TIDMTRN

RNS Number : 9708N

Trainline PLC

26 May 2020

26 May 2020

TRAINLINE PLC

(the "Company")

Executive Director Performance Share Plan ("PSP") Grant Notification

The Company announces that on 22 May 2020 the Executive Directors noted below were granted awards under the Trainline plc Performance Share Plan in the form of Performance Share Units ("PSUs").

The PSUs will vest subject to performance conditions based on the Company's earnings per share ("EPS") and relative total shareholder return ("TSR") over a 3 year period ending 28 February 2023. Vesting of up to 200% of salary is based on EPS and TSR relative to the FTSE 250 (excluding investment trusts) weighted 50/50, and up to an additional 50% of salary as a kicker based on exceptional EPS and relative TSR performance. A two-year holding period will apply on vesting, during which vested shares may not be sold save to cover tax liabilities.

The Company's Remuneration Committee will ensure that any vesting of the PSP cycle is consistent with the stakeholder experience over the performance period, taking into account perspectives of shareholders, employees and customers, as well as any other factors the Remuneration Committee deem appropriate.

 
 PDMR                                     Number of Shares under PSUs 
 Clare Gilmartin, Chief Executive 
  Officer                                 380,185 
                                         ---------------------------- 
 Shaun McCabe, Chief Financial Officer    264,476 
                                         ---------------------------- 
 

The Notification of Dealing Forms for the above grants may be found below. This notification is provided in accordance with the requirements of the EU Market Abuse Regulation.

Enquiries

   For investor enquiries, Andrew Gillian           investors@trainline.com 
   For media enquiries, Victoria Biggs               press@trainline.com / +44 7850 205490 

Enquiries

Simone Selzer trainline@brunswickgroup.com / +44 207 404 5959

 
 Notification of dealing form 
-------------------------------------------------------------------------------- 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
----  -------------------------------------------------------------------------- 
 a)    Name                                Clare Gilmartin 
----  ----------------------------------  -------------------------------------- 
  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                                Trainline plc 
----  ----------------------------------  -------------------------------------- 
 b)    LEI                                 213800HO26VXTFJ4MO71 
----  ----------------------------------  -------------------------------------- 
  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 GBP0.01 each 
        type of instrument 
---- 
       Identification code                 GB00BKDTK925 
----  ----------------------------------  -------------------------------------- 
 b)    Nature of the transaction           Grant of performance share units 
                                            over ordinary shares of Trainline 
                                            plc 
----  ----------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s)                Price              Volume 
----  ----------------------------------  ----------  -------------------------- 
                                                 Nil                     380,185 
  --------------------------------------------------  -------------------------- 
 d)    Aggregated information                Price         Aggregated Volume 
        - Aggregated volume 
        - Price 
----  ----------------------------------  ----------  -------------------------- 
                                                 Nil                     380,185 
  --------------------------------------------------  -------------------------- 
 e)    Date of the transaction             22 May 2020 
----  ----------------------------------  -------------------------------------- 
 f)    Place of the transaction            Outside a trading venue 
----  ----------------------------------  -------------------------------------- 
 
 
 Notification of dealing form 
-------------------------------------------------------------------------------- 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
----  -------------------------------------------------------------------------- 
 a)    Name                                Shaun McCabe 
----  ----------------------------------  -------------------------------------- 
  2    Reason for the notification 
----  -------------------------------------------------------------------------- 
 a)    Position/status                     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                                Trainline plc 
----  ----------------------------------  -------------------------------------- 
 b)    LEI                                 213800HO26VXTFJ4MO71 
----  ----------------------------------  -------------------------------------- 
  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 GBP0.01 each 
        type of instrument 
---- 
       Identification code                 GB00BKDTK925 
----  ----------------------------------  -------------------------------------- 
 b)    Nature of the transaction           Grant of performance share units 
                                            over ordinary shares of Trainline 
                                            plc 
----  ----------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s)                Price              Volume 
----  ----------------------------------  ----------  -------------------------- 
                                                 Nil                     264,476 
  --------------------------------------------------  -------------------------- 
 d)    Aggregated information                Price         Aggregated Volume 
        - Aggregated volume 
        - Price 
----  ----------------------------------  ----------  -------------------------- 
                                                 Nil                     264,476 
  --------------------------------------------------  -------------------------- 
 e)    Date of the transaction             22 May 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.

END

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May 26, 2020 11:00 ET (15:00 GMT)

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