Long Term Incentive Plan Awards

RNS Number : 6070Z

McColl's Retail Group plc

15 March 2017

 

McColl's Retail Group plc (the "Company")

Grant of Long Term Incentive Plan Awards

Notification of Transactions by Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs").

The Company announces that it was notified of the grant of the LTIP Awards on 15 March 2017 to Directors and PDMRs in accordance with the rules of the McColl's Retail Group plc Long Term Incentive Plan (the "LTIP").

Director and PDMR	Number of ordinary shares of £0.001 each ("Shares") over which LTIP Awards were granted.	Call Price per share
Jonathan Miller	237,634	£0.001
David Thomas	153,225	£0.001
Simon Fuller	147,311	£0.001

The awards are to be satisfied by newly issued shares.  The performance measurement period is from 28 November 2016 to 24 November 2019 and the awards will vest subject to the rules of the LTIP and the Remuneration Committee's determination of the extent to which the performance conditions applicable to the award have been satisfied. Full details of these performance conditions are set out in the Company's Directors' Remuneration Report for the year ending 27 November 2016. Vested LTIP awards are exercisable until the tenth anniversary of the grant date, subject to the individual's ongoing employment.  In addition, the awards are subject to a further holding period of two years following vesting.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   Jonathan Miller 2.   Dave Thomas  3.   Simon Fuller
2	Reason for the notification
a)	Position/status	1.  PDMR, Chief Executive 2.  PDMR, Chief Operating Officer  3.  PDMR, 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	McColl's Retail Group plc
b)	LEI	213800R1TLR536P8YJ67
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 of 0.1 pence each ISIN: GB00BJ3VW957
b)	Nature of the transaction	Awards made pursuant to the McColl's Retail Group plc Long Term Incentive Plan
c)	Price(s) and volume(s)	Call Price(s)	Volume(s)
		1.  0.1p per Ordinary Share 2.  0.1p per Ordinary Share 3.  0.1p per Ordinary Share	1.  237,634 2.  153,225 3.  147,311
d)	Aggregated information - Aggregated volume - Price	1.  237,634 2.  153,225 3.  147,311  n/a
e)	Date of the transaction	1.   15 March 2017 2.   15 March 2017 3.   15 March 2017
f)	Place of the transaction	Outside a trading venue

About McColl's Retail Group

McColl's is a leading neighbourhood retailer operating 1,375 convenience stores and newsagents. We operate 1,001 McColl's branded UK convenience stores as well as 374 newsagents branded Martin's, except in Scotland where we operate under our heritage brand, RS McColl. In addition we are also the largest operator of Post Offices in the UK.

Enquiries

Please visit www.mccolls.co.uk or for further information, please contact:

McColl's Retail Group plc
Jonathan Miller, Chief Executive
Simon Fuller, Chief Financial Officer
Tel: [phone]

 

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