Fuller, Smith & Turner PLC (FSTA) Fuller, Smith & Turner PLC: Director/PDMR Shareholding 26-Jul-2023 / 18:17 GMT/BST
Fuller, Smith & Turner P.L.C. (“the Company”) Director/PDMR Shareholdings This notification is made in accordance with the Market Abuse Regulation. The Company annnounces that on 25 July 2023: Conditional share awards were granted under the Company’s Long-Term Incentive Plan 2020 (the “Plan”) to Executive Directors and persons discharging managerial responsibilities (“PDMRs”) as set out in the notifications below. All awards are over a combination of both 40p ‘A’ Ordinary Shares and 4p ‘B’ Ordinary shares. The calculation of the awards is based on the five day average price of the middle market quotations ending 24 July 2023, being £5.852 for ‘A’ Ordinary Shares and £0.5852 (notionally) for ‘B’ Ordinary Shares. Vesting of these awards is subject to the fulfilment of certain performance conditions over the three-year period ending FY2026 (as detailed in the 2023 Annual Report and Accounts) and continued employment. All awards granted to Executive Directors are subject to a two-year holding period. Under the Plan rules, the Remuneration Committee has full discretion to ensure that the final outturn reflects all relevant factors, including consideration of any windfall gains. Options were granted under the Company’s Executive Share Option Scheme 2018 (“ESOS”) to Executive Directors and PDMRs, to the extent they are eligible up to the maximum value set by HMRC, as set out in the notifications below. The options are granted over 40p ’A’ Ordinary Shares and the option price is based on the closing price as at 24 July 2023, being £6.00. The options will vest on their third anniversary of grant, provided the participant is still an employee and subject to the achievement of certain performance criteria, and thereafter options will remain exercisable until their tenth anniversary. As noted in the 2023 Annual Report and Accounts, prior to the grant, the Retail Director surrendered a vested option granted to him on 30 June 2014 under the ESOS and was eligible to recieve an award up to the maximum value set by HMRC. Enquiries: Rachel Spencer Company Secretary 020 8996 2073 Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them | 1. | Details of the person discharging managerial responsibilities/person closely associated | | a) | Name | Simon Emeny | | 2. | Reason for the notification | | a) | Position/status | Chief Executive | | b) | Initial notification/Amendment | Initial Notification | | 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | Fuller, Smith & Turner P.L.C. | | b) | LEI | 213800C7ACOFMRCQQW76 | | 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 | ‘A’ Ordinary Shares of 40p each ‘B’ Ordinary Shares of 4p each ‘A’ Ordinary Shares - GB00B1YPC344 ‘B’ Ordinary Shares - unlisted | | b) | Nature of the transaction | Award made under the Fuller, Smith & Turner P.L.C. Long Term Incentive Plan 2020 and under the Fuller, Smith & Turner P.L.C. Executive Share Option Scheme 2018 | | c) | Price(s) and volume(s) | Price | Volume | | | | ‘A’ Ord Shares | Share Price | ‘B’ Ord Shares | Share Price | | LTIP | 95,095 | £5.852 | 237,739 | £0.5852 | | ESOS | 10,000 | £6.00 | - | - |
| | d) | Aggregated information | As Above | | Aggregated volume | As above | | Price | As Above | | e) | Date of the transaction | 25 July 2023 | | f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | | a) | Name | Neil Smith | | 2. | Reason for the notification | | a) | Position/status | Finance Director | | b) | Initial notification/Amendment | Initial | | 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | Fuller, Smith & Turner P.L.C. | | b) | LEI | 213800C7ACOFMRCQQW76 | | 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 | ‘A’ Ordinary Shares of 40p each ‘B’ Ordinary Shares of 4p each ‘A’ Ordinary Shares - GB00B1YPC344 ‘B’ Ordinary Shares - unlisted | | b) | Nature of the transaction | Awards made under the Fuller, Smith & Turner P.L.C. Long Term Incentive Plan 2020 and under the Fuller, Smith & Turner P.L.C. Executive Share Option Scheme 2018 | | c) | Price(s) and volume(s) | Price | Volume | | | | ‘A’ Ord Shares | Share Price | ‘B’ Ord Shares | Share Price | | LTIP | 52,631 | £5.852 | 131,578 | £0.5852 | | ESOS | 5,000 | £6.00 | - | - |
