6 Apr 2016 12:30
Notification of Transactions of PDMRs
Merlin Entertainments plc
(the "Company")
Grant of Conditional Share Awards to PDMRs under the Company's
Performance Share Plan ("PSP")
In accordance with the requirements of DTR 3.1.4, the Company announces that each of the following persons, each being a Person Discharging Managerial Responsibility (a "PDMR"), has on 1 April 2016 been granted nil cost Conditional Share Awards ("Awards") in respect of Ordinary Shares of £0.01 each in the capital of the Company ("Shares") pursuant to the Company's Performance Share Plan.
The Awards in favour of each of the PDMRs set out below are all made under the PSP:
Name of PDMR | Number of Conditional Share Awards |
Mark Allsop | 64,724 |
Natalie Bickford | 76,051 |
Mark Fisher | 84,174 |
John Jakobsen | 84,174 |
Matthew Jowett | 76,051 |
Nick Mackenzie | 84,174 |
Hans Aksel Pedersen | 64,724 |
Justin Platt | 64,724 |
Nick Varney | 313,592 |
The Awards are subject to the performance conditions set out below.
EPS performance condition (50% of award) | |||
| EPS growth | % of award vesting |
Vesting will be calculated on a straight-line basis between threshold and maximum performance.
EPS growth will be calculated by comparing EPS for the financial year ending December 2018 with EPS for the financial year ending December 2015 |
Below threshold | 0% | ||
Threshold | 7% p.a. | 10% | |
Maximum | 14% p.a. | 50% | |
ROCE performance condition (50% of award) | |||
| Average ROCE | % of award vesting |
Vesting will be calculated on a straight-line basis between threshold and maximum performance.
Average ROCE will be calculated as an average of ROCE for the three financial years ending December 2016, 2017 and 2018 |
Below threshold | 0% | ||
Threshold | 9% | 12.5% | |
Maximum | 13% | 50% | |
The Awards are, in normal circumstances, conditional until 1 April 2019 when, subject to the terms of the PSP and satisfaction of the performance conditions, the Awards will unconditionally vest. No payment is due from the PDMR to the Company on vesting.
The Company was notified of the Awards on 5 April 2016.
Following the Awards, the numbers of Shares, Conditional Allocations of Shares and Options over Shares in respect of which the above PDMRs are interested as at close of business on 1 April 2016 are:
Name of PDMR | Shares | 2013 Performance Share Plan Awards
(Conditional Allocations of Shares) | 2014 Sharesave Awards
(Options) | 2014 Performance Share Plan Awards
(Conditional Allocations of Shares) | 2015 Sharesave Awards
(Options) | 2015 Deferred Bonus Plan Awards
(Conditional Allocations of Shares) | 2015 Performance Share Plan Awards
(Conditional Allocations of Shares) | 2015 Performance Share Plan Awards
(Conditional Allocations of Shares) | 2016 Sharesave Awards
(Options) | 2016 Deferred Bonus Plan Awards
(Conditional Allocations of Shares) | 2016 Performance Share Plan Awards
(Conditional Allocations of Shares) |
Mark Allsop | 57,846 | 88,095 | 3,036 | NIL | 2,780 | 11,291 | 59,389 | 56,280 | NIL | NIL | 64,724 |
Natalie Bickford | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL | 76,051 |
Mark Fisher | 2,245,198 | 146,825 | 3,036 | NIL | 2,780 | 18,255 | 86,538 | NIL | NIL | NIL | 84,174 |
John Jakobsen | 1,156,823 | 146,825 | 3,036 | NIL | 2,780 | 18,443 | 86,538 | NIL | NIL | NIL | 84,174 |
Matthew Jowett | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL | 76,051 |
Nick Mackenzie | 1,891,544 | 146,825 | 3,036 | NIL | 2,780 | 18,067 | 86,538 | NIL | NIL | NIL | 84,174 |
Hans-Aksel Pedersen | 281,950 | 47,619 | 3,036 | 5,700 | NIL | 6,848 | 47,830 | 33,768 | 1,699 | 5,334 | 64,724 |
Justin Platt | 60,938 | 47,619 | NIL | NIL | 278 | 5,862 | 44,673 | 33,768 | 5,428 | NIL | 64,724 |
Nick Varney | 6,477,823 | 560,952 | 3,036 | NIL | 2,780 | 64,364 | 328,846 | NIL | NIL | NIL | 313,592 |
For further information please contact:
Matthew Jowett
General Counsel and Company Secretary
Merlin Entertainments plc
00 44 1202 634955
6 April 2016