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Share Name Share Symbol Market Type Share ISIN Share Description
Big Yellow Group Plc LSE:BYG London Ordinary Share GB0002869419 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  20.00 1.38% 1,466.00 1,466.00 1,467.00 1,473.00 1,448.00 1,467.00 121,087 16:11:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 135.2 265.8 152.3 9.6 2,693

Big Yellow Group PLC Director/PDMR Shareholding

22/07/2021 4:34pm

UK Regulatory (RNS & others)


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RNS Number : 1941G

Big Yellow Group PLC

22 July 2021

22 July 2021

Big Yellow Group PLC

Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them.

 
 1.   Details of PDMR / person closely associated with them 
       ('PCA') 
 a)   Name                   1. Nicholas Vetch 
                              2. James Gibson 
                              3. Adrian Lee 
                              4. John Trotman 
     ---------------------  ------------------------------------------------------------------------------------- 
 b)   Position               1. Executive Chairman 
       / status               2. Chief Executive Officer 
                              3. Operations Director 
                              4. Chief Financial Officer 
     ---------------------  ------------------------------------------------------------------------------------- 
 c)   Initial notification   Initial Notification in each case 
       / amendment 
     ---------------------  ------------------------------------------------------------------------------------- 
 2.   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 Big Yellow Group PLC (the 
       of the financial       "Company"). 
       instrument 
     ---------------------  ------------------------------------------------------------------------------------- 
 b)   Nature of              In each case, on 22 July 2021 the Executive 
       the transaction        Directors were granted nil paid options over 
                              ordinary shares of 10 pence (the "Options") 
                              granted under the Company's Long Term Investment 
                              Plan. 
                              The Options are exercisable from 22 July 2024 
                              to 21 July 2031, subject to performance criteria 
                              being met. 
                              Each of the messrs Vetch, Gibson, Lee and Trotman 
                              were granted the following Options: 
                              1. Mr Vetch: 27,617 
                              2. Mr Gibson: 32,404 
                              3. Mr Lee: 20,989 
                              4. Mr Trotman: 23,935 
                              The performance conditions attributable to 
                              these Options are as follows: Weighting   Target              Performance threshold 
                               50%         Adjusted            Threshold performance (25% 
                                            earnings            vesting) of average annual 
                                            per share           compound adjusted earnings 
                                                                per share growth of 4% 
                                                                over the three year period 
                                                                ended 31 March 2024, with 
                                                                100% vesting on achievement 
                                                                of average annual compound 
                                                                adjusted earnings per share 
                                                                growth of 8% over the three 
                                                                year period ended 31 March 
                                                                2024. 
                                          ------------------  --------------------------------- 
                               50%         Total Shareholder   Relative TSR against the 
                                            return              constituents of the FTSE 
                                                                Real Estate Index. Threshold 
                                                                vesting of 25% for median 
                                                                performance with 100% vesting 
                                                                for upper quartile performance. 
                                          ------------------  --------------------------------- 
 
                              The Group is in the process of drawing up appropriate 
                              Science Based Targets for the business and 
                              expects to be in a position to report these 
                              in the Annual Report and Accounts for the year 
                              ended 31 March 2022. The recent acquisition 
                              of the remaining interest in Armadillo which 
                              the Group did not already own, will also take 
                              time to integrate into our sustainability targets. 
                              In view of these factors the Remuneration Committee 
                              has decided that it should postpone the introduction 
                              of ESG targets (intended to be introduced for 
                              a minority of LTIP awards) into the LTIP until 
                              next year's grant. The Committee will continue 
                              to target a range of ESG measures in the annual 
                              deferred bonus scheme. 
                              On 22 July 2021, James Gibson, Adrian Lee and 
                              John Trotman were also each granted 2,166 options 
                              under the Company's Approved Option scheme. 
                              At the date of exercise, to the extent that 
                              there is a gain on the Approved options, LTIP 
                              options will be forfeited to the same value. 
     ---------------------  ------------------------------------------------------------------------------------- 
 c)   Price(s)                Price(s)     Volume(s) 
       and volume(s)           1. GBPnil    27,617 
                                           ---------- 
                               2. GBPnil    32,404 
                                           ---------- 
                               3. GBPnil    20,989 
                                           ---------- 
                               4. GBPnil    23,935 
                                           ---------- 
     ---------------------  ------------------------------------------------------------------------------------- 
 d)   Aggregated             104,945 shares 
       information            GBPnil 
       Aggregated 
       volume Price 
     ---------------------  ------------------------------------------------------------------------------------- 
 e)   Date of the            22 July 2021 
       transaction 
     ---------------------  ------------------------------------------------------------------------------------- 
 f)   Place of               Outside a trading venue 
       the transaction 
     ---------------------  ------------------------------------------------------------------------------------- 
 

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END

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July 22, 2021 11:34 ET (15:34 GMT)

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