19th May 2016 15:46
PUNCH TAVERNS PLC19 May 2016
PUNCH TAVERNS SHARESAVE SCHEME
Punch Taverns plc (the "Company") is pleased to announce that it has launched a Save as You Earn share scheme for all employees, known as the "Sharesave Scheme". The Sharesave Scheme is a tax-favoured plan which enables eligible employees to acquire ordinary shares in the Company with the proceeds of a monthly savings contract. The contract period in each case is three years.
The options have a savings contract start date of 1 July 2016 and are exercisable ordinarily between 1 July 2019 and 1 January 2020. On 18 May 2016, some of these options to buy ordinary shares were granted under the terms of the Sharesave Scheme to certain PDMRs of the Company.
Name of PDMR Number of options granted
Jackie Burn 20,785Andy Crump 8,314Giles Kendall 20,785Paul Pavli 20,785David Wigham 20,785
This notification is made in accordance with Disclosure and Transparency Rule 3.1.4.
Stuart GallyotCompany SecretaryPunch Taverns plc01283 501948
Related Shares:
Punch Taverns PLC