Last checked at 26 May 2020 16:00
26 May 2020
TRAINLINE PLC
(the "Company")
Executive Director Performance Share Plan ("PSP") Grant Notification
The Company announces that on 22 May 2020 the Executive Directors noted below were granted awards under the Trainline plc Performance Share Plan in the form of Performance Share Units ("PSUs").
The PSUs will vest subject to performance conditions based on the Company's earnings per share ("EPS") and relative total shareholder return ("TSR") over a 3 year period ending 28 February 2023. Vesting of up to 200% of salary is based on EPS and TSR relative to the FTSE 250 (excluding investment trusts) weighted 50/50, and up to an additional 50% of salary as a kicker based on exceptional EPS and relative TSR performance. A two-year holding period will apply on vesting, during which vested shares may not be sold save to cover tax liabilities.
The Company's Remuneration Committee will ensure that any vesting of the PSP cycle is consistent with the stakeholder experience over the performance period, taking into account perspectives of shareholders, employees and customers, as well as any other factors the Remuneration Committee deem appropriate.
PDMR | Number of Shares under PSUs |
Clare Gilmartin, Chief Executive Officer | 380,185 |
Shaun McCabe, Chief Financial Officer | 264,476 |
The Notification of Dealing Forms for the above grants may be found below. This notification is provided in accordance with the requirements of the EU Market Abuse Regulation.
Enquiries
For investor enquiries, Andrew Gillian investors@trainline.com
For media enquiries, Victoria Biggs press@trainline.com / +44 7850 205490
Enquiries
Simone Selzer trainline@brunswickgroup.com / +44 207 404 5959
Notification of dealing form | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Clare Gilmartin | |
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 | Trainline plc | |
b) | LEI | 213800HO26VXTFJ4MO71 | |
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 |
Ordinary shares of £0.01 each
| |
Identification code | GB00BKDTK925 | ||
b) | Nature of the transaction | Grant of performance share units over ordinary shares of Trainline plc | |
c) | Price(s) and volume(s) | Price | Volume |
Nil | 380,185 | ||
d) | Aggregated information- Aggregated volume- Price | Price | Aggregated Volume |
Nil | 380,185 | ||
e) | Date of the transaction | 22 May 2020 | |
f) | Place of the transaction | Outside a trading venue | |
Notification of dealing form | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Shaun McCabe | |
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 | Trainline plc | |
b) | LEI | 213800HO26VXTFJ4MO71 | |
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 |
Ordinary shares of £0.01 each
| |
Identification code | GB00BKDTK925 | ||
b) | Nature of the transaction | Grant of performance share units over ordinary shares of Trainline plc | |
c) | Price(s) and volume(s) | Price | Volume |
Nil | 264,476 | ||
d) | Aggregated information- Aggregated volume- Price | Price | Aggregated Volume |
Nil | 264,476 | ||
e) | Date of the transaction | 22 May 2020 | |
f) | Place of the transaction | Outside a trading venue | |