Director/PDMR Shareholding

RNS Number : 3539Q

Imperial Brands PLC

17 February 2023

 

IMPERIAL BRANDS PLC

Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42

Directors and Persons Discharging Managerial Responsibility ("PDMRs") Interests

Imperial Brands PLC (the "Company") Long Term Incentive Plan

Grant of 2023 LTIP awards

On 15 February 2023, the Company made the following grant of awards under the Imperial Brands Long Term Incentive Plan (the "LTIP") to PDMRs:

PDMR	No. of shares under LTIP award granted
Stefan Bomhard	231,904
Lukas Paravicini	90,257
Alison Clarke	55,446
Anindya Dasgupta *	72,007
Javier Huerta	56,937
Murray McGowan	47,121
Paola Pocci	48,348
Kim Reed **	66,250
Sean Roberts	39,090
Ales Struminsky	44,578

* The award which was granted to Anindya Dasgupta on 15 February 2023 was granted over 72,007 'notional' shares. Accordingly, when this LTIP award vests (subject to the performance conditions described below having been met and the rules of the LTIP) Mr Dasgupta will receive a cash payment which is equal in value to the number of notional shares which have vested in connection with this LTIP award.

** The award which was granted to Kim Reed was comprised of two elements:

The first element of Ms Reed's award was granted over 33,125 shares in Imperial Brands PLC. This element has been granted as a conditional award under the LTIP and is subject to the performance conditions and terms which are applicable to all other 2023 LTIP awards granted on the same date (as outlined above). This element of Ms Reed's LTIP award will vest on or about 15 February 2026, subject to the extent to which the applicable performance conditions have been met; and

The second element of Ms Reed's award was granted over a further 33,125 shares in Imperial Brands PLC. This element has been granted as a conditional award under the LTIP and is not subject to any performance conditions (although it remains subject to the rules of the LTIP, including applicable malus and clawback provisions and the ability of the Remuneration Committee to adjust the vesting outcome of such award on a discretionary basis). This element of Ms Reed's LTIP award will vest in three tranches of 11,041 shares on 15 February 2024, 11,042 shares on 15 February 2025 and 11,042 shares on 15 February 2026.

Further to the commitment in its Annual Report and Accounts 2022, the Company confirms that the performance measures and targets (which should not be construed as guidance) in respect of the Imperial Brands LTIP grant made on 15 February 2023 are:

Adjusted Earnings per Share Growth Element

This criterion determines the vesting of 40 per cent of the shares under award with the following vesting schedule:

Compound annual adjusted EPS growth ***	Shares vesting (as a percentage of element)
Less than 4.4% per annum	nil
4.4% per annum	25%
4.4% to 6.3% per annum	Between 25% and 100% (pro rata)
6.3% per annum or higher	100%

The adjusted EPS element excludes the effect of any share buyback on the share count and any associated financing costs, as appropriate.

Average Annual Return on Invested Capital (ROIC)*** Element

The ROIC criterion is used for 20 per cent of the award with the following vesting schedule:

Average Annual Return on Invested Capital (ROIC)***	Shares vesting (as a percentage of element)
Less than 20.2%	nil
20.2%	25%
Between 20.2% and 21.0%	Between 25% and 100% (pro rata)
21.0% or higher	100%

***   All the financial measures are measured on a constant currency basis which is consistent with the approach agreed by the Remuneration Committee of Imperial Brands and has been in place since 2015.

Total Shareholder Return Element

The relative total shareholder return ("TSR") criterion is used for 40 per cent of the award. The peer group used for the assessment of relative TSR is:

Altria Group	Anheuser-Busch InBev	British American Tobacco	Brown-Forman	Carlsberg
Carnival	Clorox	Constellation Brands	Diageo	Heineken
Henkel	Japan Tobacco	Kimberly-Clark	Kirin Holdings	L'Oreal
Monster Beverage	Pernod Ricard	Pepsico	Philip Morris International	Procter & Gamble
Reckitt Benckiser Group	Uni Charm	Unilever PLC

Vesting of awards on this element would occur as per the vesting schedule below:

Relative TSR performance	Shares vesting (as percentage of element)
Below median of peer group	nil
At median of peer group	25%
Between median and upper quartile	Between 25% and 100% (pro rata)
At or above upper quartile	100%

Each element operates independently and is capable of vesting regardless of the Company's performance in respect of the other elements. The Remuneration Committee retains the discretion under the rules of the LTIP to adjust up or down including to zero the number of shares that vest taking into account a number of factors including personal or corporate performance and circumstances that were unforeseen at the date of grant.

Details of individual awards are provided below:

