16th Dec 2015 07:01
Enterprise Inns plc (the 'Company')
Director/PDMR Shareholding
16 December 2015
Grant of 2015 Deferred Share Awards
The Company confirms that on the 14 December 2015 it granted to each of the following executive directors a deferred share award (structured as an option) for the year ended 30 September 2015 under the Enterprise Inns 2015 Annual Bonus Plan ('2015 Plan'), in respect of the number of ordinary shares of 2.5 pence in the Company ('Shares'), set out below:
| Name/Position | Shares placed under Deferred Share Award | Name/Position | Shares placed under Deferred Share Award | |
| W S Townsend Chief Executive Officer | 24,608 | N R Smith Chief Financial Officer | 23,709 | |
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These deferred share awards are in respect of the above individuals' total annual bonus award under the 2015 Plan for the financial year ended 30 September 2015 and are not subject to further performance criteria. In the normal course 50% of any bonus awarded above target is deferred into shares. W S Townsend and N R Smith this year took 9% and 10% respectively of their bonus in deferred share awards.
Under the rules of the 2015 Plan, the deferred share awards will be satisfied upon exercise by the transfer of Shares to the individuals from the Company's Employee Benefit Trust. For W S Townsend and N R Smith these deferred share awards will normally be exercisable from 14 December 2018 to 14 June 2019 for a total payment of £1 by each director.
Vesting of 2012 Deferred Share Awards and Sale of Shares
Also on 14 December 2015, pursuant to deferred share awards granted on 12 December 2012 under the Enterprise Inns 2005 Annual Bonus Plan ('2005 Plan'), the following directors acquired the following Shares for a total payment of £1 each.
Name/Position | Shares acquired on exercise of Deferred Share Award | Name/Position | Shares acquired on exercise of Deferred Share Award |
W S Townsend Chief Executive Officer | 243,585 | N R Smith Chief Financial Officer | 97,981 |
On 14 and 15 December 2015, the following directors sold Shares as follows:
Name/Position | Shares sold at average price of 106.72p | Name/Position | Shares sold at average price of 106.72p |
W S Townsend Chief Executive Officer | 114,715 Shares to cover tax and costs plus 64,255 Shares Total Shares sold: 178,970 | N R Smith Chief Financial Officer | 46,144 Shares to cover tax and costs plus 25,872 Shares Total Shares sold: 72,016 |
Total Shares held
The total number and percentage of Shares beneficially held by the following directors immediately following these notifications has increased and is now as follows:
| Name/Position | Total holding and % of issued Shares (excluding treasury) | Name/Position | Total holding and % of issued shares (excluding treasury) | |
| W S Townsend Chief Executive Officer | 1,043,920 0.21% | N R Smith Chief Financial Officer | 279,172 0.06% | |
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This notification is provided in accordance with DTR 3.1.4R (1).
Name of contact and telephone number for queries:
L A Togher
Company Secretary
0121 733 7700
Related Shares:
EI Group