DABS Awards

Released : 25.08.2017

RNS Number : 9564O
Conviviality PLC
25 August 2017
 

25 August 2017

Conviviality Plc
(the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations

Conviviality Plc (AIM: CVR), the UK's leading independent wholesaler and distributor of alcohol and impulse serving consumers through its Franchised retail outlets and through hospitality and food service, announces the following awards over ordinary shares of £0.0002 each in the Company ("Ordinary Shares") under the Conviviality Plc Deferred Annual Bonus Share Plan ("DABS").

Pursuant to the annual bonus plan applicable to the executive directors of Conviviality Plc in respect of the financial year ended 30 April 2017, 50% of the bonus payable to each Director was satisfied in cash, with the balance to be satisfied with Ordinary Shares.  Options have been granted to the executive directors on 24 August 2017 in respect of such number of Ordinary Shares as have been purchased by the Conviviality Plc Employee Benefit Trust using the part of the annual bonus which was not paid in cash, with such options ordinarily vesting on 28 July 2018 (the first anniversary of the date on which the part of the bonus paid in cash was satisfied):

PDMR

Number of Ordinary Shares subject to the Award

Effective date of grant

Diana Hunter

53,685

24 August 2017

Andrew Humphreys

24,337

24 August 2017

David Robinson

28,962

24 August 2017

Mark Aylwin

30,252

24 August 2017

Participants will accrue a right to dividends paid on Ordinary Shares subject to option, which may be satisfied in cash or by the issue of additional Ordinary Shares.  The exercise price payable by each executive director is £0.0002 per Ordinary Share. 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Diana Hunter

 

2

Reason for the notification

a)

Position/status

CEO

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Conviviality Plc


b)

LEI

213800QZEVZPBN5XA643

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  £0.0002 each

 

 

 


GB00BC7H5F74

b)

Nature of the transaction

Grant of an option under the Conviviality Plc Deferred Annual Bonus Share Plan. The awards will ordinarily vest on 28 July 2018 with an exercise price of £0.0002 per share.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil


53,685

 

d)

Aggregated information

 

 Price(s)

Volume(s)

 Nil


53,685

 

e)

Date of the transaction

24 August 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew Humphreys

 

2

Reason for the notification

a)

Position/status

CFO

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Conviviality Plc


b)

LEI

213800QZEVZPBN5XA643

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  £0.0002 each

 

 

 


GB00BC7H5F74

b)

Nature of the transaction

Grant of an option under the Conviviality Plc Deferred Annual Bonus Share Plan. The awards will ordinarily vest on 28 July 2018 with an exercise price of £0.0002 per share.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil

 24,337

 

d)

Aggregated information

 

 Price(s)

Volume(s)

 Nil

 24,337

 

e)

Date of the transaction

24 August 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Robinson

 

2

Reason for the notification

a)

Position/status

Managing Director, Conviviality Retail

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Conviviality Plc


b)

LEI

213800QZEVZPBN5XA643

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  £0.0002 each

 

 

 


GB00BC7H5F74

b)

Nature of the transaction

Grant of an option under the Conviviality Plc Deferred Annual Bonus Share Plan. The awards will ordinarily vest on 28 July 2018 with an exercise price of £0.0002 per share.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil

28,962

 

d)

Aggregated information

 

 Price(s)

Volume(s)

 Nil


28,962

 

e)

Date of the transaction

24 August 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Aylwin

 

2

Reason for the notification

a)

Position/status

Managing Director, Conviviality Direct

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Conviviality Plc


b)

LEI

213800QZEVZPBN5XA643

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  £0.0002 each

 

 

 


GB00BC7H5F74

b)

Nature of the transaction

Grant of an option under the Conviviality Plc Deferred Annual Bonus Share Plan. The awards will ordinarily vest on 28 July 2018 with an exercise price of £0.0002 per share.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil


30,252

 

d)

Aggregated information

 

 Price(s)

Volume(s)

 Nil


30,252

 

e)

Date of the transaction

24 August 2017

f)

Place of the transaction

Outside a trading venue

 

Enquiries:

Conviviality Plc                                                                                 Tel: 01270 614 700
Diana Hunter, Chief Executive Officer
Andrew Humphreys, Chief Financial Officer

Investec (Nominated Adviser and Broker)                           Tel: 020 7597 5970
Garry Levin / David Flin / Daniel Adams

FTI Consulting                                                                                   Tel: 020 3727 1000
Jonathon Brill / Georgina Goodhew / Fiona Walker

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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