Compass Group PLC

Director's Dealing • Nov 22, 2018

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RNS Number : 2380I

Compass Group PLC

22 November 2018

LEI: 2138008M6MH9OZ6U2T68

COMPASS GROUP PLC

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

COMPASS GROUP PLC: DIRECTOR/PDMR SHAREHOLDINGS

Compass Group PLC (the "Company") announces the following changes in the interests of Directors and Persons Discharging Managerial Responsibility ("PDMR") in ordinary shares of 11 1/20 pence each in the share capital of the Company ("Shares").

1. Long Term Incentive Plan Release

Following satisfaction of the corporate performance conditions in the three years ended 30 September 2018, on 20 November 2018, awards made on 25 November 2015 and 12 May 2016 under The Compass Group Long Term Incentive Plan 2010 ("LTIP") subject to Total Shareholder Return, Adjusted free Cash Flow and Return on Capital Employed performance conditions vested at 94.96%, and those subject to Adjusted free Cash Flow and Return on Capital Employed performance conditions vested at 92.45%. The following Shares were released and issued on 21 November 2018:

Name	Director / PDMR	Number of shares awarded	Number of Shares vested
Dominic Blakemore	Director	118,518 1	112,550
Johnny Thomson	Director	106,482 1	101,120
Gary Green	Director	148,479 1	141,002
Christopher Garside	PDMR	5,874 2	5,430
Robin Mills	PDMR	34,722 1	32,974
Sandra Moura	PDMR	10,192 2	9,422
Juergen Thamm	PDMR	9,974 2	9,221
Mark van Dyck	PDMR	50,5442	47,999

1 LTIP granted 25 November 2015

2 LTIP granted 12 May 2016

The Shares noted below were sold on 21 November 2018 at 16.863494 pence per Share in order to realise sufficient funds to settle resultant tax and social security liabilities arising from such issue:

Name	Number of Shares sold
Dominic Blakemore	52,612
Johnny Thomson	47,009
Gary Green	63,035
Christopher Garside	2,541
Robin Mills	15,420
Sandra Moura	4,409
Juergen Thamm	4,731
Mark van Dyck	22,444

Miss Moura, Messrs Blakemore, Thomson, Green, Garside, Mills and Thamm retained their balancing Shares consisting of 5,013, 59,938,  54,111, 77,967, 2,889, 17,554 and 4,490 Shares respectively. Mr van Dyck sold a further 25,555 Shares at the same time and at the same price, 16.863494 pence per Share.

Resultant Shareholdings

Following the transactions detailed above, total interests in Shares for the Directors and PDMRs noted above are as shown below:

Name	## Number of Shares	## Percentage of Issued Share Capital (excl. Treasury Shares)
Dominic Blakemore	197,462	0.0125
Johnny Thomson	209,521	0.0132
Gary Green	333,562	0.0211
Christopher Garside	3,855	0.0002
Robin Mills	22,865	0.0014
Sandra Moura	23,802	0.0015
Juergen Thamm	131,163	0.0083
Mark van Dyck	50,053	0.0032

Note: For the awards granted on 25 November 2015 to the then directors and PDMRs in office on that date, and in respect of the award made to Mark van Dyck on 12 May 2016, three corporate performance conditions were required to be met. 100% of the Total Shareholder Return criterion, 100% of the Adjusted Free Cash Flow criterion and 84.89% of the Return on Capital Employed criterion resulted in 94.96% of each respective award vesting.

For the awards granted to Christopher Garside, Sandra Moura and Juergen Thamm, two corporate performance conditions were required to be met. 100% of the Adjusted Free Cash Flow criterion and 84.89% of the Return on Capital Employed criterion resulted in 92.45% of each respective award vesting.

The following notifications have been made to the Financial Conduct Authority in accordance with the requirements of the EU Market Abuse Regulation in respect of the above:

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Dominic Blakemore

2

Reason for the notification

a)

Position/status

Executive director

b)

Initial notification/

Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Compass Group PLC

b)

LEI

2138008M6MH9OZ6U2T68

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 11 1/20 pence each in Compass Group PLC ("Shares")

GB00BD6K4575

b)

Nature of the transaction

Acquisition of 112,550 Shares pursuant to release of awards under the 2015/16 Long Term Incentive Plan vesting at 1673 pence per share being the closing price on 20 November 2018, and sale of 52,612 Shares at 1686.3494 pence per Share to cover tax and social security obligations on 21 November 2018.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	GBP 16.863494	52,612

d)

Aggregated information

Aggregated volume

Price

Total

52,612

GBP 16.863494

GBP 887,222.15

e)

Date of the transaction

21 November 2018

f)

Place of the transaction

London Stock Exchange, Main Market - XLON

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Johnny Thomson

2

Reason for the notification

a)

Position/status

Executive director

b)

Initial notification/

Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Compass Group PLC

b)

LEI

2138008M6MH9OZ6U2T68

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 11 1/20 pence each in Compass Group PLC ("Shares")

GB00BD6K4575

b)

Nature of the transaction

Acquisition of 101,120 Shares pursuant to release of awards under the 2015/16 Long Term Incentive Plan vesting at 1673 pence per share being the closing price on 20 November 2018, and sale of 47,009 Shares at 1686.3494 pence per Share to cover tax and social security obligations on 21 November 2018.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	GBP 16.863494	47,009

d)

Aggregated information

Aggregated volume

Price

Total

47,009

GBP 16.863494

GBP 792,735.99

e)

Date of the transaction

21 November 2018

f)

