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Share Name Share Symbol Market Type Share ISIN Share Description
Imperial Brands Plc LSE:IMB London Ordinary Share GB0004544929 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.40 0.33% 1,327.00 1,326.60 1,327.80 1,345.60 1,307.60 1,333.20 930,739 13:54:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Tobacco 31,594.0 1,690.0 106.0 12.5 12,696

Imperial Brands PLC Director/PDMR Shareholding

18/02/2020 1:10pm

UK Regulatory (RNS & others)


Imperial Brands (LSE:IMB)
Historical Stock Chart

2 Months : From Jan 2020 to Mar 2020

Click Here for more Imperial Brands Charts.

TIDMIMB

RNS Number : 3706D

Imperial Brands PLC

18 February 2020

Directors and Persons Discharging Managerial Responsibility ("PDMRs") Interests

Imperial Brands PLC (the "Company") Long Term Incentive Plan

On 17 February 2020, the Company made the following grant of awards under the Imperial Brands Long Term Incentive Plan (the "LTIP") to PDMRs:

 
 PDMR                No. of LTIP awards granted 
 Oliver Tant         102,739 
                    --------------------------- 
 Walter Prinz        53,253 
                    --------------------------- 
 Dominic Brisby      55,890 
                    --------------------------- 
 Joerg Biebernick    53,150 
                    --------------------------- 
 David Newns         24,657 
                    --------------------------- 
 

The Remuneration Committee is cognisant of the current share price and the impact this has on the number of shares awarded if the same percentage of salary was maintained as in previous years. On this occasion the Remuneration Committee has decided that shareholder interests are best served by making awards linked to a percentage of base salary in line with previous years.

Further to the commitment in its Annual Report and Accounts 2019, the Company confirms that the performance measures in respect of the Annual Imperial Brands LTIP grant made on 17 February 2020 will be:

Earnings per Share Element

This criterion is used for 40 per cent of the award with the following vesting schedule:

 
 Compound annual adjusted EPS growth(*)    Shares vesting (as 
                                            a percentage of element) 
 Less than 2% per annum                    nil 
                                          -------------------------- 
 2% per annum                              25% 
                                          -------------------------- 
 2% to 6% per annum                        Between 25% and 100% 
                                            (pro rata) 
                                          -------------------------- 
 6% per annum or higher                    100% 
                                          -------------------------- 
 

*As per the Remuneration Committee's decision in 2014, and all awards since 2015, EPS growth and net revenue growth are measured at constant currency.

Total Net Revenue Growth Element

The net revenue growth criterion is used for 40 per cent of the award with the following vesting schedule:

 
 Compound annual growth in net revenue(**)    Shares vesting (as 
                                               a percentage of element) 
 Less than 1% per annum                       nil 
                                             -------------------------- 
 1% per annum                                 25% 
                                             -------------------------- 
 1% to 4% per annum                           Between 25% and 100% 
                                               (pro rata) 
                                             -------------------------- 
 4% per annum or higher                       100% 
                                             -------------------------- 
 

**As per the Remuneration Committee's decision in 2014, and all awards since 2015, EPS growth and net revenue growth are measured at constant currency.

Total Shareholder Return Element

The relative total shareholder return ("TSR") criterion is used for 20 per cent of the award. The peer group used for the assessment of relative TSR now reflects a more relevant group of companies in the consumer goods sector. The companies in the revised peer group are:

 
 Altria Group        Anheuser-Busch   Beiersdorf       British American   Brown-Forman 
                      InBev                             Tobacco 
 Carlsberg           Clorox           Constellation    Diageo             Heineken 
                                       Brands 
                    ---------------  ---------------  -----------------  ----------------- 
 Henkel              Japan Tobacco    Kimberly-Clark   Kirin Holdings     L'Oreal 
                    ---------------  ---------------  -----------------  ----------------- 
 Monster Beverage    Pernod Ricard    Pepsico          Philip Morris      Procter & Gamble 
                                                        International 
                    ---------------  ---------------  -----------------  ----------------- 
 Reckitt Benckiser   Swedish Match    Uni Charm        Unilever PLC 
  Group 
                    ---------------  ---------------  -----------------  ----------------- 
 

Vesting of awards on this element would occur as per the vesting schedule below:

 
 Relative TSR performance             Shares vesting (as 
                                       percentage of element) 
 Below median of peer group           nil 
                                     ------------------------ 
 At median of peer group              25% 
                                     ------------------------ 
 Between median and upper quartile    Between 25% and 100% 
                                       (pro rata) 
                                     ------------------------ 
 At or above upper quartile           100% 
                                     ------------------------ 
 

Each element operates independently and is capable of vesting regardless of the Company's performance in respect of the other elements.

