Last checked at 18 Sep 2019 18:09
18 September 2019
Genus plc
Director/PDMR Shareholding
Genus plc (LSE: GNS) announces the vesting on 14 September 2019 of conditional nil-cost options and conditional shares granted in 2016 under the Genus 2014 Performance Share Plan (the 'PSP') and conditional nil-cost options granted in 2016 under the Genus Deferred Share Bonus Plan (the 'DSBP'), as listed in Table A, Table B and Table C below respectively, to members of the Genus Executive Leadership Team ('GELT').
Conditional nil-cost options granted under the PSP were subject to relevant performance conditions, measured over a three-year performance period which commenced on 1 July 2016 and ended on 30 June 2019. Following assessment of the performance conditions, the Remuneration Committee determined that the awards would vest at 78.9% of the original grant. The balance of the awards made to the PDMRs listed in table A have lapsed.
Genus further announces that following the vestings:
·; Angelle Rosata, Group Human Resources Director, sold ordinary shares in Genus on 16 September 2019 on the London Stock Exchange, with income tax and social security liabilities due on the release being deducted from the sale proceeds and the balance of funds retained, as listed in Table B;
·; Janet Duane, Interim Group Finance Director, sold sufficient ordinary shares in Genus on 16 September 2019 on the London Stock Exchange to offset income tax and social security liabilities due on the sale and retained the balance of ordinary shares, as listed in Table B; and
·; Jerry Thompson, Chief Operating Officer Genus ABS Beef, sold sufficient ordinary shares in Genus on 17 September 2019 on the London Stock Exchange to offset income tax and social security liabilities due on the exercises and retained the balance of ordinary shares, as listed in Table D.
The below notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail on the number of conditional shares released and ordinary shares sold on 16 September 2019, and the number of nil-cost options exercised and ordinary shares sold on 17 September 2019.
For further information please contact:
Genus:
Vaughn Walton, Deputy Company Secretary Tel: +44 (0)1256 347100
Table A - GELT 2014 Performance Share Plan Vesting
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||
a. | Name | 1. Stephen Wilson 2. Dan Hartley 3. William Christianson 4. Jerry Thompson | ||||||||||
2. | Reason for the notification | |||||||||||
a. | Position/status | 1. Chief Executive Officer 2. Group General Counsel & Company Secretary 3. Chief Operating Officer Genus PIC 4. Chief Operating Officer Genus ABS Beef | ||||||||||
b. | Initial notification /Amendment | Initial notification | ||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||
a. | Name | Genus plc | ||||||||||
b. | LEI | 54930022EOITNKSIGH56 | ||||||||||
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 10p each
GB0002074580 | ||||||||||
b. | Nature of the transaction | Vesting of nil-cost options under the PSP. | ||||||||||
c. | Price(s) and volume(s) |
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d. | Aggregated information ·; Aggregated volume ·; Price
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e. | Date of the transaction | 2019-09-14 | ||||||||||
f. | Place of the transaction | Outside a trading venue. | ||||||||||
Table B - GELT 2014 Performance Share Plan Release
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | 1. Angelle Rosata 2. Janet Duane | ||||
2. | Reason for the notification | |||||
a. | Position/status | 1. Group Human Resources Director 2. Interim Group Finance Director | ||||
b. | Initial notification /Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | Genus plc | ||||
b. | LEI | 54930022EOITNKSIGH56 | ||||
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 10p each
GB0002074580 | ||||
b. | Nature of the transaction | Release of conditional shares under the PSP.
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c. | Price(s) and volume(s) |
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d. | Aggregated information ·; Aggregated volume ·; Price
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e. | Date of the transaction | 2019-09-14 | ||||
f. | Place of the transaction | Outside a trading venue. | ||||
5. | 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. a. | Description of the Financial instrument, type of instrument Identification code | Ordinary shares of 10p each
GB0002074580 | ||||
b. b. | Nature of the transaction | 1. Angelle Rosata sold all shares arising from the release of conditional shares under the PSP, with income tax and social security liabilities due on the release being deducted from the sale proceeds and the balance in funds.
2. Janet Duane sold shares arising from the release of conditional shares under the PSP, to offset income tax and social security liabilities due on the release and retained the balance of shares. | ||||
c. c. | Price(s) and volume(s) |
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d. d. | Aggregated information ·; Aggregated volume ·; Price
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e. | Date of the transaction | 2019-09-16 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
Table C - GELT Deferred Share Bonus Plan Vesting
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||
a. | Name | 1. Stephen Wilson 2. Dan Hartley 3. William Christianson 4. Jerry Thompson | ||||||||||
2. | Reason for the notification | |||||||||||
a. | Position/status | 1. Chief Executive Officer 2. Group General Counsel & Company Secretary 3. Chief Operating Officer Genus PIC 4. Chief Operating Officer Genus ABS Beef | ||||||||||
b. | Initial notification /Amendment | Initial notification | ||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||
a. | Name | Genus plc | ||||||||||
b. | LEI | 54930022EOITNKSIGH56 | ||||||||||
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 10p each
GB0002074580 | ||||||||||
b. | Nature of the transaction | Vesting of nil-cost options under the DSBP.
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c. | Price(s) and volume(s) |
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d. | Aggregated information ·; Aggregated volume ·; Price
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e. | Date of the transaction | 2019-09-14 | ||||||||||
f. | Place of the transaction | Outside a trading venue. | ||||||||||
Table D - GELT 2014 Performance Share Plan Exercise
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a. | Name | Jerry Thompson | ||||||
2. | Reason for the notification | |||||||
a. | Position/status | Chief Operating Officer Genus ABS Beef | ||||||
b. | Initial notification /Amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a. | Name | Genus plc | ||||||
b. | LEI | 54930022EOITNKSIGH56 | ||||||
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 10p each
GB0002074580 | ||||||
b. | Nature of the transaction | Exercise of 13,398 nil-cost options under the PSP. | ||||||
c. | Price(s) and volume(s) |
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d. | Aggregated information ·; Aggregated volume ·; Price
|
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e. | Date of the transaction | 2019-09-17 | ||||||
f. | Place of the transaction | Outside a trading venue. | ||||||
5. | 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 10p each
GB0002074580 | ||||||
b. | Nature of the transaction | Sale of 5,260 shares arising from the exercise of nil-cost options under the PSP to offset income tax and social security liabilities due on the exercise. | ||||||
c. | Price(s) and volume(s) |
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d. | Aggregated information ·; Aggregated volume ·; Price
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e. | Date of the transaction | 2019-09-17 | ||||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON)
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