McCarthy & Stone PLC Director/PDMR Shareholding (5260V)

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RNS Number : 5260V

McCarthy & Stone PLC

07 August 2020

7 August 2020

McCarthy & Stone plc (the "Company")

Notification of Transactions by

Persons Discharging Managerial Responsibilities

Pursuant to the notification obligations under article 19.3 of the Market Abuse Regulation, the Company announces the following changes in the interests of directors and persons discharging managerial responsibilities ("PDMRs") in the ordinary shares of 8 pence nominal value in the Company ("Shares").

McCarthy & Stone plc Long Term Incentive Plan

On 5 August 2020, awards under the Company's Long Term Incentive Plan (the "LTIP") were made as nil--cost options to Gary Elliott (Group HR Director) and Tracey McDermott (Chief Technology Officer) and are subject to the rules of the LTIP. The number of shares over which each nil-cost option was awarded was calculated by reference to the average closing price of the Shares as derived from the Daily Official List of the London Stock Exchange on 15, 16, 17, 20 and 21 July.

The performance conditions and targets for this LTIP grant (as applicable) measured over a three--year performance period are:

-- FY22 ROCE -- Threshold: 14%, Maximum: 20%;

-- FY22 EPS -- Threshold: 12.p, Maximum: 17.5p.

The award in respect of Tracey McDermott is not subject to the performance conditions above and will vest subject to continued employment on the vesting date.

The normal date of vesting for these nil--cost options will be 5 August 2023 and the last date for exercise will be 5 August 2030, with dividend equivalents payable in respect of the vesting of nil--cost options in accordance with the rules of the LTIP.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Gary Elliot 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           G roup HR Director 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      McCarthy & Stone plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800CEJ4OQ5YPU8Z37 
     --------------------------------------------------------  ------------------------------------------------------- 
 4    Details of the transaction 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of          Ordinary Shares of 8 pence nominal value each 
      instrument 
      Identification code                                        GB00BYNVD082 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil-cost option over Ordinary Shares under 
                                                                the McCarthy & Stone plc Long Term Incentive 
                                                                Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 GBP0.00.   314,982 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                 314,982 
       -  Price 
                                                                  GBP0.00 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2020-08-04 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Tracey McDermott 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Technology Officer 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      McCarthy & Stone plc 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800CEJ4OQ5YPU8Z37 
     --------------------------------------------------------  ------------------------------------------------------- 
 4    Details of the transaction 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of          Ordinary Shares of 8 pence nominal value each 
      instrument 
      Identification code                                        GB00BYNVD082 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil-cost option over Ordinary Shares under 
                                                                the McCarthy & Stone plc Long Term Incentive 
                                                                Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 GBP0.00    27,389 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                 27,389 
       -  Price 
                                                                  GBP0.00 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2020-08-04 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 

For further information, please contact:

Scott Brooker

Deputy Group Company Secretary

07976 670155

-- Ends --

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August 07, 2020 06:53 ET (10:53 GMT)