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BNZL Bunzl Plc

3,034.00
-54.00 (-1.75%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bunzl Plc LSE:BNZL London Ordinary Share GB00B0744B38 ORD 32 1/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -54.00 -1.75% 3,034.00 3,024.00 3,026.00 3,072.00 3,002.00 3,062.00 1,516,302 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 11.8B 526.2M 1.5570 19.43 10.23B

Bunzl PLC Director/PDMR Shareholding (0368M)

11/09/2019 5:41pm

UK Regulatory


TIDMBNZL

RNS Number : 0368M

Bunzl PLC

11 September 2019

Notification of transactions by person discharging managerial responsibilities

 
 1    Details of the person discharging managerial responsibilities 
 a)   Name                                   Richard Howes 
     --------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer designate 
     --------------------------  ------------------------------------------ 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                        Bunzl plc 
     --------------------------  ------------------------------------------ 
 b)   LEI                         213800Q1Q9DV4L78UM09 
     --------------------------  ------------------------------------------ 
 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 instrument,        Ordinary shares of 32 1/7 pence each 
       type of instrument 
                                    GB00B0744B38 
       Identification code 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Grant of three nil cost option awards 
                                   under a share award agreement entered 
                                   into in respect of terms agreed in 
                                   relation to Richard Howes' recruitment 
                                   and in recognition of forfeited Inchcape 
                                   plc share-based awards. 
 
                                   The following normal vesting dates 
                                   apply: (i) 26 May 2020 for award 
                                   A; (ii) 10 April 2021 for award B 
                                   and (iii) 11 April 2022 for award 
                                   C. 
 
                                   Award A is subject to Inchcape plc 
                                   EPS and ROCE performance conditions 
                                   and performance period as set for 
                                   awards granted by Inchcape plc on 
                                   26 May 2017 and 27 June 2017 under 
                                   its executive plans. Award A cannot 
                                   vest as to greater than one-half 
                                   of its total award shares. 
 
                                   Awards B and C are subject to the 
                                   same Bunzl plc EPS and TSR performance 
                                   conditions and performance periods 
                                   set for awards granted to senior 
                                   exectuives on 9 April 2018 and 8 
                                   April 2019 respectively under Part 
                                   B of the Bunzl Long Term Incentive 
                                   Plan (2014). 
 
                                   Common terms: (i) risk of forfeiture 
                                   (ii) two-year post vesting holding 
                                   period (on a net of tax basis); (iii) 
                                   malus and clawback provisions and 
                                   (iv) limited to settlement with existing 
                                   shares (not being treasury shares). 
 
                                   The share award agreement was entered 
                                   into pursuant to Rule 9.4.2(2) of 
                                   the FCA Listing Rules. 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
 
                                      Nil        A. 39,538 (maxiumum 
                                                 vesting capped 
                                                 at 19,769) 
                                                 B. 46,824 
                                                 C. 59,112 
                                               --------------------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume          145,474 (maximum vesting capped at 
                                    125,705) 
 
       - Price 
                                    Nil 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     2019-09-11 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    Outside of a trading venue 
     --------------------------  ------------------------------------------ 
 

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.

END

DSHQFLFFKKFXBBE

(END) Dow Jones Newswires

September 11, 2019 12:41 ET (16:41 GMT)

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