Director/PDMR Shareholding

Imperial Brands PLC

19 February 2024

 

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 2024 LTIP awards

On 15 February 2024, 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	258,991
Lukas Paravicini	104,329
Alison Clarke	62,218
Javier Huerta	62,066
Murray McGowan	52,877
Paola Pocci	63,424
Kim Reed *	71,618
Ales Struminsky	45,714

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

The first element of Ms Reed's award was granted over 35,809 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 2024 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 2027, 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 35,809 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 11,936 shares on 15 February 2025, 11,936 shares on 15 February 2026 and11,937 shares on 15 February 2027.

Further to its 2023 Annual Report and Accounts, 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 2024 are:

	Weight	Cut-in	Target	Max
EPS Growth	40%	3.9%	4.8%	5.8%
ROIC	15%	19.1%	21.1%	21.9%
CFCF (£m)	15%	5,900	6,700	7,500
Relative TSR	20%	Median	N/A	Upper quart.
Scope 1 & 2 carbon emissions	5%	70.0%	72.0%	75.0%
Energy consumption	5%	4.5%	6.0%	7.5%

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 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 258,991
d)	Aggregated information - Aggregated volume - Price	258,991 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2024
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 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 104,329
d)	Aggregated information - Aggregated volume - Price	104,329 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2024
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 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 62,218
d)	Aggregated information - Aggregated volume - Price	62,218 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2024
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 HUERTA
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 62,066
d)	Aggregated information - Aggregated volume - Price	62,066 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2024
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 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 52,877
d)	Aggregated information - Aggregated volume - Price	52,877 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2024
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 - CHIEF CONSUMER OFFICER AND PRESIDENT, AFRICA, ASIA, AUSTRALASIA AND CENTRAL & EASTERN 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 63,424
d)	Aggregated information - Aggregated volume - Price	63,424 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2024
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 ​11,936, 11,936 AND 11,937 ON 15 FEBRUARY 2025, 15 FEBRUARY 2026 AND 15 FEBRUARY 2027 RESPECTIVELY
c)	Price(s) and volume(s)	Price(s) Volume(s) A) NOT APPLICABLE 35,809 B) NOT APPLICABLE 35,809
d)	Aggregated information - Aggregated volume - Price	71,618 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2024
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 45,714
d)	Aggregated information - Aggregated volume - Price	45,714 NOT APPLICABLE
e)	Date of the transaction	15 FEBRUARY 2024
f)	Place of the transaction	OUTSIDE A TRADING VENUE

Chris Winters

Deputy Company Secretary

Copies of our announcements are available on our website: https://www.imperialbrandsplc.com/creating-shareholder-value/stock-exchange-announcements

 

END