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)
|
|
||||
|
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)
|
|
||||
|
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)
|
|
||||||
|
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)
|
|
||||
|
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)
|
|
||||||
|
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. |
||||||