Britvic PLC — Director's Dealing 2018

Dec 6, 2018

National Storage Mechanism | Additional information

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RNS Number : 7168J

Britvic plc

06 December 2018

Britvic plc

LEI: 635400L3NVMYD4BVCI53

6 December 2018

Director/PDMR Shareholding

Britvic plc (the "Company") announces partial vesting on 4 December 2018 of awards over the Company's ordinary shares of 20 pence per share ("Shares") made on 4 December 2015 under the Company's Performance Share Plan ("PSP") and Executive Share Option Plan ("ESOP") to Executive Directors and Persons Discharging Managerial Responsibility ("PDMRs").

The performance criteria attached to the PSP award was based on 75% of the award being subject to Earnings Per Share ("EPS") growth targets and 25% of the award based on relative Total Shareholder Return ("TSR").  Taking into account the performance against the criteria, 50% of the PSP vested on 4 December 2018.  Details of the number of Shares under the PSP that vested in respect of Executive Directors and PDMRs are as follows:

Name of Executive Director/PDMR	Position (Executive Director/PDMR)	Number of Shares vested	Number of Shares sold
Matt Barwell	PDMR	14,860	7,0091
Hessel De Jong	PDMR	10,141	5,2871
João Caetano de Mello Neto	PDMR	12,510	3,4531
Kevin Donnelly	PDMR	6,534	3,4101
Mat Dunn	Executive Director	21,285	21,2852
Paul Graham	PDMR	14,398	6,7911
Clive Hooper	PDMR	8,524	4,0211
Simon Litherland	Executive Director	68,086	32,1131
Steve Potts	PDMR	8,685	4,0971

The performance criteria attached to the ESOP award was based on EPS growth targets.  Taking into account performance against the criteria, 33.3% of the ESOP vested on 4 December 2018.  Details of the number of Shares that were exercised under the ESOP in respect of Executive Directors and PDMRs are as follows:

Name of Executive Director/PDMR	Position (Executive Director/PDMR)	Number of Shares exercised	Number of Shares sold
Mat Dunn	Executive Director	31,530	31,5302

This notification is made in accordance with DTR 3.1.4R(1)(a) of the FCA's Disclosure Guidance and Transparency Rules. 

The attached notifications, made in accordance with Article 19(3) of the EU Market Abuse Regulation, provide further information.

Jonathan Adelman

Company Secretary

Notes

1              The participant sold the number of shares stated to cover liabilities for income tax and national insurance contributions arising on vesting in addition to dealing costs.  The sale was made on 4 December 2018 at a price of 857.6 pence per Share.

2              Mat Dunn agreed to sell all of his PSP and ESOP shares immediately on the vesting date such that no price sensitive information could affect future sale timing.  The sale of the PSP Shares was made on 4 December 2018 at a price of 857.6 pence per Share and the sale of the ESOP Shares was made on 4 December 2018 at a price of 853.6 pence per Share.

