2b
| Initial notification / amendment | Initial Notification |
3a | Details of the Issuer | Cobham plc
|
3b | Legal Entity Identifier |
213800A41R9NL49E5632
|
4a | Description of financial instrument
| Cobham plc Ordinary 2.5p shares |
Identification Code | GB00B07KD360 | |
4b | Nature of the transaction | Grant of PSP Performance Award |
4c | Price per share | 113.20 pence |
Volume of the transaction | 702,826 | |
4d | Aggregated Information | Volume: 702,826 Price: £1.1320 Total: £795,600 |
4e | Date of transaction | 2019 Apr 08 |
4f | Place of Transaction | London Stock Exchange XLON |