Last checked at 27 Mar 2023 16:39
27 March 2023
Glenveagh Properties plc
Awards under the Glenveagh Properties plc Long Term Incentive Plan
On 23 March 2023, the following awards were granted under the Glenveagh Properties plc Long Term Incentive Plan ("LTIP"):
Name of Director/PDMR | Role | No. of Share Options under Award |
Stephen Garvey | Chief Executive Officer | 1,174,168 |
Michael Rice | Chief Financial Officer | 684,932 |
Tony McLoughlin | Managing Director - Planning, Design, Manufacturing and Operations |
220,157 |
Wesley Rothwell | Chief Commercial Officer | 216,487 |
Barney O'Reilly | Head of Construction | 183,464 |
Conor Murtagh | Chief Strategy Officer | 183,464 |
Chloe McCarthy | Group Company Secretary | 146,771 |
The number of shares awarded under the LTIP is based on the closing price on Euronext Dublin on 22 March 2023, the dealing day immediately preceding the date of grant.
As detailed in the 2022 Annual Report, the Remuneration Committee committed to disclosing details in relation to the metrics and targets to apply to the 2023 LTIP award at the time of granting.
Following a comprehensive review of internal forecasts, and taking into account external expectations of future performance, the Company announces the following metrics and targets that will apply to the 2023 LTIP awards, to be achieved in FY2025:
Metric | Weighting | Threshold Target (25%) | Maximum Target (100%) |
EPS | 50% | 14c | 22c |
ROE | 50% | 11% | 16.2% |
Vesting between threshold and maximum targets will be calculated on a straight-line basis.
For further information, please contact:
Glenveagh Properties plc
Chloe McCarthy
Company Secretary
Tel: +353 (1) 903 7100
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name | Stephen Garvey
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| ||||||
Reason for the notification
| ||||||
a) | Position/status | Chief Executive Officer/PDMR
| ||||
b) | Initial Notification Amendment | Initial notification
| ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Glenveagh Properties plc
| ||||
b) | LEI | 635400QUQ2YYGMOAK834
| ||||
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 | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
| ||||
b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | ||||
e) | Date of the transaction | 23 March 2023
| ||||
f) | Place of the transaction | Outside a trading venue
| ||||
g) | Additional Information | Period during which options can be exercised:
22 March 2026 to 23 March 2030
| ||||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name | Michael Rice
| ||||
| ||||||
Reason for the notification
| ||||||
a) | Position/status | Chief Financial Officer/PDMR
| ||||
b) | Initial Notification Amendment | Initial notification
| ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Glenveagh Properties plc
| ||||
b) | LEI | 635400QUQ2YYGMOAK834
| ||||
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 | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
| ||||
b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | ||||
e) | Date of the transaction | 23 March 2023
| ||||
f) | Place of the transaction | Outside a trading venue
| ||||
g) | Additional Information | Period during which options can be exercised:
22 March 2026 to 23 March 2030
| ||||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name | Tony McLoughlin
| ||||
| ||||||
Reason for the notification
| ||||||
a) | Position/status | Managing Director - Planning, Design, Manufacturing and Operations/PDMR
| ||||
b) | Initial Notification Amendment | Initial notification
| ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Glenveagh Properties plc
| ||||
b) | LEI | 635400QUQ2YYGMOAK834
| ||||
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 | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
| ||||
b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | ||||
e) | Date of the transaction | 23 March 2023
| ||||
f) | Place of the transaction | Outside a trading venue
| ||||
g) | Additional Information | Period during which options can be exercised:
22 March 2026 to 23 March 2030
| ||||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name | Wesley Rothwell
| ||||
| ||||||
Reason for the notification
| ||||||
a) | Position/status | Chief Commercial Officer/PDMR
| ||||
b) | Initial Notification Amendment | Initial notification
| ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Glenveagh Properties plc
| ||||
b) | LEI | 635400QUQ2YYGMOAK834
| ||||
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 | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
| ||||
b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | ||||
e) | Date of the transaction | 23 March 2023
| ||||
f) | Place of the transaction | Outside a trading venue
| ||||
g) | Additional Information | Period during which options can be exercised:
22 March 2026 to 23 March 2030
| ||||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name | Barney O'Reilly
| ||||
| ||||||
Reason for the notification
| ||||||
a) | Position/status | Head of Construction/PDMR
| ||||
b) | Initial Notification Amendment | Initial notification
| ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Glenveagh Properties plc
| ||||
b) | LEI | 635400QUQ2YYGMOAK834
| ||||
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 | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
| ||||
b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | ||||
e) | Date of the transaction | 23 March 2023
| ||||
f) | Place of the transaction | Outside a trading venue
| ||||
g) | Additional Information | Period during which options can be exercised:
22 March 2026 to 23 March 2030
| ||||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name | Conor Murtagh
| ||||
| ||||||
Reason for the notification
| ||||||
a) | Position/status | Chief Strategy Officer/PDMR
| ||||
b) | Initial Notification Amendment | Initial notification
| ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Glenveagh Properties plc
| ||||
b) | LEI | 635400QUQ2YYGMOAK834
| ||||
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 | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
| ||||
b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | ||||
e) | Date of the transaction | 23 March 2023
| ||||
f) | Place of the transaction | Outside a trading venue
| ||||
g) | Additional Information | Period during which options can be exercised:
22 March 2026 to 23 March 2030
| ||||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name | Chloe McCarthy
| ||||
| ||||||
Reason for the notification
| ||||||
a) | Position/status | Company Secretary/PDMR
| ||||
b) | Initial Notification Amendment | Initial notification
| ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Glenveagh Properties plc
| ||||
b) | LEI | 635400QUQ2YYGMOAK834
| ||||
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 | Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
| ||||
b) | Nature of the transaction | Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Not applicable - single transaction | ||||
e) | Date of the transaction | 23 March 2023
| ||||
f) | Place of the transaction | Outside a trading venue
| ||||
g) | Additional Information | Period during which options can be exercised:
22 March 2026 to 23 March 2030
| ||||