McColl's Retail Group plc Director/PDMR Shareholding (8272M)
September 23 2021 - 12:08PM
UK Regulatory
TIDMMCLS
RNS Number : 8272M
McColl's Retail Group plc
23 September 2021
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 the grant of awards on 23 September 2021
to the following Directors and PDMRs of the Company in accordance
with the rules of the McColl's Retail Group plc Long Term Incentive
Plan (the "LTIP Awards").
Director / PDMR Number of ordinary shares of GBP0.001 each ("Shares") over which LTIP Call Price per share
Awards were granted
Jonathan Miller 751,400 GBP0.001
Richard Crampton 558,333 GBP0.001
Giles David 541,667 GBP0.001
Karen Bird (McEwan) 541,667 GBP0.001
Awards will vest based on three-year relative Total Shareholder
Return ("TSR") measured from the date of grant and a Grocery mix
target measured in the final financial year (2022/23) of the three
years starting with the current financial year. Grocery mix will be
based on the portion of grocery and alcohol sales as a percentage
of total sales.
In addition, the Remuneration Committee must be satisfied that
the formulaic vesting outcome of the LTIP Awards when applying the
TSR and Grocery mix targets is a genuine reflection of the
underlying performance of the business and the Committee has full
discretion to adjust the vesting outcomes to ensure that the final
outturns reflect all relevant factors.
The awards are to be satisfied by newly issued shares.
A two year post vesting holding period will also apply to the
above awards.
For further information contact:
Rachel Peat, Company Secretary
McColl's Retail Group plc
About McColl's Retail Group
McColl's is a leading neighbourhood retailer, with an estate of
over 1,200 managed convenience stores and newsagents. We operate
McColl's and Morrisons Daily branded convenience stores as well as
newsagents branded Martin's across the UK, except in Scotland where
we operate under our heritage brand, RS McColl.
LEI: 213800R1TLR536P8YJ67
The information set out below is provided in accordance with the
requirements of Article 19 of the UK Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name 1. Jonathan Miller
2. Richard Crampton
3. Giles David
4. Karen Bird (McEwan)
2 Reason for the notification
a) Position/status 1. PDMR, Chief Executive
2. PDMR, Chief Commercial Officer
3. PDMR, Chief Financial Officer
4. PDMR, Chief Operating 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 Ordinary Shares of 0.1 pence each
of instrument
Identification code 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. GBP0.001 per Ordinary Share 1. 751,400
2. GBP0.001 per Ordinary Share 2. 558,333
3. GBP0.001 per Ordinary Share 3. 541,667
4. GBP0.001 per Ordinary Share 4. 541,667
d) Aggregated information
- Aggregated volume 1. 751,400
2. 558,333
3. 541,667
4. 541,667
- Price n/a
e) Date of the transaction 1. 23 September 2021
2. 23 September 2021
3. 23 September 2021
4. 23 September 2021
f) Place of the transaction Outside a trading venue
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END
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