Marston's PLC Director/PDMR Shareholding (9614B)

TIDMMARS

RNS Number : 9614B

Marston's PLC

22 June 2016

Notification of interests of directors

22 June 2016

The Company announces that on 21 June 2016, the Directors and Person Discharging Managerial Responsibilities (PDMR) listed below were granted awards over ordinary shares in the Company under the Company's 2014 Long Term Incentive Plan with HM Revenue & Customs (HMRC) Approved Schedules (the "Plan"). The awards were granted on 21 June 2016 calculated using the market price at the close of trading on the London Stock Exchange on 21 June 2016 of 148.3 pence per ordinary share.

Awards under the Plan are structured as Approved Performance Share Plan Awards. This year the Awards made to the Directors and PDMR are in the form of an LTIP Award only, having already utilised their GBP30,000 approved option limit.

Subject to the satisfaction of the performance metrics which are based on a combination of Cash Return On Cash Capital Employed (CROCCE), Free Cash Flow (FCF) and Relative Total Shareholder Return; the LTIP Awards will vest and become exercisable in three years.

 
 Name                Designation    Number of shares 
                                     subject to LTIP 
                                     Award 
------------------  -------------  ----------------- 
 Andrew Andrea       Director       278,995 
------------------  -------------  ----------------- 
 Peter Dalzell       Director       257,080 
------------------  -------------  ----------------- 
 Ralph Findlay       Director       447,572 
------------------  -------------  ----------------- 
 Richard Westwood    PDMR           179,772 
------------------  -------------  ----------------- 
 

The notification of these transactions is made pursuant to DTR 3.1.4R (1)(a) and is also deemed to be disclosure made in accordance with Section 793 of the Companies Act 2006 where appropriate.

Enquiries: Anne-Marie Brennan, Group Secretary, Marston's PLC, [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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June 22, 2016 06:23 ET (10:23 GMT)