MARSTON'S PLC

Remuneration Information • Dec 12, 2019

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RNS Number : 7326W

Marston's PLC

12 December 2019

12 December 2019

Notification of interests of directors and persons discharging managerial responsibilities

Marston's PLC (the "Company") announces that on 12 December 2019 the Directors and other Person Discharging Managerial Responsibilities ("PDMR") listed below were granted awards over ordinary shares in the Company under the Company's 2014 Long Term Incentive Plan (the "Plan").  The number of awards granted on 12 December 2019 was calculated using the market price at the close of trading on the London Stock Exchange on 11 December 2019, being £1.294 per ordinary share.

The awards will vest subject to the satisfaction of performance metrics which are based on a combination of Underlying Earnings per Share (as regards 40% of the award), Net Cash Flow (as regards 40% of the award) and Relative Total Shareholder Return (as regards 20% of the award) assessed over the Company's 2019/20, 2020/21 and 2021/22 financial periods, details of which will be set out in the Company's Annual Report and Accounts for the period ended 28 September 2019.  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	372,124
Ralph Findlay	Director	555,620
Richard Westwood	PDMR	218,640

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

Enquiries:

Anne-Marie Brennan, Group Secretary, Marston's PLC, +44 (0) 1902 329163

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 Financial and Corporate Development Officer)

b)

Initial notification/ amendment

Initial Notification

3.

Details of the Issuer

a)

Name

Marston's PLC

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

Identification code

Ordinary Shares of 7.375 pence each

ISIN: GB00B1JQDM80

b)

Nature of the transaction

Grant of award under the Long Term Incentive Plan in the form of a nil-cost option.

c)

Price(s) and volumes(s)

Price	Volume
Nil cost option: N/A	372,124

d)

Aggregated information

-  Aggregate volume

-  Price

N/A

e)

Date of the transaction

2019-12-12

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

Ralph Findlay

2.

Reason for the notification

a)

Position/status

Director and PDMR (CEO)

b)

Initial notification/

amendment

Initial Notification

3.

Details of the Issuer

a)

Name

Marston's PLC

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

Identification code

Ordinary Shares of 7.375 pence each

ISIN: GB00B1JQDM80

b)

Nature of the transaction

Grant of award under the Long Term Incentive Plan in the form of a nil-cost option.

c)

Price(s) and volumes(s)

Price	Volume
Nil cost option: N/A	555,620

d)

Aggregated information

-  Aggregate volume

-  Price

N/A

e)

Date of the transaction

2019-12-12

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

Richard Westwood

2.

Reason for the notification

a)

Position/status

PDMR (MD, Marston's Beer Company)

b)

Initial notification/

amendment

Initial Notification

3.

Details of the Issuer

a)

Name

Marston's PLC

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

Identification code

Ordinary Shares of 7.375 pence each

ISIN: GB00B1JQDM80

b)

Nature of the transaction

Grant of award under the Long Term Incentive Plan in the form of a nil-cost option.

c)

Price(s) and volumes(s)

Price	Volume
Nil cost option: N/A	218,640

d)

Aggregated information

-  Aggregate volume

-  Price

N/A

e)

Date of the transaction

2019-12-12

f)

Place of the transaction

Outside a trading venue

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