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Director/PDMR Shareholding

3rd Jun 2025 15:15

RNS Number : 2717L
Cranswick PLC
03 June 2025
 

Director/PDMR Shareholding

Cranswick plc ("the Company")

 

The Company has been notified that the awards of LTIP nil-cost options summarised in the table below has been made, pursuant to the Cranswick Long Term Incentive Plan (the "LTIP"). The awards have been granted over ordinary shares of 10 pence each in the Company ("Ordinary Shares").

In accordance with the Directors' Remuneration Policy, each Executive Director has been granted a "Core LTIP Award" and an "Exceptional Performance LTIP Award".

Name

No. of Ordinary Shares subject to Core LTIP Award

No. of Ordinary Shares subject to Exceptional Performance LTIP Award

Adam Couch

36,845

18,425

Mark Bottomley

22,030

5,510

Jim Brisby

22,030

5,510

Chris Aldersley

22,030

5,510

The awards were granted on 1 June 2025 in accordance with the LTIP and are based on a share price of 5290 pence per Ordinary Share, being the average quoted market price of the Company's shares on the three dealing days prior to the date of grant.

Vesting of the LTIP options under the Core LTIP Award is subject to the achievement of performance criteria based on growth in Earnings per Share ("EPS") (as regards 50% of each award) and Return on Capital Employed ("ROCE") (as regards 50% of each award).

Vesting of LTIP options under the Exceptional Performance LTIP Award is subject to the achievement of performance criteria based on relative Total Shareholder Return ("TSR").

The targets applying to each element are as follows. 

 

 

Target

EPS

Threshold

312.9 pence per ordinary share

Maximum

362.5 pence per ordinary share

ROCE

Threshold

17 per cent

Maximum

19 per cent

TSR

Threshold

75th percentile

Maximum

90th percentile

 

Notes

Threshold performance results in 25% of that element vesting. 

TSR performance will be measured against companies in the FTSE 250 Index (excluding investment trusts).

 

Enquiries:

Steven Glover, Company Secretary tel: 01482 275000

 

 

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

Christopher Aldersley

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cranswick plc

b)

LEI

549300LDZLPU51XOSK43

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 

GB0002318888

b)

Nature of the transaction

Grant of LTIP awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Grant of Core LTIP Award

0p

22,030

Grant of Exceptional Performance LTIP Award

0p

5,510

d)

Aggregated information

- Aggregated volume 

- Price

- Purpose

 

n/a

n/a

Option Grant

e)

Date of the transaction

1 June 2025

f)

Place of the transaction

Outside a Trading Venue

 

 

 

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

John Mark Bottomley

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cranswick plc

b)

LEI

549300LDZLPU51XOSK43

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 

GB0002318888

b)

Nature of the transaction

Grant of LTIP awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Grant of Core LTIP Award

0p

22,030

Grant of Exceptional Performance LTIP Award

0p

5,510

d)

Aggregated information

- Aggregated volume 

- Price

- Purpose

 

n/a

n/a

Option Grant

e)

Date of the transaction

1 June 2025

f)

Place of the transaction

Outside a Trading Venue

 

 

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

James Robert Brisby

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cranswick plc

b)

LEI

549300LDZLPU51XOSK43

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 

GB0002318888

b)

Nature of the transaction

Grant of LTIP awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Grant of LTIP Option

0p

22,030

Grant of Exceptional Performance LTIP Award

0p

5,510

d)

Aggregated information

- Aggregated volume 

- Price

- Purpose

 

n/a

n/a

Option Grant

e)

Date of the transaction

1 June 2025

f)

Place of the transaction

Outside a Trading Venue

 

 

 

 

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

Adam Hartley Couch

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cranswick plc

b)

LEI

549300LDZLPU51XOSK43

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 

GB0002318888

b)

Nature of the transaction

Grant of LTIP awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Grant of Core LTIP Option

0p

36,845

Grant of Exceptional Performance LTIP Award

0p

18,425

d)

Aggregated information

- Aggregated volume 

- Price

- Purpose

 

n/a

n/a

Option Grant

e)

Date of the transaction

1 June 2025

f)

Place of the transaction

Outside a Trading Venue

 

 

 

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END
 
 
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