Merlin Entertainments plc Director/PDMR Shareholding (9706I)

TIDMMERL

RNS Number : 9706I

Merlin Entertainments plc

05 September 2016

Merlin Entertainments plc

5 September 2016

NOTIFICATION OF TRANSACTIONS OF

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

Merlin Entertainments plc was advised that on 1 September 2016 the following named person(s) were granted the following nil cost Conditional Share Awards ("Awards") over Ordinary Shares of 1 pence each in the Company under the Company's Performance Share Plan ("PSP").

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 
 PDMR              Position           Number of Shares 
                                       Awarded 
----------------  -----------------  ----------------- 
 Anne-Francoise    Chief Financial 
  Nesmes            Officer           180,431 
----------------  -----------------  ----------------- 
 

The Awards are subject to the performance conditions set out below.

 
                           EPS performance condition 
                                 (50% of award) 
------------------------------------------------------------------------------- 
                    EPS growth    % of award 
                                    vesting 
-----------------  ------------  -----------  --------------------------------- 
 Below threshold     <7% p.a.         0% 
-----------------  ------------  ----------- 
 Threshold            7% p.a.        10% 
-----------------  ------------  ----------- 
 Maximum             14% p.a.        50%           Vesting will be calculated 
                                                              on a 
                                                   straight-line basis between 
                                                      threshold and maximum 
                                                          performance. 
 
                                                  EPS growth will be calculated 
                                                    by comparing EPS for the 
                                                      financial year ending 
                                                     December 2018 with EPS 
                                                     for the financial year 
                                                      ending December 2015 
-----------------  ------------  -----------  --------------------------------- 
 
 
                          ROCE performance condition 
                                (50% of award) 
----------------------------------------------------------------------------- 
                    Average   % of award 
                      ROCE      vesting 
-----------------  --------  -----------  ----------------------------------- 
 Below threshold      <9%         0% 
-----------------  --------  ----------- 
 Threshold            9%        12.5% 
-----------------  --------  ----------- 
                                                Vesting will be calculated 
                                                           on a 
                                                straight-line basis between 
                                                   threshold and maximum 
                                                       performance. 
 
 
                                              Average ROCE will be calculated 
                                                   as an average of ROCE 
                                                  for the three financial 
                                                   years ending December 
 Maximum              13%        50%                2016, 2017 and 2018 
-----------------  --------  -----------  ----------------------------------- 
 

The Awards are, in normal circumstances, conditional until 1 September 2019 when, subject to the terms of the PSP and satisfaction of the performance conditions, the Awards will unconditionally vest. No payment is due from the PDMR to the Company on vesting.

The Notification of Dealing Form for each PDMR can be found below.

 
 1.     Details of PDMR / person closely associated 
         with them ('PCA') 
-----  ---------------------------------------------------------------- 
 a)     Name                        Anne-Francoise Nesmes 
-----  --------------------------  ------------------------------------ 
 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                        Merlin Entertainments plc 
-----  --------------------------  ------------------------------------ 
 b)     LEI                         n/a 
-----  --------------------------  ------------------------------------ 
 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          Share Awards over Ordinary 
          financial instrument,       Shares of 1 pence each 
          type of instrument 
                                      GB00BDZT6P94 
          Identification code 
-----  --------------------------  ------------------------------------ 
 b)     Nature of the transaction   Grant of Awards under the 
                                     PSP 
-----  --------------------------  ------------------------------------ 
 c)     Price(s) and volume(s)       Price (s)    Volume(s) 
                                     -----------  ---------- 
                                      GBP NIL      180,431 
                                     -----------  ---------- 
-----  --------------------------  ------------------------------------ 
 d)                                  Aggregate   Aggregate   Aggregate 
          Aggregated information       Price       Volume      Total 
                                     ----------  ----------  ---------- 
          - Aggregated volume         GBP NIL     180,431     GBP NIL 
                                     ----------  ----------  ---------- 
          - Price 
-----  --------------------------  ------------------------------------ 
 e)     Date of the transaction     1 September 2016 
-----  --------------------------  ------------------------------------ 
 f)     Place of transaction        London 
-----  --------------------------  ------------------------------------ 
 

For further information please contact:

Matthew Jowett

General Counsel and Company Secretary

Merlin Entertainments plc

00 44 1202 634955

5 September 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 05, 2016 09:00 ET (13:00 GMT)