Source - RNS
RNS Number : 9706I
Merlin Entertainments plc
05 September 2016
 

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

<7% p.a.

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

<9%

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)

Price (s)

Volume(s)

GBP NIL

180,431

d)

 

Aggregated information

 

− Aggregated volume

 

− Price

 

Aggregate Price

Aggregate Volume

Aggregate Total

 

GBP NIL

180,431

GBP NIL

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


This information is provided by RNS
The company news service from the London Stock Exchange
 
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