| | d) | Aggregated information | As Above | | Aggregated volume | As Above | | Price | As Above | | e) | Date of the transaction | 25 July 2023 | | f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | | a) | Name | Fred Turner | | 2. | Reason for the notification | | a) | Position/status | Retail Director | | b) | Initial notification/Amendment | Initial | | 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | Fuller, Smith & Turner P.L.C. | | b) | LEI | 213800C7ACOFMRCQQW76 | | 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 | ‘A’ Ordinary Shares of 40p each ‘B’ Ordinary Shares of 4p each ‘A’ Ordinary Shares - GB00B1YPC344 ‘B’ Ordinary Shares - unlisted | | b) | Nature of the transaction | Awards made under the Fuller, Smith & Turner P.L.C. Long Term Incentive Plan 2020 and under the Fuller, Smith & Turner P.L.C. Executive Share Option Scheme 2018 | | c) | Price(s) and volume(s) | Price | Volume | | | | ‘A’ Ord Shares | Share Price | ‘B’ Ord Shares | Share Price | | LTIP | 38,021 | £5.852 | 95,052 | £0.5852 | | ESOS | 9,166 | £6.00 | - | - |
| | d) | Aggregated information | As Above | | Aggregated volume | As Above | | Price | As Above | | e) | Date of the transaction | 25 July 2023 | | f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | | a) | Name | Dawn Browne | | 2. | Reason for the notification | | a) | Position/status | People & Talent Director | | b) | Initial notification/Amendment | Initial Notification | | 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | Fuller, Smith & Turner P.L.C. | | b) | LEI | 213800C7ACOFMRCQQW76 | | 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 | ‘A’ Ordinary Shares of 40p each ‘B’ Ordinary Shares of 4p each ‘A’ Ordinary Shares - GB00B1YPC344 ‘B’ Ordinary Shares - unlisted | | b) | Nature of the transaction | Awards made under the Fuller, Smith & Turner P.L.C. Long Term Incentive Plan 2020 and under the Fuller, Smith & Turner P.L.C. Executive Share Option Scheme 2018 | | c) | Price(s) and volume(s) | Price | Volume | | | | ‘A’ Ord Shares | Share Price | ‘B’ Ord Shares | Share Price | | LTIP | 36,739 | £5.852 | 91,848 | £0.5852 | | ESOS | 5,833 | £6.00 | - | - |
| | d) | Aggregated information | As Above | | Aggregated volume | As above | | Price | As Above | | e) | Date of the transaction | 25 July 2023 | | f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | | a) | Name | Peter Turner | | 2. | Reason for the notification | | a) | Position/status | Property Director / PDMR | | b) | Initial notification/Amendment | Initial Notification | | 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | Fuller, Smith & Turner P.L.C. | | b) | LEI | 213800C7ACOFMRCQQW76 | | 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 | ‘A’ Ordinary Shares of 40p each ‘B’ Ordinary Shares of 4p each ‘A’ Ordinary Shares - GB00B1YPC344 ‘B’ ordinary Shares - unlisted | | b) | Nature of the transaction | Award made under the Fuller, Smith & Turner P.L.C. Long Term Incentive Plan 2020 and under the Fuller, Smith & Turner P.L.C. Executive Share Option Scheme 2018 | | c) | Price(s) and volume(s) | Price | Volume | | | | ‘A’ Ord Shares | Share Price | ‘B’ Ord Shares | Share Price | | LTIP | 17,173 | £5.852 | 42,934 | £0.5852 | | ESOS | 10,000 | £6.00 | - | - |
| | d) | Aggregated information | As Above | | Aggregated volume | As above | | Price | As Above | | e) | Date of the transaction | 25 July 2023 | | f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | | a) | Name | Samantha Bourke | | 2. | Reason for the notification | | a) | Position/status | Marketing Director / PDMR | | b) | Initial notification/Amendment | Initial Notification | | 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | a) | Name | Fuller, Smith & Turner P.L.C. | | b) | LEI | 213800C7ACOFMRCQQW76 | | 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 | ‘A’ Ordinary Shares of 40p each ‘B’ Ordinary Shares of 4p each ‘A’ Ordinary Shares - GB00B1YPC344 ‘B’ Ordinary Shares - unlisted | | b) | Nature of the transaction | Award made under the Fuller, Smith & Turner P.L.C. Long Term Incentive Plan 2020 and under the Fuller, Smith & Turner P.L.C. Executive Share Option Scheme 2018 | | c) | Price(s) and volume(s) | Price | Volume | | | | ‘A’ Ord Shares | Share Price | ‘B’ Ord Shares | Share Price | | LTIP | 15,225 | £5.852 | 38,063 | £0.5852 | | ESOS | 10,000 | £6.00 | - | - |
| | d) | Aggregated information | As Above | | Aggregated volume | As above | | Price | As Above | | e) | Date of the transaction | 25 July 2023 | | f) | Place of the transaction | Outside a trading venue |
Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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