19 Jan 2018 15:36
FENNER PLC
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
On 18 January 2018, the following awards under the Fenner Performance Share Plan 2015 (the 'Plan')] were made to certain PDMR of the Company:
PDMR | No. of shares under award |
Mark Abrahams | 138,837 |
John Pratt | 91,015 |
Debra Bradbury | 21,683 |
Leonard Casey | 42,398 |
Jack Krecek | 42,398 |
Edwin Have | 42,398 |
David Landgren | 42,398 |
Karen West | 42,398 |
Claire Binyon | 22,244 |
The awards are structured as conditional awards over ordinary shares of nominal value of 25 pence each and will ordinarily vest on the third anniversary of grant subject to continued service and to the extent to which performance conditions are satisfied. Vested shares are then ordinarily subject to a three year holding period (net of sufficient sales for tax settlement).
Details of the full notifications received by the Company are set out below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mark Abrahams | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Fenner PLC | ||||
b) | LEI | 213800VKA7WJ7N2VXQ02 | ||||
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 | Ordinary Shares of 25 pence each in Fenner PLC GB0003345054 | ||||
b) | Nature of the transaction | Grant of a conditional award under the Fenner Performance Share Plan 2015. The award will ordinarily vest on the third anniversary of grant subject to continued service and to the extent to which performance conditions are satisfied.[Vested shares are then ordinarily subject to a three year holding period (net of sufficient sales for tax settlement).
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 18 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | John Pratt | ||||
2 | Reason for Notification | |||||
a) | Position/status | Group Finance Director | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Fenner PLC | ||||
b) | LEI | 213800VKA7WJ7N2VXQ02 | ||||
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 | Ordinary Shares of 25 pence each in Fenner PLC GB0003345054 | ||||
b) | Nature of the transaction | Grant of a conditional award under the Fenner Performance Share Plan 2015. The award will ordinarily vest on the third anniversary of grant subject to continued service and to the extent to which performance conditions are satisfied. Vested shares are then ordinarily subject to a three year holding period (net of sufficient sales for tax settlement).
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 18 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Debra Bradbury | ||||
2 | Reason for Notification | |||||
a) | Position/status | Group Company Secretary | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Fenner PLC | ||||
b) | LEI | 213800VKA7WJ7N2VXQ02 | ||||
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 | Ordinary Shares of 25 pence each in Fenner PLC GB0003345054 | ||||
b) | Nature of the transaction | Grant of a conditional award under the Fenner Performance Share Plan 2015. The award will ordinarily vest on the third anniversary of grant subject to continued service and to the extent to which performance conditions are satisfied. Vested shares are then ordinarily subject to a three year holding period (net of sufficient sales for tax settlement).
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 18 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Leonard Casey | ||||
2 | Reason for Notification | |||||
a) | Position/status | Divisional MD | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Fenner PLC | ||||
b) | LEI | 213800VKA7WJ7N2VXQ02 | ||||
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 | Ordinary Shares of 25 pence each in Fenner PLC GB0003345054 | ||||
b) | Nature of the transaction | Grant of a conditional award under the Fenner Performance Share Plan 2015. The award will ordinarily vest on the third anniversary of grant subject to continued service and to the extent to which performance conditions are satisfied. Vested shares are then ordinarily subject to a three year holding period (net of sufficient sales for tax settlement).
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 18 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Jack Krecek | ||||
2 | Reason for Notification | |||||
a) | Position/status | Divisional MD | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Fenner PLC | ||||
b) | LEI | 213800VKA7WJ7N2VXQ02 | ||||
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 | Ordinary Shares of 25 pence each in Fenner PLC GB0003345054 | ||||
b) | Nature of the transaction | Grant of a conditional award under the Fenner Performance Share Plan 2015. The award will ordinarily vest on the third anniversary of grant subject to continued service and to the extent to which performance conditions are satisfied. Vested shares are then ordinarily subject to a three year holding period (net of sufficient sales for tax settlement).
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 18 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Edwin Have | ||||
2 | Reason for Notification | |||||
a) | Position/status | Divisional MD | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Fenner PLC | ||||
b) | LEI | 213800VKA7WJ7N2VXQ02 | ||||
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 | Ordinary Shares of 25 pence each in Fenner PLC GB0003345054 | ||||
b) | Nature of the transaction | Grant of a conditional award under the Fenner Performance Share Plan 2015. The award will ordinarily vest on the third anniversary of grant subject to continued service and to the extent to which performance conditions are satisfied. Vested shares are then ordinarily subject to a three year holding period (net of sufficient sales for tax settlement).
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 18 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Landgren | ||||
2 | Reason for Notification | |||||
a) | Position/status | Divisional MD | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Fenner PLC | ||||
b) | LEI | 213800VKA7WJ7N2VXQ02 | ||||
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 | Ordinary Shares of 25 pence each in Fenner PLC GB0003345054 | ||||
b) | Nature of the transaction | Grant of a conditional award under the Fenner Performance Share Plan 2015. The award will ordinarily vest on the third anniversary of grant subject to continued service and to the extent to which performance conditions are satisfied. Vested shares are then ordinarily subject to a three year holding period (net of sufficient sales for tax settlement).
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 18 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Karen West | ||||
2 | Reason for Notification | |||||
a) | Position/status | Divisional MD | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Fenner PLC | ||||
b) | LEI | 213800VKA7WJ7N2VXQ02 | ||||
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 | Ordinary Shares of 25 pence each in Fenner PLC GB0003345054 | ||||
b) | Nature of the transaction | Grant of a conditional award under the Fenner Performance Share Plan 2015. The award will ordinarily vest on the third anniversary of grant subject to continued service and to the extent to which performance conditions are satisfied. Vested shares are then ordinarily subject to a three year holding period (net of sufficient sales for tax settlement).
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 18 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Claire Binyon | ||||
2 | Reason for Notification | |||||
a) | Position/status | Group Corporate Development Director | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Fenner PLC | ||||
b) | LEI | 213800VKA7WJ7N2VXQ02 | ||||
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 | Ordinary Shares of 25 pence each in Fenner PLC GB0003345054 | ||||
b) | Nature of the transaction | Grant of a conditional award under the Fenner Performance Share Plan 2015. The award will ordinarily vest on the third anniversary of grant subject to continued service and to the extent to which performance conditions are satisfied. Vested shares are then ordinarily subject to a three year holding period (net of sufficient sales for tax settlement).
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 18 January 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries:
Debra Bradbury Group Company SecretaryFenner PLC
Tel: (+44) 01482 626500
19 January 2018