We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cobham Plc | LSE:COB | London | Ordinary Share | GB00B07KD360 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 164.50 | 164.50 | 164.55 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCOB
RNS Number : 9253S
Cobham plc
14 March 2019
14 March 2019
Cobham plc
LEI 213800A41R9NL49E5632
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Cobham plc (the "Company") announces the following transactions of Directors, persons discharging managerial responsibility or connected persons:
On 13 March 2019, the RSP Buy-out award of 55,842 shares issued to David Lockwood vested. There were no performance conditions attaching to this award as it related to deferred shares forfeited as a consequence of joining Cobham. 26,246 shares were sold to cover tax and other deductions due on that vest, at a price of 115.2 pence per share. Mr Lockwood retained the balance of 29,596 shares as required by his shareholding requirement.
1 Name of person discharging managerial responsibilities ('PDMR') / connected person (if applicable): David Lockwood ------ --------------------------------------- 2a CEO Position / status Initial notification / amendment Initial Notification 2b 3a Details of the Issuer Cobham plc 3b Legal Entity Identifier 213800A41R9NL49E5632 4a Description of financial instrument Cobham plc Ordinary 2.5p shares Identification Code GB00B07KD360 4b Nature of the transaction Sale of RSP Buy-out Share awards to cover deductions 4c Price per share 115.2 pence ------ --------------------------------------- Volume of the transaction 26,246 shares ------ --------------------------------------- ------------------------ 4d Aggregated Information Volume: 26,246 Price: GBP1.152 Total: GBP30,235.39 ------ --------------------------------------- ------------------------ 4e Date of transaction 2019 03 13 ------ --------------------------------------- ------------------------ 4f Place of Transaction London Stock Exchange XLON ------ --------------------------------------- ------------------------
As a consequence of joining Cobham, David Lockwood also forfeited shares held under a long-term incentive plan at his previous employer. A buy-out award was provided in respect of the forfeited shares, with vesting of the buy-out subject to achievement of stretching EPS performance targets for Cobham's 2018 financial year.
Based on the final EPS performance achieved in 2018, on 13 March 2019 the buy-out award vested at 54.54% of maximum, resulting in David Lockwood receiving 427,046 shares out of the 782,918 shares issued under the award. 201,168 shares were sold to cover tax and other deductions due on that vest, at a price of 115.2 pence per share. The remaining balance of 225,878 shares are subject to a further two year holding period post vesting.
In reviewing performance against the targets, the Remuneration Committee considered that it was appropriate to apply discretion to make adjustments to the underlying EPS targets and actuals. These reflected the divestments of the AvComm and Wireless test and measurement businesses, including debt repayment, and were intended to ensure that performance was measured on an equivalent like for like basis.
As a result, the 2018 adjusted EPS targets attached to the award were 5.1p at threshold, 5.6p at target and 6.7p at maximum, and the final outcome was an adjusted 2018 underlying EPS of 5.7p. For completeness, the original (unadjusted) targets were 5.6p at threshold, 6.1p at target and 7.3p at maximum.
1 Name of person discharging managerial responsibilities ('PDMR') / connected person (if applicable): David Lockwood ------ --------------------------------------- 2a CEO Position / status Initial notification / amendment Initial Notification 2b 3a Details of the Issuer Cobham plc 3b Legal Entity Identifier 213800A41R9NL49E5632 4a Description of financial instrument Cobham plc Ordinary 2.5p shares Identification Code GB00B07KD360 4b Nature of the transaction Sale of PSP Buy-out Share awards to cover deductions 4c Price per share 115.2 pence ------ --------------------------------------- Volume of the transaction 201,168 shares ------ --------------------------------------- ------------------------ 4d Aggregated Information Volume: 201,168 Price: GBP1.152 Total: GBP231,745.54 ------ --------------------------------------- ------------------------ 4e Date of transaction 2019 03 13 ------ --------------------------------------- ------------------------ 4f Place of Transaction London Stock Exchange XLON ------ --------------------------------------- ------------------------
Name of contact and telephone number for queries:
Lyn Colloff, Company Secretary
01202 857552
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
DSHBSGDXIBBBGCS
(END) Dow Jones Newswires
March 14, 2019 10:20 ET (14:20 GMT)
1 Year Cobham Chart |
1 Month Cobham Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions