Source - RNS
RNS Number : 7448A
McBride PLC
13 September 2018
 

RNS Announcement

 

 

Notification and public disclosure of settlement of LTIP and DBP Awards to Directors

 

13 September 2018

 

 

McBride plc confirms that share related awards have vested under the terms of both the McBride plc 2014 Long Term Incentive Plan (the LTIP) and the McBride plc 2012 Deferred Annual Bonus Plan (the DBP) to Directors as set out below. 

 

Long Term Incentive Plan

 

The awards were vested at the end of a three-year period in accordance with the achievement of performance targets set out in the LTIP, and will not require any payment from the individuals.  The awards were settled partly in shares and partly in cash (in lieu of shares). The cash settled element was at no greater than equal to such number of reference shares, as would have otherwise been sold to cover taxes.

 

 Name

Status

No. of reference shares subject to vesting

 

No. of reference shares cash settled at £1.28 per share

No. of reference shares share settled

Rik De Vos

Chief Executive Officer

 

Director

219,790

103,301

116,489

Chris Smith

Chief Finance Officer

 

Director

137,368

25,500

111,868

 

Deferred Annual Bonus Plan

 

The awards were vested at the end of a three-year period and reflect the proportion of the 2015 annual bonus deferred as agreed by the Remuneration Committee at that time.  The awards were settled in shares and then sales of sufficient of such shares arranged on the same day to cover taxes and sales fees.

 

Name

Status

No. of shares subject to vesting

 

No. of shares sold to cover taxes and fees at £1.3520

No. of shares retained net of taxes and fees

Rik De Vos

Chief Executive Officer

 

Director

39,062

18,397

20,665

Chris Smith

Chief Finance Officer

 

Director

 

28,170

 

13,267

 

14,903

 

Following the awards, total holding and interests of the Directors in ordinary shares in McBride plc are:

 

Name

Total holdings of ordinary shares

Percentage of current issued share capital (excluding treasury shares)

Total interest in ordinary shares

Rik De Vos

314,041

0.172%

1,032,023

Chris Smith

249,543

0.137%

599,235

 

This announcement and the following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation.

 

 

1.

Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")

a)

Name

 

Rik De Vos

2.

Reason for the notification

b)

Position/Status

Chief Executive Officer

 

 

c)

Initial notification/amendment

 

Initial Notification

 

 

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

McBride plc

b)

LEI

213800HX7FMPA2CIEF02

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 shares of 10p each

 

 

GB0005746358

 

 

 

b)

Nature of the transaction

 

Vesting of an award under the Company's Long Term Incentive Plan in respect of 219,790 reference shares. The award was settled partly in shares and partly in cash (in lieu of shares).

 

 

c)

Price(s) and volume(s)

 

 

 

 

 

Price(s)

Volume(s)

Nil

 

 

 

Nil

116,489 - Number of reference shares acquired

 

103,301 - Number of reference shares cash settled at £1.28.

 

d)

Aggregated information

Aggregated volume

Price

 

As above

e)

Date of the transaction

 

10 September 2018

 

f)

Place of transaction

 

Outside of a trading venue

 

 

1.

Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")

a)

Name

 

Rik De Vos

2.

Reason for the notification

b)

Position/Status

Chief Executive Officer

 

 

c)

Initial notification/amendment

 

Initial Notification

 

 

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

McBride plc

b)

LEI

213800HX7FMPA2CIEF02

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 shares of 10p each

 

 

GB0005746358

 

 

 

b)

Nature of the transaction

 

Vesting of an award under the Company's Deferred Annual Bonus Plan as a conditional award of shares and immediate disposal of a number of such shares.

 

 

c)

Price(s) and volume(s)

 

 

 

 

 

Price(s)

Volume(s)

Nil

 

 

Sold at £1.3520 per share

39,062 - Number of shares acquired

 

18,397 - Number of shares sold.

 

d)

Aggregated information

Aggregated volume

Price

 

As above

e)

Date of the transaction

 

11 September 2018

 

f)

Place of transaction

 

In respect of the settlement outside of a trading venue. In respect of the sales on the London Stock Exchange.

 

 

1.

Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")

a)

Name

 

Chris Smith

2.

Reason for the notification

b)

Position/Status

Chief Finance Officer

 

 

c)

Initial notification/amendment

 

Initial Notification

 

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

McBride plc

b)

LEI

213800HX7FMPA2CIEF02

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 shares of 10p each

 

 

GB0005746358

 

 

 

b)

Nature of the transaction

 

Vesting of an award under the Company's Long Term Incentive Plan in respect of 137,368 reference shares. The award was settled partly in shares and partly in cash (in lieu of shares).

 

 

c)

Price(s) and volume(s)

 

 

 

 

 

Price(s)

Volume(s)

Nil

 

 

 

Nil

111,868* - Number of reference shares acquired

 

25,500 - Number of reference shares cash settled at £1.28.

 

*12,000 shares immediately allocated to PCA as notified below.

d)

Aggregated information

Aggregated volume

Price

 

As above

e)

Date of the transaction

 

10 September 2018

 

f)

Place of transaction

 

Outside of a trading venue

 

1.

Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")

a)

Name

 

Harriet Smith

2.

Reason for the notification

b)

Position/Status

PCA of Chris Smith, Chief Finance Officer

 

 

c)

Initial notification/amendment

 

Initial Notification

 

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

McBride plc

b)

LEI

213800HX7FMPA2CIEF02

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 shares of 10p each

 

 

GB0005746358

 

 

 

b)

Nature of the transaction

 

Acquisition of shares for nil consideration

 

 

c)

Price(s) and volume(s)

 

 

 

 

 

Price(s)

Volume(s)

Nil

 

12,000 - Number of shares acquired

 

d)

Aggregated information

Aggregated volume

Price

 

As above

e)

Date of the transaction

 

10 September 2018

 

f)

Place of transaction

 

Outside of a trading venue

 

 

 

1.

Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")

a)

Name

 

Chris Smith

2.

Reason for the notification

b)

Position/Status

Chief Finance Officer

 

 

c)

Initial notification/amendment

 

Initial Notification

 

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

McBride plc

b)

LEI

213800HX7FMPA2CIEF02

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 shares of 10p each

 

 

GB0005746358

 

 

 

b)

Nature of the transaction

 

Vesting of an award under the Company's Deferred Annual Bonus Plan as a conditional award of shares and immediate disposal of a number of such shares.  

 

 

c)

Price(s) and volume(s)

 

 

 

 

 

Price(s)

Volume(s)

Nil

 

 

Sold at £1.3520 per share

28,170 - Number of shares acquired

 

13,267 - Number of shares sold

 


d)

Aggregated information

Aggregated volume

Price

 

As above

e)

Date of the transaction

 

11 September 2018

 

f)

Place of transaction

 

In respect of the settlement outside of a trading venue. In respect of the sales on the London Stock Exchange.

 

 

 

 


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