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MNZS Menzies(john) Plc

607.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Menzies(john) Plc LSE:MNZS London Ordinary Share GB0005790059 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% 607.00 607.00 608.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Menzies(John) PLC PDMR Notification (8939Z)

06/09/2018 7:01am

UK Regulatory


Menzies(john) (LSE:MNZS)
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From Apr 2019 to Apr 2024

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TIDMMNZS

RNS Number : 8939Z

Menzies(John) PLC

06 September 2018

John Menzies plc

("the "Company")

PDMR Notification

6 September 2018

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Following approval of the Company's 2018 Value Creation Plan (the "2018 VCP") at a general meeting of its ordinary and preference shareholders held on 22 August 2018, the Company has made awards under the terms of the 2018 VCP to the undernoted PDMRs.

The following notifications, made pursuant to Article 19(3) of the Market Abuse Regulation, provide further details:

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Forsyth Black 
     ------------------------------------------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               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                                                          John Menzies plc 
     ------------------------------------------------------------  ----------------------------------------------- 
 b)   LEI                                                           5493008LNN1X4R79PJ89 
     ------------------------------------------------------------  ----------------------------------------------- 
 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 
       Identification code                                               Ordinary Shares of GBP0.25 each 
 
                                                                         GB0005790059 
     ------------------------------------------------------------  ----------------------------------------------- 
 b)   Nature of the transaction                                     Award over Ordinary Shares under the 2018 VCP. 
     ------------------------------------------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)                                        Price(s)  Volume(s) 
                                                                     Nil       Such number of Ordinary Shares 
                                                                                as equals 8.346% of the Plan 
                                                                                Value on 26 January 2022; 
                                                                                8.346% of the Plan Value on 
                                                                                26 January 2023; and 8.346% 
                                                                                of the Plan Value on 26 January 
                                                                                2024. 
                                                                                For these purposes "Plan Value" 
                                                                                means 6.5% of the total return 
                                                                                generated for shareholders 
                                                                                above a total shareholder 
                                                                                return of 8% per annum (calculated 
                                                                                on a compound basis) since 
                                                                                the announcement to sell Menzies 
                                                                                Distribution. The Plan Value 
                                                                                will increase to 7.5% of the 
                                                                                total return generated for 
                                                                                shareholders above this hurdle 
                                                                                if a total shareholder return 
                                                                                of 15% per annum (calculated 
                                                                                on a compound basis) is achieved 
                                                                                over the relevant period. 
                                                                                In either case the Plan Value 
                                                                                is subject to an overall aggregate 
                                                                                cap of GBP15 million on 26 
                                                                                January 2022; GBP20 million 
                                                                                on 26 January 2023; and GBP30 
                                                                                million on 26 January 2024. 
                                                                               ----------------------------------- 
     ------------------------------------------------------------  ----------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
                                                                      N/A 
       -  Price 
     ------------------------------------------------------------  ----------------------------------------------- 
 e)   Date of the transaction                                       2018-09-05 
     ------------------------------------------------------------  ----------------------------------------------- 
 f)   Place of the transaction                                      Outside of trading venue 
     ------------------------------------------------------------  ----------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Giles Wilson 
     ------------------------------------------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               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                                                          John Menzies plc 
     ------------------------------------------------------------  ----------------------------------------------- 
 b)   LEI                                                           5493008LNN1X4R79PJ89 
     ------------------------------------------------------------  ----------------------------------------------- 
 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 
       Identification code                                               Ordinary Shares of GBP0.25 each 
 
