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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Portmeirion Group Plc | LSE:PMP | London | Ordinary Share | GB0006957293 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.50 | -1.04% | 237.50 | 230.00 | 245.00 | 240.00 | 237.50 | 240.00 | 30,014 | 09:36:17 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Homefurnishings Stores | 102.74M | -8.46M | -0.6146 | -3.86 | 32.68M |
TIDMPMP
RNS Number : 2876Y
Portmeirion Group PLC
03 May 2023
3 May 2023
Portmeirion Group PLC
("Portmeirion" or the "Company")
Grant of Options
The Portmeirion Group 2022 Approved Share Option Plan and The Portmeirion Group 2022 Unapproved Share Option Plan (the "Option Plans") and The Portmeirion Group 2018 Deferred Incentive Share Option Plan (the "Deferred Plan")
As part of its long-term employee remuneration and retention incentives, the Company announces that, on 2 May 2023, the following transactions occurred for the persons discharging managerial responsibilities ("PDMRs") as shown below:
Option Plans number Deferred Plan number of options granted of options granted at an exercise price at an exercise price of GBP4.69 per Ordinary of GBP1.00 (B) Share (A) Company directors/officers: Michael Raybould Chief Executive 50,000 5,275 Michael Knapper Group Operations Director 35,000 2,686 William Robedee Global Sales Director 35,000 3,864 David Sproston Group Finance Director 35,000 2,087 Moira MacDonald Group Company Secretary 15,000 - ------------------------ --------------------- Total: 170,000 13,912
Note:
(A) Grant of options under Option Plans.
(B) Grant of new options under Deferred Plan against 2022 performance and incentive arrangements (further detail below).
The Company granted 170,000 options over Ordinary Shares to the PDMRs shown above and a further 153,000 options over Ordinary Shares to other senior managers pursuant to the Option Plans. T he options are subject to the achievement of performance targets as determined by the Remuneration Committee, and as required under the Option Plans. The options granted on 2 May 2023 are normally only exercisable if t he increase in the average of the Company's basic adjusted (for changes in accounting standards and exceptional items) earnings per share for each of the three years ending 31 December 2023, 31 December 2024 and 31 December 2025 is at least 10% higher than that for the year ended 31 December 2022. The calculation of basic adjusted earnings per share shall take account of the number of shares in issue and effective tax rates at the date of grant.
In addition, the Company granted 13,912 options to Executive Directors shown above over Ordinary Shares pursuant to the Deferred Plan. In accordance with the rules of the Deferred Plan, the number of options granted is based on the gross incentive payment earned by the relevant Director in respect of the year ended 31 December 2022.
PDMR Shareholdings
The total number of Ordinary Shares over which each PDMR holds options and the total number of Ordinary Shares with voting rights held following this Admission is:
Total number Total number Ordinary Shares of options of Ordinary percentage over Ordinary Shares with of Company's Shares voting rights Ordinary Shares with voting rights Michael Raybould 156,088 11,886 0.08% Michael Knapper 98,192 8,191 0.06% William Robedee 100,915 - - David Sproston 96,366 3,815 0.03% Moira MacDonald 38,500 2,693 0.02%
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
_____________________________________________
Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
1. Details of the person discharging managerial responsibilities/person closely associated a) Name Michael Raybould ------------------------------- ------------------------------------------------------------------------- 2. Reason for the notification ---------------------------------------------------------------------------------------------------------- a) Position/status Chief Executive ------------------------------- ------------------------------------------------------------------------- b) Initial notification/Amendment Initial Notification ------------------------------- ------------------------------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---------------------------------------------------------------------------------------------------------- a) Name Portmeirion Group PLC ------------------------------- ------------------------------------------------------------------------- b) LEI 2138003QC9J6TLZJHO70 ------------------------------- ------------------------------------------------------------------------- 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 Ordinary Shares of 5 pence each instrument ------------------------------- ------------------------------------------------------------------------- b) Identification code GB0006957293 ------------------------------- ------------------------------------------------------------------------- c) Nature of the transactions (A) Performance related, Grant of options under Option Plans. Exercise period 3 May 2026 - 1 May 2033. (B) Grant of new options under The Portmeirion Group 2018 Deferred Incentive Share Option Plan (the "Deferred Plan"). ------------------------------- ------------------------------------------------------------------------- d) Price(s) and volume(s) In respect of (A) Grant of options under Option Plans Price at grant: Nil Exercise Price: GBP4.69 per Ordinary Share Volume(s) Options over Ordinary Shares Michael Raybould 50,000 ---------------------- In respect of (B) Grant of options under Deferred Plan Price at grant: Nil Exercise Price (per PDMR in respect of all options granted): GBP1 Options over Ordinary Shares Michael Raybould 5,275 ---------------------- ------------------------------- ------------------------------------------------------------------------- e) Aggregated information In respect of (A) Grant of options * Aggregated volume under Option Plans Nil, grant of options only In respect of (B) Grant of options * Price under Deferred Plan Nil, grant of options only ------------------------------- ------------------------------------------------------------------------- f) Date of the transactions In respect of (A) Grant of options under Option Plans - 2 May 2023 In respect of (B) Grant of options under Deferred Plan 2 May 2023 ------------------------------- ------------------------------------------------------------------------- g) Place of the transactions In respect of (A) Grant of options under Option Plans - - Off-market In respect of (B) Grant of options under Deferred Plan - Off-market ------------------------------- ------------------------------------------------------------------------- 1. Details of the person discharging managerial responsibilities/person closely associated a) Name Michael Knapper
