Director/PDMR Shareholding

RNS Number : 3610U

Glenveagh Properties plc

27 March 2023

 

27 March 2023

Glenveagh Properties plc

Awards under the Glenveagh Properties plc Long Term Incentive Plan

On 23 March 2023, the following awards were granted under the Glenveagh Properties plc Long Term Incentive Plan ("LTIP"):

Name of Director/PDMR	Role	No. of Share Options under Award
Stephen Garvey	Chief Executive Officer	1,174,168
Michael Rice	Chief Financial Officer	684,932
Tony McLoughlin	Managing Director - Planning, Design, Manufacturing and Operations	220,157
Wesley Rothwell	Chief Commercial Officer	216,487
Barney O'Reilly	Head of Construction	183,464
Conor Murtagh	Chief Strategy Officer	183,464
Chloe McCarthy	Group Company Secretary	146,771

The number of shares awarded under the LTIP is based on the closing price on Euronext Dublin on 22 March 2023, the dealing day immediately preceding the date of grant.

As detailed in the 2022 Annual Report, the Remuneration Committee committed to disclosing details in relation to the metrics and targets to apply to the 2023 LTIP award at the time of granting.

Following a comprehensive review of internal forecasts, and taking into account external expectations of future performance, the Company announces the following metrics and targets that will apply to the 2023 LTIP awards, to be achieved in FY2025:

Metric	Weighting	Threshold Target (25%)	Maximum Target (100%)
EPS	50%	14c	22c
ROE	50%	11%	16.2%

Vesting between threshold and maximum targets will be calculated on a straight-line basis.

For further information, please contact:

Glenveagh Properties plc  

Chloe McCarthy

Company Secretary

Tel: [phone]

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

 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Garvey
	Reason for the notification
a)	Position/status	Chief Executive Officer/PDMR
b)	Initial Notification Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Glenveagh Properties plc
b)	LEI	635400QUQ2YYGMOAK834
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	Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
b)	Nature of the transaction	Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) €0.001 1,174,168
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	23 March 2023
f)	Place of the transaction	Outside a trading venue
g)	Additional Information	Period during which options can be exercised: 22 March 2026 to 23 March 2030

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

 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michael Rice
	Reason for the notification
a)	Position/status	Chief Financial Officer/PDMR
b)	Initial Notification Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Glenveagh Properties plc
b)	LEI	635400QUQ2YYGMOAK834
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	Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
b)	Nature of the transaction	Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) €0.001 684,932
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	23 March 2023
f)	Place of the transaction	Outside a trading venue
g)	Additional Information	Period during which options can be exercised: 22 March 2026 to 23 March 2030

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

 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tony McLoughlin
	Reason for the notification
a)	Position/status	Managing Director - Planning, Design, Manufacturing and Operations/PDMR
b)	Initial Notification Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Glenveagh Properties plc
b)	LEI	635400QUQ2YYGMOAK834
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	Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
b)	Nature of the transaction	Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) €0.001 220,157
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	23 March 2023
f)	Place of the transaction	Outside a trading venue
g)	Additional Information	Period during which options can be exercised: 22 March 2026 to 23 March 2030

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

 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Wesley Rothwell
	Reason for the notification
a)	Position/status	Chief Commercial Officer/PDMR
b)	Initial Notification Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Glenveagh Properties plc
b)	LEI	635400QUQ2YYGMOAK834
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	Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
b)	Nature of the transaction	Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) €0.001 216,487
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	23 March 2023
f)	Place of the transaction	Outside a trading venue
g)	Additional Information	Period during which options can be exercised: 22 March 2026 to 23 March 2030

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

 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Barney O'Reilly
	Reason for the notification
a)	Position/status	Head of Construction/PDMR
b)	Initial Notification Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Glenveagh Properties plc
b)	LEI	635400QUQ2YYGMOAK834
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	Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
b)	Nature of the transaction	Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) €0.001 183,464
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	23 March 2023
f)	Place of the transaction	Outside a trading venue
g)	Additional Information	Period during which options can be exercised: 22 March 2026 to 23 March 2030

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

 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Conor Murtagh
	Reason for the notification
a)	Position/status	Chief Strategy Officer/PDMR
b)	Initial Notification Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Glenveagh Properties plc
b)	LEI	635400QUQ2YYGMOAK834
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	Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
b)	Nature of the transaction	Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) €0.001 183,464
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	23 March 2023
f)	Place of the transaction	Outside a trading venue
g)	Additional Information	Period during which options can be exercised: 22 March 2026 to 23 March 2030

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

 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Chloe McCarthy
	Reason for the notification
a)	Position/status	Company Secretary/PDMR
b)	Initial Notification Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Glenveagh Properties plc
b)	LEI	635400QUQ2YYGMOAK834
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	Glenveagh Properties plc Ordinary Shares of €0.001 each ISIN: IE00BD6JX574
b)	Nature of the transaction	Grant of nominal priced options under the Glenveagh Properties plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Price(s) Volume(s) €0.001 146,771
d)	Aggregated information - Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction	23 March 2023
f)	Place of the transaction	Outside a trading venue
g)	Additional Information	Period during which options can be exercised: 22 March 2026 to 23 March 2030

 

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