Long Term Incentive Plan Awards

RNS Number : 7933J
Cineworld Group plc
15 April 2020
 

CINEWORLD GROUP PLC (the "Company")

Long Term Incentive Plan Awards

The Company announces that, on 14 April 2020, awards over ordinary shares ("Awards") were granted to a number of Senior Employees in the Cineworld Group, including in the US, the UK, and in Rest of World territories, in line with the Company's annual process for granting Awards under the Cineworld Group plc 2017 Long Term Incentive Plan (the "LTIP") (the "Grant").

The Awards granted pursuant to the LTIP were structured as nil cost options to acquire Shares or conditional awards, and no consideration was paid for the grant of an Award. 

The vesting of an Award is ordinarily subject to continued employment of the participant, and satisfactory performance of the participant over a three-year vesting period.  Vesting for the "persons discharging managerial responsibilities" ("PDMRs") listed below is also subject to the satisfaction of performance conditions over the three-year period, as set by the Remuneration Committee of the Company.

The Grant included Awards to the following individuals, each of whom is a PDMR as such term is defined in the Market Abuse Regulation (2014/596/EU) ("MAR"), and the Company has today received notifications pursuant to the requirements of Article 19(1) of MAR in respect of those Awards:

PDMR

Number of Options under the Award Granted pursuant to the LTIP

Moshe Greidinger (Director)

1,672,061

Israel Greidinger (Director)

1,340,302

Nisan Cohen (Director)

786,266

Renana Teperberg (Director)

786,266

Matthew Eyre

357,645

The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the grant of the Awards listed above are set out below.

This announcement is made pursuant to the Company's obligations under Article 19(3) of MAR.

 

Fiona Smith

Company Secretary

 

LEI: 213800J2J3TOOI176M73

 



 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Moshe Greidinger

2

 

Reason for the notification

 

a)

 

Position/status

 

Director 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

a)

 

Name

Cineworld Group plc

b)

 

LEI

213800J2J3TOOI176M73

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

 

Options over ordinary shares of £0.01 each in Cineworld Group plc

 

GB00B15FWH70

 

b)

Nature of the transaction

Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.

c)

Price(s) and volume(s)

Price(s)

 

Volume(s)

Nil

 

1,672,061

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

Single transaction as noted in 4 c) above

 

e)

Date of the transaction

14 April 2020

f)

Place of the transaction

Outside a trading venue

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Israel Greidinger

2

 

Reason for the notification

 

a)

 

Position/status

 

Director 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

a)

 

Name

Cineworld Group plc

b)

 

LEI

213800J2J3TOOI176M73

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

 

Options over ordinary shares of £0.01 each in Cineworld Group plc

 

GB00B15FWH70

 

b)

Nature of the transaction

Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.

c)

Price(s) and volume(s)

Price(s)

 

Volume(s)

Nil

1,340,302

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Single transaction as noted in 4 c) above

e)

Date of the transaction

14 April 2020

f)

Place of the transaction

Outside a trading venue

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Nisan Cohen

2

 

Reason for the notification

 

a)

 

Position/status

 

Director 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

a)

 

Name

Cineworld Group plc

b)

 

LEI

213800J2J3TOOI176M73

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

 

Options over ordinary shares of £0.01 each in Cineworld Group plc

 

GB00B15FWH70

 

b)

Nature of the transaction

Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.

c)

Price(s) and volume(s)

Price(s)

 

Volume(s)

Nil

786,266

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Single transaction as noted in 4 c) above

 

e)

Date of the transaction

14 April 2020

f)

Place of the transaction

Outside a trading venue

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Renana Teperberg

2

 

Reason for the notification

 

a)

 

Position/status

 

Director

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

a)

 

Name

Cineworld Group plc

b)

 

LEI

213800J2J3TOOI176M73

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

 

Options over ordinary shares of £0.01 each in Cineworld Group plc

 

GB00B15FWH70

 

b)

Nature of the transaction

Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as nil cost options to acquire ordinary shares.

c)

Price(s) and volume(s)

Price(s)

 

Volume(s)

Nil

786,266

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Single transaction as noted in 4 c) above

 

e)

Date of the transaction

14 April 2020

f)

Place of the transaction

Outside a trading venue

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Matthew Eyre

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

a)

 

Name

Cineworld Group plc

b)

 

LEI

213800J2J3TOOI176M73

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

 

Options over ordinary shares of £0.01 each in Cineworld Group plc

 

GB00B15FWH70

 

b)

Nature of the transaction

Grant of awards under the Cineworld Group plc 2017 Long Term Incentive Plan structured as a conditional award.

c)

Price(s) and volume(s)

Price(s)

 

Volume(s)

Nil

357,645

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Single transaction as noted in 4 c) above

 

e)

Date of the transaction

14 April 2020

f)

Place of the transaction

Outside a trading venue

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHUVSVRRWUSAAR
UK 100

Latest directors dealings