ContourGlobal PLC Director/PDMR Shareholding (2077Z)
May 19 2021 - 12:30PM
UK Regulatory
TIDMGLO
RNS Number : 2077Z
ContourGlobal PLC
19 May 2021
ContourGlobal plc
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
On 17(th) May 2021 the following awards over ordinary shares of
1 pence in ContourGlobal plc (the "Company") were granted under the
ContourGlobal plc Long Term Incentive Plan to the following persons
discharging managerial responsibilities:
PDMR No. of shares under Type of Award
Award
Joseph C. Brandt 442,186 Performance Share Award
structured as a conditional
award of shares
-------------------- -----------------------------
Stefan L. Schellinger 389,408 Performance Share Award
structured as a nil
cost option
-------------------- -----------------------------
The awards will ordinarily vest on the third anniversary of
grant subject to the grantee's continued service and to the extent
to which the performance conditions (as detailed below) set for the
awards are satisfied.
Each award is subject to three distinct performance conditions
measuring: (i) as to 50% of the award, compounded annual growth in
the Company's adjusted EBITDA; (ii) as to a further 25% of the
award, the internal rate of return on qualifying Company projects;
and (iii) as to the final 25% of the award, the Company's health
and safety performance (measured by the Company's Lost Time
Incident Rate). The performance conditions shall each be measured
over a three-year period ending on 31 December 2023.
Details of the full notifications received by the Company are
set out below.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Joseph C. Brandt
------------------------------- -------------------------------------------
2 Reason for Notification
----------------------------------------------------------------------------
a) Position/status President and Chief Executive Officer
------------------------------- -------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name ContourGlobal plc
------------------------------- -------------------------------------------
b) LEI 5493002I3A4J5TFOR115
------------------------------- -------------------------------------------
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 Ordinary Shares of 1 pence each in
instrument, type of ContourGlobal plc
instrument
Identification code GB00BF448H58
------------------------------- -------------------------------------------
b) Nature of the transaction Grant of a Performance Share Award
under the ContourGlobal plc Long Term
Incentive Plan. The award is structured
as a conditional award of shares and
will ordinarily vest three years from
the date of grant, subject to achievement
of the applicable performance conditions.
------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.926 442,186
----------
------------------------------- -------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- -------------------------------------------
e) Date of the transaction 17(th) May 2021
------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stefan L. Schellinger
------------------------------- -------------------------------------------
2 Reason for Notification
----------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- -------------------------------------------
b) Initial notification/Amendment Initial Announcement
------------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name ContourGlobal plc
------------------------------- -------------------------------------------
b) LEI 5493002I3A4J5TFOR115
------------------------------- -------------------------------------------
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 Ordinary Shares of 1 pence each in
instrument, type of ContourGlobal plc
instrument
Identification code GB00BF448H58
------------------------------- -------------------------------------------
b) Nature of the transaction Grant of a Performance Share Award
under the ContourGlobal plc Long Term
Incentive Plan. The award is structured
as a conditional award of shares and
will ordinarily vest three years from
the date of grant, subject to achievement
of the applicable performance conditions.
------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.926 389,408
----------
------------------------------- -------------------------------------------
d) Aggregated information Not applicable - single transaction
* Aggregated volume
* Price
------------------------------- -------------------------------------------
e) Date of the transaction 17(th) May 2021
------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -------------------------------------------
Vicky Dalby
Company Secretary
19 May 2021
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END
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