Director/PDMR Shareholding

RNS Number : 2789E

C&C Group Plc

04 November 2020

 

C&C Group plc

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

On 3 November 2020, the Company approved the grant to David Forde of two awards in the form of nil-cost options over ordinary shares in the Company. These awards are compensation for remuneration arrangements forfeited by David Forde on leaving his previous employer and were agreed as part of his recruitment package, as announced on 9 July 2020.

Buy-Out Award	Number of Shares	Vesting Date
Buy-Out Award 1	421,318	3 November 2022
Buy-Out Award 2	421,318	3 November 2023

The share price used to calculate the number of awards was the mid-market closing price on the dealing day prior to grant (2 November 2020). The awards will vest on the dates provided above, subject to Mr Forde's continued service with the Company.

The awards have been granted in reliance on FCA Listing Rule 9.4.2(2). As noted in the announcement of 9 July, the full terms of Mr Forde's remuneration package will be included in the Company's Directors' Remuneration Report for the year ending in 2021.

Contact

Mark Chilton, Company Secretary

C&C Group plc

Bulmers House

Keeper Road

Crumlin

Dublin 12

D12 K702

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Forde
2	Reason for the notification
a)	Position/status	Person Discharging Managerial Responsibilities (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	C&C Group plc
b)	LEI	635400LNUHA2LDXXV850
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	Ordinary Shares of €0.01 each
	Identification code	ISIN: IE00B010DT83
b)	Nature of the transaction	Grant of options to acquire Ordinary Shares of €0.01 each
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 421,318 ("Buy-Out Award 1") Nil 421,318 ("Buy-Out Award 2")
d)	Aggregated information - Aggregated volume - Price	842,636 Nil
e)	Date of the transaction	3 November 2020
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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