FULLER,SMITH & TURNER PLC — Remuneration Information 2020

Jan 17, 2020

Fuller, Smith & Turner PLC (FSTA) 16-Jan-2020 / 14:45 GMT/BST Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

Fuller, Smith & Turner P.L.C.

Share Scheme Awards and Adjustments

At its meeting on 15 January 2020, the Remuneration Committee made awards under the Company's Long-Term Incentive Plan ("LTIP") which included the notifiable awards set out below.

All awards are over a combination of both 40p 'A' ordinary and 4p 'B' ordinary shares.

The calculation of the awards was based on the closing price as at 14 January 2020, being £9.61 for 'A' shares and £0.961 (notionally) for 'B' shares.

At the same meeting, the Remuneration Committee granted options under the Company's Executive Share Option Scheme ("ESOS") which included the notifiable awards set out below.

The options granted are over 40p 'A' ordinary shares and the option price was based on the closing price as at 14 January 2020, being £9.61.

An award amounts to a contractual right to acquire an interest in shares, provided the director remains an employee at the third anniversary of the grant (the normal vesting date), and only to the extent that the performance condition attached to the scheme is met. These criteria are based on a sliding scale which may result in less than the full award vesting.

As explained in the circular dated 6 September 2019 issued to shareholders in connection with the Return of Capital following the Disposal of the Fuller's Beer Business, the Remuneration Committee also adjusted awards subsisting under the LTIP on 1st October 2019 (being the record date for the for participating in the Return of Capital) to reflect the value the participants would otherwise have received. The price used to determine the additional number of shares was the closing 'A' share price on 1 October 2019 (being £11.975) less the per share value of the Return of capital (being £1.25). This amounted to £10.725 for A ordinary shares under award and £1.0725 for B ordinary shares under award. The adjustments included the notifiable awards set out below.

Finally, the Remuneration Committee also adjusted the award made in August 2019 under the Company's Deferred Bonus Plan on the same basis as for the LTIP above. The adjustment included the notifiable award set out below.

Enquiries: Severine Bequin 020 8996 2073 Company Secretary

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 Simon Emeny
2. Reason for the notification
a) Position/status	CEO
b) Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name	Fuller, Smith & Turner P.L.C.
b) LEI	213800C7ACOFMRCQQW76
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	A ordinary Shares of 40p each B Ordinary Shares of 4p each
Identification code	A shares - GB00B1YPC344

		B shares- unlisted
	b) Nature of the transaction	Award made under the Fuller, Smith & Turner P.L.C. Long Term Incentive Plan 2018
	c) Price(s) and volume(s)	Price Volume
			A shares	Share Price B shares		Share Price
		LTIP22	45,785	£9.61	114,464	£0.961
	d) Aggregated		As Above
	information
	Aggregated volume		As above
	Price		As Above
	e) Date of the transaction	15/01/2020
	f) Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Simon Emeny
2.	Reason for the notification
a)	Position/status	CEO
b)	Initial notification/Amendment	Amendment
3.			Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Fuller, Smith & Turner P.L.C.
b)	LEI	213800C7ACOFMRCQQW76
4.	and (iv) each place where transactions have been conducted		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date;
a)	Description of the financial instrument, type of instrument	A ordinary Shares of 40p each B Ordinary Shares of 4p each
	Identification code	A shares - GB00B1YPC344 B shares- unlisted
b)	Nature of the transaction	Adjustment of existing award under Fuller, Smith & Tuner P.L.C. Long Term Incentive Plan 2008
c)	Price(s) and volume(s)	Price Volume
			Original number of A shares under award	Increase in the number of A shares under award	A Share Price for the purpose of adjustment	Original number of B shares under award	Increase in the number of B shares under award	B Share Price for the purpose of adjustment
		LTIP20	36,595	4,265	£10.725	91,489	10,663	£1.0725
		LTIP21	40,000	4,662	£10.725	100,000	11,655	£1.0725
		TOTAL	76,595	8,927		191,489	22,318
d)	Aggregated information	As Above
	Aggregated volume	As Above
	Price	As Above
e)	Date of the transaction	15/01/20
f)	Place of the transaction		Outside of a trading venue
1.	Details of the person discharging managerial responsibilities/person closely associated

a)	Name	Simon Emeny
2.	Reason for the notification
a)	Position/status	CEO
b)	Initial notification/Amendment	Amendment
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Fuller, Smith & Turner P.L.C.
b)	LEI		213800C7ACOFMRCQQW76
4.	and (iv) each place where transactions have been conducted		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date;
a)	Description of the financial instrument, type of instrument	A Ordinary Shares of 40p each
	Identification code	GB00B1YPC344
b)	Nature of the transaction			Adjustment of existing award under Fuller, Smith & Tuner P.L.C. Deferred Bonus Plan
c)	Price(s) and volume(s)	Price Volume
			Original number of A shares under award	Increase in the number of A shares underaward	A Share Price for the purpose of adjustment
		DBP19	4,424	515	£10.725
d)	Aggregated information	As Above
	Aggregated volume	As Above
	Price	As Above
e)	Date of the transaction	15/01/20
f)	Place of the transaction		Outside of a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		Adam Councell
2.	Reason for the notification
a)	Position/status		Finance Director
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Fuller, Smith & Turner P.L.C.
b)	LEI	213800C7ACOFMRCQQW76
4.	and (iv) each place where transactions have been conducted		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date;
a)	Description of the financial instrument, type of instrument	A ordinary Shares of 40p each B Ordinary Shares of 4p each
	Identification code	A shares - GB00B1YPC344 B shares- unlisted
b)	Nature of the transaction	Award made under the Fuller, Smith & Turner P.L.C. Long Term Incentive Plan 2018
c)	Price(s) and volume(s)	Price Volume
			A shares	Share Price B shares		Share Price
		LTIP22	28,844	£9.61	72,112	£0.961
d)	Aggregated information	As Above

