MCBRIDE PLC — Remuneration Information 2018

Sep 13, 2018

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RNS Number : 7448A

McBride PLC

13 September 2018

RNS Announcement

Notification and public disclosure of settlement of LTIP and DBP Awards to Directors

13 September 2018

McBride plc confirms that share related awards have vested under the terms of both the McBride plc 2014 Long Term Incentive Plan (the LTIP) and the McBride plc 2012 Deferred Annual Bonus Plan (the DBP) to Directors as set out below. 

Long Term Incentive Plan

The awards were vested at the end of a three-year period in accordance with the achievement of performance targets set out in the LTIP, and will not require any payment from the individuals.  The awards were settled partly in shares and partly in cash (in lieu of shares). The cash settled element was at no greater than equal to such number of reference shares, as would have otherwise been sold to cover taxes.

Name	Status	No. of reference shares subject to vesting	No. of reference shares cash settled at £1.28 per share	No. of reference shares share settled
Rik De Vos Chief Executive Officer	Director	219,790	103,301	116,489
Chris Smith Chief Finance Officer	Director	137,368	25,500	111,868

Deferred Annual Bonus Plan

The awards were vested at the end of a three-year period and reflect the proportion of the 2015 annual bonus deferred as agreed by the Remuneration Committee at that time.  The awards were settled in shares and then sales of sufficient of such shares arranged on the same day to cover taxes and sales fees.

Name	Status	No. of shares subject to vesting	No. of shares sold to cover taxes and fees at £1.3520	No. of shares retained net of taxes and fees
Rik De Vos Chief Executive Officer	Director	39,062	18,397	20,665
Chris Smith Chief Finance Officer	Director	28,170	13,267	14,903

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	314,041	0.172%	1,032,023
Chris Smith	249,543	0.137%	599,235

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 in respect of 219,790 reference shares. The award was settled partly in shares and partly in cash (in lieu of shares).

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil Nil	116,489 - Number of reference shares acquired 103,301 - Number of reference shares cash settled at £1.28.

d)

Aggregated information

Aggregated volume

Price

As above

e)

Date of the transaction

10 September 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

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 Deferred Annual Bonus Plan as a conditional award of shares and immediate disposal of a number of such shares.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil Sold at £1.3520 per share	39,062 - Number of shares acquired 18,397 - Number of shares sold.

d)

Aggregated information

Aggregated volume

Price

As above

e)

Date of the transaction

11 September 2018

f)

Place of transaction

In respect of the settlement outside of a trading venue. In respect of the sales on the London Stock Exchange.

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 Finance 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 in respect of 137,368 reference shares. The award was settled partly in shares and partly in cash (in lieu of shares).

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil Nil	111,868* - Number of reference shares acquired 25,500 - Number of reference shares cash settled at £1.28.
*12,000 shares immediately allocated to PCA as notified below.

d)

Aggregated information

Aggregated volume

Price

As above

e)

Date of the transaction

10 September 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 Finance 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

Acquisition of shares for nil consideration

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	12,000 - Number of shares acquired

d)

Aggregated information

Aggregated volume

Price

As above

e)

Date of the transaction

10 September 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 Finance 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 Deferred Annual Bonus Plan as a conditional award of shares and immediate disposal of a number of such shares.  

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil Sold at £1.3520 per share	28,170 - Number of shares acquired 13,267 - Number of shares sold

d)

Aggregated information

Aggregated volume

Price

As above

e)

Date of the transaction

11 September 2018

f)

Place of transaction

In respect of the settlement outside of a trading venue. In respect of the sales on the London Stock Exchange.

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END

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