24 Apr 2018 14:34
24 April 2018
Wm Morrison Supermarkets plc
(the "Company")
Notification of Dealings in the Company's shares by Directors
The Company announces the following dealings in the Company's ordinary shares of 10p each ("Shares") undertaken by directors / persons discharging managerial responsibility ("PDMRs").
On 23 April 2018, the release from an award granted under the rules of the Wm Morrison Supermarkets Long Term Incentive Plan ("LTIP") on 23 April 2015 meant that David Potts and Trevor Strain receive 660,120 and 326,176 Shares of 10 pence each in the Company respectively.
These share awards are after settlement of income tax and employee's national insurance contributions.
David Potts' total shareholding following this action is 1,663,001 Shares.
The Remuneration Committee took the decision to fully cash settle the awards made to Trevor Strain, resulting in Trevor Strain receiving this award as a cash payment and not Shares in the Company.
The share price on release was 234.3 pence per Share.
Trevor Strain's total shareholding following this action remains at 282,732 Shares. Trevor Strain has a further 714,299 Shares in his Deferred Share Bonus Plans, which are not subject to performance.
The Notification of Dealing Form can be found below.
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
Enquiries:
Andrew Kasoulis - Investor Relations 07785 343515
Julian Bailey - Media Relations 07969 061092
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
a) | Name | David Potts | |||||||
2 | Reason for the notification | ||||||||
a) | Position/status | Chief Executive Officer | |||||||
b) | Initial notification /Amendment | Initial notification | |||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||
a) | Name | Wm Morrison Supermarkets PLC | |||||||
b) | LEI | 213800IN6LSRGTZSOS29 | |||||||
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 10p Shares
ISIN: GB0006043169 | |||||||
b) | Nature of the transaction | Release from an award granted under the rules of the Wm Morrison Supermarkets Long Term Incentive Plan after settlement of income tax and employee's national insurance contributions | |||||||
c) | Price(s) and volume(s) |
| |||||||
d) | Aggregated information - Aggregated volume - Price |
| |||||||
e) | Date of the transaction | 23 April 2018 | |||||||
f) | Place of the transaction | XLON | |||||||
End