Marston's PLC Director/PDMR Shareholding (4358K)

TIDMMARS

RNS Number : 4358K

Marston's PLC

13 December 2018

Notification of interests of directors

13 December 2018

The Company announces that on 12 December 2018, 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 (the "Plan"). The awards were granted on 12 December 2018 calculated using the market price at the close of trading on the London Stock Exchange on 12 December 2018 of 99.8 pence per ordinary share.

The awards will vest subject to the satisfaction of 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 assessed over the Company's 2018/2019, 2019/2020 and 2020/2021 financial years. To the extent an award vests, it will be released (so that the participant is entitled to acquire the shares) following the end of a further two year holding period.

 
 Name                Designation    Number of shares 
                                     subject to LTIP 
                                     Award) 
 Andrew Andrea       Director       473,033 
                    -------------  ----------------- 
 Ralph Findlay       Director       706,287 
                    -------------  ----------------- 
 Richard Westwood    PDMR           277,929 
                    -------------  ----------------- 
 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

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

 
 1.    Details of PDMR / PCA (person closely associated) 
 (a)   Name                        Andrew Andrea 
      --------------------------  ------------------------------------------------- 
 (b)   Position/status             Director and PDMR (Chief Financial and Corporate 
                                    Development Officer) 
      --------------------------  ------------------------------------------------- 
 (c)   Initial notification/       Initial notification 
        amendment 
      --------------------------  ------------------------------------------------- 
 2.    Details of the issuer 
      ----------------------------------------------------------------------------- 
 (a)   Name                        Marston's PLC 
      --------------------------  ------------------------------------------------- 
 3.    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 7.375p each 
        the financial instrument 
                                    ISIN GB00B1JQDM80 
      --------------------------  ------------------------------------------------- 
 (b)   Nature of the transaction   Grant of award under the Long Term Incentive 
                                    Plan in the form of a nil-cost option. 
      --------------------------  ------------------------------------------------- 
 (c)   Price(s) and volume(s)        Price(s)           Volume(s) 
                                      Nil-cost option:   Nil-cost option: 473,033 
                                       N/A 
                                                        ------------------------- 
      --------------------------  ------------------------------------------------- 
 (d)   Aggregated information      n/a single transaction 
 
        Aggregated volume           n/a single transaction 
        price 
      --------------------------  ------------------------------------------------- 
 (e)   Date of the transaction     2018-12-12 
      --------------------------  ------------------------------------------------- 
 (f)   Place of the transaction    Outside a trading venue 
      --------------------------  ------------------------------------------------- 
 
 
 1.    Details of PDMR / PCA (person closely associated) 
 (a)   Name                        Ralph Findlay 
      --------------------------  ----------------------------------------------- 
 (b)   Position/status             Director and PDMR (CEO) 
      --------------------------  ----------------------------------------------- 
 (c)   Initial notification/       Initial notification 
        amendment 
      --------------------------  ----------------------------------------------- 
 2.    Details of the issuer 
      --------------------------------------------------------------------------- 
 (a)   Name                        Marston's PLC 
      --------------------------  ----------------------------------------------- 
 3.    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          Ordinary shares of 7.375p each 
        financial instrument 
                                    ISIN GB00B1JQDM80 
      --------------------------  ----------------------------------------------- 
 (b)   Nature of the transaction   Grant of award under the Long Term Incentive 
                                    Plan in the form of a nil-cost option. 
      --------------------------  ----------------------------------------------- 
 (c)   Price(s) and volume(s)        Price(s)           Volume(s) 
                                      Nil-cost option:   Nil-cost option: 706,287 
                                       N/A 
                                                        ------------------------- 
      --------------------------  ----------------------------------------------- 
 (d)   Aggregated information      n/a single transaction 
 
        Aggregated volume           n/a single transaction 
        price 
      --------------------------  ----------------------------------------------- 
 (e)   Date of the transaction     2018-12-12 
      --------------------------  ----------------------------------------------- 
 (f)   Place of the transaction    Outside a trading venue 
      --------------------------  ----------------------------------------------- 
 
 
 1.    Details of PDMR / PCA (person closely associated) 
 (a)   Name                        Richard Westwood 
      --------------------------  --------------------------------------------- 
 (b)   Position/status             PDMR (MD, Marston's Beer Company) 
      --------------------------  --------------------------------------------- 
 (c)   Initial notification/       Initial notification 
        amendment 
      --------------------------  --------------------------------------------- 
 2.    Details of the issuer 
      ------------------------------------------------------------------------- 
 (a)   Name                        Marston's PLC 
      --------------------------  --------------------------------------------- 
 3.    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 7.375p each 
        the financial instrument 
                                    ISIN GB00B1JQDM80 
      --------------------------  --------------------------------------------- 
 (b)   Nature of the transaction   Grant of award under the Long Term Incentive 
                                    Plan in the form of a nil-cost option. 
      --------------------------  --------------------------------------------- 
 (c)   Price(s) and volume(s)        Price(s)           Volume(s) 
                                      Nil-cost option:   Nil-cost option: 
                                       N/A                277,929 
                                                        ----------------- 
      --------------------------  --------------------------------------------- 
 (d)   Aggregated information      n/a single transaction 
 
        Aggregated volume           n/a single transaction 
        price 
      --------------------------  --------------------------------------------- 
 (e)   Date of the transaction     2018-12-12 
      --------------------------  --------------------------------------------- 
 (f)   Place of the transaction    Outside a trading venue 
      --------------------------  --------------------------------------------- 
 

ENDS

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December 13, 2018 10:07 ET (15:07 GMT)