TIDMYNGA
Young & Co.'s Brewery, P.L.C. (the "Company")
Notifications by PDMRs and persons closely associated with
PDMRs
Circumstances giving rise to the notifications
Today, 29 June 2022, the Company announces that awards were
granted under the Company's Long Term Incentive Plan ('LTIP') as
set out below:
PDMR Number of shares subject to awards(1) Vesting Date
Patrick Dardis 39,241(2,4) 29 June 2025
Mike Owen 25,548(2) 29 June 2025
Simon Dodd 15,127(3) 29 June 2025
Tracy Dodd 13,823(3) 29 June 2025
Notes
(1) The awards are in the form of a nil-cost option and no
monetary consideration was paid for the awards. The awards are
subject to the satisfaction of performance conditions. The
remuneration committee has decided that the awards will be based on
the following performance conditions:
- two-thirds on the extent to which the Company's adjusted
earnings per share in respect of the financial year ended on or
around 31 March 2025 exceed the same measure for the financial
period ended 28 March 2022; and
- one-third on total shareholder return relative to a comparator
group of the Company's peers.
The remuneration committee believes that the selection of the
above performance conditions will ensure that the vesting outcome
is fully aligned with the shareholder experience. Further
information about the plan is provided on pages 74 and 138 of the
Company's 2022 Annual Report.
(2) This award is equivalent to 100% of base salary. The award
will vest and become exercisable subject to continued employment
with the Company and the extent to which performance conditions are
met.
(3) This award is equivalent to 75% of base salary. The award
will vest and become exercisable subject to continued employment
with the Company and the extent to which performance conditions are
met.
(4) This award will be pro-rated for time served to 31 March
2023.
Notifications
In connection with the above, the Company today received the
following notifications:
From Patrick Dardis:
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Patrick Dardis
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in
instrument, type of instrument the capital of Young & Co.'s
Identification code Brewery, P.L.C. GB00B2NDK765
b) Nature of the transaction Grant of LTIP awards under the
Young's Long Term Incentive Plan at
nil cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 39,241
d) Aggregated information
- Aggregated volume
- Price 39,241
GBP Nil
e) Date of the transaction 2022-06-29
f) Place of the transaction Outside a trading venue
From Mike Owen:
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Mike Owen
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in
instrument, type of instrument the capital of Young & Co.'s
Identification code Brewery, P.L.C. GB00B2NDK765
b) Nature of the transaction Grant of LTIP awards under the
Young's Long Term Incentive Plan at
nil cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 25,548
d) Aggregated information
- Aggregated volume
- Price 25,548
GBP Nil
e) Date of the transaction 2022-06-29
f) Place of the transaction Outside a trading venue
From Simon Dodd:
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Simon Dodd
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in
instrument, type of instrument the capital of Young & Co.'s
Identification code Brewery, P.L.C. GB00B2NDK765
b) Nature of the transaction Grant of LTIP awards under the
Young's Long Term Incentive Plan at
nil cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 15,127
d) Aggregated information
- Aggregated volume
- Price 15,127
GBP Nil
e) Date of the transaction 2022-06-29
f) Place of the transaction Outside a trading venue
From Simon Dodd:
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Simon Dodd
2 Reason for the notification
a) Position/status This notification concerns Simon
Dodd in his additional capacity as a
person closely associated with a
person discharging managerial
responsibilities. The person
discharging managerial
responsibilities is Tracy Dodd, the
issuer's People Director. The
association arises by virtue of
Simon Dodd being the spouse of Mrs.
Dodd.
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in
instrument, type of instrument the capital of Young & Co.'s
Identification code Brewery, P.L.C. GB00B2NDK765
b) Nature of the transaction Grant of LTIP awards under the
Young's Long Term Incentive Plan at
nil cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 15,127
d) Aggregated information
- Aggregated volume
- Price 15,127
GBP Nil
e) Date of the transaction 2022-06-29
f) Place of the transaction Outside a trading venue
From Tracy Dodd:
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Tracy Dodd
2 Reason for the notification
a) Position/status People Director
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in
instrument, type of instrument the capital of Young & Co.'s
Identification code Brewery, P.L.C. GB00B2NDK765
b) Nature of the transaction Grant of LTIP awards under the
Young's Long Term Incentive Plan at
nil cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 13,823
d) Aggregated information
- Aggregated volume
- Price 13,823
GBP Nil
e) Date of the transaction 2022-06-29
f) Place of the transaction Outside a trading venue
From Tracy Dodd:
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Tracy Dodd
2 Reason for the notification
a) Position/status This notification concerns Tracy
Dodd in her additional capacity as a
person closely associated with a
person discharging managerial
responsibilities. The person
discharging managerial
responsibilities is Simon Dodd, the
issuer's Chief Operating Officer.
The association arises by virtue of
Tracy Dodd being the spouse of Mr.
Dodd.
b) Initial notification / Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Young & Co.'s Brewery, P.L.C.
b) LEI 213800JMZDORXCMKFW06
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 A Ordinary shares of 12.5p each in
instrument, type of instrument the capital of Young & Co.'s
Identification code Brewery, P.L.C. GB00B2NDK765
b) Nature of the transaction Grant of LTIP awards under the
Young's Long Term Incentive Plan at
nil cost.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 13,823
d) Aggregated information
- Aggregated volume
- Price 13,823
GBP Nil
e) Date of the transaction 2022-06-29
f) Place of the transaction Outside a trading venue
Chris Taylor
Company Secretary
29 June 2022
Tel: 020 8875 7000
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220629005791/en/
CONTACT:
Young & Co's Brewery PLC
SOURCE: Young & Co's Brew.
Copyright Business Wire 2022
(END) Dow Jones Newswires
June 29, 2022 11:50 ET (15:50 GMT)
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