16th Apr 2025 17:55
Inchcape plc
Grant of awards under the Inchcape Performance Share Plan (PSP) in 2025
Inchcape plc (Company) has granted awards under the PSP for 2025, with an additional grant of a one-off PSP award to support the delivery of the Accelerate+ strategy, in line with the remuneration policy approved by shareholders at the 2023 annual general meeting. The performance targets for the 2025 PSP awards are:
Normal PSP award
Three-year cumulative EPS (40% weighting) | Vesting % |
Less than 227p | 0% |
227p | 25% |
255p | 100% |
Between 227p and 255p | Straight line basis |
Three-year average ROCE (40% weighting) | Vesting % |
Less than 23% | 0% |
23% | 25% |
30% | 100% |
Between 23% and 30% | Straight line basis |
Cash conversion (20% weighting) | Vesting % |
Less than 57% | 0% |
57% | 25% |
67% | 100% |
Between 57% and 67% | Straight line basis |
One-off PSP award
Three-year cumulative EPS (100%) | Vesting % |
Less than 255p | 0% |
255p | 25% |
275p | 100% |
Between 255p and 275p | Straight line basis |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name | Mike Bowers | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | PDMR - CEO Americas
| ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Inchcape plc | ||||||
b)
| LEI
| 213800RGEH1MPPNM2T57 | ||||||
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 Shares of 10 pence each
GB00B61TVQ02
| ||||||
b)
| Nature of the transaction
| Grant of options under the Inchcape Performance Share Plan and an additional one-off award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
127,272
£0.00 | ||||||
e)
| Date of the transaction | 14 April 2025 | ||||||
f)
| Place of the transaction
| Outside a trading venue
| ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name | Liz Brown | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | PDMR - Chief Strategy & Sustainability Officer | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Inchcape plc | ||||||
b)
| LEI
| 213800RGEH1MPPNM2T57 | ||||||
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 Shares of 10 pence each
GB00B61TVQ02
| ||||||
b)
| Nature of the transaction
| Grant of options under the Inchcape Performance Share Plan and an additional one-off award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
115,722
£0.00 | ||||||
e)
| Date of the transaction | 14 April 2025 | ||||||
f)
| Place of the transaction
| Outside a trading venue
| ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name | Helen Cunningham | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | PDMR - Chief People Officer | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Inchcape plc | ||||||
b)
| LEI
| 213800RGEH1MPPNM2T57 | ||||||
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 Shares of 10 pence each
GB00B61TVQ02
| ||||||
b)
| Nature of the transaction
| Grant of options under the Inchcape Performance Share Plan and an additional one-off award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
119,381
£0.00 | ||||||
e)
| Date of the transaction | 14 April 2025 | ||||||
f)
| Place of the transaction
| Outside a trading venue
| ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name | Phil Jenkins | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | PDMR - Chief M&A Officer | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Inchcape plc | ||||||
b)
| LEI
| 213800RGEH1MPPNM2T57 | ||||||
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 Shares of 10 pence each
GB00B61TVQ02
| ||||||
b)
| Nature of the transaction
| Grant of options under the Inchcape Performance Share Plan and an additional one-off award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
105,436
£0.00 | ||||||
e)
| Date of the transaction | 14 April 2025 | ||||||
f)
| Place of the transaction
| Outside a trading venue
| ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name | Ruslan Kinebas | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | PDMR - CEO APAC | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Inchcape plc | ||||||
b)
| LEI
| 213800RGEH1MPPNM2T57 | ||||||
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 Shares of 10 pence each
GB00B61TVQ02
| ||||||
b)
| Nature of the transaction
| Grant of options under the Inchcape Performance Share Plan and an additional one-off award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
139,737
£0.00 | ||||||
e)
| Date of the transaction | 14 April 2025 | ||||||
f)
| Place of the transaction
| Outside a trading venue
| ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name | Romeo Lacerda | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | PDMR - Chief Commercial Officer | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Inchcape plc | ||||||
b)
| LEI
| 213800RGEH1MPPNM2T57 | ||||||
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 Shares of 10 pence each
GB00B61TVQ02
| ||||||
b)
| Nature of the transaction
| Grant of options under the Inchcape Performance Share Plan and an additional one-off award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
140,908
£0.00 | ||||||
e)
| Date of the transaction | 14 April 2025 | ||||||
f)
| Place of the transaction
| Outside a trading venue
| ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name | Adrian Lewis | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | PDMR - Group 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
| Inchcape plc | ||||||
b)
| LEI
| 213800RGEH1MPPNM2T57 | ||||||
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 Shares of 10 pence each
GB00B61TVQ02
| ||||||
b)
| Nature of the transaction
| Grant of options under the Inchcape Performance Share Plan and an additional one-off award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
192,328
£0.00 | ||||||
e)
| Date of the transaction | 14 April 2025 | ||||||
f)
| Place of the transaction
| Outside a trading venue
| ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name | Glafkos Persianis | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | PDMR - CEO Europe & Africa | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Inchcape plc | ||||||
b)
| LEI
| 213800RGEH1MPPNM2T57 | ||||||
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 Shares of 10 pence each
GB00B61TVQ02
| ||||||
b)
| Nature of the transaction
| Grant of options under the Inchcape Performance Share Plan and an additional one-off award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
134,333
£0.00 | ||||||
e)
| Date of the transaction | 14 April 2025 | ||||||
f)
| Place of the transaction
| Outside a trading venue
| ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name | Duncan Tait | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | PDMR - Group Chief Executive | ||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Inchcape plc | ||||||
b)
| LEI
| 213800RGEH1MPPNM2T57 | ||||||
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 Shares of 10 pence each
GB00B61TVQ02
| ||||||
b)
| Nature of the transaction
| Grant of options under the Inchcape Performance Share Plan and an additional one-off award
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information
- Aggregated volume
- Price
|
360,970
£0.00 | ||||||
e)
| Date of the transaction | 14 April 2025 | ||||||
f)
| Place of the transaction
| Outside a trading venue
| ||||||
Related Shares:
Inchcape