------------------------------- ------------------------------------------------------------------------ 2. Reason for the notification --------------------------------------------------------------------------------------------------------- a) Position/status Group Operations Director ------------------------------- ------------------------------------------------------------------------ b) Initial notification/Amendment Initial Notification ------------------------------- ------------------------------------------------------------------------ 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------------------------------------------------------------------------------------------------------- a) Name Portmeirion Group PLC ------------------------------- ------------------------------------------------------------------------ b) LEI 2138003QC9J6TLZJHO70 ------------------------------- ------------------------------------------------------------------------ 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 Ordinary Shares of 5 pence each instrument ------------------------------- ------------------------------------------------------------------------ b) Identification code GB0006957293 ------------------------------- ------------------------------------------------------------------------ c) Nature of the transactions (A) Performance related, Grant of options under Option Plans. Exercise period 3 May 2026 - 1 May 2033. (B) Grant of new options under The Portmeirion Group 2018 Deferred Incentive Share Option Plan (the "Deferred Plan"). ------------------------------- ------------------------------------------------------------------------ d) Price(s) and volume(s) In respect of (A) Grant of options under Option Plans Price at grant: Nil Exercise Price: GBP4.69 per Ordinary Share Volume(s) Options over Ordinary Shares Michael Knapper 35,000 ---------------------- In respect of (B) Grant of options under Deferred Plan Price at grant: Nil Exercise Price (per PDMR in respect of all options granted): GBP1 Options over Ordinary Shares Michael Knapper 2,686 ---------------------- ------------------------------- ------------------------------------------------------------------------ e) Aggregated information In respect of (A) Grant of options * Aggregated volume under Option Plans Nil, grant of options only In respect of (B) Grant of options * Price under Deferred Plan Nil, grant of options only ------------------------------- ------------------------------------------------------------------------ f) Date of the transactions In respect of (A) Grant of options under Option Plans - 2 May 2023 In respect of (B) Grant of options under Deferred Plan 2 May 2023 ------------------------------- ------------------------------------------------------------------------ g) Place of the transactions In respect of (A) Grant of options under Option Plans - - Off-market In respect of (B) Grant of options under Deferred Plan - Off-market ------------------------------- ------------------------------------------------------------------------ 1. Details of the person discharging managerial responsibilities/person closely associated a) Name William Robedee ------------------------------- ------------------------------------------------------------------------ 2. Reason for the notification --------------------------------------------------------------------------------------------------------- a) Position/status Global Sales Director ------------------------------- ------------------------------------------------------------------------ b) Initial notification/Amendment Initial Notification ------------------------------- ------------------------------------------------------------------------ 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --------------------------------------------------------------------------------------------------------- a) Name Portmeirion Group PLC ------------------------------- ------------------------------------------------------------------------ b) LEI 2138003QC9J6TLZJHO70 ------------------------------- ------------------------------------------------------------------------ 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 Ordinary Shares of 5 pence each instrument ------------------------------- ------------------------------------------------------------------------ b) Identification code GB0006957293 ------------------------------- ------------------------------------------------------------------------ c) Nature of the transactions (A) Performance related, Grant of options under Option Plans. Exercise period 3 May 2026 - 1 May 2033. (B) Grant of new options under The Portmeirion Group 2018 Deferred Incentive Share Option Plan (the "Deferred Plan"). ------------------------------- ------------------------------------------------------------------------ d) Price(s) and volume(s) In respect of (A) Grant of options under Option Plans Price at grant: Nil Exercise Price: GBP4.69 per Ordinary Share Volume(s) Options over Ordinary Shares William Robedee 35,000 ---------------------- In respect of (B) Grant of options under Deferred Plan Price at grant: Nil Exercise Price (per PDMR in respect of all options granted): GBP1 Options over Ordinary Shares William Robedee 3,864 ---------------------- ------------------------------- ------------------------------------------------------------------------ e) Aggregated information In respect of (A) Grant of options * Aggregated volume under Option Plans Nil, grant of options only In respect of (B) Grant of options * Price under Deferred Plan Nil, grant of options only ------------------------------- ------------------------------------------------------------------------ f) Date of the transactions In respect of (A) Grant of options under Option Plans - 2 May 2023
