22nd Mar 2017 10:30
For immediate release
The following amendments have been made to the 'Notification of interests of Directors / Persons Discharging Managerial Responsibility' announcement released on 21 March 2017 at 17.30 under RNS No. 1378A.
The number of PSP Awards granted to James Drummond (Chief Executive Officer) and Kevin Quinn (Chief Financial Officer) on 20 March 2017 have been corrected as follows:
Name |
Role | Original PSP Award (number) | Corrected PSP Award (number) |
J Drummond | Chief Executive Officer | 153,714 | 157,570 |
K Quinn | Chief Financial Officer | 85,476 | 87,619 |
All other details remain unchanged.
The full amended text is shown below.
Grant of Awards
On 20 March 2017, the Company granted the following share-based Awards (structured as nil cost options) under its Performance Share Plan ("PSP") and UK Reinvestment Plan ("URP").
Executive Directors
Name |
Role | PSP Award (number) | URP Award (number) |
J Drummond | Chief Executive Officer | 157,570 | - |
K Quinn | Chief Financial Officer | 87,619 | - |
PDMRs
D A Lawler | Company Secretary | 54,020 | 30,869 |
N P Hansen | Managing Director, Hospitality | 43,035 | 28,690 |
C Martin | Managing Director, Healthcare | 45,767 | 30,511 |
B Devani | Managing Director, Facility & Group Business Development | 42,321 | 28,214 |
PSP Awards
Awards granted under the PSP will vest on 20 March 2020 but only to the extent that certain Company performance targets based on earnings per share and return on invested capital, have been satisfied over a performance period that will end on 31 December 2019.
For PSP Awards granted to Executive Directors only, the above targets will comprise an additional performance target linked to the Company's UK reinvestment plan (as confirmed in the Company's 2016 Annual Report).
Following vesting and subject to the Company's share dealing policy, Awards can be exercised at any time until the tenth anniversary of grant.
URP Awards
Awards granted under the URP will vest on 20 March 2019 but only to the extent that certain earnings before interest and tax (EBIT) targets have been achieved with respect to the UK Hospitality, Healthcare and Workwear businesses by 31 December 2018.
Following vesting, and subject to the Company's share dealing policy, Awards can be exercised at any time until the tenth anniversary of grant.
Dividend Equivalents
To the extent that Awards vest under either the PSP or the URP, a participant will be entitled to receive additional Shares of an amount equivalent to the dividends that would have been paid on the Shares comprised in their Award over the vesting period.
This announcement is made in accordance with Article 19 of the Market Abuse Regulation and Rule 3.1 of the Disclosure and Transparency Rules.
The Company was notified of the grant of all Awards on 20 March 2017.
David Lawler
Company Secretary
The information set out below is provided in accordance with the requirements of the EU Market Abuse Regulation
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a) | Name | James Drummond | ||||
2
| Reason for the notification
| |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification /Amendment | Amendment | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name | Berendsen plc | ||||
b) | LEI | 213800DEH9V24XYGFR32 | ||||
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 |
Nil cost options over Ordinary Shares of £0.30
| ||||
Identification code
| ISIN GB00B0F99717 | |||||
b) | Nature of the transaction | Grant of options | ||||
c)
| Price(s) and volume(s) (£)
|
| ||||
d)
| Aggregated information | |||||
· Aggregated volume | N/A | |||||
· Price | N/A | |||||
e) | Date of the transaction | 20 March 2017 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a) | Name | Kevin Quinn | ||||
2
| Reason for the notification
| |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification /Amendment | Amendment | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a) | Name | Berendsen plc | ||||
b) | LEI | 213800DEH9V24XYGFR32 | ||||
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 |
Nil cost options over Ordinary Shares of £0.30
| ||||
Identification code
| ISIN GB00B0F99717 | |||||
b) | Nature of the transaction | Grant of options | ||||
c)
| Price(s) and volume(s) (£)
|
| ||||
d)
| Aggregated information | |||||
· Aggregated volume | N/A | |||||
· Price | N/A | |||||
e) | Date of the transaction | 20 March 2017 | ||||
f) | Place of the transaction | London Stock Exchange, Main Market | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) | Name | David A Lawler | ||||||
2
| Reason for the notification
| |||||||
a) | Position/status | Company Secretary | ||||||
b) | Initial notification /Amendment | Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a) | Name | Berendsen plc | ||||||
b) | LEI | 213800DEH9V24XYGFR32 | ||||||
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 |
Nil cost options over Ordinary Shares of £0.30
| ||||||
Identification code
| ISIN GB00B0F99717 | |||||||
b) | Nature of the transaction | Grant of options | ||||||
c)
| Price(s) and volume(s) (£)
|
| ||||||
d)
| Aggregated information | |||||||
· Aggregated volume | 84,889 | |||||||
· Price | Nil Cost Options | |||||||
e) | Date of the transaction | 20 March 2017 | ||||||
f) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) | Name | Niels Peter Hansen | ||||||
2
| Reason for the notification
| |||||||
a) | Position/status | Managing Director, Hospitality | ||||||
b) | Initial notification /Amendment | Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a) | Name | Berendsen plc | ||||||
b) | LEI | 213800DEH9V24XYGFR32 | ||||||
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 |
Nil cost options over Ordinary Shares of £0.30
| ||||||
Identification code
| ISIN GB00B0F99717 | |||||||
b) | Nature of the transaction | Grant of options | ||||||
c)
| Price(s) and volume(s) (£)
|
| ||||||
d)
| Aggregated information | |||||||
· Aggregated volume | 71,725 | |||||||
· Price | Nil Cost Options | |||||||
e) | Date of the transaction | 20 March 2017 | ||||||
f) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) | Name | Christophe Martin | ||||||
2
| Reason for the notification
| |||||||
a) | Position/status | Managing Director, Healthcare | ||||||
b) | Initial notification /Amendment | Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a) | Name | Berendsen plc | ||||||
b) | LEI | 213800DEH9V24XYGFR32 | ||||||
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 |
Nil cost options over Ordinary Shares of £0.30
| ||||||
Identification code
| ISIN GB00B0F99717 | |||||||
b) | Nature of the transaction | Grant of options | ||||||
c)
| Price(s) and volume(s) (£)
|
| ||||||
d)
| Aggregated information | |||||||
· Aggregated volume | 76,278 | |||||||
· Price | Nil Cost Options | |||||||
e) | Date of the transaction | 20 March 2017 | ||||||
f) | Place of the transaction | London Stock Exchange, Main Market | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a) | Name | Baba (Suketu) Devani | ||||||
2
| Reason for the notification
| |||||||
a) | Position/status | Managing Director - Facility & Group Business Development | ||||||
b) | Initial notification /Amendment | Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a) | Name | Berendsen plc | ||||||
b) | LEI | 213800DEH9V24XYGFR32 | ||||||
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 |
Nil cost options over Ordinary Shares of £0.30
| ||||||
Identification code
| ISIN GB00B0F99717 | |||||||
b) | Nature of the transaction | Grant of options | ||||||
c)
| Price(s) and volume(s) (£)
|
| ||||||
d)
| Aggregated information | |||||||
· Aggregated volume | 70,535 | |||||||
· Price | Nil Cost Options | |||||||
e) | Date of the transaction | 20 March 2017 | ||||||
f) | Place of the transaction | London Stock Exchange, Main Market | ||||||
Related Shares:
Berendsen