Last checked at 13 Sep 2022 18:08
13 September 2022
Genus plc
Director/PDMR Shareholding
Genus plc (LSE: GNS) announces that, further to the vesting on 11 September 2022 of conditional nil-cost options granted in 2019 under the Genus 2014 Performance Share Plan (the 'PSP'), as listed in table A below; and conditional nil-cost options granted in 2019 under the Genus Deferred Share Bonus Plan (the 'DSBP') as listed in table B below, members of the Genus Executive Leadership Team ('GELT') sold ordinary shares in Genus on 12 September 2022 and 13 September 2022 on the London Stock Exchange, to offset income tax and social security liabilities due on the exercises and retained the balance of ordinary shares.
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 2019 and ended on 30 June 2022. Following assessment of the performance conditions, the Remuneration Committee determined that the awards would vest at 41.4% of the original grant and the balance of the awards have lapsed.
The below notifications, made in accordance with Article 19 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, give further detail on the number of nil-cost options exercised and ordinary shares sold on 12 September 2022 and 13 September 2022.
For further information please contact:
Genus:
Vaughn Walton, Deputy Company Secretary Tel: +44 (0)1256 347100
Table A - GELT 2014 Performance Share Plan Exercise
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||||
a. | Name | 1. Stephen Wilson 2. Bill Christianson 3. Nate Zwald 4. Jerry Thompson 5. Elena Rice 6. Angelle Rosata 7. Dan Hartley | |||||||||||||||||
2. | Reason for the notification | ||||||||||||||||||
a. | Position/status | 1. Chief Executive Officer 2. Chief Operating Officer Genus PIC 3. Chief Operating Officer Genus ABS Dairy 4. Chief Operating Officer Genus ABS Beef 5. Chief Scientific Officer 6. Group Human Resources Director 7. Group General Counsel & Company Secretary | |||||||||||||||||
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 nil-cost options under the PSP. | |||||||||||||||||
c. | Price(s) and volume(s) | Numbers 1 to 7 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||||
d. | Aggregated information · Aggregated volume · Price
|
Numbers 1 to 7 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||||
e. | Date of the transaction | 2022-09-12 | |||||||||||||||||
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 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) | Numbers 1 to 7 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||||
d. | Aggregated information · Aggregated volume · Price
| Numbers 1 to 7 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||||
e. | Date of the transaction | 2022-09-12 | |||||||||||||||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON)
| |||||||||||||||||
6. | 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 nil-cost options under the PSP. | |||||||||||||||||
c. | Price(s) and volume(s) | Numbers 1 to 7 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||||
d. | Aggregated information · Aggregated volume · Price
|
Numbers 1 to 7 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||||
e. | Date of the transaction | 2022-09-13 | |||||||||||||||||
f. | Place of the transaction | Outside a trading venue. | |||||||||||||||||
7. | 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 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) | Numbers 1 to 7 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||||
d. | Aggregated information · Aggregated volume · Price
| Numbers 1 to 7 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||||
e. | Date of the transaction | 2022-09-13 | |||||||||||||||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON)
| |||||||||||||||||
Table B - GELT Deferred Share Bonus Plan Exercise
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||
a. | Name | 1. Stephen Wilson 2. Bill Christianson 3. Nate Zwald 4. Jerry Thompson 5. Angelle Rosata 6. Dan Hartley | |||||||||||||||
2. | Reason for the notification | ||||||||||||||||
a. | Position/status | 1. Chief Executive Officer 2. Chief Operating Officer Genus PIC 3. Chief Operating Officer Genus ABS Dairy 4. Chief Operating Officer Genus ABS Beef 5. Group Human Resources Director 6. Group General Counsel & Company Secretary | |||||||||||||||
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 nil-cost options under the DSBP. | |||||||||||||||
c. | Price(s) and volume(s) | Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||
d. | Aggregated information · Aggregated volume · Price
|
Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||
e. | Date of the transaction | 2022-09-12 | |||||||||||||||
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 shares arising from the exercise of nil-cost options under the DSBP to offset income tax and social security liabilities due on the exercise. | |||||||||||||||
c. | Price(s) and volume(s) | Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||
d. | Aggregated information · Aggregated volume · Price
| Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||
e. | Date of the transaction | 2022-09-12 | |||||||||||||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON)
| |||||||||||||||
6. | 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 nil-cost options under the DSBP. | |||||||||||||||
c. | Price(s) and volume(s) | Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||
d. | Aggregated information · Aggregated volume · Price
|
Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||
e. | Date of the transaction | 2022-09-13 | |||||||||||||||
f. | Place of the transaction | Outside a trading venue. | |||||||||||||||
7. | 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 shares arising from the exercise of nil-cost options under the DSBP to offset income tax and social security liabilities due on the exercise. | |||||||||||||||
c. | Price(s) and volume(s) | Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||
d. | Aggregated information · Aggregated volume · Price
| Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.
| |||||||||||||||
e. | Date of the transaction | 2022-09-13 | |||||||||||||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON)
| |||||||||||||||