TIDMGLO

RNS Number : 3585K

ContourGlobal PLC

20 December 2022

ContourGlobal plc

("ContourGlobal" or "the Company")

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

In connection with the recommended cash acquisition by Cretaceous Bidco Limited of the entire issued and to be issued ordinary share capital of ContourGlobal, on 16 December 2022 (or 20 December 2022 in respect of Joseph C. Brandt's deferred bonus award), the performance share awards granted for the grant periods 2020 to 2023, for 2021 to 2024, and for 2022 to 2025 granted on 11 August 2020, 17 May 2021 and 11 August 2022 respectively under the Company's Long Term Incentive Plan (the 'Plan'), and the deferred bonus awards granted under the Plan, vested over such number of shares in the Company as set out in the table below. Stefan Schellinger also exercised vested performance share awards granted on 17 June 2019 on the same date.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             Joseph C. Brandt 
     -------------------------------  -------------------------------------------------- 
      Reason for Notification 
  2 
     ----------------------------------------------------------------------------------- 
 a)   Position/status                  President and Chief Executive Officer 
     -------------------------------  -------------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  -------------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------------- 
 a)   Name                             ContourGlobal plc 
     -------------------------------  -------------------------------------------------- 
 b)   LEI                              5493002I3A4J5TFOR115 
     -------------------------------  -------------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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               Ordinary Shares of 1 pence each in ContourGlobal 
       financial instrument,            plc 
       type of instrument 
      Identification code              GB00BF448H58 
     -------------------------------  -------------------------------------------------- 
 b)   Nature of the transaction        Vesting of Performance Share Awards under 
                                        the ContourGlobal plc Long Term Incentive 
                                        Plan. 
     -------------------------------  -------------------------------------------------- 
 c)   Price(s) and volume(s)                      Performance     Price(s)    Volume(s) 
                                                    Share Award 
                                                    Grant Date 
                                                   11/08/2020      Nil         431,291 
                                                                  ----------  ---------- 
                                                   17/05/2021      Nil         396,887 
                                                                  ----------  ---------- 
                                                   11/08/2022      Nil         132,995 
                                                                  ----------  ---------- 
     -------------------------------  -------------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      961,173 
                                         Nil 
 
             *    Price 
     -------------------------------  -------------------------------------------------- 
 e)   Date of the transaction          2022 12 16 
     -------------------------------  -------------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue (XOFF) 
     -------------------------------  -------------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             Joseph C. Brandt 
     -------------------------------  ---------------------------------------------------- 
      Reason for Notification 
  2 
     ------------------------------------------------------------------------------------- 
 a)   Position/status                  President and Chief Executive Officer 
     -------------------------------  ---------------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  ---------------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------------- 
 a)   Name                             ContourGlobal plc 
     -------------------------------  ---------------------------------------------------- 
 b)   LEI                              5493002I3A4J5TFOR115 
     -------------------------------  ---------------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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               Ordinary Shares of 1 pence each in ContourGlobal 
       financial instrument,            plc 
       type of instrument 
      Identification code              GB00BF448H58 
     -------------------------------  ---------------------------------------------------- 
 b)   Nature of the transaction        Vesting of a deferred bonus award under 
                                        the ContourGlobal plc Long Term Incentive 
                                        Plan. 
     -------------------------------  ---------------------------------------------------- 
 c)   Price(s) and volume(s)                      Deferred Bonus    Price(s)    Volume(s) 
                                                    Award Grant 
                                                    Date 
                                                   17/05/2021        Nil         175,126 
                                                                    ----------  ---------- 
     -------------------------------  ---------------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      175,126 
                                         Nil 
 
             *    Price 
     -------------------------------  ---------------------------------------------------- 
 e)   Date of the transaction          2022 12 20 
     -------------------------------  ---------------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue (XOFF) 
     -------------------------------  ---------------------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             Stefan Schellinger 
     -------------------------------  ---------------------------------------------------- 
      Reason for Notification 
  2 
     ------------------------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
     -------------------------------  ---------------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  ---------------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------------- 
 a)   Name                             ContourGlobal plc 
     -------------------------------  ---------------------------------------------------- 
 b)   LEI                              5493002I3A4J5TFOR115 
     -------------------------------  ---------------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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               Ordinary Shares of 1 pence each in ContourGlobal 
       financial instrument,            plc 
       type of instrument 
      Identification code              GB00BF448H58 
     -------------------------------  ---------------------------------------------------- 
 b)   Nature of the transaction        Vesting and exercise of Performance Share 
                                        Awards and Deferred Bonus Awards under 
                                        the ContourGlobal plc Long Term Incentive 
                                        Plan. 
     -------------------------------  ---------------------------------------------------- 
 c)   Price(s) and volume(s)                      Performance       Price(s)    Volume(s) 
                                                    Share Award 
                                                    Grant Date 
                                                   17/06/2019        Nil         236,534 
                                                                    ----------  ---------- 
                                                   11/08/2020        Nil         351,930 
                                                                    ----------  ---------- 
                                                   17/05/2021        Nil         349,516 
                                                                    ----------  ---------- 
                                                   11/08/2022        Nil         100,487 
                                                                    ----------  ---------- 
                                                   Deferred Bonus    Price(s)    Volume(s) 
                                                    Award Grant 
                                                    Date 
                                                                    ----------  ---------- 
                                                   11/08/2020        Nil         19,308 
                                                                    ----------  ---------- 
                                                   17/05/2021        Nil         88,678 
                                                                    ----------  ---------- 
                                                   11/08/2022        Nil         19,537 
                                                                    ----------  ---------- 
     -------------------------------  ---------------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      1,165,990 
                                         Nil 
 
             *    Price 
     -------------------------------  ---------------------------------------------------- 
 e)   Date of the transaction          2022 12 16 
     -------------------------------  ---------------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue (XOFF) 
     -------------------------------  ---------------------------------------------------- 
 

On behalf of LDC Nominees Secretary Limited

Company Secretary

20 December 2022

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END

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(END) Dow Jones Newswires

December 20, 2022 08:11 ET (13:11 GMT)

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