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CRPR Cropper (james) Plc

410.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cropper (james) Plc LSE:CRPR London Ordinary Share GB0002346053 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 410.00 390.00 430.00 410.00 410.00 410.00 10 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Paper Mills 130.45M 516k 0.0540 75.93 39.17M

Cropper(James) PLC Grant of Awards under Long Term Incentive Plan (7671H)

02/08/2019 12:27pm

UK Regulatory


Cropper (james) (LSE:CRPR)
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TIDMCRPR

RNS Number : 7671H

Cropper(James) PLC

02 August 2019

2 August 2019

James Cropper Plc

(the "Company")

Grant of Awards under Long Term Incentive Plan

The Company announces that on 1 August 2019, pursuant to the Company's Long Term Incentive Plan ("LTIP"), conditional awards of ordinary shares of 25p each ("Shares"), or cash equivalent, were made to certain Directors, PDMRs and employees. The LTIP grants participating employees conditional right to become entitled to options with an exercise price of nil over Shares in the Company. Grant awards to Directors and PDMRs are set out below:

   Grant Date: 1 August 2019                       Award Reference Price: 1120.8p per Share 
 
                               Maximum Number 
                                of Shares options   Nature of conditional 
                                under LTIP award     award 
 Mark Cropper       Director   3,364                Cash award 
                   ---------  -------------------  ---------------------- 
 Phil Wild          Director   13,286               Free cost options 
                   ---------  -------------------  ---------------------- 
 Steve Adams        Director   6,993                Free cost options 
                   ---------  -------------------  ---------------------- 
 Isabelle Maddock   Director   6,993                Free cost options 
                   ---------  -------------------  ---------------------- 
 Martin Thompson    Director   6,993                Free cost options 
                   ---------  -------------------  ---------------------- 
 Dave Watson        Director   6,993                Free cost options 
                   ---------  -------------------  ---------------------- 
 Patrick Willink    Director   5,877                Cash award 
                   ---------  -------------------  ---------------------- 
 Jim Aldridge       PDMR       676                  Free cost options 
                   ---------  -------------------  ---------------------- 
 David Nicholson    PDMR       819                  Free cost options 
                   ---------  -------------------  ---------------------- 
 

Conditional cash awards ("Cash Awards") grant participating employees a conditional right to be paid a cash amount based on the proceeds of the sale of a specified number of Shares following the vesting of the award.

The LTIP options are subject to the achievement of pre-determined performance conditions and become exercisable at the end of a pre-determined holding period from the date of the award. Further details are set out in the appendix below:

Appendix

The number of options that can be awarded to any participant in a financial year under the Plan, determined by reference to Company's 20-day average mid-market share price at the time of the award, is limited to a maximum of 75% of the participant's basic salary.

The LTIP awards are subject to the achievement of certain performance conditions, specific to each participant, as set out below:

Conditions of Award for Participants

   (i)            Earnings per share conditions 

- Awards will vest in full on the third anniversary of the Award provided the growth in the Company's earnings per share, adjusted for IFRS pension adjustments, between the preceding financial year end when the award was granted and the preceding financial year end when the grant is vested exceed the increase in retail price index plus 20% per annum;

- Awards will vest at 25% on the third anniversary of the Award if the growth in the Company's earnings per share, adjusted for IFRS pension adjustments, between the preceding financial year end when the award was granted and the preceding financial year end when the grant is vested exceed the increase in retail price index plus 6.0% per annum;

- Awards will vest proportionally between 25% and 100% on the third anniversary of the Award if the growth in the Company's earnings per share, adjusted for IFRS adjustments, between the preceding financial year end when the award was granted and the preceding financial year end when the grant is vested exceed the increase in retail price index by more than 6.0% but less than 20% per annum; and

- Awards will lapse on the third anniversary of the Award if the growth in the Company's earnings per share, adjusted for IFRS pension adjustments, between the preceding financial year end when the award was granted and the preceding financial year end when the grant is vested, does not exceed the increase in retail price plus 6.0% per annum.

