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Britvic PLC Remuneration Information 2020
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 5845J
Britvic plc
22 December 2020
Britvic plc
LEI: 635400L3NVMYD4BVCI53
22 December 2020
Director/PDMR Shareholder
Britvic plc (the "Company") announces partial vesting on 21 December 2020 of awards over the Company's ordinary shares of 20 pence per share ("Shares") made on 19 December 2017 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, 25% of the PSP vested on 21 December 2020. 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 | 6,883 | 3,247 |
| Zareena Brown | PDMR | 3,745 | 1,767 |
| Hessel de Jong | PDMR | 5,525 | 2,745 |
| Kevin Donnelly | PDMR | 3,683 | 1,923 |
| Paul Graham | PDMR | 6,542 | 3,086 |
| Clive Hooper | PDMR | 5,827 | 2,749 |
| Simon Litherland | Executive Director | 31,220 | 14,726 |
| Steve Potts | PDMR | 4,383 | 2,068 |
| Joao Caetano de Mello Neto 2 | PDMR | 7,087 | 7,087 |
As a result of the above transactions, the interests of the above PDMR 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 | 42,707 | - | - | 42,707 | 0.02% |
| Zareena Brown | 12,746 | - | - | 12,746 | 0.00% |
| Hessel de Jong | 19,845 | - | - | 19,845 | 0.01% |
| Kevin Donnelly | 31,838 | - | - | 31,838 | 0.01% |
| Paul Graham | 68,348 | - | - | 68,348 | 0.03% |
| Clive Hooper | 49,847 | Rachel Hooper | 14,705 | 64,552 | 0.02% |
| Simon Litherland | 330,719 | - | - | 330,719 | 0.12% |
| Steve Potts | 45,495 | - | - | 45,495 | 0.02% |
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 21 December 2020 at a price of 778 pence per Share.
2 Joao Caetano de Mello Neto holds a phantom plan that is cash settled.
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) £7.78 |
Volume(s) 3,247 |
| (d) | Aggregated information - Aggregated volume - Price |
3,247 £25,261.66 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
| 1. Details of the person discharging managerial responsibilities/person closely associated | |||
| (a) | Name | Zareena Brown | |
| Reason for the notification | |||
| (a) | Position/status | Chief People 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) £7.78 |
Volume(s) 1,767 |
| (d) | Aggregated information - Aggregated volume - Price |
1,767 £13,747.26 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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) £7.78 |
Volume(s) 2,745 |
| (d) | Aggregated information - Aggregated volume - Price |
2,745 £21,356.10 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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 | |
| (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) £7.78 |
Volume(s) 1,923 |
| (d) | Aggregated information - Aggregated volume - Price |
1,923 £14,960.94 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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 | GB 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) £7.78 |
Volume(s) 3,086 |
| (d) | Aggregated information - Aggregated volume - Price |
3,086 £24,009.08 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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) £7.78 |
Volume(s) 2,749 |
| (d) | Aggregated information - Aggregated volume - Price |
2,749 £21,387.22 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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 | ||
| 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) £7.78 |
Volume(s) 14,726 |
| (d) | Aggregated information - Aggregated volume - Price |
14,726 £114,568.28 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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 | BTB 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) £7.78 |
Volume(s) 2,068 |
| (d) | Aggregated information - Aggregated volume - Price |
2,068 £16,089.04 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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 | ||
| 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 2017 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 6,883 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
| 1. Details of the person discharging managerial responsibilities/person closely associated | |||
| (a) | Name | Zareena Brown | |
| Reason for the notification | |||
| (a) | Position/status | Chief People 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 2017 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 3,745 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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 2017 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 5,525 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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 | |
| (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 2017 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 3,683 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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 | GB 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 2017 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 6,542 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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 2017 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 5,827 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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 | ||
| 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 2017 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 31,220 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (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 | BTB 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 2017 Performance Share Plan | |
| (c) | Price(s) and volume(s) | Price(s) £0 |
Volume(s) 4,383 |
| (d) | Aggregated information - Aggregated volume - Price |
n/a £0 |
|
| (e) | Date and time of the transaction | 21 December 2020 | |
| (f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
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