Place of the transaction

London Stock Exchange, Main Market - XLON

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gary Green

2

Reason for the notification

a)

Position/status

Executive director

b)

Initial notification/

Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Compass Group PLC

b)

LEI

2138008M6MH9OZ6U2T68

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 11 1/20 pence each in Compass Group PLC ("Shares")

GB00BD6K4575

b)

Nature of the transaction

Acquisition of 141,002 Shares pursuant to release of awards under the 2015/16 Long Term Incentive Plan vesting at 1673 pence per share being the closing price on 20 November 2018, and sale of 63,035 Shares at 1686.3494 pence per Share to cover tax and social security obligations on 21 November 2018.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	GBP 16.863494	63,035

d)

Aggregated information

Aggregated volume

Price

Total

63,035

GBP 16.863494

GBP 1,062,990.34

e)

Date of the transaction

21 November 2018

f)

Place of the transaction

London Stock Exchange, Main Market - XLON

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Christopher Garside

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/

Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Compass Group PLC

b)

LEI

2138008M6MH9OZ6U2T68

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 11 1/20 pence each in Compass Group PLC ("Shares")

GB00BD6K4575

b)

Nature of the transaction

Acquisition of 5,430 Shares pursuant to release of awards under the 2015/16 Long Term Incentive Plan vesting at 1673 pence per share being the closing price on 20 November 2018, and sale of 2,541 Shares at 1686.3494 pence per Share to cover tax and social security obligations on 21 November 2018.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	GBP 16.863494	2,541

d)

Aggregated information

Aggregated volume

Price

Total

2,541

GBP 16.863494

GBP 42,850.14

e)

Date of the transaction

21 November 2018

f)

Place of the transaction

London Stock Exchange, Main Market - XLON

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Robin Mills

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/

Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Compass Group PLC

b)

LEI

2138008M6MH9OZ6U2T68

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 11 1/20 pence each in Compass Group PLC ("Shares")

GB00BD6K4575

b)

Nature of the transaction

Acquisition of 32,974 Shares pursuant to release of awards under the 2015/16 Long Term Incentive Plan vesting at 1673 pence per share being the closing price on 20 November 2018, and sale of 15,420 Shares at 1686.3494 pence per Share to cover tax and social security obligations on 21 November 2018.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	GBP 16.863494	15,420

d)

Aggregated information

Aggregated volume

Price

Total

15,420

GBP 16.863494

GBP 260,035.08

e)

Date of the transaction

21 November 2018

f)

Place of the transaction

London Stock Exchange, Main Market - XLON

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sandra Moura

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/

Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Compass Group PLC

b)

LEI

2138008M6MH9OZ6U2T68

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 11 1/20 pence each in Compass Group PLC ("Shares")

GB00BD6K4575

b)

Nature of the transaction

Acquisition of 9,422 Shares pursuant to release of awards under the 2015/16 Long Term Incentive Plan vesting at 1673 pence per share being the closing price on 20 November 2018, and sale of 4,409 Shares at 1686.3494 pence per Share to cover tax and social security obligations on 21 November 2018.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	GBP 16.863494	4,409

d)

Aggregated information

Aggregated volume

Price

Total

4,409

GBP 16.863494

GBP 74,351.15

e)

Date of the transaction

21 November 2018

f)

Place of the transaction

London Stock Exchange, Main Market - XLON

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Juergen Thamm

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/

Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Compass Group PLC

b)

LEI

2138008M6MH9OZ6U2T68

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 11 1/20 pence each in Compass Group PLC ("Shares")

GB00BD6K4575

b)

Nature of the transaction

Acquisition of 9,221 Shares pursuant to release of awards under the 2015/16 Long Term Incentive Plan vesting at 1673 pence per share being the closing price on 20 November 2018, and sale of 4,731 Shares at 1686.3494 pence per Share to cover tax and social security obligations on 21 November 2018.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	GBP 16.863494	4,731

d)

Aggregated information

Aggregated volume

Price

Total

4,731

GBP 16.863494

GBP 79,781.19

e)

Date of the transaction

21 November 2018

f)

Place of the transaction

London Stock Exchange, Main Market - XLON

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark van Dyck

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification/

Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Compass Group PLC

b)

LEI

2138008M6MH9OZ6U2T68

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 11 1/20 pence each in Compass Group PLC ("Shares")

GB00BD6K4575

b)

Nature of the transaction

Acquisition of 47,999 Shares pursuant to release of awards under the 2015/16 Long Term Incentive Plan vesting at 1673 pence per share being the closing price on 20 November 2018, and sale of 47,999 Shares at 1686.3494 pence per Share on 21 November 2018.

c)

Price(s) and volume(s)

	Price(s)	Volume(s)
1.	GBP 16.863494	47,999

d)

Aggregated information

Aggregated volume

Price

Total

47,999

GBP 16.863494

GBP 809,430.85

e)

Date of the transaction

21 November 2018

f)

Place of the transaction

London Stock Exchange, Main Market - XLON

ENDS

Enquiries:

Investors/Analysts:         Alison Yapp, General Counsel & Company Secretary

Sandra Moura, Investor Relations and Corporate Affairs Director

Note to Editors: Compass Group PLC is the world's leading food service company, which generated annual revenues of £23.2 billion in the year to 30 September 2018.  It operates in around 50 countries, employs and engages around 600,000 people and serves over 5.5 billion meals a year. The Company specialises in providing food and a range of support services across the core sectors of Business & Industry, Healthcare & Seniors, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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