	Aggregated volume	As Above
	Price	As Above
e)	Date of the transaction	15/01/20
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Adam Councell
2.	Reason for the notification
a)	Position/status	Finance Director
b)	Initial notification/Amendment	Initial
3.			Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Fuller, Smith & Turner P.L.C.
b)	LEI	213800C7ACOFMRCQQW76
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) A ordinary Shares of 40p each Description of the financial instrument, type of instrument
	Identification code	GB00B1YPC344
b)	Nature of the transaction	Option granted under the Fuller Smith & Turner P.L.C. Executive Share Option Scheme 2018
c)	Price(s) and volume(s)	Price		Volume
		ESOS19 3,121	A shares Share Price £9.61
d)	Aggregated information	As Above
	Aggregated volume	As Above
	Price	As Above
e)	Date of the transaction	15/01/20
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Fred Turner
2.	Reason for the notification
a)	Position/status	Retail Director
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Fuller, Smith & Turner P.L.C.
b)	LEI	213800C7ACOFMRCQQW76
4.	and (iv) each place where transactions have been conducted	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date;
a)		A ordinary Shares of 40p each

a)	Description of the financial instrument, type of instrument	A ordinary Shares of 40p each B Ordinary Shares of 4p each A shares - GB00B1YPC344 B shares- unlisted
	Identification code
b)	Nature of the transaction	Award made under the Fuller, Smith & Turner P.L.C. Long Term Incentive Plan 2018
c)	Price(s) and volume(s)	Price	Volume
			A shares	Share Price B shares		Share Price
		LTIP22	13,735	£9.61	34,339	£0.961
d)	Aggregated information	As Above
	Aggregated volume	As Above
	Price	As Above
e)	Date of the transaction	15/01/20
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Fred Turner
2.	Reason for the notification
a)	Position/status		Retail Director
b)	Initial notification/Amendment	Amendment
3.			Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Fuller, Smith & Turner P.L.C.
b)	LEI		213800C7ACOFMRCQQW76
4.	and (iv) each place where transactions have been conducted		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date;
a)	Description of the financial instrument, type of instrument		A ordinary Shares of 40p each B Ordinary Shares of 4p each
	Identification code	A shares - GB00B1YPC344 B shares- unlisted
b)	Nature of the transaction		Adjustment of existing award under Fuller, Smith & Tuner P.L.C. Long Term Incentive Plan 2008
c)	Price(s) and volume(s)	Price	Volume
			Original number of A s hares under award	Increas e in the number of A s hares under award	A Share Price for the purpos e of a djustment	Original number of B s hares under award	Increas e in the number of B s hares under award	B Share Price for the purpos e of a djustment
		LTIP20	4,883	569	£10.725	12,209	1,422	£1.0725
		LTIP21 TOTAL	1,237 6120	144 713	£10.725	3,094 15,303	360 1,782	£1.0725
d)	Aggregated information	As Above
	Aggregated volume	As Above
	Price	As Above
e)	Date of the transaction	15/01/20
f)	Place of the transaction		Outside of a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Fred Turner
2.	Reason for the notification
a)	Position/status	Retail Director
b)	Initial notification/Amendment	Initial
3.		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Fuller, Smith & Turner P.L.C.
b)	LEI	213800C7ACOFMRCQQW76
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	A ordinary Shares of 40p each A shares - GB00B1YPC344
	Identification code
b)	Nature of the transaction	-Option Granted under the Fuller, Smith & Turner P.L.C. Executive Share Option Scheme 2018
c)	Price(s) and volume(s)	Price Volume
		A shares Share Price ESOS19 520 £9.61
d)	Aggregated information	As Above
	Aggregated volume	As Above
	Price	As Above
e)	Date of the transaction	15/01/20
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Richard Fuller
2.	Reason for the notification
a)	Position/status	Corporate Affairs Director
b)	Initial notification/Amendment	Amendment
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Fuller, Smith & Turner P.L.C.
b)	LEI	213800C7ACOFMRCQQW76
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	A ordinary Shares of 40p each B Ordinary Shares of 4p each
	Identification code	A shares - GB00B1YPC344 B shares- unlisted

b)	Nature of the transaction		Adjustment of existing award under Fuller, Smith & Tuner P.L.C. Long Term Incentive Plan 2008
c)	Price(s) and volume(s)	Price	Volume
			Original number of A s hares under award	Increas e in the number of A s hares under award	A Share Price for the purpos e of a djustment	Original number of B s hares under award	Increas e in the number of B s hares under award	B Share Price for the purpos e of a djustment
		LTIP20	11,808	1,376	£10.725	29,521	3,440	£1.0725
		LTIP21	12,906	1,504	£10.725	32,267	3,760	£1.0725
		TOTAL	24,714	2,880		61,788	7,200
d)	Aggregated information		As Above
	Aggregated volume		As Above
	Price		As Above
e)	Date of the transaction	15/01/20
f)	Place of the transaction		Outside of a trading venue

ISIN: GB00B1YPC344 Category Code: DSH TIDM: FSTA OAM Categories:3.1.Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 41093 EQS News ID: 955433

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