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McCarthy & Stone PLC (MCS)

McCarthy & Stone PLC

Director/PDMR Shareholding
RNS Number : 6296C
McCarthy & Stone PLC
11 February 2020
 

11 February 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 Annual and Deferred Bonus Plan

 

On 10 February 2020, the following deferred bonus share awards, structured as nil-cost options have been granted in accordance with the rules of the Company's Annual and Deferred Bonus Plan (the "ABP").  These awards relate to the bonus paid to the Chief Operating Officer - Build and Chief Operating Officer - Customers and Services in respect of the financial year ended 31 October 2019.  These nil-cost options are subject to the rules of the ADP.

 

The number of shares over which each nil-cost option was awarded was calculated by reference to the average closing market price of the Company's shares measured over the last 30 days of the FY19 financial year. 

 

The normal date of vesting for these nil-cost options will be 10 February 2023 and the last date for exercise will be 10 February 2030, with dividend equivalents payable in respect of the vesting of nil-cost options in accordance with the rules of the ABP.

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nigel Turner

2

Reason for the notification

a)

Position/status

Chief Operating Officer - Build

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 instrument

Identification code

Ordinary Shares of 8 pence nominal value each

 

GB00BYNVD082

b)

Nature of the transaction

Grant of nil-cost option over Ordinary Shares under the McCarthy & Stone plc Annual and Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00

 125,734

d)

Aggregated information

-

Aggregated volume

-

Price

 

125,734


£0.00

e)

Date of the transaction

2020-02-10

f)

Place of the transaction

Outside a trading venue

 

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mike Lloyd

2

Reason for the notification

a)

Position/status

Chief Operating Officer - Customers & Services

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 instrument

Identification code

Ordinary Shares of 8 pence nominal value each

 

GB00BYNVD082

b)

Nature of the transaction

Grant of nil-cost option over Ordinary Shares under the McCarthy & Stone plc Annual and Deferred Bonus Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00

 133,592

d)

Aggregated information

-

Aggregated volume

-

Price

 

133,592


£0.00

e)

Date of the transaction

2020-02-10

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

For further information, please contact:

 

Scott Brooker

Deputy Group Company Secretary

Telephone: 07976 670155

 

 

-- Ends --


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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