25 Aug 2017 07:00
25 August 2017
Conviviality Plc(the "Company")
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations
Conviviality Plc (AIM: CVR), the UK's leading independent wholesaler and distributor of alcohol and impulse serving consumers through its Franchised retail outlets and through hospitality and food service, announces the following awards over ordinary shares of £0.0002 each in the Company ("Ordinary Shares") under the Conviviality Plc Deferred Annual Bonus Share Plan ("DABS").
Pursuant to the annual bonus plan applicable to the executive directors of Conviviality Plc in respect of the financial year ended 30 April 2017, 50% of the bonus payable to each Director was satisfied in cash, with the balance to be satisfied with Ordinary Shares. Options have been granted to the executive directors on 24 August 2017 in respect of such number of Ordinary Shares as have been purchased by the Conviviality Plc Employee Benefit Trust using the part of the annual bonus which was not paid in cash, with such options ordinarily vesting on 28 July 2018 (the first anniversary of the date on which the part of the bonus paid in cash was satisfied):
PDMR | Number of Ordinary Shares subject to the Award | Effective date of grant |
Diana Hunter | 53,685 | 24 August 2017 |
Andrew Humphreys | 24,337 | 24 August 2017 |
David Robinson | 28,962 | 24 August 2017 |
Mark Aylwin | 30,252 | 24 August 2017 |
Participants will accrue a right to dividends paid on Ordinary Shares subject to option, which may be satisfied in cash or by the issue of additional Ordinary Shares. The exercise price payable by each executive director is £0.0002 per Ordinary Share.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Diana Hunter
| ||||
2 | Reason for the notification | |||||
a) | Position/status | CEO | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name |
| ||||
b) | LEI | 213800QZEVZPBN5XA643 | ||||
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 |
| ||||
b) | Nature of the transaction | Grant of an option under the Conviviality Plc Deferred Annual Bonus Share Plan. The awards will ordinarily vest on 28 July 2018 with an exercise price of £0.0002 per share. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
| ||||
e) | Date of the transaction | 24 August 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Andrew Humphreys
| ||||
2 | Reason for the notification | |||||
a) | Position/status | CFO | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name |
| ||||
b) | LEI | 213800QZEVZPBN5XA643 | ||||
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 |
| ||||
b) | Nature of the transaction | Grant of an option under the Conviviality Plc Deferred Annual Bonus Share Plan. The awards will ordinarily vest on 28 July 2018 with an exercise price of £0.0002 per share. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
| ||||
e) | Date of the transaction | 24 August 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | David Robinson
| ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director, Conviviality Retail | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name |
| ||||
b) | LEI | 213800QZEVZPBN5XA643 | ||||
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 |
| ||||
b) | Nature of the transaction | Grant of an option under the Conviviality Plc Deferred Annual Bonus Share Plan. The awards will ordinarily vest on 28 July 2018 with an exercise price of £0.0002 per share. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
| ||||
e) | Date of the transaction | 24 August 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Mark Aylwin
| ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director, Conviviality Direct | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name |
| ||||
b) | LEI | 213800QZEVZPBN5XA643 | ||||
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 |
| ||||
b) | Nature of the transaction | Grant of an option under the Conviviality Plc Deferred Annual Bonus Share Plan. The awards will ordinarily vest on 28 July 2018 with an exercise price of £0.0002 per share. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
| ||||
e) | Date of the transaction | 24 August 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Conviviality Plc Tel: 01270 614 700Diana Hunter, Chief Executive OfficerAndrew Humphreys, Chief Financial Officer
Investec (Nominated Adviser and Broker) Tel: 020 7597 5970Garry Levin / David Flin / Daniel Adams
FTI Consulting Tel: 020 3727 1000Jonathon Brill / Georgina Goodhew / Fiona Walker