TIDMMCLS

RNS Number : 8272M

McColl's Retail Group plc

23 September 2021

McColl's Retail Group plc (the "Company")

Grant of Long Term Incentive Plan Awards

Notification of Transactions by Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs")

The Company announces the grant of awards on 23 September 2021 to the following Directors and PDMRs of the Company in accordance with the rules of the McColl's Retail Group plc Long Term Incentive Plan (the "LTIP Awards").

 
Director / PDMR         Number of ordinary shares of GBP0.001 each ("Shares") over which LTIP     Call Price per share 
                                                 Awards were granted 
Jonathan Miller                                        751,400                                          GBP0.001 
Richard Crampton                                       558,333                                          GBP0.001 
Giles David                                            541,667                                          GBP0.001 
Karen Bird (McEwan)                                    541,667                                          GBP0.001

Awards will vest based on three-year relative Total Shareholder Return ("TSR") measured from the date of grant and a Grocery mix target measured in the final financial year (2022/23) of the three years starting with the current financial year. Grocery mix will be based on the portion of grocery and alcohol sales as a percentage of total sales.

In addition, the Remuneration Committee must be satisfied that the formulaic vesting outcome of the LTIP Awards when applying the TSR and Grocery mix targets is a genuine reflection of the underlying performance of the business and the Committee has full discretion to adjust the vesting outcomes to ensure that the final outturns reflect all relevant factors.

The awards are to be satisfied by newly issued shares.

A two year post vesting holding period will also apply to the above awards.

 
For further information contact: 
Rachel Peat, Company Secretary 
McColl's Retail Group plc

About McColl's Retail Group

McColl's is a leading neighbourhood retailer, with an estate of over 1,200 managed convenience stores and newsagents. We operate McColl's and Morrisons Daily branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl.

LEI: 213800R1TLR536P8YJ67

The information set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

 
1   Details of the person discharging managerial responsibilities/person closely associated 
a)  Name                                           1. Jonathan Miller 
                                                    2. Richard Crampton 
                                                    3. Giles David 
                                                    4. Karen Bird (McEwan) 
2   Reason for the notification 
a)  Position/status                                1. PDMR, Chief Executive 
                                                    2. PDMR, Chief Commercial Officer 
                                                    3. PDMR, Chief Financial Officer 
                                                    4. PDMR, 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                                           McColl's Retail Group plc 
b)  LEI                                            213800R1TLR536P8YJ67 
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  Ordinary Shares of 0.1 pence each 
    of instrument 
    Identification code                             ISIN: GB00BJ3VW957 
b)  Nature of the transaction                      Awards made pursuant to the McColl's Retail Group plc Long Term 
                                                   Incentive Plan 
c)  Price(s) and volume(s)                          Call Price(s)                                   Volume(s) 
                                                   1. GBP0.001 per Ordinary Share                 1. 751,400 
                                                    2. GBP0.001 per Ordinary Share                 2. 558,333 
                                                    3. GBP0.001 per Ordinary Share                 3. 541,667 
                                                    4. GBP0.001 per Ordinary Share                 4. 541,667 
d)  Aggregated information 
 
     - Aggregated volume                             1. 751,400 
                                                     2. 558,333 
                                                     3. 541,667 
                                                     4. 541,667 
 
     - Price                                         n/a 
e)  Date of the transaction                        1. 23 September 2021 
                                                    2. 23 September 2021 
                                                    3. 23 September 2021 
                                                    4. 23 September 2021 
f)  Place of the transaction                       Outside a trading venue

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END

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September 23, 2021 13:08 ET (17:08 GMT)

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