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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lonmin Plc | LSE:LMI | London | Ordinary Share | GB00BYSRJ698 | ORD USD0.0001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 75.60 | 73.70 | 74.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLMI
RNS Number : 4978C
Lonmin PLC
13 April 2017
13 April 2017
Lonmin Plc
Director/PDMR shareholding
Pursuant to Article 19 of the EU Market Abuse Regulation, Lonmin Plc (the "Company") provides notification of the grant of nil-cost share awards granted on 13 April 2017 under the Company's Long Term Incentive Plan ("LTIP Awards") to Ben Magara, Chief Executive Officer and Barrie van der Merwe, Chief Financial Officer.
The LTIP Awards are subject to a performance condition comprising two metrics, each assessed independently:
-- CROIC (Cash Return On Invested Capital) averaged over three financial years. This measures net operating profit after tax (eliminating the impact of depreciation and impairment compared to invested capital); and
-- TSR (Total Shareholder Return) measured over a three year period relative to the median of a comparator group comprising PGM mining peers, all of whom operate principally in South Africa. Following feedback from shareholders, the Remuneration Committee has amended the vesting schedule (as outlined in the Company's Annual Report and Accounts 2016) to eliminate any vesting below median performance.
The notification forms below, made in accordance with the EU Market Abuse Regulation, provide further detail.
1 Details of the person discharging managerial responsibilities/person closely associated --- --------------------------------------------------------------------- a) Name Ben Magara --- ------------------------------- ------------------------------------ 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 Lonmin Plc --- ------------------------------- ------------------------------------ b) LEI 213800FGJZ2WAC6Y2L94 --- ------------------------------- ------------------------------------ 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 Ordinary Shares of $0.0001 the financial instrument, each type of instrument ISIN: GB00BYSRJ698 Identification code --- ------------------------------- ------------------------------------ b) Nature of the transaction Grant of award under the Long Term Incentive Plan --- ------------------------------- ------------------------------------ c) Prices(s) and volume(s) Price(s) Volume(s) ---------- ---------- Nil 597,015 ---------- ---------- --- ------------------------------- ------------------------------------ d) Aggregated information Aggregate Aggregate Aggregate price volume total ---------- ---------- ---------- Nil 597,015 Nil ---------- ---------- ---------- --- ------------------------------- ------------------------------------ e) Date of the transaction 2017-04-13 --- ------------------------------- ------------------------------------ f) Place of the transaction N/A --- ------------------------------- ------------------------------------ 1 Details of the person discharging managerial responsibilities/person closely associated --- --------------------------------------------------------------------- a) Name Barrie van der Merwe --- ------------------------------- ------------------------------------ 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 Lonmin Plc --- ------------------------------- ------------------------------------ b) LEI 213800FGJZ2WAC6Y2L94 --- ------------------------------- ------------------------------------ 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 Ordinary Shares of $0.0001 the financial instrument, each type of instrument ISIN: GB00BYSRJ698 Identification code --- ------------------------------- ------------------------------------ b) Nature of the transaction Grant of award under the Long Term Incentive Plan --- ------------------------------- ------------------------------------ c) Prices(s) and volume(s) Price(s) Volume(s) ---------- ---------- Nil 317,792 ---------- ---------- --- ------------------------------- ------------------------------------ d) Aggregated information Aggregate Aggregate Aggregate price volume total ---------- ---------- ---------- Nil 317,792 Nil ---------- ---------- ---------- --- ------------------------------- ------------------------------------ e) Date of the transaction 2017-04-13 --- ------------------------------- ------------------------------------ f) Place of the transaction N/A --- ------------------------------- ------------------------------------
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBSGDSGSBBGRX
(END) Dow Jones Newswires
April 13, 2017 11:00 ET (15:00 GMT)
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