Source - LSE Regulatory
RNS Number : 2075Z
ContourGlobal PLC
19 May 2021
 

ContourGlobal plc

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 17th May 2021, the following deferred bonus awards over ordinary shares of 1 pence in ContourGlobal plc ("Shares") were granted under the ContourGlobal plc Long Term Incentive Plan to the following persons discharging managerial responsibilities:

PDMR

No. of shares under Award

Type of Award

Joseph C. Brandt

156,091

Deferred Bonus Award

Stefan L. Schellinger

79,040

Deferred Bonus Award

The award is structured as a conditional award of shares and will ordinarily vest on 10th March 2023. Pursuant to the Company's remuneration policy requiring that any bonus in excess of 50% of maximum be deferred into shares for a period of two years, the deferred bonus awards represent a deferral of 41% of the bonus amount determined for Mr. Brandt and Mr. Schellinger respectively for the 2020 bonus year. Details of the full notifications received by the Company are set out below.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Joseph C. Brandt

2

Reason for Notification

a)

Position/status

President and Chief Executive Officer

b)

Initial notification/Amendment

Initial Announcement

3

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

a)

Name

ContourGlobal plc

b)

LEI

5493002I3A4J5TFOR115

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 1 pence each in ContourGlobal plc

GB00BF448H58

b)

Nature of the transaction

Grant of a deferred bonus award under the ContourGlobal plc Long Term Incentive Plan. The award is structured as a conditional award of shares and will ordinarily vest on 10th March 2023.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.926

156,091

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

2021-5-17

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stefan L. Schellinger

2

Reason for Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial Announcement

3

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

a)

Name

ContourGlobal plc

b)

LEI

5493002I3A4J5TFOR115

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 1 pence each in ContourGlobal plc

GB00BF448H58

b)

Nature of the transaction

Grant of a deferred bonus award under the ContourGlobal plc Long Term Incentive Plan. The award is structured as a conditional award of shares and will ordinarily vest on 10th March 2023.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1.926

79,040

d)

Aggregated information

-     Aggregated volume

-     Price

Not applicable - single transaction

e)

Date of the transaction

2021-5-17

f)

Place of the transaction

Outside a trading venue

 

 

 

Vicky Dalby
Company Secretary
19 May 2021

 

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