TIDMMCLS

RNS Number : 3401Z

McColl's Retail Group plc

17 September 2020

McColl's Retail Group plc (the "Company")

Grant of Long Term Incentive Plan Award

Notification of Transactions by Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs")

The Company announces that, in accordance with the rules of the McColl's Retail Group plc Long Term Incentive Plan (the "LTIP"), an LTIP award over 600,000 ordinary shares of GBP0.001 each was granted on 16 September 2020 to Giles David, Chief Financial Officer of the Company.

The award is subject to continued service with the Company and performance criteria aligned to the LTIP awards granted on 6 April 2020. The performance criteria are based on three-year relative Total Shareholder Return ("TSR") targets measured from 6 April 2020 and Earnings Per Share ("EPS") growth targets measured from a 2019 base year to the year ending November 2022. The targets are the same as those set out in the 2019 Directors' Remuneration Report ("DRR") in the Annual Report and Accounts 2019 .

The Remuneration Committee must also be satisfied that the vesting outcome when applying the EPS and TSR performance criteria 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 award will vest three years after grant and a two year post vesting holding period will also apply.

 
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                                         Giles David 
2    Reason for the notification 
a)   Position/status                              PDMR, Chief Financial Officer 
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,     Ordinary Shares of 0.1 pence each 
     type 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) 
  GBP0.001 per Ordinary Share                                                                          600,000 
d)   Aggregated information 
 
      - Aggregated volume                           600,000 
 
      - Price                                       n/a 
e)   Date of the transaction                      16 September 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHXDLFFBKLXBBB

(END) Dow Jones Newswires

September 17, 2020 09:32 ET (13:32 GMT)

Grafico Azioni Mccoll's Retail (LSE:MCLS)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Mccoll
Grafico Azioni Mccoll's Retail (LSE:MCLS)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Mccoll