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Britvic PLC Director's Dealing 2022
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 8027I
Britvic plc
06 December 2022
Britvic plc
LEI: 635400L3NVMYD4BVCI53
6 December 2022
Director/PDMR Shareholder
Britvic plc (the "Company") announces partial vesting on 4 December 2022 of awards over the Company's ordinary shares of 20 pence per share ("Shares") made on 4 December 2019 under the Company's Performance Share Plan ("PSP") to Executive Directors and Persons Discharging Managerial Responsibility ("PDMRs").
The performance criteria attached to the PSP award were Relative Total Shareholder Returns and adjusted, diluted EPS. Taking into account the performance against the criteria, 19.3% of the PSP vested on 4 December 2022. 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 1 |
| Matt Barwell | PDMR | 4,681 | 2,208 |
| Hessel de Jong | PDMR | 3,448 | 1,713 |
| Kevin Donnelly | PDMR | 2,319 | 1,211 |
| Paul Graham | PDMR | 4,654 | 2,196 |
| Simon Litherland | Executive Director | 20,239 | 9,546 |
| Steve Potts | PDMR | 4,149 | 1,958 |
| Sudeep Shetty | PDMR | 2,712 | 7,592 |
| Joanne Wilson | Executive Director | 8,505 | 4,012 |
The Company also announces the vesting on 4 December 2022 of awards over the Company's Shares under the Britvic 2019 Retention Share Plan dated 4 December 2019 for Sudeep Shetty, who was awarded 13,384 Shares.
As a result of the above transactions, the interests of the above PDMRs and their connected persons in the Company's Shares (excluding options, awards under the Company's LTIPs and interests as potential beneficiaries of the Company's Employee Benefit Trusts) are as follows:
| Name | Number of Shares | Name of Connected Person | Number of Shares | Total Shares | Percentage of Issued Share Capital |
| Matt Barwell | 46,350 | Harriet Barwell | 6,994 | 53,344 | 0.02% |
| Hessel de Jong | 30,597 | - | - | 30,597 | 0.01% |
| Kevin Donnelly | 50,413 | - | - | 50,413 | 0.02% |
| Paul Graham | 63,442 | - | - | 63,442 | 0.02% |
| Simon Litherland | 378,941 | - | - | 378,941 | 0.15% |
| Steve Potts | 55,031 | - | - | 55,031 | 0.02% |
| Sudeep Shetty | 24,241 | - | - | 24,241 | 0.01% |
| Joanne Wilson | 34,944 | - | - | 34,944 | 0.01% |
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 5 December 2022 at a price of 811.30 pence per Share.
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.
Clare Thomas
Company Secretary
| 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 | ||
| 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) £8.113 |
Volume(s) 2,208 |
| (d) | Aggregated information - Aggregated volume - Price |
2,208 £17,913.50 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (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 | Managing Director - International, 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) £8.113 |
Volume(s) 1,713 |
| (d) | Aggregated information - Aggregated volume - Price |
1,713 £13,897.57 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (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) £8.113 |
Volume(s) 1,211 |
| (d) | Aggregated information - Aggregated volume - Price |
1,211 £9,824.84 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (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) £8.113 |
Volume(s) 2,196 |
| (d) | Aggregated information - Aggregated volume - Price |
2,196 £17,816.15 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (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 | Sale of Shares to cover tax liabilities and dealing costs | |
| (c) | Price(s) and volume(s) | Price(s) £8.113 |
Volume(s) 9,546 |
| (d) | Aggregated information - Aggregated volume - Price |
9,546 £77,446.70 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (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 | Managing Director - BTB, 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) | £8.113 | Volume(s) 1,958 |
| (d) | Aggregated information - Aggregated volume - Price |
1,958 £15,885.25 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
| 1. Details of the person discharging managerial responsibilities/person closely associated | |||
| (a) | Name | Sudeep Shetty | |
| Reason for the notification | |||
| (a) | Position/status | Chief Information & Transformation 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) £8.113 |
Volume(s) 7,592 |
| (d) | Aggregated information - Aggregated volume - Price |
7,592 £61,593.90 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
| 1. Details of the person discharging managerial responsibilities/person closely associated | |||
| (a) | Name | Joanne Wilson | |
| 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 to cover tax liabilities and dealing costs | |
| (c) | Price(s) and volume(s) | Price(s) £8.113 |
Volume(s) 4,012 |
| (d) | Aggregated information - Aggregated volume - Price |
4,012 £32,549.36 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (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 | Vesting of shares under the Britvic 2019 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 4,681 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (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 | Managing Director - International, 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 2019 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 3,448 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (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 2019 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 2,319 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (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 2019 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 4,654 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (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 2019 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 20,239 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (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 | Managing Director - BTB, 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 2019 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 4,149 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
| 1. Details of the person discharging managerial responsibilities/person closely associated | |||
| (a) | Name | Sudeep Shetty | |
| Reason for the notification | |||
| (a) | Position/status | Chief Information & Transformation 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 2019 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 2,712 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
| 1. Details of the person discharging managerial responsibilities/person closely associated | |||
| (a) | Name | Joanne Wilson | |
| 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 2019 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 8,505 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
| 1. Details of the person discharging managerial responsibilities/person closely associated | |||
| (a) | Name | Sudeep Shetty | |
| Reason for the notification | |||
| (a) | Position/status | Chief Information & Transformation 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 2019 Retention Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 13,384 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 5 December 2022 | |
| (f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
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