6th Jul 2021 18:32
ContourGlobal plc
Notification of transactions by persons discharging managerial responsibilities or persons closely associated with them in accordance with the Market Abuse Regulations.
On 28 June 2021, the Performance Share Award granted on 28 June 2018 to Joseph C. Brandt under the Company's Long Term Incentive Plan ('LTIP') vested over such number of shares in the Company as set out in the table below. A number of shares were subsequently sold to satisfy Joseph C. Brandt's taxation and withholding obligations, again as set out in the table below. The remaining shares held by Joseph C. Brandt are subject to a two-year post-vesting holding period.
PDMR | Number of shares under award granted on 28 June 2018 | Number of shares vested on 28 June 2021* | Number of dividend equivalent shares on vested LTIP award | Total number of shares acquired | Shares sold on 6 July 2021 to cover relevant tax and withholding liabilities | Number of shares retained following sale |
Joseph C. Brandt | 391,646 | 213,055 | 44,650 | 257,705 | 117,801 | 139,904 |
*The number of shares vested was based on the Company achieving 54.4 per cent of the performance target relating to the LTIP.
Details of the full notifications received by the Company are set out below.
Acquisition of shares
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Joseph C. Brandt | ||||
2 | Reason for Notification | |||||
a) | Position/status | President and Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ContourGlobal plc | ||||
b) | LEI | 5493002I3A4J5TFOR115 | ||||
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 | Ordinary Shares of 1 pence each in ContourGlobal plc
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| Identification code | GB00BF448H58 | ||||
b) | Nature of the transaction | Acquisition of ordinary shares pursuant to the vesting of a Performance Share Award under the ContourGlobal plc Long Term Incentive Plan.
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
257,705 £0.00 | ||||
e) | Date of the transaction | 2021-06-28 | ||||
f) | Place of the transaction | Outside a trading venue (XOFF) | ||||
Sale of Shares
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Joseph C. Brandt | ||||
2 | Reason for Notification | |||||
a) | Position/status | President and Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial Announcement | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ContourGlobal plc | ||||
b) | LEI | 5493002I3A4J5TFOR115 | ||||
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 | Ordinary Shares of 1 pence each in ContourGlobal plc
| ||||
| Identification code | GB00BF448H58 | ||||
b) | Nature of the transaction | Sale of ordinary shares to cover the relevant tax and withholding liabilities following the vesting(on 28 June 2021) of the Performance Share Award under the ContourGlobal plc Long Term Incentive Plan.
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
117,801 £ 1.954179 | ||||
e) | Date of the transaction | 2021-07-06 | ||||
f) | Place of the transaction | Outside a trading venue (XOFF) | ||||
Thema Salandy
On behalf of Link Company Matters LimitedCompany Secretary6 July 2021
Related Shares:
GLO.L