Fuller, Smith & Turner PLC (FSTA)
Fuller, Smith & Turner PLC: Director/PDMR Shareholdings
02-Jul-2024 / 14:17 GMT/BST
Fuller,
Smith & Turner P.L.C.
(“the
Company”)
Director/PDMR
Shareholdings
This
notification is made in accordance with the Market Abuse
Regulation.
The Company
annnounces that on 28 June 2024 the Executive Directors and persons
discharging managerial responsibilities (“PDMRs”) detailed below
were granted conditional share awards under the Company’s Bonus and
Deferred Bonus Plan 2019 (the ”BDBP”) and/or the Company’s
Long-Term Incentive Plan 2020 (the “LTIP”).
-
Following publication of the Company’s financial results for
FY2024 and determination of the bonus outcome, awards over 40p ’A’
Ordinary Shares under the BDBP were granted to the Executive
Directors as set out in the notifications below in respect of any
bonus in excess of 75% of salary. The awards will normally vest
three years from the date of grant and dividend equivalents will
accrue up until the vesting date.
The
calculation of the awards is based on the five day average price of
the middle market quotations ending 27 June 2024 being £6.956 for
‘A’ Ordinary Shares.
-
Awards under the LTIP were granted to Executive Directors and
PDMRs as set out in the notifications below.
All
awards are over a combination of both 40p ‘A’ Ordinary Shares and
4p ‘B’ Ordinary Shares.
The
calculation of the awards is based on the five day average price of
the middle market quotations ending 27 June 2024, being £6.956 for
‘A’ Ordinary Shares and £0.6956 (notionally) for ‘B’ Ordinary
Shares.
Vesting
of these awards is subject to the fulfilment of certain performance
conditions over the three-year period ending FY2027 (as detailed in
the 2024 Annual Report and Accounts) and continued employment. All
awards granted to Executive Directors are subject to a two-year
holding period. Under the Plan rules, the Remuneration Committee
has full discretion to ensure that the final outturn reflects all
relevant factors, including consideration of any windfall
gains.
Enquiries:
Rachel
Spencer
Company
Secretary
020 8996
2073
2 July
2024
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
|
Simon
Emeny
|
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
|
Fuller,
Smith & Turner P.L.C.
|
b)
|
LEI
|
213800C7ACOFMRCQQW76
|
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
|
‘A’
Ordinary Shares of 40p each
‘B’
Ordinary Shares of 4p each
‘A’
Ordinary Shares - GB00B1YPC344
‘B’
Ordinary Shares- unlisted
|
b)
|
Nature
of the transaction
|
Award made under the
Fuller, Smith & Turner P.L.C. Bonus and Deferred Bonus Plan
2019 and under the Fuller, Smith & Turner P.L.C. Long Term
Incentive Plan 2020
|
c)
|
Price(s)
and volume(s)
|
Price
|
Volume
|
|
‘A’ Ord
Shares
|
Share Price
|
‘B’ Ord
Shares
|
Share Price
|
BDBP
|
18,400
|
£6.956
|
-
|
-
|
LTIP
|
83,237
|
£6.956
|
208,093
|
£0.6956
|
|
d)
|
Aggregated
information
|
As
above
|
Aggregated
volume
|
As
above
|
Price
|
As
above
|
e)
|
Date of
the transaction
|
28 June 2024
|
f)
|
Place of
the transaction
|
Outside a trading
venue
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
a)
|
Name
|
Neil
Smith
|
2.
|
Reason
for the notification
|
a)
|
Position/status
|
Finance
Director
|
b)
|
Initial
notification/Amendment
|
Initial
|
3.
|
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
|
a)
|
Name
|
Fuller,
Smith & Turner P.L.C.
|
b)
|
LEI
|
213800C7ACOFMRCQQW76
|
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
|
‘A’
Ordinary Shares of 40p each
‘B’
Ordinary Shares of 4p each
‘A’
Ordinary Shares - GB00B1YPC344
‘B’
Ordinary Shares- unlisted
|
b)
|
Nature
of the transaction
|
Award made under the
Fuller, Smith & Turner P.L.C. Bonus and Deferred Bonus Plan
2019 and under the Fuller, Smith & Turner P.L.C. Long Term
Incentive Plan 2020
|
c)
|
Price(s)
and volume(s)
|
Price
|
Volume
|
|
‘A’ Ord
Shares
|
Share Price
|
‘B’ Ord
Shares
|
Share Price
|
BDBP
|
12,730
|
£6.956
|
-
|
-
|
LTIP
|
46,060
|
£6.956
|
115,152
|
£0.6956
|
|
d)
|
Aggregated
information
|
As
above
|
Aggregated
volume
|
As
above
|
Price
|
As
above
|
e)
|
Date of
the transaction
|
28 June 2024
|
f)
|
Place of
the transaction
|
Outside a trading
venue
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
a)
|
Name
|
Fred
Turner
|
2.
|
Reason
for the notification
|
a)
|
Position/status
|
Retail
Director
|
b)
|
Initial
notification/Amendment
|
Initial
|
3.
|
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
|
a)
|
Name
|
Fuller,
Smith & Turner P.L.C.
|
b)
|
LEI
|
213800C7ACOFMRCQQW76
|
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
|
‘A’
Ordinary Shares of 40p each
‘B’
Ordinary Shares of 4p each
‘A’
Ordinary Shares - GB00B1YPC344
‘B’
Ordinary Shares- unlisted
|
b)
|
Nature
of the transaction
|
Award
made under the Fuller, Smith & Turner P.L.C. Bonus and Deferred
Bonus Plan 2019 and under the Fuller, Smith & Turner P.L.C.
