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McCarthy & Stone PLC (MCS)

McCarthy & Stone PLC

Director/PDMR Shareholding
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 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 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00.

 314,982

d)

Aggregated information

-

Aggregated volume

-

Price

 

314,982


£0.00

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 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 Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00

 27,389

d)

Aggregated information

-

Aggregated volume

-

Price

 

27,389


£0.00

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 --


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.
 
END
 
 
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Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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