Last checked at 15 Mar 2017 17:12
McColl's Retail Group plc (the "Company")
Grant of Long Term Incentive Plan Awards
Notification of Transactions by Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs").
The Company announces that it was notified of the grant of the LTIP Awards on 15 March 2017 to Directors and PDMRs in accordance with the rules of the McColl's Retail Group plc Long Term Incentive Plan (the "LTIP").
Director and PDMR | Number of ordinary shares of £0.001 each ("Shares") over which LTIP Awards were granted.
| Call Price per share |
Jonathan Miller | 237,634 | £0.001 |
David Thomas | 153,225 | £0.001 |
Simon Fuller | 147,311 | £0.001 |
The awards are to be satisfied by newly issued shares. The performance measurement period is from 28 November 2016 to 24 November 2019 and the awards will vest subject to the rules of the LTIP and the Remuneration Committee's determination of the extent to which the performance conditions applicable to the award have been satisfied. Full details of these performance conditions are set out in the Company's Directors' Remuneration Report for the year ending 27 November 2016. Vested LTIP awards are exercisable until the tenth anniversary of the grant date, subject to the individual's ongoing employment. In addition, the awards are subject to a further holding period of two years following vesting.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | 1. Jonathan Miller 2. Dave Thomas 3. Simon Fuller | |
2 | Reason for the notification | ||
a) | Position/status
| 1. PDMR, Chief Executive 2. PDMR, Chief Operating Officer 3. PDMR, 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
| McColl's Retail Group plc | |
b)
| LEI
| 213800R1TLR536P8YJ67 | |
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 0.1 pence each
ISIN: GB00BJ3VW957 | |
b)
| Nature of the transaction
| Awards made pursuant to the McColl's Retail Group plc Long Term Incentive Plan | |
c)
| Price(s) and volume(s)
| Call Price(s)
| Volume(s) |
1. 0.1p per Ordinary Share 2. 0.1p per Ordinary Share 3. 0.1p per Ordinary Share | 1. 237,634 2. 153,225 3. 147,311 | ||
d)
| Aggregated information
- Aggregated volume
- Price
|
1. 237,634 2. 153,225 3. 147,311 n/a | |
e)
| Date of the transaction
| 1. 15 March 2017 2. 15 March 2017 3. 15 March 2017
| |
f)
| Place of the transaction
| Outside a trading venue | |
About McColl's Retail Group
McColl's is a leading neighbourhood retailer operating 1,375 convenience stores and newsagents. We operate 1,001 McColl's branded UK convenience stores as well as 374 newsagents branded Martin's, except in Scotland where we operate under our heritage brand, RS McColl. In addition we are also the largest operator of Post Offices in the UK.
Enquiries
Please visit www.mccolls.co.uk or for further information, please contact:
McColl's Retail Group plc | |
Jonathan Miller, Chief Executive | |
Simon Fuller, Chief Financial Officer | |
Tel: +44 (0)1277 376331
|