Britvic PLC — Remuneration Information 2021

Jun 2, 2021

National Storage Mechanism | Additional information

RNS Number : 5576A

Britvic plc

02 June 2021

Britvic plc

LEI: 635400L3NVMYD4BVCI53

2 June 2021

Director/PDMR Shareholding

Britvic plc (the "Company") was notified on 2 June 2021, that, on 1 June, Persons Discharging Managerial Responsibilities ("PDMRs") were granted options to acquire, at the price of 924 pence per share1, Shares in the Company under the 2015 Britvic Executive Share Option Plan ("ESOP").

The Company was also notified that, on 1 June 2021, PDMRs were granted conditional awards to acquire, for no consideration, Shares under the 2015 Britvic Performance Share Plan ("PSP").

Details of the number of Shares awarded to PDMRs are detailed below:

Name of Executive Director/PDMR	Position (Executive Director/PDMR)	Number of options granted under the ESOP	Number of Shares awarded under the PSP
Pedro Magalhaes	PDMR	12,170	433

Notes

1.    The Company's ordinary shares of 20 pence per share ("Shares")

The share awards made under the ESOP and PSP are a conditional right to receive up to the number of options or Shares stated and will vest to the extent that certain performance criteria are satisfied by the Company over a three-year period from 1 October 2021 to the end of the Company's financial year in 2024.

The performance condition attaching to the ESOP awards is that adjusted earnings per share ("EPS") should be 52.8p for threshold vesting at which 20% of the award shall vest, increasing on a straight line basis to 100% of the award vesting at 61.5p.

The performance condition attaching to the PSP award has two elements. Half of the shares under award shall be measured on relative Total Shareholder Return ("TSR") against the FTSE 250 (excluding investment trusts) and 20% of that part of the award shall vest at median performance, rising on a straight line to 100% of the award vesting at upper quartile performance. The other half of the shares under award shall be measured on adjusted EPS with threshold vesting at 52.8p, at which 20% of the that element of the award shall vest, increasing on a straight line basis to 100% of the award vesting at 61.5p.

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	Pedro Magalhaes
Reason for the notification
(a)	Position/status	BRAZIL 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	GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC EXECUTIVE SHARE OPTION PLAN (ESOP) AND 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP)
(c)	Price(s) and volume(s)	Price(s) £9.240 £0	Volume(s) 12,170 (ESOP) 433 (PSP)
(d)	Aggregated information -     Aggregated volume -     Price	12,603 £0
(e)	Date and time of the transaction	1 June 2021
(f)	Place of the transaction	Outside a trading venue

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