Remuneration Information • Sep 8, 2017
Remuneration Information
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RNS Number : 2917Q
Essentra plc
08 September 2017
Essentra plc
08 September 2017
Notification of Transactions of Persons Discharging Managerial Responsibilities
('PDMR')
Essentra plc Long Term Incentive Plan Part B September 2017 Award
Essentra plc (the 'Company') was advised that the following named persons were granted on 08 September 2017 the following nil cost Share Awards ('Awards') over Ordinary Shares of 25p each in the Company under the Company's Long Term Incentive Plan Part B.
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulations 596/2014
| PDMR | Position | Number of shares awarded2 |
| Paul Forman1 | Group Chief Executive | 387,076 |
| Stefan Schellinger | Chief Financial Officer | 111,478 |
| Richard Cammish | Chief Information Officer | 72,770 |
| Scott Fawcett | Managing Director Component Solutions | 85,156 |
| Jon Green | Company Secretary & General Counsel | 61,932 |
| Gavin Leathem | Group Human Resources director | 63,170 |
| Iain Percival | Managing Director, Health & Personal Care Packaging, EU & Asia | 97,543 |
| Joanna Speed | Corporate Affairs director | 52,054 |
| Brett York | President Health & Personal Care Packaging, Americas | 50,072 |
1 As disclosed in the 2016 Remuneration Report, Paul Forman's Awards comprise a 2017 LTIP award over shares of 200% of salary and a one-off recruitment award of shares of 100% of salary to compensate him for incentives foregone when he left his previous employer.
2 As previously announced, the granting of this year's Awards was delayed until after the completion of the Company's Strategic Review to ensure that the Awards would be appropriately aligned with the revised strategy. Following the conclusion of the Strategic Review and presentation to shareholders on Capital Markets Day on 28 July 2017, the Remuneration Committee has agreed that the Awards should be subject to the performance conditions set out below.
| Proportion of Awards to be based on measure | Measurement period | Threshold performance target (25% vests) |
Maximum performance target (100% vests) |
|
| TSR relative to FTSE 250 (excluding investment trusts) |
33.33% | 2017-19 | Median | Upper quartile |
| Adjusted EPS | 33.33% | 2019 | 27.4p in 2019 | 32.0p in 2019 |
| Adjusted cumulative operating cash flow | 33.33% | 2017-19 | £226m | £276m |
All the Awards listed above are, in normal circumstances, conditional until 08 September 2020 when, subject to the satisfaction of the relevant performance conditions, the Awards will vest. No payment is due from the PDMR to the Company on vesting. 2017 LTIP awards granted to the Group Chief Executive and Group Finance Director will be subject to an additional two year holding period.
For further information please contact:
Jon Green
General Counsel and Company Secretary
T: 01908 359100
08 September 2017
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 | Paul Forman |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive |
| b) | Initial notification/ Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Essentra plc |
| b) | LEI | 5493007MOZNA03BVNE96 |
| 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 25 pence each GB00B0744359 |
| b) | Nature of the transaction | Grant of Performance Shares under the Essentra plc Long Term Incentive Plan Part B. |
| c) | Price(s) and volume(s) | Price Volume Nil 387,076 |
| d) | Aggregated | 387,076 |
| information | ||
| Aggregated volume | ||
| Price | Nil | |
| Total | ||
| e) | Date of the transaction | 08 September 2017 |
| 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 | Stefan Schellinger |
| 2 | Reason for the notification | |
| a) | Position/status | 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 | Essentra plc |
| b) | LEI | 5493007MOZNA03BVNE96 |
| 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 25 pence each GB00B0744359 |
| b) | Nature of the transaction | Grant of Performance Shares under the Essentra plc Long Term Incentive Plan Part B. |
| c) | Price(s) and volume(s) | Price Volume Nil 111,478 |
| d) | Aggregated | 111,478 |
| information | ||
| Aggregated volume | ||
| Price | Nil | |
| Total | ||
| e) | Date of the transaction | 08 September 2017 |
| 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 | Richard Cammish |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Information Officer |
| b) | Initial notification/ Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Essentra plc |
| b) | LEI | 5493007MOZNA03BVNE96 |
| 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 25 pence each GB00B0744359 |
| b) | Nature of the transaction | Grant of Performance Shares under the Essentra plc Long Term Incentive Plan Part B. |