Enquiries:

 
 James Cropper PLC (AIM: CRPR)             Shore Capital 
  Isabelle Maddock, Group Finance           Robert Finlay, Henry Willcocks 
  Director                                  Richard Johnson 
  Jim Aldridge, Company Secretary           Tel: + 44 (0) 207 408 4090 
  Tel: +44 (0) 1539 722002 
  www.jamescropper.com 
 

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
 a)     Names                              Mark Cropper 
       ---------------------------------  --------------------------------- 
 2      Reason for the notification 
       -------------------------------------------------------------------- 
 a)     Position/status                    Director, Chairman 
       ---------------------------------  --------------------------------- 
 b)     Initial notification /Amendment    Initial Notification 
       ---------------------------------  --------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       -------------------------------------------------------------------- 
 a)     Name                               James Cropper plc 
       ---------------------------------  --------------------------------- 
 b)     LEI                                213800XM78VTDYGBRM93 
       ---------------------------------  --------------------------------- 
 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       Ordinary Shares of 25p each 
         instrument, type of instrument 
       ---------------------------------  --------------------------------- 
 b)     Identification code                GB0002346053 
       ---------------------------------  --------------------------------- 
 c)     Nature of the transaction          Granting of cash settled Share 
                                            Options under the James Cropper 
                                            plc LTIP award 
       ---------------------------------  --------------------------------- 
 d)     Price(s) and volume(s)              Price(s)   Volume(s) 
                                             0.00       3,364 
                                                       ---------- 
       ---------------------------------  --------------------------------- 
 d)     Aggregated information 
   - Aggregated volume                      3,364 
   - Price                                   0.00 
 ---------------------------------------  --------------------------------- 
 e)     Date of the transaction            1 August 2019 
       ---------------------------------  --------------------------------- 
 f)     Place of the transaction           Off Exchange 
       ---------------------------------  --------------------------------- 
 
 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
 a)     Names                              Phil Wild 
       ---------------------------------  ----------------------------------- 
 2      Reason for the notification 
       ---------------------------------------------------------------------- 
 a)     Position/status                    Director, Chief Executive Officer 
       ---------------------------------  ----------------------------------- 
 b)     Initial notification /Amendment    Initial Notification 
       ---------------------------------  ----------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------------- 
 a)     Name                               James Cropper plc 
       ---------------------------------  ----------------------------------- 
 b)     LEI                                213800XM78VTDYGBRM93 
       ---------------------------------  ----------------------------------- 
 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       Ordinary Shares of 25p each 
         instrument, type of instrument 
       ---------------------------------  ----------------------------------- 
 b)     Identification code                GB0002346053 
       ---------------------------------  ----------------------------------- 
 c)     Nature of the transaction          Granting of Share Options under 
                                            the James Cropper plc LTIP award. 
       ---------------------------------  ----------------------------------- 
 d)     Price(s) and volume(s)              Price(s)   Volume(s) 
                                             0.00       13,286 
                                                       ---------- 
       ---------------------------------  ----------------------------------- 
 d)     Aggregated information 
   - Aggregated volume                      13,286 
   - Price                                   0.00 
 ---------------------------------------  ----------------------------------- 
 e)     Date of the transaction            1 August 2019 
       ---------------------------------  ----------------------------------- 
 f)     Place of the transaction           Off Exchange 
       ---------------------------------  ----------------------------------- 
 
 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
 a)     Names                              Steve Adams 
       ---------------------------------  ---------------------------------- 
 2      Reason for the notification 
       --------------------------------------------------------------------- 
 a)     Position/status                    Director, Managing Director 
                                            of Paper Division 
       ---------------------------------  ---------------------------------- 
 b)     Initial notification /Amendment    Initial Notification 
       ---------------------------------  ---------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       --------------------------------------------------------------------- 
 a)     Name                               James Cropper plc 
       ---------------------------------  ---------------------------------- 
 b)     LEI                                213800XM78VTDYGBRM93 
       ---------------------------------  ---------------------------------- 
 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       Ordinary Shares of 25p each 
         instrument, type of instrument 
       ---------------------------------  ---------------------------------- 
 b)     Identification code                GB0002346053 
       ---------------------------------  ---------------------------------- 
 c)     Nature of the transaction          Granting of Share Options under 
                                            the James Cropper plc LTIP award 
       ---------------------------------  ---------------------------------- 
 d)     Price(s) and volume(s)              Price(s)   Volume(s) 
                                             0.00       6,993 
                                                       ---------- 
       ---------------------------------  ---------------------------------- 
 d)     Aggregated information 
   - Aggregated volume                      6,993 
   - Price                                   0.00 
 ---------------------------------------  ---------------------------------- 
 e)     Date of the transaction            1 August 2019 
       ---------------------------------  ---------------------------------- 
 f)     Place of the transaction           Off Exchange 
       ---------------------------------  ---------------------------------- 
 
