TIDMBRSN
RNS Number : 1951A
Berendsen PLC
22 March 2017
For immediate release
The following amendments have been made to the 'Notification of
interests of Directors / Persons Discharging Managerial
Responsibility' announcement released on 21 March 2017 at 17.30
under RNS No. 1378A.
The number of PSP Awards granted to James Drummond (Chief
Executive Officer) and Kevin Quinn (Chief Financial Officer) on 20
March 2017 have been corrected as follows:
Original Corrected
Name Role PSP Award PSP Award
(number) (number)
J Drummond Chief Executive Officer 153,714 157,570
K Quinn Chief Financial Officer 85,476 87,619
All other details remain unchanged.
The full amended text is shown below.
Grant of Awards
On 20 March 2017, the Company granted the following share-based
Awards (structured as nil cost options) under its Performance Share
Plan ("PSP") and UK Reinvestment Plan ("URP").
Executive Directors
PSP Award URP Award
Name Role (number) (number)
J Drummond Chief Executive Officer 157,570 -
K Quinn Chief Financial Officer 87,619 -
PDMRs
D A Lawler Company Secretary 54,020 30,869
N P Hansen Managing Director, Hospitality 43,035 28,690
C Martin Managing Director, Healthcare 45,767 30,511
Managing Director, Facility
B Devani & Group Business Development 42,321 28,214
PSP Awards
Awards granted under the PSP will vest on 20 March 2020 but only
to the extent that certain Company performance targets based on
earnings per share and return on invested capital, have been
satisfied over a performance period that will end on 31 December
2019.
For PSP Awards granted to Executive Directors only, the above
targets will comprise an additional performance target linked to
the Company's UK reinvestment plan (as confirmed in the Company's
2016 Annual Report).
Following vesting and subject to the Company's share dealing
policy, Awards can be exercised at any time until the tenth
anniversary of grant.
URP Awards
Awards granted under the URP will vest on 20 March 2019 but only
to the extent that certain earnings before interest and tax (EBIT)
targets have been achieved with respect to the UK Hospitality,
Healthcare and Workwear businesses by 31 December 2018.
Following vesting, and subject to the Company's share dealing
policy, Awards can be exercised at any time until the tenth
anniversary of grant.
Dividend Equivalents
To the extent that Awards vest under either the PSP or the URP,
a participant will be entitled to receive additional Shares of an
amount equivalent to the dividends that would have been paid on the
Shares comprised in their Award over the vesting period.
This announcement is made in accordance with Article 19 of the
Market Abuse Regulation and Rule 3.1 of the Disclosure and
Transparency Rules.
The Company was notified of the grant of all Awards on 20 March
2017.
David Lawler
Company Secretary
The information set out below is provided in accordance with the
requirements of the EU Market Abuse Regulation
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- -------------------------------------------------------------------
a) Name James Drummond
--- ------------------------- ----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------- ----------------------------------------
b) Initial notification Amendment
/Amendment
--- ------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--- -------------------------------------------------------------------
a) Name Berendsen plc
--- ------------------------- ----------------------------------------
b) LEI 213800DEH9V24XYGFR32
--- ------------------------- ----------------------------------------
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 Nil cost options over Ordinary Shares
instrument, type of GBP0.30
of instrument
--- ------------------------- ----------------------------------------
Identification ISIN GB00B0F99717
code
--- ------------------------- ----------------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
(GBP) ------------------ ----------
Nil Cost Options 157,570
------------------ ----------
--- ------------------------- ----------------------------------------
d) Aggregated information
--- -------------------------------------------------------------------
N/A
* Aggregated volume
--- ------------------------- ----------------------------------------
N/A
* Price
--- ------------------------- ----------------------------------------
e) Date of the transaction 20 March 2017
--- ------------------------- ----------------------------------------
f) Place of the London Stock Exchange, Main Market
transaction
--- ------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
--- -------------------------------------------------------------------
a) Name Kevin Quinn
--- ------------------------- ----------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------- ----------------------------------------
b) Initial notification Amendment
/Amendment
--- ------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--- -------------------------------------------------------------------
a) Name Berendsen plc
--- ------------------------- ----------------------------------------
b) LEI 213800DEH9V24XYGFR32
--- ------------------------- ----------------------------------------
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 Nil cost options over Ordinary Shares
instrument, type of GBP0.30
of instrument
--- ------------------------- ----------------------------------------
Identification ISIN GB00B0F99717
code
--- ------------------------- ----------------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
(GBP) ------------------ ----------
Nil Cost Options 87,619
------------------ ----------
--- ------------------------- ----------------------------------------
d) Aggregated information
--- -------------------------------------------------------------------
N/A
* Aggregated volume
--- ------------------------- ----------------------------------------
N/A
* Price
--- ------------------------- ----------------------------------------
e) Date of the transaction 20 March 2017
--- ------------------------- ----------------------------------------
f) Place of the London Stock Exchange, Main Market
transaction
--- ------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- --------------------------------------------------------------------
a) Name David A Lawler
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Company Secretary
---- -------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---- --------------------------------------------------------------------