In respect of (B) Grant of options under Deferred Plan 2 May 2023 ------------------------------- ------------------------------------------------------------------------ g) Place of the transactions In respect of (A) Grant of options under Option Plans - - Off-market In respect of (B) Grant of options under Deferred Plan - Off-market ------------------------------- ------------------------------------------------------------------------ 1. Details of the person discharging managerial responsibilities/person closely associated a) Name David Sproston ------------------------------- ----------------------------------------------------------------------- 2. Reason for the notification -------------------------------------------------------------------------------------------------------- a) Position/status Group Finance Director ------------------------------- ----------------------------------------------------------------------- b) Initial notification/Amendment Initial Notification ------------------------------- ----------------------------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor -------------------------------------------------------------------------------------------------------- a) Name Portmeirion Group PLC ------------------------------- ----------------------------------------------------------------------- b) LEI 2138003QC9J6TLZJHO70 ------------------------------- ----------------------------------------------------------------------- 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 Ordinary Shares of 5 pence each instrument ------------------------------- ----------------------------------------------------------------------- b) Identification code GB0006957293 ------------------------------- ----------------------------------------------------------------------- c) Nature of the transactions (A) Performance related, Grant of options under Option Plans. Exercise period 3 May 2026 - 1 May 2033. (B) Grant of new options under The Portmeirion Group 2018 Deferred Incentive Share Option Plan (the "Deferred Plan"). ------------------------------- ----------------------------------------------------------------------- d) Price(s) and volume(s) In respect of (A) Grant of options under Option Plans Price at grant: Nil Exercise Price: GBP4.69 per Ordinary Share Volume(s) Options over Ordinary Shares David Sproston 35,000 ---------------------- In respect of (B) Grant of options under Deferred Plan Price at grant: Nil Exercise Price (per PDMR in respect of all options granted): GBP1 Options over Ordinary Shares David Sproston 2,087 ---------------------- ------------------------------- ----------------------------------------------------------------------- e) Aggregated information In respect of (A) Grant of options * Aggregated volume under Option Plans Nil, grant of options only In respect of (B) Grant of options * Price under Deferred Plan Nil, grant of options only ------------------------------- ----------------------------------------------------------------------- f) Date of the transactions In respect of (A) Grant of options under Option Plans - 2 May 2023 In respect of (B) Grant of options under Deferred Plan 2 May 2023 ------------------------------- ----------------------------------------------------------------------- g) Place of the transactions In respect of (A) Grant of options under Option Plans - - Off-market In respect of (B) Grant of options under Deferred Plan - Off-market ------------------------------- ----------------------------------------------------------------------- 1. Details of the person discharging managerial responsibilities/person closely associated a) Name Moira MacDonald ------------------------------- ------------------------------------------- 2. Reason for the notification ---------------------------------------------------------------------------- a) Position/status Group Company Secretary ------------------------------- ------------------------------------------- b) Initial notification/Amendment Initial Notification ------------------------------- ------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---------------------------------------------------------------------------- a) Name Portmeirion Group PLC ------------------------------- ------------------------------------------- b) LEI 2138003QC9J6TLZJHO70 ------------------------------- ------------------------------------------- 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 Ordinary Shares of 5 pence each instrument ------------------------------- ------------------------------------------- b) Identification code GB0006957293 ------------------------------- ------------------------------------------- c) Nature of the transactions (A) Performance related, Grant of options under Option Plans. Exercise period 3 May 2026 - 1 May 2033. ------------------------------- ------------------------------------------- d) Price(s) and volume(s) In respect of (A) Grant of options under Option Plans Price at grant: Nil Exercise Price: GBP4.69 per Ordinary Share Volume(s) Options over Ordinary Shares Moira MacDonald 15,000 ---------------------- ------------------------------- ------------------------------------------- e) Aggregated information In respect of (A) Grant of options * Aggregated volume under Option Plans Nil, grant of options only * Price ------------------------------- ------------------------------------------- f) Date of the transactions In respect of (A) Grant of options under Option Plans - 2 May 2023 ------------------------------- ------------------------------------------- g) Place of the transactions In respect of (A) Grant of options under Option Plans - - Off-market ------------------------------- -------------------------------------------
Name of authorised official of issuer responsible for making notification:
Moira MacDonald
Company Secretary to Portmeirion Group PLC
ENQUIRIES:
Portmeirion Group PLC: Mike Raybould, Chief Executive +44 (0) 1782 mraybould@portmeiriongroup.com 743 443 David Sproston, Group Finance +44 (0) 1782 dsproston@portmeiriongroup.com Director 743 443 Hudson Sandler: Dan de Belder +44 (0) 207 796 portmeirion@hudsonsandler.com 4133 Nick Moore Emily Brooker Shore Capital: (Nominated Adviser and Joint +44 (0) 207 408 Broker): 4090 Patrick Castle Corporate Advisory Lucy Bowden Malachy McEntyre Corporate Broking Singer Capital Markets +44 (0) 207 496 (Joint Broker): 3000 Peter Steel Investment Banking Asha Chotai
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END
DSHSSIFSDEDSEDI
(END) Dow Jones Newswires
May 03, 2023 06:39 ET (10:39 GMT)
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