TIDMINCH

RNS Number : 2124B

Inchcape PLC

08 June 2021

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Duncan Tait 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             PDMR - 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                        Inchcape plc 
     --------------------------  ---------------------------------------- 
 b)   LEI                         213800RGEH1MPPNM2T57 
     --------------------------  ---------------------------------------- 
 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,        Ordinary Shares of 10 pence each 
       type of instrument 
                                    GB00B61TVQ02 
       Identification code 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction   Shares purchased under the Inchcape 
                                   Co-Investment Plan 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)      Volume(s) 
                                     GBP7.90750    27,610 
                                                  ---------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          27,610 
 
       - Price                      GBP218,326.08 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction      7 June 2021 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  ---------------------------------------- 
 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,        Ordinary Shares of 10 pence each 
       type of instrument 
                                    GB00B61TVQ02 
       Identification code 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction   Grant of award under the Inchcape 
                                   Co-Investment Plan ("CIP award") 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0.00     101,228 
                                                ---------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          101,228 
 
       - Price                      GBP0.00 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     7 June 2021 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 g)   Additional information      The 2021 CIP award is subject to 
                                   the following performance conditions: 
                                    Three-year cumulative   Vesting% 
                                     EPS (40% weighting) 
                                    Less than 133p          0% 
                                                           -------------- 
                                    133p                    25% 
                                                           -------------- 
                                    150p                    100% 
                                                           -------------- 
                                    Between 133p and        Straight-line 
                                     150p                    basis 
                                                           -------------- 
 
                                    Three-year average      Vesting% 
                                     ROCE (40% weighting) 
                                    Less than 19%           0% 
                                                           -------------- 
                                    19%                     25% 
                                                           -------------- 
                                    23%                     100% 
                                                           -------------- 
                                    Between 19% and 23%     Straight-line 
                                                             basis 
                                                           -------------- 
 
                                    Cash conversion (20%   Vesting% 
                                     weighting) 
                                    Less than 55%          0% 
                                                          -------------- 
                                    55%                    25% 
                                                          -------------- 
                                    70%                    100% 
                                                          -------------- 
                                    Between 55% and 70%    Straight-line 
                                                            basis 
                                                          -------------- 
     --------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name 
                                    Gijsbert de Zoeten 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             PDMR - Chief Financial Officer 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                        Inchcape plc 
     --------------------------  ---------------------------------------- 
 b)   LEI                         213800RGEH1MPPNM2T57 
     --------------------------  ---------------------------------------- 
 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,        Ordinary Shares of 10 pence each 
       type of instrument 
                                    GB00B61TVQ02 
       Identification code 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction   Shares purchased under the Inchcape 
                                   Co-Investment Plan 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)      Volume(s) 
                                     GBP7.90750    17,907 
                                                  ---------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          17,907 
 
       - Price                      GBP141,599.60 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction      7 June 2021 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  ---------------------------------------- 
 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,        Ordinary Shares of 10 pence each 
       type of instrument 
                                    GB00B61TVQ02 
       Identification code 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction   Grant of award under the Inchcape 
                                   Co-Investment Plan ("CIP award") 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0.00     65,653 
                                                ---------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          65,653 
 
       - Price                      GBP0.00 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction      7 June 2021 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 g)   Additional information      The 2021 CIP award is subject to 
                                   the following performance conditions: 
                                    Three-year cumulative   Vesting% 
                                     EPS (40% weighting) 
                                    Less than 133p          0% 
                                                           -------------- 
                                    133p                    25% 
                                                           -------------- 
                                    150p                    100% 
                                                           -------------- 
                                    Between 133p and        Straight-line 
                                     150p                    basis 
                                                           -------------- 
 
                                    Three-year average      Vesting% 
                                     ROCE (40% weighting) 
                                    Less than 19%           0% 
                                                           -------------- 
                                    19%                     25% 
                                                           -------------- 
                                    23%                     100% 
                                                           -------------- 
                                    Between 19% and 23%     Straight-line 
                                                             basis 
                                                           -------------- 
 