Long Term Incentive Plan 2020
|
c)
|
Price(s)
and volume(s)
|
Price
|
Volume
|
|
‘A’ Ord
Shares
|
Share Price
|
‘B’ Ord
Shares
|
Share Price
|
BDBP
|
7,356
|
£6.956
|
-
|
-
|
LTIP
|
33,280
|
£6.956
|
83,201
|
£0.6956
|
|
d)
|
Aggregated
information
|
As
above
|
Aggregated
volume
|
As
above
|
Price
|
As
above
|
e)
|
Date of
the transaction
|
28 June 2024
|
f)
|
Place of
the transaction
|
Outside a trading
venue
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
a)
|
Name
|
Dawn
Browne
|
2.
|
Reason
for the notification
|
a)
|
Position/status
|
People
& Talent Director
|
b)
|
Initial
notification/Amendment
|
Initial
Notification
|
3.
|
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
|
a)
|
Name
|
Fuller,
Smith & Turner P.L.C.
|
b)
|
LEI
|
213800C7ACOFMRCQQW76
|
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
|
‘A’
Ordinary Shares of 40p each
‘B’
Ordinary Shares of 4p each
‘A’
Ordinary Shares - GB00B1YPC344
‘B’
Ordinary Shares- unlisted
|
b)
|
Nature
of the transaction
|
Award made under the
Fuller, Smith & Turner P.L.C. Bonus and Deferred Bonus Plan
2019 and under Fuller, Smith & Turner P.L.C. Long Term
Incentive Plan 2020
|
c)
|
Price(s)
and volume(s)
|
Price
|
Volume
|
|
‘A’ Ord
Shares
|
Share Price
|
‘B’ Ord
Shares
|
Share Price
|
BDBP
|
1,993
|
£6.956
|
-
|
-
|
LTIP
|
32,130
|
£6.956
|
80,326
|
£0.6956
|
|
d)
|
Aggregated
information
|
As
above
|
Aggregated
volume
|
As
above
|
Price
|
As
above
|
e)
|
Date of
the transaction
|
28 June 2024
|
f)
|
Place of
the transaction
|
Outside a trading
venue
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
a)
|
Name
|
Peter
Turner
|
2.
|
Reason
for the notification
|
a)
|
Position/status
|
Property
Director / PDMR
|
b)
|
Initial
notification/Amendment
|
Initial
Notification
|
3.
|
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
|
a)
|
Name
|
Fuller,
Smith & Turner P.L.C.
|
b)
|
LEI
|
213800C7ACOFMRCQQW76
|
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
|
‘A’
Ordinary Shares of 40p each
‘B’
Ordinary Shares of 4p each
‘A’
Ordinary Shares - GB00B1YPC344
‘B’
ordinary Shares- unlisted
|
b)
|
Nature
of the transaction
|
Award made under the
Fuller, Smith & Turner P.L.C. Long Term Incentive Plan
2020
|
c)
|
Price(s)
and volume(s)
|
Price
|
Volume
|
|
‘A’ Ord
Shares
|
Share Price
|
‘B’ Ord
Shares
|
Share Price
|
LTIP
|
15,008
|
£6.956
|
37,521
|
£0.6956
|
|
d)
|
Aggregated
information
|
As
above
|
Aggregated
volume
|
As
above
|
Price
|
As
above
|
e)
|
Date of
the transaction
|
28 June 2024
|
f)
|
Place of
the transaction
|
Outside a trading
venue
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
a)
|
Name
|
Samantha
Bourke
|
2.
|
Reason
for the notification
|
a)
|
Position/status
|
Marketing Director /
PDMR
|
b)
|
Initial
notification/Amendment
|
Initial
Notification
|
3.
|
Details
of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
|
a)
|
Name
|
Fuller,
Smith & Turner P.L.C.
|
b)
|
LEI
|
213800C7ACOFMRCQQW76
|
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
|
‘A’
Ordinary Shares of 40p each
‘B’
Ordinary Shares of 4p each
‘A’
Ordinary Shares - GB00B1YPC344
‘B’
Ordinary Shares- unlisted
|
b)
|
Nature
of the transaction
|
Award made under the
Fuller, Smith & Turner P.L.C. Long Term Incentive Plan
2020
|
c)
|
Price(s)
and volume(s)
|
Price
|
Volume
|
|
‘A’ Ord
Shares
|
Share Price
|
‘B’ Ord
Shares
|
Share Price
|
LTIP
|
13,326
|
£6.956
|
33,316
|
£0.6956
|
|
d)
|
Aggregated
information
|
As
above
|
Aggregated
volume
|
As
above
|
Price
|
As
above
|
e)
|
Date of
the transaction
|
28 June 2024
|
f)
|
Place of
the transaction
|
Outside a trading
venue
|
Dissemination of a Regulatory Announcement, transmitted by EQS
Group.
The issuer is solely responsible for the content of this
announcement.
|