Fisher (James) & Sons plc Notification of Director's Interests in Shares (5302X)
20 Diciembre 2023 - 12:06PM
UK Regulatory
TIDMFSJ
RNS Number : 5302X
Fisher (James) & Sons plc
20 December 2023
20 December 2023
James Fisher and Sons plc
Notification of Director's Interests in Shares
On 19 December 2023, an award over ordinary shares of 25 pence
each in James Fisher and Sons plc (the "Company") was made under
the James Fisher and Sons 2021 Long Term Incentive Plan, to the
following person discharging managerial responsibilities
("PDMR"):
PDMR Number of shares held under
award
Karen Hayzen-Smith 62,358
----------------------------
No consideration was paid for the grant of the award which is
structured as a restricted share award. This award is being granted
to replace certain interests held by Karen in connection with her
former role and which were forfeited on her joining the
Company.
The award will normally vest on the 19 December 2026 subject to
the satisfaction of the performance conditions set by the
Remuneration Committee of the Company and which are consistent with
those attaching to the 2023 LTIP award granted to other eligible
participants in June 2023. The following three performance
conditions apply to the award:
50 per cent. of the award is subject to a performance condition
based on the Company's earnings per share ("EPS") performance over
three financial years commencing with the financial year in which
the award is granted. None of this element shall vest if the
Company's EPS for the 2025 financial year is less than 50 pence. 25
per cent. of this element shall vest if 2025 EPS is 50 pence,
rising on a straight-line sliding scale to 100 per cent. vesting of
this element if 2025 EPS is at least 62 pence.
30 per cent. of the award is subject to a performance condition
comparing the Company's total shareholder return ("TSR") against a
comparator group comprising the constituents of the FTSE 250 Index
(excluding investment trusts) at the start of the TSR performance
period. TSR shall be measured over three years commencing on 6
April 2023. None of this element shall vest if the Company's
relative TSR over this period is below the median TSR of the
comparator group. 25 per cent. of this element shall vest if the
Company's TSR is in line with the median TSR of the comparator
group, rising on a straight-line sliding scale to 100 per cent.
vesting of this element if TSR is at least upper quartile.
The remaining 20 per cent. of the award is subject to a
performance condition based on the Company's return on capital
employed ("ROCE") performance over three financial years commencing
with the financial year in which the award is granted. None of this
element shall vest if the Company's ROCE for the 2025 financial
year is less than 10%. 25 per cent. of this element shall vest if
2025 ROCE is 10%, rising on a straight-line sliding scale to 100
per cent. vesting of this element if 2025 ROCE is at least 13%.
The Remuneration Committee retains the discretion to adjust the
awards at vesting to ensure that all relevant factors are taken
into account, including the consideration of any windfall
gains.
This announcement, including the notification below, is made in
accordance with the requirements of the Market Abuse
Regulations.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Karen Hayzen-Smith
------------------------------- -------------------------------------------
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 James Fisher and Sons plc
------------------------------- -------------------------------------------
b) LEI 213800J975E5OYR6S216
------------------------------- -------------------------------------------
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 Ordinary Shares of 25 pence each in
instrument, type of James Fisher and Sons plc
instrument GB0003395000
Identification code
------------------------------- -------------------------------------------
b) Nature of the transaction Grant of a restricted share award under
the James Fisher and Sons 2021 Long
Term Incentive Plan. The award will
ordinarily vest on 19 December 2026
subject to the achievement of performance
conditions.
------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 62,358
----------
------------------------------- -------------------------------------------
d) Aggregated information Aggregated information
* Aggregated volume 62,358
Nil
* Price
------------------------------- -------------------------------------------
e) Date of the transaction 19 December 2023
------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -------------------------------------------
For further information:
James Fisher and Chief Executive
Sons plc Jean Vernet Officer 020 7614 9503
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END
DSHTMBPTMTMTBAJ
(END) Dow Jones Newswires
December 20, 2023 13:06 ET (18:06 GMT)
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