Young & Co's Brew. Director/PDMR Shareholding

 
TIDMYNGA 
 
 

Young & Co.'s Brewery, P.L.C.

(the "Company")

PDMR Notifications

Circumstances giving rise to the notifications

Under the terms of the Company's deferred annual bonus awards for the Company's financial period ended 28 March 2016, certain directors were eligible to subscribe at nominal value for a set number of the Company's A shares. The terms of issue included a performance condition related to the Company's adjusted earnings per ordinary share from continuing operations for the financial year ending 1 April 2019 and the extent to which those earnings exceeded the same measure for the financial period ended 30 March 2015. If the performance condition were not met in full, then the director concerned would be required to transfer a percentage of those shares for no consideration back to the Company, or to an employee benefit trust designated by the Company for this purpose.

Further background detail on the operation of the scheme as it related to the Company's financial period ended 28 March 2016 and the numbers of shares subsequently awarded and subscribed for is set out in the announcements made by the Company on 19 May 2016 and 14 June 2016.

The outcome of the performance condition is now known and the company's remuneration committee has determined that the following directors must transfer the following shares for nil consideration to RBT II Trustees Limited, being the trustee of the Ram Brewery Trust II which is the employee benefit trust designated by the Company for this purpose:

? Stephen Goodyear - 1,110 shares;

? Patrick Dardis - 775 shares; and

? Torquil Sligo-Young - 522 shares.

Notifications

In connection with the above, the Company today received the following notifications:

From Stephen Goodyear

 
1    Details of the person discharging managerial  responsibilities/person closely associated 
a)   Name                                                         Stephen Goodyear 
2    Reason for the notification 
a)   Position/status                                              Non-executive Chairman 
b)   Initial notification / Amendment                             Initial notification 
3    Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor 
a)   Name                                                         Young & Co.'s Brewery, P.L.C. 
b)   LEI                                                          213800JMZDORXCMKFW06 
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, type of instrument  A Ordinary shares of 12.5p each in the issuer's capital. 
 
     Identification code 
 
                                                                  GB00B2NDK765 
b)   Nature of the transaction                                    Transfer of shares 
c)   Price(s) and volume(s)                                       Price(s) 
                                                                  Volume(s) 
 
                                                                  GBPnil 
                                                                  1,110 
d)   Aggregated information 
     - Aggregated volume                                          1,110 
     - Price                                                      GBPnil 
e)   Date of the transaction                                      28 May 2019; 10.35 GMT 
f)   Place of the transaction                                     Outside a trading venue 
 
 

From Patrick Dardis

 
1    Details of the person discharging managerial  responsibilities/person closely associated 
a)   Name                                                         Patrick Anthony Dardis 
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                                                         Young & Co.'s Brewery, P.L.C. 
b)   LEI                                                          213800JMZDORXCMKFW06 
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, type of instrument  A Ordinary shares of 12.5p each in the issuer's capital. 
 
     Identification code 
 
                                                                  GB00B2NDK765 
b)   Nature of the transaction                                    Transfer of shares 
c)   Price(s) and volume(s)                                       Price(s) 
                                                                  Volume(s) 
 
                                                                  GBPnil 
                                                                  775 
d)   Aggregated information 
     - Aggregated volume                                          775 
     - Price                                                      GBPnil 
e)   Date of the transaction                                      28 May 2019; 10.35 GMT 
f)   Place of the transaction                                     Outside a trading venue 
 
 

From Torquil Sligo-Young

 
1    Details of the person discharging managerial  responsibilities/person closely associated 
a)   Name                                                         Torquil Charles fflorance Barrow Sligo-Young 
2    Reason for the notification 
a)   Position/status                                              Information Resources Director 
b)   Initial notification / Amendment                             Initial notification 
3    Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor 
a)   Name                                                         Young & Co.'s Brewery, P.L.C. 
b)   LEI                                                          213800JMZDORXCMKFW06 
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, type of instrument  A Ordinary shares of 12.5p each in the issuer's capital. 
 
     Identification code 
 
                                                                  GB00B2NDK765 
b)   Nature of the transaction                                    Transfer of shares 
c)   Price(s) and volume(s)                                       Price(s) 
                                                                  Volume(s) 
 
                                                                  GBPnil 
                                                                  522 
d)   Aggregated information 
     - Aggregated volume                                          522 
     - Price                                                      GBPnil 
e)   Date of the transaction                                      28 May 2019; 10.35 GMT 
f)   Place of the transaction                                     Outside a trading venue 
 
 

Krishan Pandit

Assistant Company Secretary

Tuesday, 28 May 2019

Tel: [phone]

View source version on businesswire.com: https://www.businesswire.com/news/home/20190528005422/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

May 28, 2019 08:35 ET (12:35 GMT)