11th Jun 2019 11:16
Biffa plc
11 June 2019
Directors' and PDMR's Share Transactions
Vesting of Directors' and PDMR's Share Awards
Notification is given relating to the Performance Share Plan ("PSP") awards originally granted on 20 October 2016 and which vested on Friday 7 June 2019 at 72.75% of the original award in accordance with the rules of the PSP and the relevant performance criteria. The share price on vesting was £2.26 (being the closing mid-market price on Friday 7 June 2019). Details are set out below:
Director/PDMR Shares Vested
(Gross Number)
Jeff Anderson 233,713
Mick Davis 172,522
Roger Edwards 172,522
David Gooding 118,980
Jane Pateman 169,548
Michael Topham 276,206
Notification of Transactions of Persons Discharging Managerial Responsibilities
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
(a) | Name | Jeff Anderson | ||||
2 | Reason for the notification | |||||
(a) | Position/status | Chief Operating Officer, Collections | ||||
(b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name | Biffa plc | ||||
(b) | LEI | 2138008RB4WDK7HYYS91 | ||||
4 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 in the capital of the Company | ||||
| Identification code | GB00BD8DR117 | ||||
(b) | Nature of the transaction | The acquisition of shares (for nil consideration) following vesting of conditional performance share awards under the Company's Performance Share Plan 2016. | ||||
(c) | Price(s) and volume(s)
|
| ||||
(d) | Aggregated information |
| ||||
| · Aggregated volume | N/A | ||||
| · Price | N/A | ||||
(e) | Date of the transaction | 2019.06.07 | ||||
(f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
(a) | Name | Michael Davis | ||||
2 | Reason for the notification | |||||
(a) | Position/status | Chief Operating Officer, Resources & Energy | ||||
(b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name | Biffa plc | ||||
(b) | LEI | 2138008RB4WDK7HYYS91 | ||||
4 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 in the capital of the Company | ||||
| Identification code | GB00BD8DR117 | ||||
(b) | Nature of the transaction | The acquisition of shares (for nil consideration) following vesting of conditional performance share awards under the Company's Performance Share Plan 2016. | ||||
| Price(s) and volume(s)
|
| ||||
(d) | Aggregated information |
| ||||
| · Aggregated volume | N/A | ||||
| · Price | N/A | ||||
(e) | Date of the transaction | 2019.06.07 | ||||
(f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
(a) | Name | Roger Edwards | ||||
2 | Reason for the notification | |||||
(a) | Position/status | Managing Director - Municipal Division | ||||
(b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name | Biffa plc | ||||
(b) | LEI | 2138008RB4WDK7HYYS91 | ||||
4 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 in the capital of the Company | ||||
| Identification code | GB00BD8DR117 | ||||
(b) | Nature of the transaction | The acquisition of shares (for nil consideration) following vesting of conditional performance share awards under the Company's Performance Share Plan 2016. | ||||
(c) | Price(s) and volume(s)
|
| ||||
(d) | Aggregated information |
| ||||
| · Aggregated volume | N/A | ||||
| · Price | N/A | ||||
(e) | Date of the transaction | 2019.06.07 | ||||
(f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
(a) | Name | David Gooding | ||||
2 | Reason for the notification | |||||
(a) | Position/status | Group IT Director | ||||
(b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name | Biffa plc | ||||
(b) | LEI | 2138008RB4WDK7HYYS91 | ||||
4 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 in the capital of the Company | ||||
| Identification code | GB00BD8DR117 | ||||
(b) | Nature of the transaction | The acquisition of shares (for nil consideration) following vesting of conditional performance share awards under the Company's Performance Share Plan 2016. | ||||
(c) | Price(s) and volume(s)
|
| ||||
(d) | Aggregated information |
| ||||
| · Aggregated volume | N/A | ||||
| · Price | N/A | ||||
(e) | Date of the transaction | 2019.06.07 | ||||
(f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
(a) | Name | Jane Pateman | ||||
2 | Reason for the notification | |||||
(a) | Position/status | Group HR Director | ||||
(b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name | Biffa plc | ||||
(b) | LEI | 2138008RB4WDK7HYYS91 | ||||
4 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 in the capital of the Company | ||||
| Identification code | GB00BD8DR117 | ||||
(b) | Nature of the transaction | The acquisition of shares (for nil consideration) following vesting of conditional performance share awards under the Company's Performance Share Plan 2016. | ||||
(c) | Price(s) and volume(s)
|
| ||||
(d) | Aggregated information |
| ||||
| · Aggregated volume | N/A | ||||
| · Price | N/A | ||||
(e) | Date of the transaction | 2019.06.07 | ||||
(f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
(a) | Name | Michael Topham | ||||
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 | Biffa plc | ||||
(b) | LEI | 2138008RB4WDK7HYYS91 | ||||
4 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 in the capital of the Company | ||||
| Identification code | GB00BD8DR117 | ||||
(b) | Nature of the transaction | The acquisition of shares (for nil consideration) following vesting of conditional performance share awards under the Company's Performance Share Plan 2016.
| ||||
(c) | Price(s) and volume(s)
|
| ||||
(d) | Aggregated information |
| ||||
| · Aggregated volume | N/A | ||||
| · Price | N/A | ||||
(e) | Date of the transaction | 2019.06.07 | ||||
(f) | Place of the transaction | Outside a trading venue | ||||
Name of officer of issuer responsible for making notification: Rachael Hambrook - Company Secretary Date of Notification: 2019.06.11 |
Enquiries:
Michael Topham, Chief Executive Officer |
|
Richard Pike, Chief Financial Officer | |
Rachael Hambrook, Company Secretary |
About Biffa
Biffa is a leading UK-based integrated waste management business. The Group operates across the breadth of the waste management value chain, including the collection, treatment, processing and disposal of waste and recyclable materials, as well as related work in the production and sale of energy derived from waste and the sale of recovered commodities such as paper, glass, metals and plastic. Biffa's customer base for these services includes local authorities (which includes the collection of waste from households), large corporates and SMEs, and purchasers of end-product commodities and energy. The Group's services are organised across four operating divisions: Industrial & Commercial; Municipal; Resource Recovery & Treatment (RR&T); and Energy. In FY 2018, the Group's total revenue was £1,076.7 million and its Underlying EBITDA was £150.0 million. Biffa was admitted to trading on the London Stock Exchange's main market for listed securities in October 2016 under the ticker "BIFF".
For more information visit www.biffa.co.uk
Related Shares:
BIFF.L