Menzies(John) PLC PDMR Notification (8939Z)
September 06 2018 - 1:01AM
UK Regulatory
TIDMMNZS
RNS Number : 8939Z
Menzies(John) PLC
06 September 2018
John Menzies plc
("the "Company")
PDMR Notification
6 September 2018
Notification of Transactions by Persons Discharging Managerial
Responsibilities ("PDMRs")
Following approval of the Company's 2018 Value Creation Plan
(the "2018 VCP") at a general meeting of its ordinary and
preference shareholders held on 22 August 2018, the Company has
made awards under the terms of the 2018 VCP to the undernoted
PDMRs.
The following notifications, made pursuant to Article 19(3) of
the Market Abuse Regulation, provide further details:
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Forsyth Black
------------------------------------------------------------ -----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------------------------------ -----------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------------------------------------ -----------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------------------------------------------------
a) Name John Menzies plc
------------------------------------------------------------ -----------------------------------------------
b) LEI 5493008LNN1X4R79PJ89
------------------------------------------------------------ -----------------------------------------------
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 GBP0.25 each
GB0005790059
------------------------------------------------------------ -----------------------------------------------
b) Nature of the transaction Award over Ordinary Shares under the 2018 VCP.
------------------------------------------------------------ -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil Such number of Ordinary Shares
as equals 8.346% of the Plan
Value on 26 January 2022;
8.346% of the Plan Value on
26 January 2023; and 8.346%
of the Plan Value on 26 January
2024.
For these purposes "Plan Value"
means 6.5% of the total return
generated for shareholders
above a total shareholder
return of 8% per annum (calculated
on a compound basis) since
the announcement to sell Menzies
Distribution. The Plan Value
will increase to 7.5% of the
total return generated for
shareholders above this hurdle
if a total shareholder return
of 15% per annum (calculated
on a compound basis) is achieved
over the relevant period.
In either case the Plan Value
is subject to an overall aggregate
cap of GBP15 million on 26
January 2022; GBP20 million
on 26 January 2023; and GBP30
million on 26 January 2024.
-----------------------------------
------------------------------------------------------------ -----------------------------------------------
d) Aggregated information- Aggregated volume
N/A
- Price
------------------------------------------------------------ -----------------------------------------------
e) Date of the transaction 2018-09-05
------------------------------------------------------------ -----------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------------------------------------------ -----------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Giles Wilson
------------------------------------------------------------ -----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------------------
a) Position/status 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 John Menzies plc
------------------------------------------------------------ -----------------------------------------------
b) LEI 5493008LNN1X4R79PJ89
------------------------------------------------------------ -----------------------------------------------
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 GBP0.25 each
GB0005790059
------------------------------------------------------------ -----------------------------------------------
b) Nature of the transaction Award over Ordinary Shares under the 2018 VCP.
------------------------------------------------------------ -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil Such number of Ordinary Shares
as equals 6.587% of the Plan
Value on 26 January 2022;
6.587% of the Plan Value on
26 January 2023; and 6.587%
of the Plan Value on 26 January
2024.
For these purposes "Plan Value"
means 6.5% of the total return
generated for shareholders
above a total shareholder
return of 8% per annum (calculated
on a compound basis) since
the announcement to sell Menzies
Distribution. The Plan Value
will increase to 7.5% of the
total return generated for
shareholders above this hurdle
if a total shareholder return
of 15% per annum (calculated
on a compound basis) is achieved
over the relevant period.
In either case the Plan Value
is subject to an overall aggregate
cap of GBP15 million on 26
January 2022; GBP20 million
on 26 January 2023; and GBP30
million on 26 January 2024.
-----------------------------------
------------------------------------------------------------ -----------------------------------------------
d) Aggregated information- Aggregated volume
N/A
- Price
------------------------------------------------------------ -----------------------------------------------
e) Date of the transaction 2018-09-05
------------------------------------------------------------ -----------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------------------------------------------ -----------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name John Geddes
---------------------------------------------------------- -----------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Group Company Secretary & Corporate Affairs Director
---------------------------------------------------------- -----------------------------------------------------
b) Initial notification/Amendment Initial notification
---------------------------------------------------------- -----------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name John Menzies plc
---------------------------------------------------------- -----------------------------------------------------
b) LEI 5493008LNN1X4R79PJ89
---------------------------------------------------------- -----------------------------------------------------
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 Ordinary Shares of GBP0.25 each
Identification code
GB0005790059
---------------------------------------------------------- -----------------------------------------------------
b) Nature of the transaction Award over Ordinary Shares under the 2018 VCP.
---------------------------------------------------------- -----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil Such number of Ordinary Shares
as equals 5.067% of the Plan
Value on 26 January 2022;
5.067% of the Plan Value on
26 January 2023; and 5.067%
of the Plan Value on 26 January
2024.
For these purposes "Plan Value"
means 6.5% of the total return
generated for shareholders
above a total shareholder
return of 8% per annum (calculated
on a compound basis) since
the announcement to sell Menzies
Distribution. The Plan Value
will increase to 7.5% of the
total return generated for
shareholders above this hurdle
if a total shareholder return
of 15% per annum (calculated
on a compound basis) is achieved
over the relevant period.
In either case the Plan Value
is subject to an overall aggregate
cap of GBP15 million on 26
January 2022; GBP20 million
on 26 January 2023; and GBP30
million on 26 January 2024.
-----------------------------------
---------------------------------------------------------- -----------------------------------------------------
d) Aggregated information- Aggregated volume
N/A
- Price
---------------------------------------------------------- -----------------------------------------------------
e) Date of the transaction 2018-09-05
---------------------------------------------------------- -----------------------------------------------------
f) Place of the transaction Outside of trading venue
---------------------------------------------------------- -----------------------------------------------------
For further information please contact:
John Geddes
Group Company Secretary & Director of Corporate +44 (0) 131 459
Affairs 8018
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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