                                                                         GB0005790059 
     ------------------------------------------------------------  ----------------------------------------------- 
 b)   Nature of the transaction                                     Award over Ordinary Shares under the 2018 VCP. 
     ------------------------------------------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)                                        Price(s)  Volume(s) 
                                                                     Nil       Such number of Ordinary Shares 
                                                                                as equals 6.587% of the Plan 
                                                                                Value on 26 January 2022; 
                                                                                6.587% of the Plan Value on 
                                                                                26 January 2023; and 6.587% 
                                                                                of the Plan Value on 26 January 
                                                                                2024. 
                                                                                For these purposes "Plan Value" 
                                                                                means 6.5% of the total return 
                                                                                generated for shareholders 
                                                                                above a total shareholder 
                                                                                return of 8% per annum (calculated 
                                                                                on a compound basis) since 
                                                                                the announcement to sell Menzies 
                                                                                Distribution. The Plan Value 
                                                                                will increase to 7.5% of the 
                                                                                total return generated for 
                                                                                shareholders above this hurdle 
                                                                                if a total shareholder return 
                                                                                of 15% per annum (calculated 
                                                                                on a compound basis) is achieved 
                                                                                over the relevant period. 
                                                                                In either case the Plan Value 
                                                                                is subject to an overall aggregate 
                                                                                cap of GBP15 million on 26 
                                                                                January 2022; GBP20 million 
                                                                                on 26 January 2023; and GBP30 
                                                                                million on 26 January 2024. 
                                                                               ----------------------------------- 
     ------------------------------------------------------------  ----------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
                                                                      N/A 
       -  Price 
     ------------------------------------------------------------  ----------------------------------------------- 
 e)   Date of the transaction                                       2018-09-05 
     ------------------------------------------------------------  ----------------------------------------------- 
 f)   Place of the transaction                                      Outside of trading venue 
     ------------------------------------------------------------  ----------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                        John Geddes 
     ----------------------------------------------------------  ----------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                             Group Company Secretary & Corporate Affairs Director 
     ----------------------------------------------------------  ----------------------------------------------------- 
 b)   Initial notification/Amendment                              Initial notification 
     ----------------------------------------------------------  ----------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                        John Menzies plc 
     ----------------------------------------------------------  ----------------------------------------------------- 
 b)   LEI                                                         5493008LNN1X4R79PJ89 
     ----------------------------------------------------------  ----------------------------------------------------- 
 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 of GBP0.25 each 
      Identification code 
                                                                       GB0005790059 
     ----------------------------------------------------------  ----------------------------------------------------- 
 b)   Nature of the transaction                                   Award over Ordinary Shares under the 2018 VCP. 
     ----------------------------------------------------------  ----------------------------------------------------- 
 c)   Price(s) and volume(s)                                      Price(s)  Volume(s) 
                                                                   Nil       Such number of Ordinary Shares 
                                                                              as equals 5.067% of the Plan 
                                                                              Value on 26 January 2022; 
                                                                              5.067% of the Plan Value on 
                                                                              26 January 2023; and 5.067% 
                                                                              of the Plan Value on 26 January 
                                                                              2024. 
                                                                              For these purposes "Plan Value" 
                                                                              means 6.5% of the total return 
                                                                              generated for shareholders 
                                                                              above a total shareholder 
                                                                              return of 8% per annum (calculated 
                                                                              on a compound basis) since 
                                                                              the announcement to sell Menzies 
                                                                              Distribution. The Plan Value 
                                                                              will increase to 7.5% of the 
                                                                              total return generated for 
                                                                              shareholders above this hurdle 
                                                                              if a total shareholder return 
                                                                              of 15% per annum (calculated 
                                                                              on a compound basis) is achieved 
                                                                              over the relevant period. 
                                                                              In either case the Plan Value 
                                                                              is subject to an overall aggregate 
                                                                              cap of GBP15 million on 26 
                                                                              January 2022; GBP20 million 
                                                                              on 26 January 2023; and GBP30 
                                                                              million on 26 January 2024. 
                                                                             ----------------------------------- 
     ----------------------------------------------------------  ----------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
                                                                    N/A 
       -  Price 
     ----------------------------------------------------------  ----------------------------------------------------- 
 e)   Date of the transaction                                     2018-09-05 
     ----------------------------------------------------------  ----------------------------------------------------- 
 f)   Place of the transaction                                    Outside of trading venue 
     ----------------------------------------------------------  ----------------------------------------------------- 
 

For further information please contact:

 
 
    John Geddes 
    Group Company Secretary & Director of Corporate     +44 (0) 131 459 
    Affairs                                              8018 
 

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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(END) Dow Jones Newswires

September 06, 2018 02:01 ET (06:01 GMT)

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