5 Sep 2016 14:00
Merlin Entertainments plc
5 September 2016
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
Merlin Entertainments plc was advised that on 1 September 2016 the following named person(s) were granted the following nil cost Conditional Share Awards ("Awards") over Ordinary Shares of 1 pence each in the Company under the Company's Performance Share Plan ("PSP").
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
PDMR | Position | Number of Shares Awarded |
Anne-Francoise Nesmes | Chief Financial Officer | 180,431 |
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 September 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 Notification of Dealing Form for each PDMR can be found below.
1. | Details of PDMR / person closely associated with them ('PCA') | |||||||
a) | Name | Anne-Francoise Nesmes | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | 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 | Merlin Entertainments plc | ||||||
b) | LEI | n/a | ||||||
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
|
Share Awards over Ordinary Shares of 1 pence each
GB00BDZT6P94
| ||||||
b) | Nature of the transaction | Grant of Awards under the PSP | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) |
Aggregated information
− Aggregated volume
− Price
|
| ||||||
e) | Date of the transaction | 1 September 2016 | ||||||
f) | Place of transaction | London | ||||||
For further information please contact:
Matthew Jowett
General Counsel and Company Secretary
Merlin Entertainments plc
00 44 1202 634955
5 September 2016