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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
De La Rue Plc | LSE:DLAR | London | Ordinary Share | GB00B3DGH821 | ORD 44 152/175P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.40 | 1.67% | 85.40 | 84.40 | 85.80 | 85.00 | 83.00 | 83.00 | 291,533 | 16:35:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Printing, Nec | 349.7M | -55.9M | -0.2854 | -2.98 | 166.5M |
TIDMDLAR
RNS Number : 2720T
De La Rue PLC
16 July 2020
De La Rue plc
Director/PDMR Shareholding
Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them
16 July 2020
De La Rue plc (the "Company") announces a change in the interests of Clive Vacher, an Executive Director and Person Discharging Managerial Responsibilities ("PDMR") of the Company, in ordinary shares of 44 (152/175) p in the capital of the Company ("Shares").
De La Rue Performance Share Plan ("PSP")
In accordance with the PSP, Mr. Vacher was granted a nil-cost option (the "Option") over 340,187 Shares on 14 July 2020 ("Award Date") subject to the rules of the PSP. The number of Shares awarded was calculated by reference to a price of 132.28 pence being the average of the Company's middle market closing price for a Share for the five consecutive dealing days commencing on 7 July 2020.
The Option was granted subject to performance conditions measured over a three-year performance period as outlined below.
Minimum Threshold Maximum 0% 25% 100% ---- ------------- ---------- --------------- Average annual cumulative EPS Growth 50% <11% 11-19.2% 19.2% ---- ------------- ---------- --------------- TSR vs FTSE 250 constituents (3 year average) 50% Below Median Median Upper Quartile ---- ------------- ---------- ---------------
As always, the Remuneration Committee will consider the outcome of these performance measures and would make an adjustment to the formulaic outcome if it believes that there is misalignment with the Group's strategic goals or shareholder interests or in the event that it believed the achievement represented an inappropriate windfall gain.
The Option will vest subject to the satisfaction of the performance conditions relating to the Option and the rules of the PSP.
In line with the UK Corporate Governance Code, the Option will be subject to an aggregate vesting and holding period of five years.
The number of Shares shown below represents the maximum that may be acquired if all performance conditions are achieved in full. The Company may also transfer additional Shares to reflect the value of dividends that would have been paid on the Shares in respect of which the Option vests over the period between the Award Date and the end of the post-vesting holding period.
The relevant notification set out below is provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Clive Vacher ----------------------------- ---------------------------------------------- 2 Reason for the notification ----------------------------------------------------------------------------- a) Position/status Executive Director/Chief Executive Officer ----------------------------- ---------------------------------------------- b) Initial notification Initial Notification /Amendment ----------------------------- ---------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------- a) Name De La Rue plc ----------------------------- ---------------------------------------------- b) LEI 213800DH741LZWIJXP78 ----------------------------- ---------------------------------------------- 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 44 (152/175) p instrument, type of instrument GB00B3DGH821 Identification code ----------------------------- ---------------------------------------------- b) Nature of the transaction Grant of a nil-cost option over 340,187Shares under the rules of the Performance Share Plan. ----------------------------- ---------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) GBP0.00 340,187 ---------- ----------------------------- ---------------------------------------------- d) Aggregated information N/A - Aggregated volume - Price - Aggregated total ----------------------------- ---------------------------------------------- e) Date of the transaction 14 July 2020 ----------------------------- ---------------------------------------------- f) Place of the transaction London, outside a trading venue ----------------------------- ----------------------------------------------
Jane Hyde, Company Secretary
Contact Number: 01256 605212
16 July 2020
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
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.
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July 16, 2020 12:12 ET (16:12 GMT)
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