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14 Dec 2022 09:00
14 December 2022
Notification of interests of directors and persons discharging managerial responsibilities
Marston's PLC (the "Company") announces that on 13 December 2022 the Directors listed below were granted awards over ordinary shares in the Company under the Company's 2014 Long Term Incentive Plan. The number of awards granted on 13 December 2022 was calculated using the market price at the close of trading on the London Stock Exchange on 12 December 2022, being £0.3810 per ordinary share.
The awards will vest subject to the satisfaction of performance metrics which are based on Underlying Profit Before Tax (as regards 30% of the award), Net Cash Flow (as regards 30% of the award), Return on Capital Employed (as regards 20% of the award) and Relative Total Shareholder Return (as regards 20% of the award) assessed over the Company's 2022/23, 2023/24 and 2024/25 financial periods, details of which will be set out in the Company's Annual Report and Accounts for the period ended 1 October 2022. To the extent an award vests, it will be released (so that the participant is entitled to acquire the shares) following the end of a further two-year holding period.
Name of individual | Designation | Number of shares subject to LTIP award |
Andrew Andrea | Director | 2,036,176 |
Hayleigh Lupino | Director | 1,085,960 |
The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
Enquiries:
Bethan Raybould, General Counsel & Company Secretary, Marston's PLC, +44 (0) 1902 711811
Notification of Dealing Form
1. | Details of the Person Discharging Managerial Responsibility ("PDMR")/person closely associated with them ("PCA") | |||||
a) | Name | Andrew Andrea
| ||||
2. | Reason for the notification | |||||
a) | Position/status | Director and PDMR (Chief Executive Officer)
| ||||
b) | Initial notification/ amendment | Initial Notification | ||||
3. | Details of the Issuer | |||||
a) | Name | Marston's PLC | ||||
b) | LEI code | 213800Q6RP3ZJ2CZR962 | ||||
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
Identification code | Ordinary Shares of 7.375 pence each
ISIN: GB00B1JQDM80 | ||||
b) | Nature of the transaction | Grant of award under the Long Term Incentive Plan in the form of nil-cost options. | ||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information - Aggregate volume
- Price |
N/A
| ||||
e) | Date of the transaction | 2022-12-13 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the Person Discharging Managerial Responsibility ("PDMR")/person closely associated with them ("PCA") | |||||
a) | Name | Hayleigh Lupino
| ||||
2. | Reason for the notification | |||||
a) | Position/status | Director and PDMR (Chief Financial Officer)
| ||||
b) | Initial notification/ amendment | Initial Notification | ||||
3. | Details of the Issuer | |||||
a) | Name | Marston's PLC | ||||
b) | LEI code | 213800Q6RP3ZJ2CZR962 | ||||
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
Identification code | Ordinary Shares of 7.375 pence each
ISIN: GB00B1JQDM80 | ||||
b) | Nature of the transaction | Grant of award under the Long Term Incentive Plan in the form of nil-cost options. | ||||
c) | Price(s) and volumes(s) |
| ||||
d) | Aggregated information - Aggregate volume
- Price |
N/A
| ||||
e) | Date of the transaction | 2022-12-13 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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