1st Apr 2020 15:08
1 April 2020
Wm Morrison Supermarkets plc
(the "Company")
Notification of Dealings in the Company's Shares by Directors
The Company announces the following dealings in the Company's ordinary shares of 10 pence each ("Shares") undertaken by directors / persons discharging managerial responsibility ("PDMRs").
Deferred Share Bonus Plan ("DSBP") Release
On 30 March 2020, the release from an award granted under the Wm Morrison Supermarkets Deferred Share Bonus Plan ("DSBP") granted on 28 March 2017 meant that David Potts and Trevor Strain receive 191,636 and 129,636 Shares of 10 pence each in the Company respectively.
These share awards are after settlement of income tax and employee's national insurance contributions.
David Potts' total shareholding following this action is 3,046,282 Shares.
Trevor Strain's total shareholding following this action is 1,032,104 Shares.
The share price on release was 183.775 pence per Share.
Long Term Incentive Plan ("LTIP") Grant
On 31 March 2020, the Company granted the following conditional awards ("Awards") under the 2017 Wm Morrison Supermarkets Long Term Incentive Plan ("LTIP"). The number of shares granted being calculated using a market price of 179.11 pence per share.
Name | Number of Shares under Award |
David Potts | 1,423,706 |
Trevor Strain | 1,113,840 |
Michael Gleeson | 820,724 |
The Awards will vest on 31 March 2023, but only to the extent that certain criteria are met. No consideration is payable on the grant or vesting of the Awards.
The Notification of Dealing Forms can be found below.
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
Enquiries:
Andrew Kasoulis - Investor Relations 07785 343515
Julian Bailey - Media Relations 07969 061092
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | David Potts | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Executive Officer | ||||||
b) | Initial notification /Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Wm Morrison Supermarkets PLC | ||||||
b) | LEI | 213800IN6LSRGTZSOS29 | ||||||
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, type of instrument Identification code | Ordinary 10p Shares
ISIN: GB0006043169 | ||||||
b) | Nature of the transaction | Release from an award granted under the rules of the Wm Morrison Supermarkets Deferred Share Bonus Plan after settlement of income tax and employee's national insurance contributions | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 30 March 2020 | ||||||
f) | Place of the transaction | XLON | ||||||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Trevor Strain | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Operating Officer | ||||||
b) | Initial notification /Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Wm Morrison Supermarkets PLC | ||||||
b) | LEI | 213800IN6LSRGTZSOS29 | ||||||
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, type of instrument Identification code | Ordinary 10p Shares
ISIN: GB0006043169 | ||||||
b) | Nature of the transaction | Release from an award granted under the rules of the Wm Morrison Supermarkets Deferred Share Bonus Plan after settlement of income tax and employee's national insurance contributions | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 30 March 2020 | ||||||
f) | Place of the transaction | XLON | ||||||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | David Potts | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Executive Officer | ||||||
b) | Initial notification /Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Wm Morrison Supermarkets PLC | ||||||
b) | LEI | 213800IN6LSRGTZSOS29 | ||||||
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, type of instrument Identification code | Ordinary 10p Shares
ISIN: GB0006043169 | ||||||
b) | Nature of the transaction | Grant of nil-cost options under the rules of the 2017 Wm Morrison Supermarkets Long Term Incentive Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 31 March 2020 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Trevor Strain | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Operating Officer | ||||||
b) | Initial notification /Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Wm Morrison Supermarkets PLC | ||||||
b) | LEI | 213800IN6LSRGTZSOS29 | ||||||
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, type of instrument Identification code | Ordinary 10p Shares
ISIN: GB0006043169 | ||||||
b) | Nature of the transaction | Grant of nil-cost options under the rules of the 2017 Wm Morrison Supermarkets Long Term Incentive Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 31 March 2020 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
Notification of dealing form
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Michael Gleeson | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Chief Financial Officer | ||||||
b) | Initial notification /Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Wm Morrison Supermarkets PLC | ||||||
b) | LEI | 213800IN6LSRGTZSOS29 | ||||||
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, type of instrument Identification code | Ordinary 10p Shares
ISIN: GB0006043169 | ||||||
b) | Nature of the transaction | Grant of nil-cost options under the rules of the 2017 Wm Morrison Supermarkets Long Term Incentive Plan | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
| ||||||
e) | Date of the transaction | 31 March 2020 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
End
Related Shares:
MRW.L