MCBRIDE PLC — Remuneration Information 2018

Feb 27, 2018

National Storage Mechanism | Additional information

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RNS Number : 1428G

McBride PLC

27 February 2018

RNS Announcement

Notification and public disclosure of LTIP Awards to Directors and Persons Discharging Managerial Responsibilities ("PDMR")

27 February 2018

McBride plc confirms that awards of shares have vested under the terms of the McBride plc 2014 Long Term Incentive Plan (the Plan) to Directors as set out below. 

The awards were vested at the end of a three-year period in accordance with the achievement of performance targets set out in the Plan, and will not require any payment from the individuals.  The awards represent the net number of shares due after the addition of dividend shares and the appropriate tax and sale fees were taken into account.

Name	Status	No. of shares subject to vesting	No. of shares sold to cover taxes and fees	No. of shares retained net of taxes and fees
Rik De Vos Chief Executive Officer	Director	206,054	69,167	136,887
Chris Smith Chief Finance Officer	Director	154,540	72,779	81,761

These awards were satisfied by the transfer of 360,594 treasury shares.  Following this, the number of ordinary shares of 10 pence each with voting rights is 182,569,903.

Following the awards, total holding and interests of the Directors in ordinary shares in McBride plc are:

Name	Total holdings of ordinary shares	Percentage of current issued share capital (excluding treasury shares)	Total interest in ordinary shares
Rik De Vos	176,887	0.097%	960,031
Chris Smith	122,772	0.067%	585,504

This announcement and the following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation.

1.

Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")

a)

Name

Rik De Vos

2.

Reason for the notification

b)

Position/Status

Chief Executive Officer

c)

Initial notification/amendment

Initial Notification

3.

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

a)

Name

McBride plc

b)

LEI

213800HX7FMPA2CIEF02

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 10p each

GB0005746358

b)

Nature of the transaction

Vesting of an award under the Company's Long Term Incentive Plan as a conditional award of shares.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	192,123 - Number of shares vesting 13,931 - Number of shares awarded at vesting in lieu of dividends paid during vesting period. 136,887 - Number of shares acquired after reduction for appropriate tax and national insurance liabilities and sale fees

d)

Aggregated information

Aggregated volume

Price

As above

e)

Date of the transaction

23 February 2018

f)

Place of transaction

Outside of a trading venue

1.

Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")

a)

Name

Chris Smith

2.

Reason for the notification

b)

Position/Status

Chief Financial Officer

c)

Initial notification/amendment

Initial Notification

3.

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

a)

Name

McBride plc

b)

LEI

213800HX7FMPA2CIEF02

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 10p each

GB0005746358

b)

Nature of the transaction

Vesting of an award under the Company's Long Term Incentive Plan as a conditional award of shares.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	144,092 - Number of shares vesting 10,448 - Number of shares awarded at vesting in lieu of dividends paid during vesting period. 81,761* - Number of shares acquired after reduction for appropriate tax and national insurance liabilities and sale fees.
*20,000 shares allocated to PCA as notified below.

d)

Aggregated information

Aggregated volume

Price

As above

e)

Date of the transaction

23 February 2018

f)

Place of transaction

Outside of a trading venue

1.

Details of the Persons Discharging Managerial Responsibilities ("PDMR")/Relevant Employees/Person Closely Associated ("PCA")

a)

Name

Harriet Smith

2.

Reason for the notification

b)

Position/Status

PCA of Chris Smith, Chief Financial Officer

c)

Initial notification/amendment

Initial Notification

3.

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

a)

Name

McBride plc

b)

LEI

213800HX7FMPA2CIEF02

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 10p each

GB0005746358

b)

Nature of the transaction

Vesting of an award under the Company's Long Term Incentive Plan as a conditional award of shares.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	20,000 - Number of shares vesting

*20,000 shares allocated from Chris Smith vesting.

d)

Aggregated information

Aggregated volume

Price

As above

e)

Date of the transaction

23 February 2018

f)

Place of transaction

Outside of a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

END

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