4 Dec 2019 15:48
Britvic plc
LEI: 635400L3NVMYD4BVCI53
4th December 2019
Director/PDMR Shareholding
Britvic plc (the "Company") announces partial vesting on 2nd December 2019 of awards over the Company's ordinary shares of 20 pence per share ("Shares") made on 2nd December 2016 under the Company's Performance Share Plan ("PSP") and Executive Share Option Plan ("ESOP") to Executive Directors and Persons Discharging Managerial Responsibility ("PDMRs").
The performance criteria attached to the PSP award was EPS and TSR. Taking into account the performance against the criteria, 82.0% of the PSP vested on 2nd December 2019. Details of the number of Shares under the PSP that vested in respect of Executive Directors and PDMRs are as follows:
Name of Executive Director/PDMR | Position (Executive Director/PDMR) | Number of Shares vested | Number of Shares sold1 |
Steve Potts | PDMR | 21,314 | 10,053 |
This notification is made in accordance with DTR 3.1.4R(1)(a) of the FCA's Disclosure Guidance and Transparency Rules.
The attached notifications, made in accordance with Article 19(3) of the EU Market Abuse Regulation, provide further information.
Jonathan Adelman
Company Secretary
Notes
1 The participant sold the number of shares stated to cover liabilities for income tax and national insurance contributions arising on vesting in addition to dealing costs. The sale was made on 2nd December 2019 at price of 967.857 pence per Share.
1. Details of the person discharging managerial responsibilities/person closely associated | |||
(a) | Name | Steve Potts | |
Reason for the notification | |||
(a) | Position/status | Chief Information, Transformation and Digital Officer, PDMR | |
(b) | Initial notification/Amendment | Initial notification | |
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
(a) | Name | Britvic plc | |
(b) | LEI | 635400L3NVMYD4BVCI53 | |
3. 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 shares of 20 pence each
ISIN: GB00B0N8QD54 | |
(b) | Nature of the transaction | Sale of Shares to cover tax liabilities and dealing costs | |
(c) | Price(s) and volume(s) | Price(s) £9.67857
| Volume(s) 10,053 |
(d) | Aggregated information - Aggregated volume - Price
| n/a
|
|
(e) | Date and time of the transaction | 2nd December 2019 | |
(f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
1. Details of the person discharging managerial responsibilities/person closely associated | |||
(a) | Name | Steve Potts | |
Reason for the notification | |||
(a) | Position/status | Chief Information, Transformation and Digital Officer, PDMR | |
(b) | Initial notification/Amendment | Initial notification | |
2. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
(a) | Name | Britvic plc | |
(b) | LEI | 635400L3NVMYD4BVCI53 | |
3. 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 shares of 20 pence each
ISIN: GB00B0N8QD54 | |
(b) | Nature of the transaction | Vesting of shares under the Britvic 2016 Performance Share Plan | |
(c) | Price(s) and volume(s) | Price(s) £0
| Volume(s) 21,314 |
(d) | Aggregated information - Aggregated volume - Price
| n/a
|
|
(e) | Date and time of the transaction | 2nd December 2019 | |
(f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |
Britvic (BVIC)