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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 |
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
DSHXELFBVKFZBBK
(END) Dow Jones Newswires
September 06, 2018 02:01 ET (06:01 GMT)
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