1.          Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Matt Barwell
Reason for the notification
(a)	Position/status	Chief Marketing Officer, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Vesting of shares under the Britvic 2015 Performance Share Plan
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 14,860
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Matt Barwell
Reason for the notification
(a)	Position/status	Chief Marketing Officer, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Sale of shares to cover tax liabilities and dealing costs.
(c)	Price(s) and volume(s)	Price(s) £8.58	Volume(s) 7,009
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.     Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Hessel De Jong
Reason for the notification
(a)	Position/status	International Managing Director, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Vesting of shares under the Britvic 2015 Performance Share Plan
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 10,141
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Hessel De Jong
Reason for the notification
(a)	Position/status	International Managing Director, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Sale of Shares to cover tax liabilities and dealing costs
(c)	Price(s) and volume(s)	Price(s) £8.58	Volume(s) 5,287
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	João Caetano de Mello Neto
Reason for the notification
(a)	Position/status	Managing Director - Britvic Brazil, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Vesting of shares under the Britvic 2015 Performance Share Plan
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 12,510
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	João Caetano de Mello Neto
Reason for the notification
(a)	Position/status	Managing Director - Britvic Brazil, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Sale of Shares to cover tax liabilities and dealing costs
(c)	Price(s) and volume(s)	Price(s) £8.58	Volume(s) 3,453
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Kevin Donnelly
Reason for the notification
(a)	Position/status	Managing Director - Ireland, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Vesting of shares under the Britvic 2015 Performance Share Plan
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 6,354
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Kevin Donnelly
Reason for the notification
(a)	Position/status	Managing Director - Ireland, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Sale of Shares to cover tax liabilities and dealing costs
(c)	Price(s) and volume(s)	Price(s) £8.58	Volume(s) 3,410
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Mat Dunn
Reason for the notification
(a)	Position/status	Chief Financial Officer, Executive Director
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Vesting of shares under the Britvic 2015 Performance Share Plan
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 21,285
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Mat Dunn
Reason for the notification
(a)	Position/status	Chief Financial Officer, Executive Director
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Exercise of shares under the Britvic 2015 Executive Share Option Plan
(c)	Price(s) and volume(s)	Price(s) £7.12	Volume(s) 31,530
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)
1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Mat Dunn
Reason for the notification
(a)	Position/status	Chief Financial Officer, Executive Director
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Sale of Shares under the PSP in order that no price sensitive information could affect future sale timing.
(c)	Price(s) and volume(s)	Price(s) £8.58	Volume(s) 21,285
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Mat Dunn
Reason for the notification
(a)	Position/status	Chief Financial Officer, Executive Director
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Sale of Shares under the ESOP in order that no price sensitive information could affect future sale timing.
(c)	Price(s) and volume(s)	Price(s) £8.54	Volume(s) 31,530
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Paul Graham
Reason for the notification
(a)	Position/status	Managing Director - GB, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Vesting of shares under the Britvic 2015 Performance Share Plan.
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 14,398
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Paul Graham
Reason for the notification
(a)	Position/status	Managing Director - GB, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Sale of Shares to cover tax liabilities and dealing costs.
(c)	Price(s) and volume(s)	Price(s) £8.58	Volume(s) 6,791
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Clive Hooper
Reason for the notification
(a)	Position/status	Chief Supply Chain Officer, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Vesting of shares under the Britvic 2015 Performance Share Plan.
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 8,524
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Clive Hooper
Reason for the notification
(a)	Position/status	Chief Supply Chain Officer, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Sale of Shares to cover tax liabilities and dealing costs.
(c)	Price(s) and volume(s)	Price(s) £8.58	Volume(s) 4,021
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Simon Litherland
Reason for the notification
(a)	Position/status	Chief Executive Officer, Executive Director
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Vesting of shares under the Britvic 2015 Performance Share Plan.
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 68,086
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Simon Litherland
Reason for the notification
(a)	Position/status	Chief Supply Chain Officer, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Sale of Shares to cover tax liabilities and dealing costs.
(c)	Price(s) and volume(s)	Price(s) £8.58	Volume(s) 32,113
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Steve Potts
Reason for the notification
(a)	Position/status	Chief Information Officer, PDMR
(b)	Initial notification/Amendment	Initial notification
2.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
3.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Vesting of shares under the Britvic 2015 Performance Share Plan.
(c)	Price(s) and volume(s)	Price(s) £0	Volume(s) 8,685
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

4.    Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Steve Potts
Reason for the notification
(a)	Position/status	Chief Information Officer, PDMR
(b)	Initial notification/Amendment	Initial notification
5.         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Britvic plc
(b)	LEI	635400L3NVMYD4BVCI53
6.         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 of 20 pence each ISIN: GB00B0N8QD54
(b)	Nature of the transaction	Sale of Shares to cover tax liabilities and dealing costs.
(c)	Price(s) and volume(s)	Price(s) £8.58	Volume(s) 4,097
(d)	Aggregated information -     Aggregated volume -     Price	n/a
(e)	Date and time of the transaction	2018/12/04
(f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

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