 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
 a)     Names                              Isabelle Maddock 
       ---------------------------------  ---------------------------------- 
 2      Reason for the notification 
       --------------------------------------------------------------------- 
 a)     Position/status                    Director, Group Finance Director 
       ---------------------------------  ---------------------------------- 
 b)     Initial notification /Amendment    Initial Notification 
       ---------------------------------  ---------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       --------------------------------------------------------------------- 
 a)     Name                               James Cropper plc 
       ---------------------------------  ---------------------------------- 
 b)     LEI                                213800XM78VTDYGBRM93 
       ---------------------------------  ---------------------------------- 
 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       Ordinary Shares of 25p each 
         instrument, type of instrument 
       ---------------------------------  ---------------------------------- 
 b)     Identification code                GB0002346053 
       ---------------------------------  ---------------------------------- 
 c)     Nature of the transaction          Granting of Share Options under 
                                            the James Cropper plc LTIP award 
       ---------------------------------  ---------------------------------- 
 d)     Price(s) and volume(s)              Price(s)   Volume(s) 
                                             0.00       6,993 
                                                       ---------- 
       ---------------------------------  ---------------------------------- 
 d)     Aggregated information 
   - Aggregated volume                      6,993 
   - Price                                   0.00 
 ---------------------------------------  ---------------------------------- 
 e)     Date of the transaction            1 August 2019 
       ---------------------------------  ---------------------------------- 
 f)     Place of the transaction           Off Exchange 
       ---------------------------------  ---------------------------------- 
 
 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
 a)     Names                              Martin Thompson 
       ---------------------------------  ---------------------------------- 
 2      Reason for the notification 
       --------------------------------------------------------------------- 
 a)     Position/status                    Director, Managing Director 
                                            of TFP Division 
       ---------------------------------  ---------------------------------- 
 b)     Initial notification /Amendment    Initial Notification 
       ---------------------------------  ---------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       --------------------------------------------------------------------- 
 a)     Name                               James Cropper plc 
       ---------------------------------  ---------------------------------- 
 b)     LEI                                213800XM78VTDYGBRM93 
       ---------------------------------  ---------------------------------- 
 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       Ordinary Shares of 25p each 
         instrument, type of instrument 
       ---------------------------------  ---------------------------------- 
 b)     Identification code                GB0002346053 
       ---------------------------------  ---------------------------------- 
 c)     Nature of the transaction          Granting of Share Options under 
                                            the James Cropper plc LTIP award 
       ---------------------------------  ---------------------------------- 
 d)     Price(s) and volume(s)              Price(s)   Volume(s) 
                                             0.00       6,993 
                                                       ---------- 
       ---------------------------------  ---------------------------------- 
 d)     Aggregated information 
   - Aggregated volume                      6,993 
   - Price                                   0.00 
 ---------------------------------------  ---------------------------------- 
 e)     Date of the transaction            1 August 2019 
       ---------------------------------  ---------------------------------- 
 f)     Place of the transaction           Off Exchange 
       ---------------------------------  ---------------------------------- 
 
 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
 a)     Names                          Dave Watson 
       -----------------------------  ------------------------------------- 
 2      Reason for the notification 
       -------------------------------------------------------------------- 
 a)     Position/status                Director, Chief Operations Officer 
       -----------------------------  ------------------------------------- 
 b)     Initial notification           Initial Notification 
         /Amendment 
       -----------------------------  ------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       -------------------------------------------------------------------- 
 a)     Name                           James Cropper plc 
       -----------------------------  ------------------------------------- 
 b)     LEI                            213800XM78VTDYGBRM93 
       -----------------------------  ------------------------------------- 
 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             Ordinary Shares of 25p each 
         financial instrument, 
         type of instrument 
       -----------------------------  ------------------------------------- 
 b)     Identification code            GB0002346053 
       -----------------------------  ------------------------------------- 
 c)     Nature of the transaction      Granting of Share Options under the 
                                        James Cropper plc LTIP award 
       -----------------------------  ------------------------------------- 
 d)     Price(s) and volume(s)          Price(s)   Volume(s) 
                                         0.00       6,993 
                                                   ---------- 
       -----------------------------  ------------------------------------- 
 d)     Aggregated information 
   - Aggregated volume                  6,993 
   - Price                               0.00 
 -----------------------------------  ------------------------------------- 
 e)     Date of the transaction        1 August 2019 
       -----------------------------  ------------------------------------- 
 f)     Place of the transaction       Off Exchange 
       -----------------------------  ------------------------------------- 
 
