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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Brady Plc | LSE:BRY | London | Ordinary Share | GB00B0188P35 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.20 | 17.40 | 19.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBRY
RNS Number : 7962X
Brady plc
01 May 2019
1 May 2019
Brady plc
("Brady" or the "Company")
Director/PDMR Shareholding
Brady plc, a leading global provider of trading, risk management and settlement solutions to the commodity and energy markets, announces that Carmen Carey, Chief Executive Officer, has been granted nil cost options over a total of 431,034 new ordinary shares of 1 pence each in the capital of the Company ("Options"), under the Company's 2015 Long Term Incentive Plan ("LTIP"), as announced on 23 September 2015. Following this grant Carmen Carey will hold a total of 431,034 Options. The Options have a two-year holding period (post vesting) and will vest subject to the achievement of certain EBITDA and EPS targets, which are detailed below.
Following these grants, there are a total of 2,134,193 outstanding Options and Awards equivalent to 2.6 per cent of the Company's issued share capital.
Performance Targets
Fifty per cent (50%) of the grant is measured against growth in Adjusted EPS and fifty per cent (50%) is measured against growth in Adjusted EBITDA. Growth in Adjusted EPS and growth in Adjusted EBITDA will be measured from the base Financial Year 2018 over three consecutive Financial Years. The Options / Awards will Vest as follows:
Growth Rate Financial Year Financial Year Vesting % of 2021 2021 Award EBITDA EPS GBP'000 (pence) --------------- --------------- --------------- ------------- Threshold % 5,160 2.13 25% Good % 5,616 2.32 50% Strong % 6,094 2.52 75% Outstanding % 6,590 2.72 100%
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1 Details of the person discharging managerial responsibilities / person closely associated a) Name (1) Carmen Carey -------------------------- ------------------------------------------- 2 Reason for the notification ----------------------------------------------------------------------- a) Position/status (1) 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 Brady plc -------------------------- ------------------------------------------- b) LEI 213800W1KBGFLDIWNO70 -------------------------- ------------------------------------------- 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 Ordinary shares of 1p each in the financial instrument, Company type of instrument Identification code GB00B0188P35 -------------------------- ------------------------------------------- b) Nature of the transaction Grant of nil cost Options over Ordinary Shares of 1 pence -------------------------- ------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) (1) Nil cost (2) 431,034 ------------------ -------------------------- ------------------------------------------- d) Aggregated information - Aggregated volume N/A - single transaction - Price -------------------------- ------------------------------------------- e) Date of the transaction 30 April 2019 -------------------------- ------------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- -------------------------------------------
For further information, please contact:
Brady plc Telephone: +44(0)1223 479479 Carmen Carey, Chief Executive Officer Martin Thorneycroft, Finance Director Cenkos Securities plc - NOMAD and Telephone: +44 (0)20 7397 Broker 8900 Mark Connelly - Corporate Finance Newgate Communications Telephone: +44 (0)20 7653 Bob Huxford/ Ian Silvera 9848
About Brady
Brady plc (BRY.L) is the largest European--headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined, soft commodities and agriculturals.
Brady has 30 years' expertise in the commodity markets and its clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, tier one banks, a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
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.
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(END) Dow Jones Newswires
May 01, 2019 10:46 ET (14:46 GMT)
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