The Remuneration Committee retains the discretion under the rules of the plan to reduce the level of vesting determined by an assessment of the performance conditions, if it is considered to be appropriate having regard to such factors as the Committee considers relevant

There is no opportunity to retest if any of the performance criteria are not achieved.

Details of individual awards are provided below:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         OLIVER REGINALD TANT 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              EXECUTIVE DIRECTOR - CHIEF FINANCIAL 
                                    OFFICER 
     ---------------------------  -------------------------------------- 
 b)   Initial notification 
       /Amendment                    INITIAL NOTIFICATION 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         IMPERIAL BRANDS PLC 
     ---------------------------  -------------------------------------- 
 b)   LEI                          549300DFVPOB67JL3A42 
     ---------------------------  -------------------------------------- 
 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 instrument,         ORDINARY SHARES 
       type of instrument 
 
       Identification code           GB0004544929 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    LAPSING OF AWARD UNDER LONG TERM 
                                    INCENTIVE PLAN 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)          Volume(s) 
 
                                       Not Applicable    LAPSED 47,049 
                                                       --------------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           LAPSED 47,049 
 
       - Price                       NOT APPLICABLE 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      17 FEBRUARY 2020 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     OUTSIDE A TRADING VENUE 
     ---------------------------  -------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         OLIVER REGINALD TANT 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              EXECUTIVE DIRECTOR - CHIEF FINANCIAL 
                                    OFFICER 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         INITIAL NOTIFICATION 
       /Amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         IMPERIAL BRANDS PLC 
     ---------------------------  -------------------------------------- 
 b)   LEI                          549300DFVPOB67JL3A42 
     ---------------------------  -------------------------------------- 
 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 instrument, 
       type of instrument            ORDINARY SHARES 
 
       Identification code           GB0004544929 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    CONDITIONAL AWARD GRANTED UNDER LONG 
                                    TERM INCENTIVE PLAN 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)           Volume(s) 
 
                                       NOT APPLICABLE     102,739 
                                                        ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           102,739 
 
       - Price                       NOT APPLICABLE 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      17 FEBRUARY 2020 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     OUTSIDE A TRADING VENUE 
     ---------------------------  -------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         WALTER NORBERT PRINZ 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              PDMR - GROUP MANUFACTURING AND SUPPLY 
                                    CHAIN DIRECTOR 
     ---------------------------  -------------------------------------- 
 b)   Initial notification 
       /Amendment                    INITIAL NOTIFICATION 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         IMPERIAL BRANDS PLC 
     ---------------------------  -------------------------------------- 
 b)   LEI                          549300DFVPOB67JL3A42 
     ---------------------------  -------------------------------------- 
 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 instrument, 
       type of instrument            ORDINARY SHARES 
 
       Identification code           GB0004544929 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    LAPSING OF AWARD UNDER LONG TERM 
                                    INCENTIVE PLAN 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)          Volume(s) 
 
                                       Not Applicable    LAPSED 17,947 
                                                       --------------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           LAPSED 17,947 
 
       - Price                       NOT APPLICABLE 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      17 February 2020 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     OUTSIDE A TRADING VENUE 
     ---------------------------  -------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         WALTER NORBERT PRINZ 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              PDMR - GROUP MANUFACTURING AND SUPPLY 
                                    CHAIN DIRECTOR 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         INITIAL NOTIFICATION 
       /Amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         IMPERIAL BRANDS PLC 
     ---------------------------  -------------------------------------- 
 b)   LEI                          549300DFVPOB67JL3A42 
     ---------------------------  -------------------------------------- 
 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 instrument, 
       type of instrument            ORDINARY SHARES 
 
       Identification code           GB0004544929 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    CONDITIONAL AWARD GRANTED UNDER LONG 
                                    TERM INCENTIVE PLAN 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)           Volume(s) 
 
                                       NOT APPLICABLE     53,253 
                                                        ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           53,253 
 
