Aston Martin Lagonda Global Holdings PLC

Director's Dealing • Jun 27, 2019

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RNS Number : 7227D

Aston Martin Lagonda Global Hld PLC

27 June 2019

27 June 2019

Aston Martin Lagonda Global Holdings plc

Notification of transactions by Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

Aston Martin Lagonda Global Holdings plc (the "Company") announces the following transactions by Directors in the Ordinary Shares in the Company ("Shares"), which took

place on 27 June 2019.

In accordance with the rules of the Aston Martin Lagonda Long-Term Incentive Plan 2018 ("LTIP"), the Directors named below were granted nil-cost options over Shares as follows:

·      Dr Andy Palmer, President and Group Chief Executive Officer (CEO) - 262,135 shares (225% of salary)

·      Mark Wilson, EVP and Chief Financial Officer (CFO) - 61,893 shares (150% of salary)

These LTIP awards are subject to the performance conditions, vesting and holding periods

and malus and clawback provisions set out below.

2019 Performance measures and targets:

		2019 LTIP targets	Vesting* (as a % of maximum)
EPS (3Y CAGR) (40% of award)	Threshold	45%	20%
Stretch	55%	70%
Maximum	65%	100%
ROIC (% in FY21) (40% of award)	Threshold	14.6%	20%
Stretch	18.0%	70%
Maximum	20.0%	100%
Relative TSR (vs. FTSE51-150) (20% of award)	Threshold	Median rank	20%
Maximum	Upper quartile rank	100%
Additional share price underpin on TSR element of awards	Shares would not usually vest unless a share price of £19 is achieved between the end of the performance period and the end of the holding period.

* Vesting will be on a straight-line basis between each of threshold and stretch, and stretch and maximum

(and threshold and maximum for the TSR element)

·      The Remuneration Committee retains discretion to adjust the vesting levels to ensure they reflect underlying business performance and any other relevant factors

Vesting and holding period:

·      Subject to performance, awards to vest 3 years from grant following the announcement of results for 2021 but subject to a further 2 year holding period post vest (net of tax)

·      The CEO and CFO have volunteered to extend the existing (2-year) holding period on their 2019 LTIP awards, to not sell any of the shares, should they vest, from their 2019 awards until the Company's share price is at £19 or above.

Malus and Clawback:

·      Malus and clawback provisions will be operated at the discretion of the Remuneration Committee in respect of the LTIP where it considers that there are exceptional circumstances. Such exceptional circumstances may include serious reputational damage, a failure of risk management, an error in available financial information, which led to the award being greater than it would otherwise have been or personal misconduct. Clawback may be applied for a period of up to three years for any LTIP awards.

The following disclosures are made in accordance with Article 19.3 of the EU Market Abuse Regulation 596/2014.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Dr Andy Palmer

2

Reason for the notification

a)

Position/status

President and Group Chief Executive Officer

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Aston Martin Lagonda Global Holdings plc

b)

LEI

213800167WOVOK5ZC776

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 (ISIN: GB00BFXZC448)

b)

Nature of the transaction

Grant of a nil-cost option under the Aston Martin Lagonda Long-Term Incentive Plan 2018

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	262,135

d)

Aggregated information

- Aggregated volume

- Price

262,135

N/A

e)

Date of the transaction

27 June 2019

f)

Place of the transaction

Outside a Trading Venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Wilson

2

Reason for the notification

a)

Position/status

EVP and 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

Aston Martin Lagonda Global Holdings plc

b)

LEI

213800167WOVOK5ZC776

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 (ISIN: GB00BFXZC448)

b)

Nature of the transaction

Grant of a nil-cost option under the Aston Martin Lagonda Long-Term Incentive Plan 2018

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	61,893

d)

Aggregated information

- Aggregated volume

- Price

61,893

N/A

e)

Date of the transaction

27 June 2019

f)

Place of the transaction

Outside a Trading Venue

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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