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Imperial Brands PLC
Remuneration Information • Mar 2, 2021
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 8581Q
Imperial Brands PLC
02 March 2021
2 March 2021
IMPERIAL BRANDS PLC
(THE "COMPANY")
Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42
NOTIFICATION OF TRANSACTIONS OF DIRECTOR/PDMR
Recruitment Award
On 1 March 2021, the Company's new Group Manufacturing and Supply Chain Director, Javier Huerta, was granted a nil-cost option award (the "Recruitment Award") over ordinary shares of 10 pence each in the Company ("Shares").
The Recruitment Award has been granted in order to facilitate Javier Huerta's recruitment, and to replace certain share awards granted to him by his former employer, Unilever plc, and which he forfeited on joining the Company.
The Recruitment Award has been granted over 50,246 Shares, which has been set by reference to the value of the forfeited awards and the 3-day average closing price of the Company's shares immediately prior to the date of joining.
In order to replicate the terms of Javier Huerta's forfeited awards, the Recruitment Award is split into six tranches, as follows:
| Number of Shares | Expected Vesting Date | Original Unilever share award replaced |
| 5,243 | 25 March 2021 | Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 25 March 2021 |
| 19,092 | 25 March 2021 | Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 25 March 2021 |
| 1,957 | 9 February 2022 | Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 9 February 2022 |
| 14,044 | 9 February 2022 | Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 9 February 2022 |
| 7,797 | 14 February 2023 | Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 14 February 2023 |
| 2,113 | 15 February 2023 | Award of shares granted under the Unilever Management Co-Investment Plan due to vest on 15 February 2023 |
The vesting of the Recruitment Award (and each tranche thereof) is subject to Javier Huerta's continued service with the Company.
As at the date of this announcement, the Company has 946,408,101 Shares in issue (excluding shares held in Treasury).
This announcement is made in accordance with the requirements of Market Abuse Regulation Article 19.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
JAVIER ESTERBAN HUERTA RUIZ
2.
Reason for the notification
a)
Position/status
PDMR - GROUP MANUFACTURING AND SUPPLY CHAIN DIRECTOR
b)
Initial notification/ Amendment
INITIAL NOTIFICATION
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
IMPERIAL BRANDS PLC
b)
LEI
549300DFVPOB67JL3A42
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
ORDINARY SHARES
Identification code
GB0004544929
b)
Nature of the transaction
GRANT OF A NIL COST OPTION AWARD WHICH VESTS IN SIX TRANCHES, TWO ON 25 MARCH 2021, TWO ON 9 FEBRUARY 2022, 14 FEBRUARY 2023 AND 15 FEBRUARY 2023 SUBJECT TO CONTINUED SERVICE.
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 50,246 |
d)
Aggregated information
| Aggregate Price | Aggregate Volume |
| Nil | 50,246 |
e)
Date of the transaction
1 MARCH 2021
f)
Place of the transaction
OUTSIDE A TRADING VENUE
Exercise of Long Term Incentive Plan Award and sale to cover tax liabilities.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
OLIVER REGINALD TANT
2
Reason for the notification
a)
Position/status
EXECUTIVE DIRECTOR - CHIEF FINANCIAL OFFICER
b)
Initial notification /Amendment
INITIAL NOTIFICATION
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
IMPERIAL BRANDS PLC
b)
LEI
549300DFVPOB67JL3A42
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
Identification code
ORDINARY SHARES
GB0004544929
b)
Nature of the transaction
EXERCISE OF OPTIONS IN RESPECT OF THE LONG TERM INCENTIVE PLAN
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| NOT APPLICABLE | 11,184 |
d)
Aggregated information
- Aggregated volume
- Price
11,184
NOT APPLICABLE
e)
Date of the transaction
1 MARCH 2021
f)
Place of the transaction
OUTSIDE A TRADING VENUE
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
OLIVER REGINALD TANT
2
Reason for the notification
a)
Position/status
EXECUTIVE DIRECTOR - CHIEF FINANCIAL OFFICER
b)
Initial notification /Amendment
INITIAL NOTIFICATION
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
IMPERIAL BRANDS PLC
b)
LEI
549300DFVPOB67JL3A42
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
Identification code
ORDINARY SHARES
GB0004544929
b)
Nature of the transaction
SALE OF VESTED SHARES TO COVER INCOME TAX ON EXERCISING OF LONG TERM INCENTIVE PLAN
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 13.660568 | 5,281 |
d)
Aggregated information
- Aggregated volume
- Price
5,281
GBP 72,141.46
e)
Date of the transaction
1 MARCH 2021
f)
Place of the transaction
XLON - LONDON STOCK EXCHANGE
Trevor Williams
Deputy Company Secretary
Copies of our announcements are available on our website: www.imperialbrandsplc.com/Investors/Stock-Exchange-announcements
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