Imperial Brands PLC Director/PDMR Shareholding (1585S)
06 Luglio 2020 - 3:33PM
UK Regulatory
TIDMIMB
RNS Number : 1585S
Imperial Brands PLC
06 July 2020
6 July 2020
IMPERIAL BRANDS PLC
(THE "COMPANY")
NOTIFICATION OF TRANSACTIONS OF DIRECTOR/PDMR
Recruitment Award made Listing Rule 9.4.2
On 6 July 2020, the Company's new Chief Executive Officer,
Stefan Bomhard, was granted a nil-cost option award (the
"Recruitment Award") over ordinary shares of 10 pence each in the
Company ("Shares").
The Recruitment Award has been granted in reliance on Listing
Rule 9.4.2 and will be limited to settlement with market purchase
Shares or Shares transferred from treasury.
The Recruitment Award has been granted in order to facilitate Mr
Bomhard's recruitment as Chief Executive Officer of the Company,
and to replace certain share awards granted to him by his former
employer, Inchcape plc, and which Mr Bomhard forfeited on joining
the Company.
The Recruitment Award has been granted over 116,921 Shares,
which has been set by reference to the value of the forfeited
awards (of GBP1,793,568) and the average mid-market closing price
of the Shares over the period of three dealing days immediately
prior to appointment (1 July 2020).
In order to replicate the terms of Mr Bomhard's forfeited
awards, the Recruitment Award is split into four tranches as
follows:
Award Number of Expected Original Inchcape award replaced
type Shares Vesting
Date
Nil-cost 44,820 10 April Award of performance shares
option 2021 granted under the Inchcape
Performance Share Plan granted
on 10 April 2018
---------- --------- ----------------------------------
Nil-cost 24,202 10 April Award of matching shares granted
option 2021 under the Inchcape Co-Investment
Plan granted on 10 April 2018
---------- --------- ----------------------------------
Nil-cost 30,792 11 April Award of performance shares
option 2022 granted under the Inchcape
Performance Share Plan granted
on 11 April 2019
---------- --------- ----------------------------------
Nil-cost 17,107 11 April Award of matching shares granted
option 2022 under the Inchcape Co-Investment
Plan granted on 11 April 2019
---------- --------- ----------------------------------
The vesting of each tranche of the Recruitment Award is subject
to the extent to which the original performance conditions
applicable to the forfeited awards are met over the original
performance period. The forfeited awards were subject to
equally-weighted performance conditions measuring Inchcape plc's
relative total shareholder return and earnings per share. The
Remuneration Committee of the Company intends to assess the level
of performance vesting by reference to these performance
conditions, based on information disclosed by Inchcape plc.
The vesting of the Recruitment Award (and each tranche thereof)
is also subject to Mr Bomhard's continued service with the
Company.
As at the date of this announcement, the Company has 946,408,101
Shares in issue (excluding shares held in Treasury).
This announcement is made in accordance with the requirements of
Market Abuse Regulation Article 19.
Notification of person discharging managerial responsibilities/
person closely associated
1. Details of the person discharging managerial responsibilities/
person closely associated
-----------------------------------------------------------------------
a) Name STEFAN BOMHARD
---------------------- -----------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status CHIEF EXECUTIVE OFFICER
---------------------- -----------------------------------------------
b) Initial notification/ INITIAL NOTIFICATION
Amendment
---------------------- -----------------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------
a) Name IMPERIAL BRANDS PLC
---------------------- -----------------------------------------------
b) LEI 549300DFVPOB67JL3A42
---------------------- -----------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; (iv) each place where
transactions have been conducted
-----------------------------------------------------------------------
a) Description ORDINARY SHARES OF GBP0.10 EACH
of the financial
instrument,
type of instrument
-----------------------------------------------
Identification GB0004544929
code
---------------------- -----------------------------------------------
b) Nature of NIL COST OPTION AWARD GRANTED IN RELIANCE
the transaction ON LISTING RULE 9.4.2 AND WHICH VESTS IN
FOUR EQUAL TRANCHES ON 10 APRIL 2021, 10
APRIL 2021, 11 APRIL 2022 AND 11 APRIL
2022, SUBJECT TO THE ACHIEVEMENT OF SPECIFIED
PERFORMANCE CONDITIONS AND CONTINUED SERVICE.
---------------------- -----------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 116,921
----------
---------------------- -----------------------------------------------
d) Aggregated Not applicable - single transaction
information
---------------------- -----------------------------------------------
e) Date of the 6 JULY 2020
transaction
---------------------- -----------------------------------------------
f) Place of the OUTSIDE A TRADING VENUE
transaction
---------------------- -----------------------------------------------
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END
DSHXQLFBBDLXBBF
(END) Dow Jones Newswires
July 06, 2020 09:33 ET (13:33 GMT)
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