Cranswick PLC Director/PDMR Shareholding (4265H)

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RNS Number : 4265H

Cranswick PLC

03 August 2021

Director/PDMR Shareholding

Cranswick plc ("the Company")

The Company has been notified that the following award of LTIP nil-cost options has been made, pursuant to the Cranswick plc Long Term Incentive Plan (the "Scheme"), to certain Directors/Persons Discharging Managerial Responsibility ("PDMR") over ordinary shares of 10 pence each in the Company ("Ordinary Shares"), as follows:

 
Name              No. of Ordinary Shares subject to Option 
 
Adam Couch        35,850 
Mark Bottomley    23,700 
Jim Brisby        23,700 
Chris Aldersley   23,700 
 
 

The nil-cost options were granted on 1 August 2021 in accordance with the Scheme and are based on a share price of 4044.49 pence per Ordinary Share, being the average quoted market price of the Company's shares on the three dealing days prior to the date of grant.

Vesting of the options is subject to the achievement of performance criteria based on growth in EPS (as regards 50% of the awards) and relative Total Shareholder Return (as regards 50% of each award). The targets applying to each element are as follows.

 
                                                            Target 
---------------  --------------------- 
            EPS              Threshold              Average annual % growth 
                                                          in RPI + 3% 
                 ---------------------  ----------------------------------- 
                             Maximum                Average annual % growth 
                                                          in RPI + 9% 
                 ---------------------  ----------------------------------- 
            TSR              Threshold                      Median 
                 ---------------------  ----------------------------------- 
                             Maximum                     Upper decile 
                 ---------------------  ----------------------------------- 
 

Enquiries:

Steven Glover, Company Secretary tel: [phone]

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August 03, 2021 06:53 ET (10:53 GMT)