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11 Feb 2020 10:22
11 February 2020
McCarthy & Stone plc (the "Company")
Notification of Transactions by
Persons Discharging Managerial Responsibilities
Pursuant to the notification obligations under article 19.3 of the Market Abuse Regulation, the Company announces the following changes in the interests of directors and persons discharging managerial responsibilities ("PDMRs") in the ordinary shares of 8 pence nominal value in the Company ("Shares").
McCarthy & Stone plc Annual and Deferred Bonus Plan
On 10 February 2020, the following deferred bonus share awards, structured as nil-cost options have been granted in accordance with the rules of the Company's Annual and Deferred Bonus Plan (the "ABP"). These awards relate to the bonus paid to the Chief Operating Officer - Build and Chief Operating Officer - Customers and Services in respect of the financial year ended 31 October 2019. These nil-cost options are subject to the rules of the ADP.
The number of shares over which each nil-cost option was awarded was calculated by reference to the average closing market price of the Company's shares measured over the last 30 days of the FY19 financial year.
The normal date of vesting for these nil-cost options will be 10 February 2023 and the last date for exercise will be 10 February 2030, with dividend equivalents payable in respect of the vesting of nil-cost options in accordance with the rules of the ABP.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Nigel Turner | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer - Build | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | McCarthy & Stone plc | ||||
b) | LEI | 213800CEJ4OQ5YPU8Z37 | ||||
4 | Details of the transaction | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 8 pence nominal value each
GB00BYNVD082 | ||||
b) | Nature of the transaction | Grant of nil-cost option over Ordinary Shares under the McCarthy & Stone plc Annual and Deferred Bonus Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
125,734 £0.00 | ||||
e) | Date of the transaction | 2020-02-10 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Mike Lloyd | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer - Customers & Services | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer | |||||
a) | Name | McCarthy & Stone plc | ||||
b) | LEI | 213800CEJ4OQ5YPU8Z37 | ||||
4 | Details of the transaction | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 8 pence nominal value each
GB00BYNVD082 | ||||
b) | Nature of the transaction | Grant of nil-cost option over Ordinary Shares under the McCarthy & Stone plc Annual and Deferred Bonus Plan | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
|
133,592 £0.00 | ||||
e) | Date of the transaction | 2020-02-10 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
For further information, please contact:
Scott Brooker
Deputy Group Company Secretary
Telephone: 07976 670155
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