Marston's PLC Director/PDMR Shareholding (0429K)

TIDMMARS

RNS Number : 0429K

Marston's PLC

04 July 2017

Notification of interests of Directors and Persons Discharging Managerial Responsibilities

4 July 2017

The Company announces that on 3 July 2017 the Director listed below exercised an award over ordinary shares in the Company under the Company's 2014 Long Term Incentive Plan, which had been granted on 25 June 2014.

Shares were sold by the Director to the extent necessary to fund tax and NICs arising on the exercise as noted below.

 
 Director         Aggregate           Number of shares 
                   number of           which were sold 
                   shares in           by the Director 
                   respect of          on 3 July 2017 
                   which LTIP          at a price of 
                   Award exercised*    GBP1.2210 per 
                                       share 
---------------  ------------------  ----------------- 
 Peter Dalzell    51,513              24,297 
---------------  ------------------  ----------------- 
 

*The award granted on 25 June 2014 consisted of an LTIP Award and a "Linked Award", and a separate Approved Option over 20,876 shares at an exercise price of GBP1.437 per share. The Approved Option was released by the Director as part of the exercise process so that, in accordance with the rules of the LTIP, the LTIP Award and Linked Award are capable of exercise to the extent vested.

The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

Enquiries: Anne-Marie Brennan, Group Secretary, Marston's PLC, [phone]

 
 1.    Details of PDMR / PCA (person closely associated) 
----  ----------------------------------------------------------- 
 (a)   Name                    Peter Dalzell 
----  ----------------------  ----------------------------------- 
 (b)   Position/status         Director and PDMR (MD, Marston's 
                                Inns and Taverns) 
----  ----------------------  ----------------------------------- 
 (c)   Initial notification/   Initial notification 
        amendment 
----  ----------------------  ----------------------------------- 
 2.    Details of the issuer 
----  ----------------------------------------------------------- 
 (a)   Name                    Marston's PLC 
----  ----------------------  ----------------------------------- 
 3.    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             Ordinary shares of 7.375p each 
        of the financial 
        instrument              ISIN GB00B1JQDM80 
----  ----------------------  ----------------------------------- 
 (b)   Nature of the           Exercise of award under the Long 
        transaction             Term Incentive Plan and sale of 
                                shares to fund associated tax 
                                liability 
----  ----------------------  ----------------------------------- 
 (c)   Price(s) and              Price(s)     Volume(s) 
        volume(s)                -----------  ---------- 
                                  N/A          51,513 
                                 -----------  ---------- 
                                  GBP1.2210    24,297 
                                 -----------  ---------- 
----  ----------------------  ----------------------------------- 
 (d)   Aggregated              n/a single transaction 
        information 
                                n/a single transaction 
        Aggregated 
        volume price 
----  ----------------------  ----------------------------------- 
 (e)   Date of the             2017-07-03 
        transaction 
----  ----------------------  ----------------------------------- 
 (f)   Place of the            London Stock Exchange, Main Market 
        transaction             (XLON) 
----  ----------------------  ----------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 04, 2017 04:04 ET (08:04 GMT)