McColl's Retail Group plc Director/PDMR Shareholding (0408J)
07 Abril 2020 - 3:27AM
UK Regulatory
TIDMMCLS
RNS Number : 0408J
McColl's Retail Group plc
07 April 2020
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 LTIP Awards on 6 April 2020
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").
Director / PDMR Number of ordinary shares of GBP0.001 each ("Shares") over which LTIP Awards Call Price per share
were granted
Jonathan Miller 500,933 GBP0.001
Robbie Bell 755,556 GBP0.001
Richard Crampton 500,000 GBP0.001
Karen Bird 358,333 GBP0.001
Awards for Jonathan Miller and Robbie Bell will vest based on
three-year relative Total Shareholder Return ("TSR") measured from
the date of grant and Earnings Per Share ("EPS") growth targets
measured from a 2019 base year to the year ending November 2022 as
set out in the 2019 Directors' Remuneration Report ("DRR") in the
Annual Report and Accounts 2019 .
Awards for Richard Crampton and Karen Bird, as PDMRs of the
Company, will vest based on TSR, EPS targets and a continued
service element.
After consideration, the Remuneration Committee determined that
the 2020 grants would be made in the normal grant window albeit
award levels for Executive Directors have been further reduced
compared to those set out in the DRR to reflect the current share
price compared to the prevailing price at the date that the 2019
DRR was approved. Jonathan Miller's award represents an award level
of 31% of salary and Robbie Bell's 61% of salary, compared to 50%
and 100% respectively, as detailed in the DRR.
Under the LTIP rules, the Remuneration Committee must be
satisfied that the vesting outcome when applying the EPS and TSR
Targets is a genuine reflection of the underlying performance of
the business and the Committee has full discretion 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
awards of Jonathan Miller and Robbie Bell.
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
c.1,440 managed convenience stores and newsagents. We operate
McColl's 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. Our dedicated colleagues serve five
million customers every week, and we are the largest operator of
Post Offices in the UK.
LEI: 213800R1TLR536P8YJ67
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name 1. Jonathan Miller
2. Robbie Bell
3. Richard Crampton
4. Karen Bird
2 Reason for the notification
a) Position/status 1. PDMR, Chief Executive
2. PDMR, Chief Financial Officer
3. PDMR, Chief Commercial Officer
4. PDMR, Colleague & Operations Director
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. 500,933
2. GBP0.001 per Ordinary Share 2. 755,556
3. GBP0.001 per Ordinary Share 3. 500,000
4. GBP0.001 per Ordinary Share 4. 358,333
d) Aggregated information
- Aggregated volume 1. 500,933
2. 755,556
3. 500,000
4. 358,333
- Price n/a
e) Date of the transaction 1. 6 April 2020
2. 6 April 2020
3. 6 April 2020
4. 6 April 2020
f) Place of the transaction Outside a trading venue
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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April 07, 2020 04:27 ET (08:27 GMT)
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