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Glenveagh Properties Plc Director's Dealing 2023
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 3610U
Glenveagh Properties plc
27 March 2023
27 March 2023
Glenveagh Properties plc
Awards under the Glenveagh Properties plc Long Term Incentive Plan
On 23 March 2023, the following awards were granted under the Glenveagh Properties plc Long Term Incentive Plan ("LTIP"):
| Name of Director/PDMR | Role | No. of Share Options under Award |
| Stephen Garvey | Chief Executive Officer | 1,174,168 |
| Michael Rice | Chief Financial Officer | 684,932 |
| Tony McLoughlin | Managing Director - Planning, Design, Manufacturing and Operations | 220,157 |
| Wesley Rothwell | Chief Commercial Officer | 216,487 |
| Barney O'Reilly | Head of Construction | 183,464 |
| Conor Murtagh | Chief Strategy Officer | 183,464 |
| Chloe McCarthy | Group Company Secretary | 146,771 |
The number of shares awarded under the LTIP is based on the closing price on Euronext Dublin on 22 March 2023, the dealing day immediately preceding the date of grant.
As detailed in the 2022 Annual Report, the Remuneration Committee committed to disclosing details in relation to the metrics and targets to apply to the 2023 LTIP award at the time of granting.
Following a comprehensive review of internal forecasts, and taking into account external expectations of future performance, the Company announces the following metrics and targets that will apply to the 2023 LTIP awards, to be achieved in FY2025:
| Metric | Weighting | Threshold Target (25%) | Maximum Target (100%) |
| EPS | 50% | 14c | 22c |
| ROE | 50% | 11% | 16.2% |
Vesting between threshold and maximum targets will be calculated on a straight-line basis.
For further information, please contact:
Glenveagh Properties plc
Chloe McCarthy
Company Secretary
Tel: +353 (1) 903 7100
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
Stephen Garvey
Reason for the notification
a)
Position/status
Chief Executive Officer/PDMR
b)
Initial Notification Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Glenveagh Properties plc
b)
LEI
635400QUQ2YYGMOAK834
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
Glenveagh Properties plc Ordinary Shares of €0.001 each
ISIN: IE00BD6JX574
b)
Nature of the transaction
Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.001 | 1,174,168 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
23 March 2023
f)
Place of the transaction
Outside a trading venue
g)
Additional Information
Period during which options can be exercised:
22 March 2026 to 23 March 2030
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
Michael Rice
Reason for the notification
a)
Position/status
Chief Financial Officer/PDMR
b)
Initial Notification Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Glenveagh Properties plc
b)
LEI
635400QUQ2YYGMOAK834
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
Glenveagh Properties plc Ordinary Shares of €0.001 each
ISIN: IE00BD6JX574
b)
Nature of the transaction
Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.001 | 684,932 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
23 March 2023
f)
Place of the transaction
Outside a trading venue
g)
Additional Information
Period during which options can be exercised:
22 March 2026 to 23 March 2030
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
Tony McLoughlin
Reason for the notification
a)
Position/status
Managing Director - Planning, Design, Manufacturing and Operations/PDMR
b)
Initial Notification Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Glenveagh Properties plc
b)
LEI
635400QUQ2YYGMOAK834
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
Glenveagh Properties plc Ordinary Shares of €0.001 each
ISIN: IE00BD6JX574
b)
Nature of the transaction
Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.001 | 220,157 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
23 March 2023
f)
Place of the transaction
Outside a trading venue
g)
Additional Information
Period during which options can be exercised:
22 March 2026 to 23 March 2030
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
Wesley Rothwell
Reason for the notification
a)
Position/status
Chief Commercial Officer/PDMR
b)
Initial Notification Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Glenveagh Properties plc
b)
LEI
635400QUQ2YYGMOAK834
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
Glenveagh Properties plc Ordinary Shares of €0.001 each
ISIN: IE00BD6JX574
b)
Nature of the transaction
Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.001 | 216,487 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
23 March 2023
f)
Place of the transaction
Outside a trading venue
g)
Additional Information
Period during which options can be exercised:
22 March 2026 to 23 March 2030
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
Barney O'Reilly
Reason for the notification
a)
Position/status
Head of Construction/PDMR
b)
Initial Notification Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Glenveagh Properties plc
b)
LEI
635400QUQ2YYGMOAK834
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
Glenveagh Properties plc Ordinary Shares of €0.001 each
ISIN: IE00BD6JX574
b)
Nature of the transaction
Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.001 | 183,464 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
23 March 2023
f)
Place of the transaction
Outside a trading venue
g)
Additional Information
Period during which options can be exercised:
22 March 2026 to 23 March 2030
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
Conor Murtagh
Reason for the notification
a)
Position/status
Chief Strategy Officer/PDMR
b)
Initial Notification Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Glenveagh Properties plc
b)
LEI
635400QUQ2YYGMOAK834
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
Glenveagh Properties plc Ordinary Shares of €0.001 each
ISIN: IE00BD6JX574
b)
Nature of the transaction
Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.001 | 183,464 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
23 March 2023
f)
Place of the transaction
Outside a trading venue
g)
Additional Information
Period during which options can be exercised:
22 March 2026 to 23 March 2030
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
Chloe McCarthy
Reason for the notification
a)
Position/status
Company Secretary/PDMR
b)
Initial Notification Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Glenveagh Properties plc
b)
LEI
635400QUQ2YYGMOAK834
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
Glenveagh Properties plc Ordinary Shares of €0.001 each
ISIN: IE00BD6JX574
b)
Nature of the transaction
Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| €0.001 | 146,771 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
23 March 2023
f)
Place of the transaction
Outside a trading venue
g)
Additional Information
Period during which options can be exercised:
22 March 2026 to 23 March 2030
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