Director/PDMR Shareholding (0941T)
30 Novembre 2011 - 4:36PM
UK Regulatory
TIDMPUB
RNS Number : 0941T
Punch Taverns PLC
30 November 2011
Punch Taverns plc (the "Company")
30 November 2011
NOTIFICATION OF DIRECTOR / PDMR SHAREHOLDING
Long Term Incentive Plan 2008 (the "Plan")
On 30 November 2011, in accordance with the rules of the Plan,
the Remuneration Committee granted the following Options, at a
price of 12.08 pence per share to the following Executive Directors
and Persons Discharging Managerial Responsibilities(PDMRs) of the
Company:
Number of Shares
subject to the
Option
Executive Directors
Roger Whiteside 1,779,801
Steve Dando 1,138,245
PDMRs
Neil Griffiths 465,645
Ed Bashforth 341,473
The exercise price payable to exercise the Options shall be
GBP1. The Options will normally be exercisable between 30 November
2014 and 29 November 2021 subject to the optionholder's continued
employment and to the extent that Total Shareholder Return ("TSR")
targets are met.
The TSR targets will measure the performance of the Company
relative to two relevant comparators: a pub sector peer group and
the FTSE 250 Index (excluding investment trusts). The TSR
performance will be measured over a three year period, starting
from 21 August 2011. The vesting of the Options is split equally
according to the TSR performance of the Company against the two
different comparators. 12.5% of the Options will vest for
achievement of the median position against the pub sector group,
and 12.5% for matching the TSR of the FTSE 250 Index (excluding
investment trusts). The Options will vest in full if the Company's
annualised TSR exceeds the median TSR of the pub sector group and
the FTSE 250 Index (excluding investment trusts) TSR, by five
percentage points per annum. Straight line vesting will occur
between these two points.
This notification is provided in accordance with DTR 3.1.4.
Date of Notification: 30 November 2011
Ed Bashforth
Company Secretary
Punch Taverns plc
01283 502215
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSFDIFISFFSEDF
Grafico Azioni Punch Taverns (LSE:PUB)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Punch Taverns (LSE:PUB)
Storico
Da Ott 2023 a Ott 2024
Notizie in Tempo Reale relative a Punch Tvns (Borsa di Londra): 0 articoli recenti
Più Punch Taverns Articoli Notizie