15th Dec 2016 15:30
Enterprise Inns plc (the 'Company')
Director/PDMR Shareholding
Grant of 2016 Deferred Share Awards
The Company confirms that on 14 December 2016 it granted to each of the executive directors a deferred share award (structured as an option) for the year ended 30 September 2016 under the Enterprise Inns 2015 Annual Bonus Plan ('2015 Plan') over ordinary shares of 2.5 pence in the Company ('Shares') as 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 | 91,227 | N R Smith Chief Financial Officer | 74,455 | |
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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 2016 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 both took 19% of their overall bonus in deferred share awards. The balance was paid in cash.
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 2019 to 14 June 2020 for a total payment of £1 by each director.
Vesting and exercise of 2013 Deferred Share Awards and Sale of Shares
Also on 14 December 2016, pursuant to deferred share awards granted on 13 December 2013 under the Enterprise Inns 2005 Annual Bonus Plan ('2005 Plan'), the executive 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 | 75,182 | N R Smith Chief Financial Officer | 29,719 |
Also on 14 December 2016, the following directors sold Shares as follows:
Name/Position | Shares sold at 107.88p | Name/Position | Shares sold at 107.88p |
W S Townsend Chief Executive Officer | 35,896 Shares to cover tax and costs plus 16,269 Shares Total Shares sold: 52,165 | N R Smith Chief Financial Officer | 14,192 Shares to cover tax and costs plus 7,526 Shares Total Shares sold: 21,718 |
Total Shares held
The total number and percentage of Shares beneficially held by the following directors immediately following these transactions 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) |
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W S Townsend Chief Executive Officer | 1,166,265 0.24% | N R Smith Chief Financial Officer | 383,001 0.08% |
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Public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Notification of Dealing Form
1 | Details of the person discharging managerial responsibility /persons closely associated with them. | ||
a) | Name | W S Townsend | |
2 | Reason for the Notification | ||
a) | Position/status | CEO | |
b) | Initial Notification/Amendment | Initial Notification | |
3 | Details of the issuer | ||
a) | Name | Enterprise Inns plc | |
4 | Details of the transactions | ||
a) | Description of the financial instruments, type of instrument Identification Code | Ordinary Shares of 2.5 pence each GB00B1L8B624 | |
b) | Nature of transactions | Grant of 2016 deferred share award over 91,227 shares, price - nil, part of 2016 annual bonus award.
Vesting and exercise of a deferred share award over 75,182 shares, part of 2013 annual bonus award - total exercise price £1.
Sale of shares (including to cover tax) 52,165 at 107.88p | |
c) | Price(s) and volume(s) of share sales | Price(s) | Volume(s) |
107.88p | 52,165 | ||
d) | Aggregated information of share sales Aggregated volume Price |
52,165 107.88p | |
e) | Date of the transactions | 14 December 2016 | |
f) | Place of the transaction of share sales | BOAT Turquoise | |
1 | Details of the person discharging managerial responsibility /persons closely associated with them. | ||
a) | Name | N R Smith | |
2 | Reason for the Notification | ||
a) | Position/status | CFO | |
b) | Initial Notification/Amendment | Initial Notification | |
3 | Details of the issuer | ||
a) | Name | Enterprise Inns plc | |
4 | Details of the transactions | ||
a) | Description of the financial instruments, type of instrument Identification Code | Ordinary Shares of 2.5 pence each GB00B1L8B624 | |
b) | Nature of transactions | Grant of 2016 deferred share award 2016 over 74,455 shares, price - nil, part of 2016 annual bonus award.
Vesting and exercise of a deferred share award over 29,719 shares, part of 2013 annual bonus award -total exercise price £1.
Sale of shares (including to cover tax) 21,718 at 107.88p
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c) | Price(s) and volume(s) of share sales | Price(s) | Volume(s) |
107.88p | 21,718 | ||
d) | Aggregated information of share sales Aggregated volume Price |
21,718 107.88p | |
e) | Date of the transactions | 14 December 2016 | |
f) | Place of the transaction of shares sales | BOAT Turquoise | |
Contact:
Loretta Togher, Company Secretary, Enterprise Inns plc
0121 733 7700
Related Shares:
EI Group