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17 Feb 2026 14:29
IMPERIAL BRANDS PLC
Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Imperial Brands PLC (the "Company") Long Term Incentive Plan
Grant of 2026 LTIP awards
On 16 February 2026, the Company granted awards in respect of FY26 under the Imperial Brands Long Term Incentive Plan (the "LTIP") to PDMRs, details of which are provided below.
Further to its 2025 Annual Report and Accounts, the Company confirms that the performance measures and targets (which should not be construed as guidance) in respect of the Imperial Brands LTIP grant made on 16 February 2026 are:
Weight | Cut-in | Target | Max | |
Adjusted EPS growth at constant currency¹ | 40% | 2.0% | 4.2% | 5.8% |
Return on invested capital | 15% | 18.7% | 21.4% | 22.2% |
Cumulative free cash flow | 15% | £5.7bn | £6.6bn | £7.3bn |
Relative TSR | 20% | Median | N/A | Upper quart. |
ESG - Climate / Carbon reduction | 5% | 76.2% | 78.3% | 79.1% |
ESG - Climate / Energy reduction | 5% | 5.5% | 10.7% | 11.6% |
1. EPS targets shown above exclude the benefit of the Company's share buyback programme. This methodology aligns with the Investment Association guidance.
Details of individual awards are as follows:
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| LUKAS PARAVICINI | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| EXECUTIVE DIRECTOR - CHIEF EXECUTIVE OFFICER | ||||
b)
| Initial notification /Amendment |
INITIAL NOTIFICATION | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| IMPERIAL BRANDS PLC | ||||
b)
| LEI
| 549300DFVPOB67JL3A42 | ||||
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
GB0004544929 | ||||
b)
| Nature of the transaction
| AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A | ||||
e)
| Date of the transaction
| 16 FEBRUARY 2026 | ||||
f)
| Place of the transaction
| OUTSIDE A TRADING VENUE | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| MURRAY MCGOWAN | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| EXECUTIVE DIRECTOR - CHIEF FINANCIAL OFFICER | ||||
b)
| Initial notification /Amendment | INITIAL NOTIFICATION | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| IMPERIAL BRANDS PLC | ||||
b)
| LEI
| 549300DFVPOB67JL3A42 | ||||
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
GB0004544929 | ||||
b)
| Nature of the transaction
| AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A
| ||||
e)
| Date of the transaction
| 16 FEBRUARY 2026 | ||||
f)
| Place of the transaction
| OUTSIDE A TRADING VENUE | ||||
Chris Winters
Deputy Company Secretary
Copies of our announcements are available on our website: https://www.imperialbrandsplc.com/investor-hub/stock-exchange-announcements
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