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	STEFAN ANDREAS BOMHARD
2	Reason for the notification
a)	Position/status	EXECUTIVE DIRECTOR - 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	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 231,904
d)	Aggregated information - Aggregated volume - Price	231,904 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	LUKAS JEAN-BAPTISTE PARAVICINI
2	Reason for the notification
a)	Position/status	EXECUTIVE DIRECTOR - 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	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 90,257
d)	Aggregated information - Aggregated volume - Price	90,257 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	ALISON JANE CLARKE
2	Reason for the notification
a)	Position/status	PDMR - CHIEF PEOPLE AND CULTURE OFFICER
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 55,446
d)	Aggregated information - Aggregated volume - Price	55,446 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	ANINDYA DASGUPTA
2	Reason for the notification
a)	Position/status	PDMR - CHIEF CONSUMER OFFICER
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	AWARD GRANTED OVER NOTIONAL SHARES  UNDER LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 72,007
d)	Aggregated information - Aggregated volume - Price	72,007 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	JAVIER ESTEBAN HUERTA RUIZ
2	Reason for the notification
a)	Position/status	PDMR - CHIEF SUPPLY CHAIN OFFICER
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 56,937
d)	Aggregated information - Aggregated volume - Price	56,937 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	MURRAY HENRY MCGOWAN
2	Reason for the notification
a)	Position/status	PDMR - CHIEF STRATEGY AND DEVELOPMENT OFFICER
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 47,121
d)	Aggregated information - Aggregated volume - Price	47,121 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	PAOLA POCCI
2	Reason for the notification
a)	Position/status	PDMR - PRESIDENT - AFRICA, ASIA & AUSTRALASIA REGION
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 48,348
d)	Aggregated information - Aggregated volume - Price	48,348 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	KIMBERLY REED
2	Reason for the notification
a)	Position/status	PDMR - PRESIDENT AND CEO, AMERICAS REGION
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	A)  AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN B)  DISCRETIONARY AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN VESTING IN 3 TRANCHES OF 11,041, 11,042 AND 11,042 ON 15 FEBRUARY 2024, 15 FEBRUARY 2025 AND 15 FEBRUARY 2026 RESPECTIVELY
c)	Price(s) and volume(s)	Price(s) Volume(s) A) NOT APPLICABLE 33,125 B) NOT APPLICABLE 33,125
d)	Aggregated information - Aggregated volume - Price	66,250 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	SEAN ROBERTS
2	Reason for the notification
a)	Position/status	PDMR - CHIEF LEGAL AND CORPORATE AFFAIRS OFFICER
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 39,090
d)	Aggregated information - Aggregated volume - Price	39,090 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	ALES STRUMINSKY
2	Reason for the notification
a)	Position/status	PDMR - PRESIDENT, EUROPE REGION
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 44,578
d)	Aggregated information - Aggregated volume - Price	44,578 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
f)	Place of the transaction	OUTSIDE A TRADING VENUE

On 15 February 2023 the LTIP granted on 15 February 2020 vested in part, with the remainder lapsing.  Details of the individual award vestings and sales to cover tax are detailed below.

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	MURRAY HENRY MCGOWAN
2	Reason for the notification
a)	Position/status	PDMR - CHIEF STRATEGY AND DEVELOPMENT OFFICER
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	VESTING OF AN AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN (INCLUDING DIVIDEND ROLL-UP SHARES)
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 5,501
d)	Aggregated information - Aggregated volume - Price	5,501 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	MURRAY HENRY MCGOWAN
2	Reason for the notification
a)	Position/status	PDMR - CHIEF STRATEGY AND DEVELOPMENT OFFICER
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	SALE OF SHARES TO COVER TAX ON VESTING OF LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 20.281494 2,595
d)	Aggregated information - Aggregated volume - Price	2,595 GBP 52,630.48
e)	Date of the transaction	15 FEBRUARY 2023
f)	Place of the transaction	XLON - LONDON STOCK EXCHANGE

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	KIMBERLY REED
2	Reason for the notification
a)	Position/status	PDMR - PRESIDENT AND CEO, AMERICAS REGION
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	VESTING OF AN AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 3,781
d)	Aggregated information - Aggregated volume - Price	3,781 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	KIMBERLY REED
2	Reason for the notification
a)	Position/status	PDMR - PRESIDENT AND CEO, AMERICAS REGION
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	SALE OF SHARES TO COVER TAX ON VESTING OF LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 20.281494 1,310
d)	Aggregated information - Aggregated volume - Price	1,310 GBP 26,568.76
e)	Date of the transaction	15 FEBRUARY 2023
f)	Place of the transaction	XLON - LONDON STOCK EXCHANGE

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	ALES STRUMINSKY
2	Reason for the notification
a)	Position/status	PDMR - PRESIDENT, EUROPE REGION
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	VESTING OF AN AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN (INCLUDING DIVIDEND ROLL-UP SHARES)
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 3,903
d)	Aggregated information - Aggregated volume - Price	3,903 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	ALES STRUMINSKY
2	Reason for the notification
a)	Position/status	PDMR - PRESIDENT, EUROPE REGION
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	SALE OF SHARES TO COVER TAX ON VESTING OF LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 20.281494 1,078
d)	Aggregated information - Aggregated volume - Price	1,078 GBP 21,863.45
e)	Date of the transaction	15 FEBRUARY 2023
f)	Place of the transaction	XLON - LONDON STOCK EXCHANGE

On 15 February 2023 the following LTIP granted on 15 February 2022 vested in full. Details of the individual award vesting and sale to cover tax are detailed below:

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	KIMBERLY REED
2	Reason for the notification
a)	Position/status	PDMR - PRESIDENT AND CEO, AMERICAS REGION
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	VESTING OF AN AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN (INCLUDING DIVIDEND ROLL-UP SHARES)
c)	Price(s) and volume(s)	Price(s) Volume(s) NOT APPLICABLE 9,760
d)	Aggregated information - Aggregated volume - Price	9,760 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2023
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	KIMBERLY REED
2	Reason for the notification
a)	Position/status	PDMR - PRESIDENT AND CEO, AMERICAS REGION
b)	Initial notification /Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IMPERIAL BRANDS PLC
b)	LEI	549300DFVPOB67JL3A42
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 GB0004544929
b)	Nature of the transaction	SALE OF SHARES TO COVER TAX ON VESTING OF LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 20.281494 3,380
d)	Aggregated information - Aggregated volume - Price	3,380 GBP 68,551.45
e)	Date of the transaction	15 FEBRUARY 2023
f)	Place of the transaction	XLON - LONDON STOCK EXCHANGE

Chris Winters

Deputy Company Secretary

Copies of our announcements are available on our website:  www.imperialbrandsplc.com/Investors/Stock-Exchange-announcements

 

END

 

 

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