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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mccoll's Retail Group Plc | LSE:MCLS | London | Ordinary Share | GB00BJ3VW957 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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RNS Number : 3401Z
McColl's Retail Group plc
17 September 2020
McColl's Retail Group plc (the "Company")
Grant of Long Term Incentive Plan Award
Notification of Transactions by Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs")
The Company announces that, in accordance with the rules of the McColl's Retail Group plc Long Term Incentive Plan (the "LTIP"), an LTIP award over 600,000 ordinary shares of GBP0.001 each was granted on 16 September 2020 to Giles David, Chief Financial Officer of the Company.
The award is subject to continued service with the Company and performance criteria aligned to the LTIP awards granted on 6 April 2020. The performance criteria are based on three-year relative Total Shareholder Return ("TSR") targets measured from 6 April 2020 and Earnings Per Share ("EPS") growth targets measured from a 2019 base year to the year ending November 2022. The targets are the same as those set out in the 2019 Directors' Remuneration Report ("DRR") in the Annual Report and Accounts 2019 .
The Remuneration Committee must also be satisfied that the vesting outcome when applying the EPS and TSR performance criteria is a genuine reflection of the underlying performance of the business and the Committee has full discretion to ensure that the final outturns reflect all relevant factors.
The award will vest three years after grant and a two year post vesting holding period will also apply.
For further information contact: Rachel Peat, Company Secretary McColl's Retail Group plc
About McColl's Retail Group
McColl's is a leading neighbourhood retailer, with an estate of c.1,440 managed convenience stores and newsagents. We operate McColl's branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl. Our dedicated colleagues serve five million customers every week, and we are the largest operator of Post Offices in the UK.
LEI: 213800R1TLR536P8YJ67
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 Details of the person discharging managerial responsibilities/person closely associated a) Name Giles David 2 Reason for the notification a) Position/status PDMR, 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 McColl's Retail Group plc b) LEI 213800R1TLR536P8YJ67 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, Ordinary Shares of 0.1 pence each type of instrument Identification code ISIN: GB00BJ3VW957 b) Nature of the transaction Awards made pursuant to the McColl's Retail Group plc Long Term Incentive Plan c) Price(s) and volume(s) Call Price(s) Volume(s) GBP0.001 per Ordinary Share 600,000 d) Aggregated information - Aggregated volume 600,000 - Price n/a e) Date of the transaction 16 September 2020 f) Place of the transaction Outside a trading venue
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(END) Dow Jones Newswires
September 17, 2020 09:32 ET (13:32 GMT)
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