5 Jan 2017 16:00
Enterprise Inns plc (the "Company")
Director/PDMR Shareholding
5 January 2017
Exercise of LTIP awards - Third and final tranche
The Company confirms that on 4 January 2017 each of the following executive directors exercised the third and final tranche of an option (being one third of the option) granted on 3 January 2012 under the Enterprise Inns 2005 Long Term Incentive Plan, to acquire ordinary shares in the Company as shown in the table below.
Also on the 4 January 2017 each director sold sufficient of the ordinary shares acquired pursuant to the exercise to fund the resulting tax liability and costs and additional shares, as follows:
Name/position | Number of ordinary shares acquired on exercise of option | Number of ordinary shares sold to cover the resulting tax and costs and other shares sold | Price per ordinary share sold |
W S Townsend Chief Executive Officer | 222,997 | 105,204 shares sold to cover 64,041 additional shares sold | 121.63p |
N R Smith Chief Financial Officer | 203,252 | 95,877 shares sold to cover 52,359 additional shares sold | 121.63p |
Total Shares held.
The total number and percentage of Shares beneficially held by the following directors immediately following these notifications has increased and is now as follows:
| Name/Position | Total holding and % of issued shares (excluding treasury) | Name/Position | Total holding and % of issued shares (excluding treasury) |
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| W S Townsend Chief Executive Officer | 1,223,017 0.25% | N R Smith Chief Financial Officer | 438,017 0.09% |
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Public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Notification of Dealing Form
1 | Details of the person discharging managerial responsibility /persons closely associated with them. | ||
a) | Name | W S Townsend | |
2 | Reason for the Notification | ||
a) | Position/status | CEO | |
b) | Initial Notification/Amendment | Initial Notification | |
3 | Details of the issuer | ||
a) | Name | Enterprise Inns plc | |
4 | Details of the transactions | ||
a) | Description of the financial instruments, type of instrument Identification Code | Ordinary Shares of 2.5 pence each GB00B1L8B624 | |
b) | Nature of transactions | Vesting and exercise of Long Term Incentive Plan (LTIP) over 222,997 shares, price - nil, part of 2012 LTIP.
Sale of shares acquired by exercise (including to cover tax) 169,245 at 121.63p | |
c) | Price(s) and volume(s) of share sales | Price(s) | Volume(s) |
121.63p | 169,245 | ||
d) | Aggregated information of share sales Aggregated volume Price |
169,245 121.63p | |
e) | Date of the transactions | 4 January 2017 | |
f) | Place of the transaction of share sales | BOAT
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1 | Details of the person discharging managerial responsibility /persons closely associated with them. | ||
a) | Name | N R Smith | |
2 | Reason for the Notification | ||
a) | Position/status | CFO | |
b) | Initial Notification/Amendment | Initial Notification | |
3 | Details of the issuer | ||
a) | Name | Enterprise Inns plc | |
4 | Details of the transactions | ||
a) | Description of the financial instruments, type of instrument Identification Code | Ordinary Shares of 2.5 pence each GB00B1L8B624 | |
b) | Nature of transactions | Vesting and exercise of Long Term Incentive Plan (LTIP) over 203,252 shares, price - nil, part of 2012 LTIP.
Sale of shares acquired by exercise (including to cover tax) 148,236 at 121.63p | |
c) | Price(s) and volume(s) of share sales | Price(s) | Volume(s) |
121.63p | 148,236 | ||
d) | Aggregated information of share sales Aggregated volume Price |
148,236 121,63p | |
e) | Date of the transactions | 4 January 2017 | |
f) | Place of the transaction of shares sales | BOAT
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Contact:
Loretta Togher, Company Secretary, Enterprise Inns plc
0121 272 5223