Source - LSE Regulatory
RNS Number : 5576A
Britvic plc
02 June 2021
 

Britvic plc

LEI: 635400L3NVMYD4BVCI53

2 June 2021

 

Director/PDMR Shareholding

 

Britvic plc (the "Company") was notified on 2 June 2021, that, on 1 June, Persons Discharging Managerial Responsibilities ("PDMRs") were granted options to acquire, at the price of 924 pence per share1, Shares in the Company under the 2015 Britvic Executive Share Option Plan ("ESOP").

The Company was also notified that, on 1 June 2021, PDMRs were granted conditional awards to acquire, for no consideration, Shares under the 2015 Britvic Performance Share Plan ("PSP").

Details of the number of Shares awarded to PDMRs are detailed below:

Name of Executive Director/PDMR

Position (Executive Director/PDMR)

Number of options granted under the ESOP

Number of Shares awarded under the PSP

Pedro Magalhaes

PDMR

12,170

433

 

 

Notes

1.    The Company's ordinary shares of 20 pence per share ("Shares")

The share awards made under the ESOP and PSP are a conditional right to receive up to the number of options or Shares stated and will vest to the extent that certain performance criteria are satisfied by the Company over a three-year period from 1 October 2021 to the end of the Company's financial year in 2024.

The performance condition attaching to the ESOP awards is that adjusted earnings per share ("EPS") should be 52.8p for threshold vesting at which 20% of the award shall vest, increasing on a straight line basis to 100% of the award vesting at 61.5p.

The performance condition attaching to the PSP award has two elements. Half of the shares under award shall be measured on relative Total Shareholder Return ("TSR") against the FTSE 250 (excluding investment trusts) and 20% of that part of the award shall vest at median performance, rising on a straight line to 100% of the award vesting at upper quartile performance. The other half of the shares under award shall be measured on adjusted EPS with threshold vesting at 52.8p, at which 20% of the that element of the award shall vest, increasing on a straight line basis to 100% of the award vesting at 61.5p.

The attached notifications, made in accordance with Article 19(3) of the EU Market Abuse Regulation, provide further information.

 

Clare Thomas

Company Secretary

 

 

 

1.          Details of the person discharging managerial responsibilities/person closely associated

(a)

Name

Pedro Magalhaes

Reason for the notification

(a)

Position/status

BRAZIL MANAGING DIRECTOR, 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

GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC EXECUTIVE SHARE OPTION PLAN (ESOP) AND 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP)

(c)

Price(s) and volume(s)

Price(s)

£9.240

£0

Volume(s)

12,170 (ESOP)

433 (PSP)

(d)

Aggregated information

-     Aggregated volume

-     Price

 

12,603

£0

 

(e)

Date and time of the transaction

1 June 2021

(f)

Place of the transaction

Outside a trading venue

 

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