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Director/PDMR Shareholding

28 Mar 2017 07:00

RNS Number : 6686A
Low & Bonar PLC
28 March 2017
 

LOW & BONAR PLC (the "Company")

 

 

Grant of Options

 

The Company announces that on 24 March 2017 Computershare Trustees (Jersey) Limited, the trustee of the Low & Bonar PLC 1995 Employees Share Ownership Plan Trust (the Trustee) granted nil cost options (each an 'Option') or a conditional award (an `Award`) under the terms of the 2013 Low & Bonar Long Term Incentive Plan (the 'Plan') to directors and persons discharging managerial responsibilities ('PDMR') of the Company;

 

Number of shares under the Option(1)/Award(2)

Total number of shares held under options and other awards following grant

Brett Simpson (1)

Group Chief Executive Officer

749,506

2,277,191

Jan van Boldrik (1)

Global Business Director,

Sports & Leisure

98,895

182,518

Clark Halladay (2)

Global Business Director,

Building & Industrial

185,107

392,777

Gareth Kaminski-Cook (1)

Global Business Director,

Interior & Transportation

209,051

626,349

Marc Krauth (1)

Global Business Director,

Coated Technical Textiles

174,423

399,970

Neal Ryan (1)

Global Business Director

Civil Engineering

194,466

551,436

 

No consideration was paid for the grant of any Option or Award.

 

Each Option and each award is subject to challenging financial (eg. Adjusted EPS) and total shareholder return performance targets tested over three years. 20% of awards will vest for threshold performance, with full vesting taking place for equaling, or exceeding, the maximum performance targets. Vesting of each Option and each Award will normally take place on the third anniversary of grant subject to the continued employment of the participant and the satisfaction of performance conditions set by the Remuneration Committee of the Company.

 

 

To the extent that the Options vest, the participant may call for shares during a period of five years from the date of vesting (or such longer period as the Remuneration Committee of the Company may allow). On or as soon as reasonably practicable after the Vesting of an Award, the Company shall transfer or procure the transfer of the vested shares to the participant.

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Brett Simpson

2.

Reason for the notification

a.

Position/status

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

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.

Nature of the transaction

Grant of Options

c.

Price(s) and volume(s)

Price(s)

Volume(s)

0

749506

d.

Aggregated information

· Aggregated volume

· Price

749506

 

Nil

e.

Date of the transaction

2017/03/24

f.

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Clark Halladay

2.

Reason for the notification

a.

Position/status

PDMR

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.

Nature of the transaction

Grant of Options

c.

Price(s) and volume(s)

Price(s)

Volume(s)

0

185107

d.

Aggregated information

· Aggregated volume

· Price

185107

 

Nil

e.

Date of the transaction

2017/03/24

f.

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Gareth Kaminski - Cook

2.

Reason for the notification

a.

Position/status

PDMR

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.

Nature of the transaction

Grant of Options

c.

Price(s) and volume(s)

Price(s)

Volume(s)

0

209051

d.

Aggregated information

· Aggregated volume

· Price

209051

 

Nil

e.

Date of the transaction

2017/03/24

f.

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Marc Krauth

2.

Reason for the notification

a.

Position/status

PDMR

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.

Nature of the transaction

Grant of Options

c.

Price(s) and volume(s)

Price(s)

Volume(s)

0

174423

d.

Aggregated information

· Aggregated volume

· Price

 

174423

Nil

e.

Date of the transaction

2017/03/24

f.

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Neil Ryan

2.

Reason for the notification

a.

Position/status

PDMR

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.

Nature of the transaction

Grant of Options

c.

Price(s) and volume(s)

Price(s)

Volume(s)

0

194466

d.

Aggregated information

· Aggregated volume

· Price

194466

 

Nil

e.

Date of the transaction

2017/03/24

f.

Place of the transaction

Outside a trading venue

1.

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Jan van Boldrik

2.

Reason for the notification

a.

Position/status

PDMR

b.

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Low & Bonar PLC

b.

LEI

213800CALFKOEL7N7P1O

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

Long Term Incentive Plan; Grant of Options over 5 pence ordinary shares

GB0005363014

b.

Nature of the transaction

Grant of Options

c.

Price(s) and volume(s)

Price(s)

Volume(s)

0

98895

d.

Aggregated information

· Aggregated volume

· Price

98895

 

Nil

e.

Date of the transaction

2017/03/24

f.

Place of the transaction

Outside a trading venue

 

28 March 2017

 

For further information, please contact:

 

Low & Bonar PLC

 

Jeremy Rhodes, Interim Company Secretary 020 7535 3185

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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