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5 Jul 2017 16:18
Notification of interests of Directors and Persons Discharging Managerial Responsibilities
5 July 2017
The Company announces that on 4 July 2017 the Director listed below exercised an award over ordinary shares in the Company under the Company's 2014 Long Term Incentive Plan, which had been granted on 25 June 2014.
Director | Aggregate number of shares in respect of which LTIP Award exercised*
|
Ralph Findlay | 92,797 |
\* The award granted on 25 June 2014 consisted of an LTIP Award and a "Linked Award", and a separate Approved Option over 20,876 shares at an exercise price of 143.7 pence per share. The Approved Option was released by the Director as part of the exercise process so that, in accordance with the rules of the LTIP the LTIP Award and Linked Award are capable of exercise to the extent vested.
The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
Enquiries: Anne-Marie Brennan, Group Secretary, Marston's PLC, +44 (0)1902 329163
1. | Details of PDMR / PCA (person closely associated)
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(a) | Name | Ralph Findlay
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(b) | Position/status | Director and PDMR (CEO)
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(c) | Initial notification/ amendment | Initial notification
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2. | Details of the issuer
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(a) | Name | Marston's PLC
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3. | 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
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(a) | Description of the financial instrument | Ordinary shares of 7.375p each
ISIN GB00B1JQDM80
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(b) | Nature of the transaction | Exercise of award under the Long Term Incentive Plan and sale of shares to fund associated tax liability
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(c) | Price(s) and volume(s) |
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(d) | Aggregated information
Aggregated volume price | n/a single transaction
n/a single transaction
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(e) | Date of the transaction
| 2017-07-04 | ||||
(f) | Place of the transaction
| London Stock Exchange, Main Market (XLON)
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