(the “Company”)
Corrective Announcement - Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs').
This announcement corrects the regulatory announcement released by the Company today at 17.17
Vesting of shares under the Company’s Long Term Incentive Plan (“LTIP”) and the Deferred Bonus Plan
On
- the LTIP awarded in 2018,
- the Deferred Bonus Plan in respect of the 2017 annual bonus
Number of shares Vesting | LTIP | Deferred Bonus Plan | |
Role | |||
Chief Executive Officer | 229,775 | 174,576 | |
Chief Financial Officer | 125,920 | 79,001 | |
Regional President – | 45,117 | n/a | |
Regional CEO – | 75,419 | 55,431 | |
Regional CEO – | 62,584 | 42,885 | |
Søren Lundsberg-Nielsen | Group General Counsel | 51,893 | 30,963 |
Global EVP, Growth Technology & Innovation | 53,695 | 23,529 | |
Stephane Verdoy | Regional CEO – | 37,395 | 18,139 |
Regional President – | 46,024 | n/a | |
Group Corporate Affairs Director | 38,975 | 18,787 |
In each case sufficient numbers of such shares were sold to pay for tax and other contributions due in respect of the release of the shares.
After these sales, the PDMRs retained the following numbers of shares from the vesting:
Role | Number of shares retained after sale for tax purposes | |
Chief Executive Officer | 214,305 | |
Chief Financial Officer | 108,607 | |
Regional President – | 24,814 | |
Regional CEO – | 98,987 | |
Regional CEO – | 55,486 | |
Søren Lundsberg-Nielsen | Group General Counsel | 45,570 |
Global EVP, Growth Technology & Innovation | 35,885 | |
Stephane Verdoy | Regional CEO - | 36,672 |
Regional President – | 39,120 | |
Group Corporate Affairs Director | 30,613 |
The attached notifications, which have been made in accordance with the requirements of the
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Chief Executive Officer/PDMR
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Acquisition of shares following vesting of the 2018 LTIP award and the vesting of the Deferred Bonus Plan award in respect of the 2017 annual bonus
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
nil | 404,351 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Chief Executive Officer/PDMR
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Sale of a sufficient number of shares from the vesting of the 2018 LTIP and the 2017 Deferred Bonus plan to satisfy tax and NI liabilities
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
£2.427 | 190,046 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Chief Financial Officer/PDMR
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Acquisition of shares following vesting of the 2018 LTIP award and the vesting of the Deferred Bonus Plan award in respect of the 2017 annual bonus
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
nil | 204,921 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Chief Financial Officer/PDMR
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Sale of a sufficient number of shares from the vesting of the 2018 LTIP and the 2017 Deferred Bonus plan to satisfy tax and NI liabilities
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
£2.427 | 96,314 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Regional President –
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Acquisition of shares following vesting of the 2018 LTIP award and the vesting of the Deferred Bonus Plan award in respect of the 2017 annual bonus
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
nil | 45,117 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Regional President –
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Sale of a sufficient number of shares from the vesting of the 2018 LTIP and the 2017 Deferred Bonus plan to satisfy tax and NI liabilities
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
£2.427 | 20,303 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Regional CEO –
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Acquisition of shares following vesting of the 2018 LTIP award and the vesting of the Deferred Bonus Plan award in respect of the 2017 annual bonus
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
nil | 130,850 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Regional CEO –
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Sale of a sufficient number of shares from the vesting of the 2018 LTIP and the 2017 Deferred Bonus plan to satisfy tax and NI liabilities
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
£2.427 | 31,863 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Regional CEO –
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Acquisition of shares following vesting of the 2018 LTIP award and the vesting of the Deferred Bonus Plan award in respect of the 2017 annual bonus
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
nil | 105,469 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Regional CEO –
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Sale of a sufficient number of shares from the vesting of the 2018 LTIP and the 2017 Deferred Bonus plan to satisfy tax and NI liabilities
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
£2.427 | 49,983 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Group General Counsel/PDMR
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Acquisition of shares following vesting of the 2018 LTIP award and the vesting of the Deferred Bonus Plan award in respect of the 2017 annual bonus
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
nil | 82,856 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Group General Counsel/PDMR
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Sale of a sufficient number of shares from the vesting of the 2018 LTIP and the 2017 Deferred Bonus plan to satisfy tax and NI liabilities
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
£2.427 | 37,286 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Global EVP, Growth Technology & Innovation/PDMR
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Acquisition of shares following vesting of the 2018 LTIP award and the vesting of the Deferred Bonus Plan award in respect of the 2017 annual bonus
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
nil | 77,224 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Global EVP, Growth Technology & Innovation/PDMR
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Sale of a sufficient number of shares from the vesting of the 2018 LTIP and the 2017 Deferred Bonus plan to satisfy tax and NI liabilities
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
£2.427 | 41,339 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
Stephane Verdoy
2.
Reason for Notification
a)
Position/status
Regional CEO –
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Acquisition of shares following vesting of the 2018 LTIP award and the vesting of the Deferred Bonus Plan award in respect of the 2017 annual bonus
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
nil | 55,534 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
Stephane Verdoy
2.
Reason for Notification
a)
Position/status
Regional CEO –
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Sale of a sufficient number of shares from the vesting of the 2018 LTIP and the 2017 Deferred Bonus plan to satisfy tax and NI liabilities
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
£2.427 | 18,862 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Regional President –
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Acquisition of shares following vesting of the 2018 LTIP award and the vesting of the Deferred Bonus Plan award in respect of the 2017 annual bonus
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
nil | 46,024 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Regional President –
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Sale of a sufficient number of shares from the vesting of the 2018 LTIP and the 2017 Deferred Bonus plan to satisfy tax and NI liabilities
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
£2.427 | 6,904 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Group Corporate Affairs Director /PDMR
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Acquisition of shares following vesting of the 2018 LTIP award and the vesting of the Deferred Bonus Plan award in respect of the 2017 annual bonus
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
nil | 57,762 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
1.
Details of PDMR / person closely associated with them (‘PCA’)
a)
2.
Reason for Notification
a)
Position/status
Group Corporate Affairs Director/PDMR
b)
Initial notification/ amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
b)
LEI
549300L3KWKK8X35QR12
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
Identification code
Ordinary shares of
GB00B01FL62
b)
Nature of the
Transaction
Sale of a sufficient number of shares from the vesting of the 2018 LTIP and the 2017 Deferred Bonus plan to satisfy tax and NI liabilities
c)
Price(s) and Volume(s)
Price(s) | Volume(s) |
£2.427 | 27,149 |
d)
Aggregated
Information
Aggregated volume Price
N/A single transactions
GBP - Pound Sterling
e)
Date of the Transaction
f)
Place of the Transaction
Outside a trading venue
Celine Barroche
Company Secretary
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