TIDMYNGA

Young & Co.'s Brewery, P.L.C.

(the "Company")

PDMR Notifications

Circumstances giving rise to the notifications

Under the terms of the Company's deferred annual bonus awards for the Company's financial period ended 3 April 2017, certain directors were eligible to subscribe at nominal value for a set number of the Company's A shares. The terms of issue included a performance condition related to the Company's adjusted earnings per ordinary share from continuing operations for the financial year ending 30 March 2020 and the extent to which those earnings exceeded the same measure for the financial period ended 28 March 2016. If the performance condition were not met in full, then the director concerned would be required to transfer all or a percentage of those shares for no consideration back to the Company, or to an employee benefit trust designated by the Company for this purpose.

Further background detail on the operation of the scheme as it related to the Company's financial period ended 3 April 2017 and the numbers of shares subsequently awarded and subscribed for is set out in the announcement made by the Company on 7 June 2017.

The outcome of the performance condition is now known and the Company's remuneration committee has determined that the following directors must transfer the following shares for nil consideration to RBT II Trustees Limited, being the trustee of the Ram Brewery Trust II which is the employee benefit trust designated by the Company for this purpose:

   -- Patrick Dardis - 6,185 shares; and 
   -- Torquil Sligo-Young - 2,466 shares.

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 Anthony Dardis 
2   Reason for the notification 
a)  Position/status                       Chief Executive 
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 issuer's capital. GB00B2NDK765 
    Identification code 
b)  Nature of the transaction             Transfer of shares 
c)  Price(s) and volume(s)                Price(s) Volume(s) 
 
                                           GBPnil 6,185 
d)  Aggregated information 
     - Aggregated volume 
     - Price                               6,185 
                                           GBPnil 
e)  Date of the transaction               8 June 2020; 08.02 GMT 
f)  Place of the transaction              Outside a trading venue

From Torquil Sligo-Young

 
1   Details of the person discharging managerial responsibilities/person 
    closely associated 
a)  Name                                  Torquil Charles fflorance Barrow 
                                          Sligo-Young 
2   Reason for the notification 
a)  Position/status                       Information Resources 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 issuer's capital. GB00B2NDK765 
    Identification code 
b)  Nature of the transaction             Transfer of shares 
c)  Price(s) and volume(s)                Price(s) Volume(s) 
 
                                           GBPnil 2,466 
d)  Aggregated information 
     - Aggregated volume 
     - Price                               2,466 
                                           GBPnil 
e)  Date of the transaction               8 June 2020; 08.02 GMT 
f)  Place of the transaction              Outside a trading venue

Krishan Pandit

Assistant Company Secretary

Monday, 8 June 2020

Tel: 020 8875 7000

View source version on businesswire.com: https://www.businesswire.com/news/home/20200608005244/en/

 
    CONTACT:

Young & Co's Brewery PLC

 
    SOURCE: Young & Co's Brew. 
Copyright Business Wire 2020

(END) Dow Jones Newswires

June 08, 2020 05:25 ET (09:25 GMT)

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