a) Name Berendsen plc
---- -------------------------- ----------------------------------------
b) LEI 213800DEH9V24XYGFR32
---- -------------------------- ----------------------------------------
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 Nil cost options over Ordinary Shares
instrument, type of GBP0.30
of instrument
---- -------------------------- ----------------------------------------
Identification ISIN GB00B0F99717
code
---- -------------------------- ----------------------------------------
b) Nature of the Grant of options
transaction
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
(GBP) ------------------ ----------
Nil Cost Options 54,020
------------------ ----------
Nil Cost Options 30,869
------------------ ----------
---- -------------------------- ----------------------------------------
d) Aggregated information
---- --------------------------------------------------------------------
* Aggregated volume 84,889
------------------------------- ----------------------------------------
Nil Cost Options
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 20 March 2017
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange, Main Market
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- --------------------------------------------------------------------
a) Name Niels Peter Hansen
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Managing Director, Hospitality
---- -------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---- --------------------------------------------------------------------
a) Name Berendsen plc
---- -------------------------- ----------------------------------------
b) LEI 213800DEH9V24XYGFR32
---- -------------------------- ----------------------------------------
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 Nil cost options over Ordinary Shares
instrument, type of GBP0.30
of instrument
---- -------------------------- ----------------------------------------
Identification ISIN GB00B0F99717
code
---- -------------------------- ----------------------------------------
b) Nature of the Grant of options
transaction
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
(GBP) ------------------ ----------
Nil Cost Options 43,035
------------------ ----------
Nil Cost Options 28,690
------------------ ----------
---- -------------------------- ----------------------------------------
d) Aggregated information
---- --------------------------------------------------------------------
* Aggregated volume 71,725
------------------------------- ----------------------------------------
Nil Cost Options
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 20 March 2017
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange, Main Market
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- --------------------------------------------------------------------
a) Name Christophe Martin
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Managing Director, Healthcare
---- -------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---- --------------------------------------------------------------------
a) Name Berendsen plc
---- -------------------------- ----------------------------------------
b) LEI 213800DEH9V24XYGFR32
---- -------------------------- ----------------------------------------
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 Nil cost options over Ordinary Shares
instrument, type of GBP0.30
of instrument
---- -------------------------- ----------------------------------------
Identification ISIN GB00B0F99717
code
---- -------------------------- ----------------------------------------
b) Nature of the Grant of options
transaction
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
(GBP) ------------------ ----------
Nil Cost Options 45,767
------------------ ----------
Nil Cost Options 30,511
------------------ ----------
---- -------------------------- ----------------------------------------
d) Aggregated information
---- --------------------------------------------------------------------
* Aggregated volume 76,278
------------------------------- ----------------------------------------
Nil Cost Options
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 20 March 2017
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange, Main Market
transaction
---- -------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- --------------------------------------------------------------------
a) Name Baba (Suketu) Devani
---- -------------------------- ----------------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Managing Director - Facility & Group
Business Development
---- -------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
---- -------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---- --------------------------------------------------------------------
a) Name Berendsen plc
---- -------------------------- ----------------------------------------
b) LEI 213800DEH9V24XYGFR32
---- -------------------------- ----------------------------------------
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 Nil cost options over Ordinary Shares
instrument, type of GBP0.30
of instrument
---- -------------------------- ----------------------------------------
Identification ISIN GB00B0F99717
code
---- -------------------------- ----------------------------------------
b) Nature of the Grant of options
transaction
---- -------------------------- ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
(GBP) ------------------ ----------
Nil Cost Options 42,321
------------------ ----------
Nil Cost Options 28,214
------------------ ----------
---- -------------------------- ----------------------------------------
d) Aggregated information
---- --------------------------------------------------------------------
* Aggregated volume 70,535
------------------------------- ----------------------------------------
Nil Cost Options
* Price
------------------------------- ----------------------------------------
e) Date of the transaction 20 March 2017
---- -------------------------- ----------------------------------------
f) Place of the London Stock Exchange, Main Market
transaction
---- -------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHOKBDPCBKKBNB
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March 22, 2017 06:30 ET (10:30 GMT)
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