MCCOLL'S RETAIL GROUP PLC — Director's Dealing 2019

May 3, 2019

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RNS Number : 0651Y

McColl's Retail Group plc

03 May 2019

McColl's Retail Group plc (the "Company")

Grant of Long Term Incentive Plan Awards

Notification of Transactions by Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs")

The Company announces the grant of LTIP Awards on 2 May 2019 to the following Directors of the Company in accordance with the rules of the McColl's Retail Group plc Long Term Incentive Plan (the "LTIP").

Director / PDMR	Number of ordinary shares of £0.001 each ("Shares") over which LTIP Awards were granted	Call Price per share
Jonathan Miller	364,240	£0.001
Dave Thomas	237,163	£0.001
Robbie Bell	505,350	£0.001

The awards of Jonathan Miller and Dave Thomas are based on the same number of shares as granted in the previous year rather than at 150% of salary, reflecting the Company's share price decline. The award for Robbie Bell, who was appointed Chief Financial Officer in January 2019, is equivalent to 125% of base salary (based on the mid-market closing price for McColl's shares on 1 May 2019, being the day immediately preceding the date of grant) and forms part of his recruitment package as disclosed in the Annual Report and Accounts 2018.

Awards will vest subject to the following performance conditions measured over the three-year performance period ending November 2021.

Performance Conditions
TSR Performance Condition (50%)	EPS Performance Condition (50%)	Percentage of element that will vest
Total Shareholder Return  (TSR) vs. constituents of the FTSE All Share General Retailers and FTSE All Share Food & Drugs Retailers Index	Annual adjusted EPS growth from the base year (the year ended November 2018) to the end year (the year ending November 2021)
Below median	Less than 7% p.a.	0%
Between median and upper quartile	Between 7% and 18% p.a.	Straight line vesting from 25% to 100%
Upper quartile	18% p.a. or more	100%

Further, for LTIP Awards to Vest, the Committee must be satisfied that the outcome when applying the EPS and TSR Targets is a genuine reflection of the underlying performance of the business.

The awards are to be satisfied by newly issued shares.  The awards will vest subject to the rules of the LTIP and the Remuneration Committee's determination of the extent to which the performance conditions above have been satisfied.

A two year post vesting holding period will also apply.

For further information contact:
Rachel Peat, Company Secretary
McColl's Retail Group plc

About McColl's Retail Group

McColl's is a leading neighbourhood retailer, with an estate of c.1,550 managed convenience stores and newsagents. We operate McColl's branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl. Our dedicated colleagues serve five million customers every week, and we are the largest operator of Post Offices in the UK, with c.600 in-store counters/branches.

LEI: 213800R1TLR536P8YJ67

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   Jonathan Miller 2.   Dave Thomas  3.   Robbie Bell
2	Reason for the notification
a)	Position/status	1.  PDMR, Chief Executive 2.  PDMR, Chief Operating Officer  3.  PDMR, 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	McColl's Retail Group plc
b)	LEI	213800R1TLR536P8YJ67
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 0.1 pence each ISIN: GB00BJ3VW957
b)	Nature of the transaction	Awards made pursuant to the McColl's Retail Group plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Call Price(s)	Volume(s)
1.  £0.001 per Ordinary Share 2.  £0.001 per Ordinary Share 3.  £0.001 per Ordinary Share	1.  364,240 2.  237,163 3.  505,350
d)	Aggregated information - Aggregated volume - Price	1.  364,240 2.  237,163 3.  505,350 n/a
e)	Date of the transaction	1.   2 May 2019 2.   2 May 2019 3.   2 May 2019
f)	Place of the transaction	Outside a trading venue

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