       - Price                       NOT APPLICABLE 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      17 FEBRUARY 2020 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     OUTSIDE A TRADING VENUE 
     ---------------------------  -------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        DOMINIC JAMES BRISBY 
     --------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status             PDMR - JOINT INTERIM CHIEF EXECUTIVE 
                                   OFFICER AND DIVISION DIRECTOR, AMERICAS, 
                                   AFRICA, ASIA & AUSTRALASIA 
     --------------------------  ------------------------------------------ 
 b)   Initial notification 
       /Amendment                   INITIAL NOTIFICATION 
     --------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                        IMPERIAL BRANDS PLC 
     --------------------------  ------------------------------------------ 
 b)   LEI                         549300DFVPOB67JL3A42 
     --------------------------  ------------------------------------------ 
 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 instrument, 
       type of instrument           ORDINARY SHARES 
 
       Identification code          GB0004544929 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   LAPSING OF AWARD UNDER LONG TERM 
                                   INCENTIVE PLAN 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)          Volume(s) 
 
                                      Not Applicable    LAPSED 16,061 
                                                      --------------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume          LAPSED 16,061 
 
       - Price                      NOT APPLICABLE 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     17 FEBRUARY 2020 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    OUTSIDE A TRADING VENUE 
     --------------------------  ------------------------------------------ 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        DOMINIC JAMES BRISBY 
     --------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status             PDMR - JOINT INTERIM CHIEF EXECUTIVE 
                                   OFFICER AND DIVISION DIRECTOR, AMERICAS, 
                                   AFRICA, ASIA & AUSTRALASIA 
     --------------------------  ------------------------------------------ 
 b)   Initial notification        INITIAL NOTIFICATION 
       /Amendment 
     --------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                        IMPERIAL BRANDS PLC 
     --------------------------  ------------------------------------------ 
 b)   LEI                         549300DFVPOB67JL3A42 
     --------------------------  ------------------------------------------ 
 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 instrument,        ORDINARY SHARES 
       type of instrument 
 
       Identification code          GB0004544929 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   CONDITIONAL AWARD GRANTED UNDER LONG 
                                   TERM INCENTIVE PLAN 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)           Volume(s) 
 
                                      NOT APPLICABLE     55,890 
                                                       ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume          55,890 
 
       - Price                      NOT APPLICABLE 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     17 FEBRUARY 2020 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    OUTSIDE A TRADING VENUE 
     --------------------------  ------------------------------------------ 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        JOERG BIEBERNICK 
     --------------------------  --------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status             PDMR - JOINT INTERIM CHIEF EXECUTIVE 
                                   OFFICER AND DIVISION DIRECTOR, EUROPE 
     --------------------------  --------------------------------------- 
 b)   Initial notification        INITIAL NOTIFICATION 
       /Amendment 
     --------------------------  --------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                        IMPERIAL BRANDS PLC 
     --------------------------  --------------------------------------- 
 b)   LEI                         549300DFVPOB67JL3A42 
     --------------------------  --------------------------------------- 
 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 instrument,        ORDINARY SHARES 
       type of instrument 
 
       Identification code          GB0004544929 
     --------------------------  --------------------------------------- 
 b)   Nature of the transaction   CONDITIONAL AWARD GRANTED UNDER LONG 
                                   TERM INCENTIVE PLAN 
     --------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)           Volume(s) 
 
                                      NOT APPLICABLE     53,150 
                                                       ---------- 
     --------------------------  --------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          53,150 
 
       - Price                      NOT APPLICABLE 
     --------------------------  --------------------------------------- 
 e)   Date of the transaction     17 FEBRUARY 2020 
     --------------------------  --------------------------------------- 
 f)   Place of the transaction    OUTSIDE A TRADING VENUE 
     --------------------------  --------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         DAVID THOMAS NEWNS 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              PDMR - GROUP INNOVATION AND SCIENCE 
                                    DIRECTOR 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         INITIAL NOTIFICATION 
       /Amendment 
     ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         IMPERIAL BRANDS PLC 
     ---------------------------  -------------------------------------- 
 b)   LEI                          549300DFVPOB67JL3A42 
     ---------------------------  -------------------------------------- 
 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 instrument,         ORDINARY SHARES 
       type of instrument 
 
       Identification code           GB0004544929 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    CONDITIONAL AWARD GRANTED UNDER LONG 
                                    TERM INCENTIVE PLAN 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)           Volume(s) 
 
                                       NOT APPLICABLE     24,657 
                                                        ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           24,657 
 
       - Price                       NOT APPLICABLE 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      17 FEBRUARY 2020 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     OUTSIDE A TRADING VENUE 
     ---------------------------  -------------------------------------- 
 

Trevor Williams

Deputy Company Secretary

Copies of our announcements are available on our website: www.imperialbrandsplc.com/Investors/Stock-Exchange-announcements

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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