19th Dec 2016 16:39
19 December 2016
Marston's PLC (the "Company")
Notification under DTR 3.1.4, of transactions by persons discharging managerial responsibilities
The Company announces that on 16 December 2016 it granted an award in the form of a nil cost option over ordinary shares in the Company to the following PDMR in accordance with the Marston's 2013 Deferred Bonus Plan (the "Plan").
Name of individual | Number of shares subject to award |
Richard Westwood | 64,000 |
The award is the portion of the bonus earned for the financial period ending 1 October 2016 that the individual has elected to receive in the form of an award under the Plan. No consideration was paid for the grant of the award.
Subject to the rules of the Plan, the award will vest on 16 December 2019.
This notification is made in accordance with the EU Market Abuse Regulation.
1. | Details of PDMR / PCA (person closely associated)
| |||||||
(a) | Name | Richard Westwood
| ||||||
(b) | Position/status | PDMR (Managing Director, Marston's Beer Company)
| ||||||
(c) | Initial notification/ amendment | Initial notification
| ||||||
2. | Details of the issuer
| |||||||
(a) | Name | Marston's PLC
| ||||||
3. | 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 | Ordinary shares of 7.375p each
ISIN GB00B1JQDM80
| ||||||
(b) | Nature of the transaction | Grant of option under Deferred Bonus Plan
| ||||||
(c) | Price(s) and volume(s) |
| ||||||
(d) | Aggregated information
Aggregated volume price | n/a single transaction
n/a single transaction
| ||||||
(e) | Date of the transaction
| 2016-12-16 | ||||||
(f) | Place of the transaction
| London Stock Exchange, Main Market (XLON)
| ||||||
Enquiries: Anne-Marie Brennan, Group Secretary, Marston's PLC, +44 (0) 1902 329163
Related Shares:
Marstons