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Future PLC — Remuneration Information 2019
Nov 25, 2019
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Remuneration Information
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RNS Number : 5910U
Future PLC
25 November 2019
The attached individual notifications made under article 19.1 of the Market Abuse Regulation ("MAR") relate to the issuance of awards under the terms of the Future plc Performance Share Plan ("PSP") and Deferred Annual Bonus Plan ("DABS") to a person discharging managerial responsibilities ("PDMR"). This announcement is made in accordance with article 19.3 of MAR.
The PSP Award will vest three years from the date of grant, at no cost to the participant, in accordance with the rules of the PSP, provided that the participant remains in employment of the Group at the vesting date and subject to performance targets having been met. Vesting of the PSP Award is subject to both EPS and Absolute TSR performance conditions. Further details of the targets will be published shortly in the 2019 Annual Report and Accounts. The number of shares shown below represents the potential maximum if all the performance conditions are achieved in full. Any awards vesting will be subject to a mandatory two-year holding period.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Zillah Byng-Thorne
2
Reason for the notification
a)
Position/status
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
Future plc
b)
LEI
213800K2581YRLEXV353
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 15p each
GB00BYZN9041
b)
Nature of the transaction
Grant of share awards under the PSP. Subject to achievement of performance conditions, the award will vest on 24 November 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 67,185 |
d)
Aggregated information
- Aggregated volume
- Price
67,185
Nil
e)
Date of the transaction
25 November 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Penny Ladkin-Brand
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
Future plc
b)
LEI
213800K2581YRLEXV353
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 15p each
GB00BYZN9041
b)
Nature of the transaction
Grant of share awards under the PSP. Subject to achievement of performance conditions, the award will vest on 24 November 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 41,337 |
d)
Aggregated information
- Aggregated volume
- Price
41,337
Nil
e)
Date of the transaction
25 November 2019
f)
Place of the transaction
Outside a trading venue
The DABS Award represents the deferral of 50% of a PDMR's annual cash bonus into Future plc shares and will vest two years from the date of grant, at no cost to the participant, in accordance with the rules of the DABS.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Zillah Byng-Thorne
2
Reason for the notification
a)
Position/status
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
Future plc
b)
LEI
213800K2581YRLEXV353
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 15p each
GB00BYZN9041
b)
Nature of the transaction
Grant of share awards under the DABS. Subject to malus and clawback provisions, the award will vest on 24 November 2021.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 25,194 |
d)
Aggregated information
- Aggregated volume
- Price
25,194
Nil
e)
Date of the transaction
25 November 2019
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Penny Ladkin-Brand
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
Future plc
b)
LEI
213800K2581YRLEXV353
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 15p each
GB00BYZN9041
b)
Nature of the transaction
Grant of share awards under the DABS. Subject to malus and clawback provisions, the award will vest on 24 November 2021.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 12,155 |
d)
Aggregated information
- Aggregated volume
- Price
12,155
Nil
e)
Date of the transaction
25 November 2019
f)
Place of the transaction
Outside a trading venue
Tim Maw
Company Secretary
(Responsible for releasing this announcement)
25 November 2019
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 [email protected] or visit www.rns.com.
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