                                    Cash conversion (20%   Vesting% 
                                     weighting) 
                                    Less than 55%          0% 
                                                          -------------- 
                                    55%                    25% 
                                                          -------------- 
                                    70%                    100% 
                                                          -------------- 
                                    Between 55% and 70%    Straight-line 
                                                            basis 
                                                          -------------- 
     --------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Glafkos Persianis 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             PDMR - CEO Europe 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                        Inchcape plc 
     --------------------------  ---------------------------------------- 
 b)   LEI                         213800RGEH1MPPNM2T57 
     --------------------------  ---------------------------------------- 
 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,        Ordinary Shares of 10 pence each 
       type of instrument 
                                    GB00B61TVQ02 
       Identification code 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction   Shares purchased under the Inchcape 
                                   Co-Investment Plan 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)      Volume(s) 
                                     GBP7.90750    6,371 
                                                  ---------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          6,371 
 
       - Price                      GBP50,378.68 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction      7 June 2021 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  ---------------------------------------- 
 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,        Ordinary Shares of 10 pence each 
       type of instrument 
                                    GB00B61TVQ02 
       Identification code 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction   Grant of award under the Inchcape 
                                   Co-Investment Plan ("CIP award") 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0.00     23,360 
                                                ---------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          23,360 
 
       - Price                      GBP0.00 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction      7 June 2021 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 g)   Additional information      The 2021 CIP award is subject to 
                                   the following performance conditions: 
                                    Three-year cumulative   Vesting% 
                                     EPS (40% weighting) 
                                    Less than 133p          0% 
                                                           -------------- 
                                    133p                    25% 
                                                           -------------- 
                                    150p                    100% 
                                                           -------------- 
                                    Between 133p and        Straight-line 
                                     150p                    basis 
                                                           -------------- 
 
                                    Three-year average      Vesting% 
                                     ROCE (40% weighting) 
                                    Less than 19%           0% 
                                                           -------------- 
                                    19%                     25% 
                                                           -------------- 
                                    23%                     100% 
                                                           -------------- 
                                    Between 19% and 23%     Straight-line 
                                                             basis 
                                                           -------------- 
 
                                    Cash conversion (20%   Vesting% 
                                     weighting) 
                                    Less than 55%          0% 
                                                          -------------- 
                                    55%                    25% 
                                                          -------------- 
                                    70%                    100% 
                                                          -------------- 
                                    Between 55% and 70%    Straight-line 
                                                            basis 
                                                          -------------- 
     --------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Michael Bowers 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             PDMR - Group General Counsel 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                        Inchcape plc 
     --------------------------  ---------------------------------------- 
 b)   LEI                         213800RGEH1MPPNM2T57 
     --------------------------  ---------------------------------------- 
 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,        Ordinary Shares of 10 pence each 
       type of instrument 
                                    GB00B61TVQ02 
       Identification code 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction   Shares purchased under the Inchcape 
                                   Co-Investment Plan 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)      Volume(s) 
                                     GBP7.90750    3,594 
                                                  ---------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          3,594 
 
       - Price                      GBP28,419.56 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction      7 June 2021 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  ---------------------------------------- 
 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,        Ordinary Shares of 10 pence each 
       type of instrument 
                                    GB00B61TVQ02 
       Identification code 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction   Grant of award under the Inchcape 
                                   Co-Investment Plan ("CIP award") 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0.00     13,179 
                                                ---------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          13,179 
 
       - Price                      GBP0.00 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction      7 June 2021 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 g)   Additional information      The 2021 CIP award is subject to 
                                   the following performance conditions: 
                                    Three-year cumulative   Vesting% 
                                     EPS (40% weighting) 
                                    Less than 133p          0% 
                                                           -------------- 
                                    133p                    25% 
                                                           -------------- 
                                    150p                    100% 
                                                           -------------- 
                                    Between 133p and        Straight-line 
                                     150p                    basis 
                                                           -------------- 
 
                                    Three-year average      Vesting% 
                                     ROCE (40% weighting) 
                                    Less than 19%           0% 
                                                           -------------- 
                                    19%                     25% 
                                                           -------------- 
                                    23%                     100% 
                                                           -------------- 
                                    Between 19% and 23%     Straight-line 
                                                             basis 
                                                           -------------- 
 
                                    Cash conversion (20%   Vesting% 
                                     weighting) 
                                    Less than 55%          0% 
                                                          -------------- 
                                    55%                    25% 
                                                          -------------- 
                                    70%                    100% 
                                                          -------------- 
                                    Between 55% and 70%    Straight-line 
                                                            basis 
                                                          -------------- 
     --------------------------  ---------------------------------------- 
 

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END

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(END) Dow Jones Newswires

June 08, 2021 09:48 ET (13:48 GMT)

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