 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
 a)     Names                        Patrick Willink 
       ---------------------------  ---------------------------------------- 
 2      Reason for the notification 
       --------------------------------------------------------------------- 
 a)     Position/status              Director, Chief Technology Officer 
       ---------------------------  ---------------------------------------- 
 b)     Initial notification         Initial Notification 
         /Amendment 
       ---------------------------  ---------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       --------------------------------------------------------------------- 
 a)     Name                         James Cropper plc 
       ---------------------------  ---------------------------------------- 
 b)     LEI                          213800XM78VTDYGBRM93 
       ---------------------------  ---------------------------------------- 
 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           Ordinary Shares of 25p each 
         financial instrument, 
         type of instrument 
       ---------------------------  ---------------------------------------- 
 b)     Identification code          GB0002346053 
       ---------------------------  ---------------------------------------- 
 c)     Nature of the transaction    Granting of cash settled Share Options 
                                      under the James Cropper plc LTIP award 
       ---------------------------  ---------------------------------------- 
 d)     Price(s) and volume(s)        Price(s)   Volume(s) 
                                       0.00       5,877 
                                                 ---------- 
       ---------------------------  ---------------------------------------- 
 d)     Aggregated information 
   - Aggregated volume                5,877 
   - Price                             0.00 
 ---------------------------------  ---------------------------------------- 
 e)     Date of the transaction      1 August 2019 
       ---------------------------  ---------------------------------------- 
 f)     Place of the transaction     Off Exchange 
       ---------------------------  ---------------------------------------- 
 
 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
 a)     Names                              Jim Aldridge 
       ---------------------------------  --------------------------------- 
 2      Reason for the notification 
       -------------------------------------------------------------------- 
 a)     Position/status                    PDMR, Company Secretary 
       ---------------------------------  --------------------------------- 
 b)     Initial notification /Amendment    Initial Notification 
       ---------------------------------  --------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       -------------------------------------------------------------------- 
 a)     Name                               James Cropper plc 
       ---------------------------------  --------------------------------- 
 b)     LEI                                213800XM78VTDYGBRM93 
       ---------------------------------  --------------------------------- 
 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       Ordinary Shares of 25p each 
         instrument, type of instrument 
       ---------------------------------  --------------------------------- 
 b)     Identification code                GB0002346053 
       ---------------------------------  --------------------------------- 
 c)     Nature of the transaction          Granting of cash settled Share 
                                            Options under the James Cropper 
                                            plc LTIP award 
       ---------------------------------  --------------------------------- 
 d)     Price(s) and volume(s)              Price(s)   Volume(s) 
                                             0.00       676 
                                                       ---------- 
       ---------------------------------  --------------------------------- 
 d)     Aggregated information 
   - Aggregated volume                      676 
   - Price                                   0.00 
 ---------------------------------------  --------------------------------- 
 e)     Date of the transaction            1 August 2019 
       ---------------------------------  --------------------------------- 
 f)     Place of the transaction           Off Exchange 
       ---------------------------------  --------------------------------- 
 
 
        Details of the person discharging managerial responsibilities 
   1     / person closely associated 
 a)     Names                              David Nicholson 
       ---------------------------------  --------------------------------- 
 2      Reason for the notification 
       -------------------------------------------------------------------- 
 a)     Position/status                    PDMR, Group HR Director 
       ---------------------------------  --------------------------------- 
 b)     Initial notification /Amendment    Initial Notification 
       ---------------------------------  --------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       -------------------------------------------------------------------- 
 a)     Name                               James Cropper plc 
       ---------------------------------  --------------------------------- 
 b)     LEI                                213800XM78VTDYGBRM93 
       ---------------------------------  --------------------------------- 
 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       Ordinary Shares of 25p each 
         instrument, type of instrument 
       ---------------------------------  --------------------------------- 
 b)     Identification code                GB0002346053 
       ---------------------------------  --------------------------------- 
 c)     Nature of the transaction          Granting of cash settled Share 
                                            Options under the James Cropper 
                                            plc LTIP award 
       ---------------------------------  --------------------------------- 
 d)     Price(s) and volume(s)              Price(s)   Volume(s) 
                                             0.00       819 
                                                       ---------- 
       ---------------------------------  --------------------------------- 
 d)     Aggregated information 
   - Aggregated volume                      819 
   - Price                                   0.00 
 ---------------------------------------  --------------------------------- 
 e)     Date of the transaction            1 August 2019 
       ---------------------------------  --------------------------------- 
 f)     Place of the transaction           Off Exchange 
       ---------------------------------  --------------------------------- 
 

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

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August 02, 2019 07:27 ET (11:27 GMT)

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