ContourGlobal PLC Director/PDMR Shareholding (9185V)

TIDMGLO

RNS Number : 9185V

ContourGlobal PLC

12 August 2022

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 11 August 2022, the following deferred bonus 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 
 Stefan L. Schellinger   18,911                Deferred Bonus Award 
                                                structured as a conditional 
                                                award of shares 
                        --------------------  ----------------------------- 
 

The award is structured as a conditional award of shares and will ordinarily vest on 1(st) March 2024. Pursuant to the Company's remuneration policy requiring that any bonus in excess of 50% of maximum be deferred into shares for a period of two years, the deferred bonus award represents a deferral of 18.4% of the bonus amount determined for Mr. Schellinger for the 2021 bonus year.

As previously disclosed, the President & CEO waived his annual bonus for the 2021 bonus year.

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

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                             Stefan L. Schellinger 
     -------------------------------  ------------------------------------------- 
      Reason for Notification 
  2 
     ---------------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
     -------------------------------  ------------------------------------------- 
 b)   Initial notification/Amendment   Initial Announcement 
     -------------------------------  ------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                             ContourGlobal plc 
     -------------------------------  ------------------------------------------- 
 b)   LEI                              5493002I3A4J5TFOR115 
     -------------------------------  ------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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 1 pence each in 
       financial instrument,            ContourGlobal plc 
       type of instrument 
      Identification code              GB00BF448H58 
     -------------------------------  ------------------------------------------- 
 b)   Nature of the transaction        Grant of a deferred bonus award under 
                                        the ContourGlobal plc Long Term Incentive 
                                        Plan. The award is structured as a 
                                        conditional award of shares and will 
                                        ordinarily vest on 1(st) March 2024. 
     -------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)                       Price(s)    Volume(s) 
                                                    Nil         18,911 
                                                               ---------- 
     -------------------------------  ------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume      Not applicable - single transaction 
 
 
             *    Price 
     -------------------------------  ------------------------------------------- 
 e)   Date of the transaction          11 August 2022 
     -------------------------------  ------------------------------------------- 
 f)   Place of the transaction         Outside a trading venue (XOFF) 
     -------------------------------  ------------------------------------------- 
 

LDC Nominee Secretary Limited

Company Secretary

12 August 2022

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August 12, 2022 11:40 ET (15:40 GMT)