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C&C Group Plc Remuneration Information 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 3990O
C&C Group Plc
10 June 2022
C&C Group plc
('C&C')
2022 Long Term Incentive Plan ('LTIP') Awards
On 9 June 2022, the Company's Executive Directors were granted the following awards under the LTIP, in the form of nil cost options over €0.01 ordinary shares in the Company:
| Name | Number of shares |
| David Forde | 458,023 |
| Patrick McMahon | 278,796 |
1 Calculated using a share price of £2.00 (being the mid-market closing price on the day before grant) converted into €2.3388 using an exchange rate of £1: €1.1694.
The awards will vest subject to the satisfaction of performance metrics based on Earnings per Share, Free Cash Flow and an Environmental metric assessed across the three-year performance period FY2023 - FY2025.
The vesting of the awards will be subject to an assessment of the Company's underlying financial performance across the three-year performance period. No award will vest until the end of the full three-year period, and Executive Directors' awards will then be subject to a further two-year holding period.
The details of the performance metrics for the awards are set out below.
Performance conditions
| Measure | Weighting | Further detail |
| Earnings per share | 45% | Threshold - 22.2c Maximum - 26.0c By the end of year 3 target range (end of FY25) rather than as a cumulative target. |
| Free cash flow | 35% | Threshold - 65% Maximum - 75% By the end of year 3 target range (end of FY25) rather than as a cumulative target. |
| Environmental | 20% | To give impetus to C&C's de-carbonisation efforts, the Company has set a target to reduce its Scope 1 and Scope 2 emissions* over the next three financial years ending FY2025. Threshold - 6% reduction Maximum - 12% reduction |
*Scope 1: direct emissions from owned or controlled sources, which includes emissions from company-owned or operated facilities and vehicles.
Scope 2: indirect emissions from the generation of purchased energy e.g. electricity, steam, heat and cooling.
In each case, threshold vesting will be 25% of the maximum.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
David Forde
2
Reason for the notification
a)
Position/status
Person discharging managerial responsibilities (Chief Executive Officer)
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
C&C Group plc
b)
LEI
635400LNUHA2LDXXV850
4
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 €0.01 each
ISIN: IE00B010DT83
b)
Nature of the transaction
Grant of options under the C&C 2015 Long Term Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 458,023 |
d)
Aggregated information
- Aggregated volume
- Price
Same as c)
e)
Date of the transaction
09/06/2022
f)
Place of the transaction
Outside a trading venue
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Patrick McMahon
2
Reason for the notification
a)
Position/status
Person discharging managerial responsibilities (Chief Financial Officer)
b)
Initial Notification Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
C&C Group plc
b)
LEI
635400LNUHA2LDXXV850
4
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 €0.01 each
ISIN: IE00B010DT83
b)
Nature of the transaction
Grant of options under the C&C 2015 Long Term Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 278,796 |
d)
Aggregated information
- Aggregated volume
- Price
Same as c)
e)
Date of the transaction
09/06/2022
f)
Place of the transaction
Outside a trading venue
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