7th Mar 2016 10:30
PENDRAGON PLC - Director/PDMR ShareholdingPENDRAGON PLC - Director/PDMR Shareholding
PR Newswire
London, March 7
07 March 2016
Pendragon PLC (“the Company”)
Conditional awards for 2016 under the Pendragon Long Term Incentive Plan (“LTIP”)
Performance Awards under the LTIP were granted on 07 March 2016 to the executive directors listed below:-
| Director | Number of performance awards |
| T G Finn | 1,931,250 |
| M S Casha | 1,218,375 |
| T P Holden | 920,104 |
| H C Sykes | 536,458 |
Vesting of the Performance Awards under the LTIP is subject to the satisfaction of performance conditions based on achieving defined earnings per share targets measured from the 2015 earnings per share result over a three year performance period, and subject to an underpin of creating absolute total shareholder value:-
| Annual EPS Growth (three year performance period) | Vesting Percentage: |
| Less than RPI +4% | 0% |
| RPI + 4% | 25% |
| RPI + 10% | 100% |
| Straight line vesting between performance points | |
If the performance condition is not satisfied, none of the LTIP award shares will vest.
Following the award of the above Performance Awards, the executive directors’ respective beneficial holdings in Pendragon PLC ordinary shares remains unchanged, and are as detailed below:-
| Director | Number of Shares | Percentage of issued capital |
| T G Finn | 15,482,988 | 1.06% |
| M S Casha | 7,135,869 | 0.49% |
| H C Sykes | 2,282,612 | 0.16% |
| T P Holden | 1,127,015 | 0.08% |
This announcement is intended to satisfy obligations under the Disclosure and Transparency Rules 3.1.4R(1).
HILARY C SYKES
07 MARCH 2016
Enquiries:
Pendragon PLC Trevor Finn Tel: 01623 725114Tim Holden
RLM Finsbury Gordon Simpson Tel: 0207 1513801
-ENDS-
Related Shares:
PDG.L