REG - Marston's Plc - Director/PDMR Shareholding

Marston'sAnnouncement

14/12/2022 09:00

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RNS Number : 6127J  Marston's PLC  14 December 2022

14 December 2022

 

Notification of interests of directors and persons discharging managerial
responsibilities

 

Marston's PLC (the "Company") announces that on 13 December 2022 the Directors
listed below were granted awards over ordinary shares in the Company under the
Company's 2014 Long Term Incentive Plan.  The number of awards granted on
13 December 2022 was calculated using the market price at the close of
trading on the London Stock Exchange on 12 December 2022, being £0.3810 per
ordinary share.

 

The awards will vest subject to the satisfaction of performance metrics which
are based on Underlying Profit Before Tax (as regards 30% of the award), Net
Cash Flow (as regards 30% of the award), Return on Capital Employed (as
regards 20% of the award) and Relative Total Shareholder Return (as regards
20% of the award) assessed over the Company's 2022/23, 2023/24 and 2024/25
financial periods, details of which will be set out in the Company's Annual
Report and Accounts for the period ended 1 October 2022. 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 of individual  Designation  Number of shares subject to LTIP award
 Andrew Andrea       Director     2,036,176
 Hayleigh Lupino     Director     1,085,960

 

 

The Notification of Dealing Forms set out below are provided in accordance
with the requirements of the EU Market Abuse Regulation.

 

 

 

Enquiries:

Bethan Raybould, General Counsel & Company Secretary, Marston's PLC, +44
(0) 1902 711811

 

 

Notification of Dealing Form

 

 1.  Details of the Person Discharging Managerial Responsibility ("PDMR")/person
     closely associated with them ("PCA")
 a)  Name                                     Andrew Andrea

 2.  Reason for the notification
 a)  Position/status                          Director and PDMR (Chief Executive Officer)

 b)  Initial notification/ amendment          Initial Notification
 3.  Details of the Issuer
 a)  Name                                     Marston's PLC
 b)  LEI code                                 213800Q6RP3ZJ2CZR962
 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 7.375 pence each

     Identification code

                                              ISIN: GB00B1JQDM80
 b)  Nature of the transaction                Grant of award under the Long Term Incentive Plan in the form of nil-cost
                                              options.
 c)  Price(s) and volumes(s)

Price                 Volume
                                              Nil cost option: N/A  2,036,176
 d)  Aggregated information

     -   Aggregate volume

                                              N/A

     -   Price
 e)  Date of the transaction                  2022-12-13
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-   Aggregate volume

 

-   Price

 

 

N/A

 

e)

Date of the transaction

2022-12-13

f)

Place of the transaction

Outside a trading venue

 

 

 1.  Details of the Person Discharging Managerial Responsibility ("PDMR")/person
     closely associated with them ("PCA")
 a)  Name                                     Hayleigh Lupino

 2.  Reason for the notification
 a)  Position/status                          Director and PDMR (Chief Financial Officer)

 b)  Initial notification/                    Initial Notification

     amendment
 3.  Details of the Issuer
 a)  Name                                     Marston's PLC
 b)  LEI code                                 213800Q6RP3ZJ2CZR962
 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 7.375 pence each

     Identification code

                                              ISIN: GB00B1JQDM80
 b)  Nature of the transaction                Grant of award under the Long Term Incentive Plan in the form of nil-cost
                                              options.
 c)  Price(s) and volumes(s)

Price                 Volume
                                              Nil cost option: N/A  1,085,960
 d)  Aggregated information

     -   Aggregate volume

                                              N/A

     -   Price
 e)  Date of the transaction                  2022-12-13
 f)  Place of the transaction                 Outside a trading venue

d)

Aggregated information

-   Aggregate volume

 

-   Price

 

 

N/A

 

e)

Date of the transaction

2022-12-13

f)

Place of the transaction

Outside a trading venue

 

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