Director/PDMR Shareholding

M. P. Evans Group PLC
05 January 2024
 

M.P. EVANS GROUP PLC

("Company" or "M.P. Evans")

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

GRANT OF SHARE OPTIONS

 

On 4 January 2024, the Company granted nil-cost options under the M.P. Evans Group PLC Long Term Incentive Scheme (each an "Option" or collectively "Options"), respectively to Mr Matthew Coulson, the chief executive, over 18,000 shares of 10p each in the Company and to Mr Luke Shaw, the chief financial officer, over 12,000 shares of 10p each in the Company.

 

In each case the Option will normally vest and become exercisable on 4 January 2027, subject to continued employment. The Option is also in each case subject to satisfaction of an 'underpin condition' linked to the general financial performance of the Company and adherence to the Company's core strategic pillars (Responsibility, Excellence, Growth, and Yield).

 

Any shares resulting from exercise of these Options (after any sales to fund tax liabilities) will also be subject to a two-year holding period ending 4 January 2029.

 

The information set out below is provided in accordance with the requirements of Article 19(3) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended ("UK MAR").

 

1

Details of the persons discharging managerial responsibilities / person closely associated

a)

Name

Matthew Coulson

2

Reason for the notification

a)

Position/status

Chief executive

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

M.P. Evans Group PLC

b)

LEI

2138003IBXJUCR4SZG26

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

Shares of 10p per share in the capital of M.P. Evans Group PLC (10p shares)

Identification code

ISIN: GB0007538100

b)

Nature of the transaction

Grant of an Option over 10p shares

c)

Price(s) and volume(s)

Exercise Prices per share

Volumes


Nil Cost Option

18,000

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: N/A

Price: N/A

e)

Date of the transaction

4 January 2024

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities / person closely associated

a)

Name

Luke Shaw

2

Reason for the notification

a)

Position/status

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

M.P. Evans Group PLC

b)

LEI

2138003IBXJUCR4SZG26

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

Shares of 10p per share in the capital of M.P. Evans Group PLC (10p shares)

Identification code

ISIN: GB0007538100

b)

Nature of the transaction

Grant of an Option over 10p shares

c)

Price(s) and volume(s)

Exercise Prices per share

Volumes


Nil Cost Option

12,000

d)

Aggregated information

- Aggregated volume

- Price

Aggregated volume: N/A

Price: N/A

e)

Date of the transaction

4 January 2024

f)

Place of the transaction

Outside a trading venue

 

Enquiries:

 

M.P. Evans Group PLC

+44 (0)1892 516333

Peter Hadsley-Chaplin

Executive chairman

Matthew Coulson

Luke Shaw

Chief executive

Chief financial officer



Peel Hunt LLP (Nomad and joint broker)

+44 (0)20 7418 8900

Adrian Trimmings, Andrew Clark, Lalit Bose




Cavendish  (Joint broker)

+44 (0)20 7220 0500

Tim Redfern, Harriet Ward




Hudson Sandler (Financial PR)

+44 (0)20 7796 4133

Charlie Jack, Charlotte Cobb, Francis Kerrigan


 

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END
 
 
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