Barr (A.G.) PLC — Remuneration Information 2017

Apr 26, 2017

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RNS Number : 4137D

Barr(A.G.) PLC

26 April 2017

26 April 2017

A.G. BARR p.l.c.

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

LTIP Award - 25 April 2017

On 25 April 2017 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.

R A White, J D Kemp and A L Memmott were also granted an award in the form of a tax qualifying option under the A.G. BARR p.l.c. Executive Share Option Scheme 2011 (the "ESOS").

Name	Role	Number of ordinary shares under option	Exercise price
R A White	CEO	91,086 (LTIP option) 4,830* (ESOS option)	Nil £6.21 per share
S Lorimer	Finance Director	53,818 (LTIP option)	Nil
J D Kemp	Commercial Director	47,763 (LTIP option) 4,830* (ESOS option)	Nil £6.21 per share
A L Memmott	Supply Chain Director	42,542 (LTIP option) 4,830* (ESOS option)	Nil £6.21 per share

*If the option under the ESOS is exercised at a gain, the LTIP awards will be reduced by the same value to ensure that the aggregate pre-tax value delivered to the participant remains the same as would have been the case had only the LTIP award been granted.

Under the rules of the LTIP, the vesting of the awards is subject to the achievement of the following EPS performance condition:

	% linked to award	Threshold vesting at 20% of the maximum award	Maximum vesting at 100% of the maximum award
Cumulative EPS for 2017/18, 2018/19 and 2019/20	100%	90.0p	102.0p

There is straight-line vesting between the points and no reward below threshold performance. Ordinarily, the awards will vest (subject to the achievement of the performance condition) on 25 April 2020.

This notification is made pursuant to Disclosure Guidance 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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