Barr (A.G.) PLC — Remuneration Information 2015

Apr 16, 2015

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RNS Number : 4156K

Barr(A.G.) PLC

16 April 2015

16 April 2015

A.G. BARR p.l.c.

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

LTIP Award - 15 April 2015

On 15 April 2015 A.G. BARR p.l.c. ("A.G. BARR" or the "Company") granted awards in the form of nil-cost options over ordinary shares in the Company under the A.G. BARR p.l.c. Long Term Incentive Plan (the "LTIP") to R A White, S Lorimer, J D Kemp and A L Memmott, as noted below.

Name	Role	Number of ordinary shares under option	Exercise price
R A White	CEO	88,579 (LTIP option)	Nil
S Lorimer	Finance Director	52,337 (LTIP option)	Nil
J D Kemp	Commercial Director	46,449 (LTIP option)	Nil
A L Memmott	Supply Chain Director	41,371 (LTIP option)	Nil

Under the rules of the LTIP, the vesting of the awards is subject to the achievement of a performance condition based upon the extent to which the Company's average earnings per share ("EPS") over the period of three financial years commencing with the Company's 2015/16 financial year (the "Performance Period") exceeds the Company's average earnings per share for the three financial years immediately preceding the Performance Period.  Ordinarily, the awards will vest (subject to the achievement of the performance condition) on 15 April 2018.

At the same time, the Company has granted the following additional awards under the LTIP to S Lorimer:

Name	Number of ordinary shares under option	Exercise price
S Lorimer	10,162 (LTIP option)	Nil
S Lorimer	20,325 (LTIP option)	Nil

The first of these awards is subject to growth in EPS over the three financial years ending 2015/16, and will vest, subject to the achievement of this performance condition, in April 2016. The second award is subject to growth in EPS over the three financial years ending 2016/17, and will vest, subject to the achievement of this performance condition, in June 2017.

This notification is made pursuant to Disclosure and Transparency Rule 3.1.4. 

Enquiries:

Julie A. Barr

Company Secretary

A.G. BARR p.l.c.

This information is provided by RNS

The company news service from the London Stock Exchange

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