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8 Aug 2018 15:23
GREENE KING PLC
Annex DTR3
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
All relevant boxes should be completed in block capital letters.
1. | Name of the issuer
| 2. | State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).
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GREENE KING PLC | THE NOTIFICATION RELATES TO A TRANSACTION NOTIFIED IN ACCORDANCE WITH DTR 3.1.2 R
| ||
3. | Name of person discharging managerial responsibilities/director
| 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
|
MATTHEW STARBUCK
| NOTIFICATION RELATES TO A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES | ||
5. | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest 1
| 6. | Description of shares (including class), debentures or derivatives or financial instruments relating to shares
|
NOTIFICATION IS IN RESPECT OF THE PERSON REFERRED TO IN 3 ABOVE
| ORDINARY SHARES 12 ½p EACH | ||
7. | Name of registered shareholders(s) and, if more than one, the number of shares held by each of them | 8. | State the nature of the transaction |
N/A
| AWARDS HAVE BEEN GRANTED UNDER THE RULES OF THE GREENE KING PERFORMANCE SHARE PLAN 2013
| ||
9. | Number of shares, debentures or financial instruments relating to shares acquired
| 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
|
N/A
| N/A | ||
11. | Number of shares, debentures or financial instruments relating to shares disposed
| 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
|
N/A
| N/A | ||
13. | Price per share or value of transaction
| 14. | Date and place of transaction
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N/A
| N/A | ||
15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
| 16. | Date issuer informed of transaction
|
0 (0%) (remains unchanged following this announcement)
| N/A |
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. | Date of grant
| 18. | Period during which or date on which exercisable
|
8 August 2018
| 9 August 2021 - 7 August 2028 | ||
19. | Total amount paid (if any) for grant of the option | 20. | Description of shares or debentures involved (class and number)
|
N/A
| ORDINARY SHARES 12 ½p EACH | ||
21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
| 22. | Total number of shares or debentures over which options held following notification
|
NIL
| 47,268 | ||
23. | Any additional information
| 24. | Name of contact and telephone number for queries
|
AWARDS GRANTED UNDER THE GREENE KING PERFORMANCE SHARE PLAN 2013 ARE AWARDED AT NIL COST.
THE AWARDS WILL BE SUBJECT TO THE THREE YEAR PERFORMANCE CONDITIONS AS SET OUT BELOW.
| LINDSAY KESWICK 01284 763222
|
The LTIP awards referred to above are subject to the following performance conditions which will be measured over the three years to 30 April 2021:
% of total award | Threshold Vesting Performance (20% of Maximum) | Target Vesting Performance (50% of maximum) | Maximum Vesting Performance (100% of Maximum) | |
ROCE | 50% | 8.2% | 8.5% | 8.7% |
EPS | 25% | 64.6p | 68.5p | 72.6p |
FCF | 25% | £185m | £195m | £210m |
Underpin applicable to all metrics: All awards will be subject to an underpin performance condition whereby the committee may reduce the level of vesting awards (including to zero) if it is not satisfied regarding performance during the performance period for the LTIP awards.
|
Name of authorised official of issuer responsible for making notification
LINDSAY KESWICK COMPANY SECRETARY
Date of notification 8 August 2018
|
Notes: This form is intended for use by an issuer to make a RIS notification required by DR 3.3.
(1) | An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. |
(2) | An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. |
(3) | An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. |
(4) | An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. |
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