| c) | Price(s) and volume(s) | Price Volume Nil 72,770 |
| d) | Aggregated | 72,770 |
| information | ||
| Aggregated volume | ||
| Price | Nil | |
| Total | ||
| e) | Date of the transaction | 08 September 2017 |
| 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 | Scott Fawcett |
| 2 | Reason for the notification | |
| a) | Position/status | Managing Director Component Solutions |
| b) | Initial notification/ Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Essentra plc |
| b) | LEI | 5493007MOZNA03BVNE96 |
| 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 25 pence each GB00B0744359 |
| b) | Nature of the transaction | Grant of Performance Shares under the Essentra plc Long Term Incentive Plan Part B. |
| c) | Price(s) and volume(s) | Price Volume Nil 85,156 |
| d) | Aggregated | 85,156 |
| information | ||
| Aggregated volume | ||
| Price | Nil | |
| Total | ||
| e) | Date of the transaction | 08 September 2017 |
| 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 | Jon Green |
| 2 | Reason for the notification | |
| a) | Position/status | Company Secretary & General Counsel |
| b) | Initial notification/ Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Essentra plc |
| b) | LEI | 5493007MOZNA03BVNE96 |
| 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 25 pence each GB00B0744359 |
| b) | Nature of the transaction | Grant of Performance Shares under the Essentra plc Long Term Incentive Plan Part B. |
| c) | Price(s) and volume(s) | Price Volume Nil 61,932 |
| d) | Aggregated | 61,932 |
| information | ||
| Aggregated volume | ||
| Price | Nil | |
| Total | ||
| e) | Date of the transaction | 08 September 2017 |
| 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 | Gavin Leathem |
| 2 | Reason for the notification | |
| a) | Position/status | Group Human Resources Director |
| b) | Initial notification/ Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Essentra plc |
| b) | LEI | 5493007MOZNA03BVNE96 |
| 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 25 pence each GB00B0744359 |
| b) | Nature of the transaction | Grant of Performance Shares under the Essentra plc Long Term Incentive Plan Part B. |
| c) | Price(s) and volume(s) | Price Volume Nil 63,170 |
| d) | Aggregated | 63,170 |
| information | ||
| Aggregated volume | ||
| Price | Nil | |
| Total | ||
| e) | Date of the transaction | 08 September 2017 |
| 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 | Iain Percival |
| 2 | Reason for the notification | |
| a) | Position/status | Managing Director, Health & Personal Care Packaging, EU & Asia |
| b) | Initial notification/ Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Essentra plc |
| b) | LEI | 5493007MOZNA03BVNE96 |
| 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 25 pence each GB00B0744359 |
| b) | Nature of the transaction | Grant of Performance Shares under the Essentra plc Long Term Incentive Plan Part B. |
| c) | Price(s) and volume(s) | Price Volume Nil 97,543 |
| d) | Aggregated | 97,543 |
| information | ||
| Aggregated volume | ||
| Price | Nil | |
| Total | ||
| e) | Date of the transaction | 08 September 2017 |
| 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 | Joanna Speed |
| 2 | Reason for the notification | |
| a) | Position/status | Corporate Affairs Director |
| b) | Initial notification/ Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Essentra plc |
| b) | LEI | 5493007MOZNA03BVNE96 |
| 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 25 pence each GB00B0744359 |
| b) | Nature of the transaction | Grant of Performance Shares under the Essentra plc Long Term Incentive Plan Part B. |
| c) | Price(s) and volume(s) | Price Volume Nil 52,054 |
| d) | Aggregated | 52,054 |
| information | ||
| Aggregated volume | ||
| Price | Nil | |
| Total | ||
| e) | Date of the transaction | 08 September 2017 |
| 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 | Brett York |
| 2 | Reason for the notification | |
| a) | Position/status | President Health & Personal Care Packaging Americas |
| b) | Initial notification/ Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Essentra plc |
| b) | LEI | 5493007MOZNA03BVNE96 |
| 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 25 pence each GB00B0744359 |
| b) | Nature of the transaction | Grant of Performance Shares under the Essentra plc Long Term Incentive Plan Part B. |
| c) | Price(s) and volume(s) | Price Volume Nil 50,072 |
| d) | Aggregated | 50,072 |
| information | ||
| Aggregated volume | ||
| Price | Nil | |
| Total | ||
| e) | Date of the transaction | 08 September 2017 |
| f) | Place of the transaction | London Stock Exchange, Main Market - XLON |
This information is provided by RNS
The company news service from the London Stock Exchange
END
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