12 Aug 2022 16:40
ContourGlobal 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 11 August 2022, the following deferred bonus awards over ordinary shares of 1 pence in ContourGlobal plc were granted under the ContourGlobal plc Long Term Incentive Plan to the following persons discharging managerial responsibilities:
PDMR | No. of shares under Award | Type of Award |
Stefan L. Schellinger | 18,911 | Deferred Bonus Award structured as a conditional award of shares |
The award is structured as a conditional award of shares and will ordinarily vest on 1st March 2024. Pursuant to the Company's remuneration policy requiring that any bonus in excess of 50% of maximum be deferred into shares for a period of two years, the deferred bonus award represents a deferral of 18.4% of the bonus amount determined for Mr. Schellinger for the 2021 bonus year.
As previously disclosed, the President & CEO waived his annual bonus for the 2021 bonus year.
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 | Stefan L. Schellinger | ||||
2 | Reason for Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ContourGlobal plc | ||||
b) | LEI | 5493002I3A4J5TFOR115 | ||||
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 | Ordinary Shares of 1 pence each in ContourGlobal plc
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Identification code | GB00BF448H58 | |||||
b) | Nature of the transaction | Grant of a deferred bonus award under the ContourGlobal plc Long Term Incentive Plan. The award is structured as a conditional award of shares and will ordinarily vest on 1st March 2024.
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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 | 11 August 2022 | ||||
f) | Place of the transaction | Outside a trading venue (XOFF) | ||||
LDC Nominee Secretary Limited
Company Secretary
12 August 2022