TIDMPMP
RNS Number : 4061J
Portmeirion Group PLC
26 April 2022
26 April 2022
Portmeirion Group PLC
(the "Company")
Grant of Options
The Portmeirion 2012 Approved Share Option Plan and The
Portmeirion 2012 Unapproved Share Option Plan (the "Option Plans")
and The Portmeirion Group 2018 Deferred Incentive Share Option Plan
(the "Deferred Plan")
As part of its long-term employee remuneration and retention
incentives, the Company announces that, on 25 April 2022, the
following transactions occurred for the persons discharging
managerial responsibilities ("PDMRs") as shown below:
Option Plans number Deferred Plan number
of options granted of options granted
at an exercise price at an exercise price
of 570 pence per Ordinary of GBP1.00 (B)
Share (A)
Company directors/officers:
Michael Raybould Chief Executive 40,000 10,813
Jacqui Gale Chief Commercial Officer 25,000 5,706
Michael Knapper Group Operations Director 25,000 5,506
President of North
William Robedee America 25,000 7,051
David Sproston Group Finance Director 25,000 4,279
Moira MacDonald Group Company Secretary 11,000 -
-------------------------- ---------------------
Total: 151,000 33,355
Note:
(A) Grant of options under Option Plans.
(B) Grant of new options under Deferred Plan against 2021
performance and incentive arrangements (further detail below).
The Company granted 151,000 options over Ordinary Shares to the
PDMRs shown above and a further 144,500 options over Ordinary
Shares to other senior managers pursuant to the Option Plans. T he
options are subject to the achievement of performance targets as
determined by the Remuneration Committee, and as required under the
Option Plans. The options granted on 25 April 2022 are normally
only exercisable if t he increase in the average of the Group's
basic adjusted (for changes in accounting standards and exceptional
items) earnings per share for each of the three years ending 31
December 2022, 31 December 2023 and 31 December 2024 is at least
20% higher than that for the year ended 31st December 2021. The
calculation of basic adjusted earnings per share shall take account
of the number of shares and effective tax rates at the date of
grant.
In addition, the Company granted 33,355 options to Executive
Directors shown above over Ordinary Shares pursuant to the Deferred
Plan. In accordance with the rules of the Deferred Plan, the number
of options granted is based on the gross incentive payment earned
by the relevant Director in respect of the year ended 31 December
2021.
PDMR Shareholdings
The total number of Ordinary Shares over which each PDMR holds
options and the total number of Ordinary Shares with voting rights
held following this Admission is:
Total number Total number Ordinary Shares
of options of Ordinary percentage
over Ordinary Shares with of Company's
Shares voting rights Ordinary Shares
with voting
rights
Michael Raybould 145,171 5,548 0.04%
Jacqui Gale 70,706 - -
Michael Knapper 84,121 5,576 0.04%
William Robedee 77,051 - -
David Sproston 88,279 1,315 0.01%
Moira MacDonald 31,000 2,693 0.02%
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014 (MAR).
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
_____________________________________________
Notification and public disclosure of transactions by persons
discharging managerial responsibilities / person closely associated
with them.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Company directors/officers:
Michael Raybould Chief Executive
--------------------------
Jacqui Gale Chief Commercial Officer
--------------------------
Michael Knapper Group Operations Director
--------------------------
President of North
William Robedee America
--------------------------
David Sproston Group Finance Director
--------------------------
Moira MacDonald Group Company Secretary
--------------------------
------------------------------- -------------------------------------------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------------------------------------
a) Position/status See 1(a) above for all positions
- all classified as PDMRs of the
Company
------------------------------- -------------------------------------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- -------------------------------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------------------------
a) Name Portmeirion Group PLC
------------------------------- -------------------------------------------------------------------------
b) LEI 2138003QC9J6TLZJHO70
------------------------------- -------------------------------------------------------------------------
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 5 pence each
instrument
------------------------------- -------------------------------------------------------------------------
b) Identification code GB0006957293
------------------------------- -------------------------------------------------------------------------
c) Nature of the transactions (A) Performance related, Grant of
options under Option Plans. Exercise
period 26 April 2025 - 24 April
2032.
(B) Grant of new options under The
Portmeirion Group 2018 Deferred
Incentive Share Option Plan (the
"Deferred Plan").
------------------------------- -------------------------------------------------------------------------
d) Price(s) and volume(s) In respect of (A) Grant of options
under Option Plans
Price at grant: Nil
Exercise Price: GBP5.70 pence per
Ordinary Share
Volume(s)
Options over Ordinary
Shares
Michael Raybould 40,000
----------------------
Jacqui Gale 25,000
----------------------
Michael Knapper 25,000
----------------------
William Robedee 25,000
----------------------
David Sproston 25,000
----------------------
Moira MacDonald 11,000
----------------------
In respect of (B) Grant of options
under Deferred Plan
Price at grant: Nil
Exercise Price (per PDMR in respect
of all options granted): GBP1 Options over Ordinary
Shares
Michael Raybould 10,813
----------------------
Jacqui Gale 5,706
----------------------
Michael Knapper 5,506
----------------------
William Robedee 7,051
----------------------
David Sproston 4,279
----------------------
------------------------------- -------------------------------------------------------------------------
e) Aggregated information In respect of (A) Grant of options
* Aggregated volume under Option Plans
Nil, grant of options only
In respect of (B) Grant of options
* Price under Deferred Plan
Nil, grant of options only
------------------------------- -------------------------------------------------------------------------
f) Date of the transactions
In respect of (A) Grant of options
under Option Plans - 25 April 2022
In respect of (B) Grant of options
under Deferred Plan 25 April 2022
------------------------------- -------------------------------------------------------------------------
g) Place of the transactions In respect of (A) Grant of options
under Option Plans - - Off-market
In respect of (B) Grant of options
under Deferred Plan - Off-market
------------------------------- -------------------------------------------------------------------------
Name of authorised official of issuer responsible for making
notification:
Moira MacDonald
Company Secretary to Portmeirion Group PLC
ENQUIRIES:
Portmeirion Group PLC:
Mike Raybould, Chief Executive +44 (0) 1782 mraybould@portmeiriongroup.com
743 443
David Sproston, Group Finance +44 (0) 1782 dsproston@portmeiriongroup.com
Director 743 443
Hudson Sandler:
Dan de Belder +44 (0) 207 796 ddebelder@hudsonsandler.com
4133
Nick Moore nmoore@hudsonsandler.com
Panmure Gordon
(Nominated Adviser and
Broker):
+44 (0) 207 886 2500
Freddy Crossley
Rupert Dearden Corporate Broking
Singer Capital Markets +44 (0) 207
(Joint Broker): 496 3000
Peter Steel / Asha Chotai Investment Banking
Rachel Hayes
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END
DSHSEMFEMEESELL
(END) Dow Jones Newswires
April 26, 2022 08:49 ET (12:49 GMT)
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