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GLO Contourglobal Plc

251.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Contourglobal Plc LSE:GLO London Ordinary Share GB00BF448H58 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% 251.00 251.00 251.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

ContourGlobal PLC Notification of transactions by PDMR and PCA (0223T)

29/06/2018 7:14am

UK Regulatory


Contourglobal (LSE:GLO)
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From Apr 2019 to Apr 2024

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TIDMGLO

RNS Number : 0223T

ContourGlobal PLC

29 June 2018

29 June 2018

ContourGlobal plc

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.

On 28 June 2018 the following awards over ordinary shares of 1 pence in ContourGlobal plc were granted under the ContourGlobal plc Long Term Incentive Plan to the following persons discharging managerial responsibilities:

 
 PDMR               No. of shares under   Type of Award 
                     Award 
 Joseph C. Brandt   391,646               Performance Share 
                                           Award structured 
                                           as a conditional 
                                           award of shares 
                   --------------------  ------------------ 
 Jean Christophe    188,585               Performance Share 
  Juillard                                 Award structured 
                                           as a nil cost 
                                           option 
                   --------------------  ------------------ 
 

The awards will ordinarily vest on the third anniversary of grant subject to the grantee's continued service and to the extent to which the performance conditions (as detailed below) set for the award are satisfied.

Each award is subject to four distinct performance conditions measuring: (i) as to 50% of each award, compounded annual growth in the Company's adjusted EBITDA; (ii) as to a further 12.5% of each award, the Company's internal rate of return on qualifying Company projects; (iii) as to a further 12.5% of each award, the number of corporate milestones completed in respect of qualifying Company projects; and (iv) as to the final 25% of each award, the Company's health and safety performance (measured by the Company's Lost Time Incident Rate). The performance conditions shall each be measured over a three-year period ending on 31 December 2020.

Details of the full notifications received by the Company are set out below.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                             Joseph C. Brandt 
     -------------------------------  ------------------------------------ 
 2    Reason for Notification 
     --------------------------------------------------------------------- 
 a)   Position/status                  President and Chief Executive 
                                        Officer 
     -------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                             ContourGlobal plc 
     -------------------------------  ------------------------------------ 
 b)   LEI                              5493002I3A4J5TFOR115 
     -------------------------------  ------------------------------------ 
 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                   Ordinary Shares of 1 pence 
       the financial instrument,        each in ContourGlobal plc 
       type of instrument               GB00BF448H58 
       Identification 
       code 
     -------------------------------  ------------------------------------ 
 b)   Nature of the transaction        Grant of a Performance Share 
                                        Award under the ContourGlobal 
                                        plc Long Term Incentive Plan. 
                                        The award is structured as 
                                        a conditional award of shares 
                                        and will ordinarily vest three 
                                        years from the date of grant, 
                                        subject to achievement of 
                                        the applicable performance 
                                        conditions. 
     -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         391,646 
                                                    ---------- 
     -------------------------------  ------------------------------------ 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------ 
 e)   Date of the transaction          28 June 2018 
     -------------------------------  ------------------------------------ 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
 a)   Name                             Jean Christophe Juillard 
     -------------------------------  ------------------------------------ 
 2    Reason for Notification 
     --------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
     -------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                             ContourGlobal plc 
     -------------------------------  ------------------------------------ 
 b)   LEI                              5493002I3A4J5TFOR115 
     -------------------------------  ------------------------------------ 
 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                   Ordinary Shares of 1 pence 
       the financial instrument,        each in ContourGlobal plc 
       type of instrument               GB00BF448H58 
       Identification 
       code 
     -------------------------------  ------------------------------------ 
 b)   Nature of the transaction        Grant of a Performance Share 
                                        Award under the ContourGlobal 
                                        plc Long Term Incentive Plan. 
                                        The award is structured as 
                                        a nil cost option over shares 
                                        and will ordinarily vest and 
                                        become exercisable three years 
                                        from the date of grant, subject 
                                        to achievement of the applicable 
                                        performance conditions. 
     -------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         Nil         188,585 
                                                    ---------- 
     -------------------------------  ------------------------------------ 
 d)        Aggregated information      Not applicable - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ------------------------------------ 
 e)   Date of the transaction          28 June 2018 
     -------------------------------  ------------------------------------ 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  ------------------------------------ 
 

Enquiries:

Investor Relations - ContourGlobal plc

Gregory Johnson

Tel: +44 (0) 207 355 7321

investor.relations@contourglobal.com

Media - Brunswick

Charles Pretzlik / Simon Maine

Tel: +44 (0) 207 404 5959

Contourglobal@brunswickgroup.com

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

DSHUKANRWAANURR

(END) Dow Jones Newswires

June 29, 2018 02:14 ET (06:14 GMT)

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