Last checked at 30 Jun 2023 14:54
Young & Co.’s Brewery, P.L.C. (the “Company”)
Notifications by PDMRs and persons closely associated with PDMRs
Circumstances giving rise to the notifications
The Company announces that awards were granted to the executive directors under the Long-Term Incentive Plan (‘LTIP’) on 29 June 2023, as set out below:
PDMR | Number of shares subject to awards1 | Vesting Date |
Simon Dodd | 36,5972 | 29 June 2026 |
Mike Owen | 26,0902 | 29 June 2026 |
Tracy Dodd | 14,1163 | 29 June 2026 |
Mark Loughborough | 14,1163 | 29 June 2026 |
Notes
1 The awards are in the form of a nil-cost option and no monetary consideration was paid for the awards. The awards are subject to the satisfaction of performance conditions. The remuneration committee has decided that the awards will be based on the following performance conditions:
- two-thirds on the Company’s adjusted earnings per share growth to the year ending on or around 31 March 2026; and
- one-third on total shareholder return relative to a comparator group of the Company’s peers.
The remuneration committee believes that the selection of the above performance conditions will ensure that the vesting outcome is fully aligned with the shareholder experience. Further information about the plan is provided on pages 79 to 80 and 142 to 143 of the Company’s 2023 Annual Report.
2 This award is equivalent to 100% of base salary. The award will vest and become exercisable subject to continued employment with the Company and the extent to which performance conditions are met.
3 This award is equivalent to 75% of base salary. The award will vest and become exercisable subject to continued employment with the Company and the extent to which performance conditions are met.
Notifications
In connection with the above, the Company today received the following notifications:
From Simon Dodd:
1 | Details of the person discharging managerial responsibilities / person closely associated
| |
a) | Name | Simon Dodd
|
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 | Young & Co.’s Brewery, P.L.C. |
b) | LEI | 213800JMZDORXCMKFW06
|
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 | A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.
GB00B2NDK765
|
b)
| Nature of the transaction | Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 36,597 |
d) | Aggregated information - Aggregated volume - Price |
36,597 GBP Nil
|
e) | Date of the transaction | 2023-06-29
|
f) | Place of the transaction | Outside a trading venue |
From Simon Dodd:
1 | Details of the person discharging managerial responsibilities / person closely associated
| |
a) | Name | Simon Dodd
|
2 | Reason for the notification
| |
a) | Position/status | This notification concerns Simon Dodd in his additional capacity as a person closely associated with a person discharging managerial responsibilities. The person discharging managerial responsibilities is Tracy Dodd, the issuer’s People Director. The association arises by virtue of Simon Dodd being the spouse of Mrs. Dodd. |
b) | Initial notification / Amendment | Initial notification
|
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Young & Co.’s Brewery, P.L.C. |
b) | LEI | 213800JMZDORXCMKFW06
|
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 | A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.
GB00B2NDK765
|
b)
| Nature of the transaction | Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 36,597 |
d) | Aggregated information - Aggregated volume - Price |
36,597 GBP Nil |
e) | Date of the transaction | 2023-06-29
|
f) | Place of the transaction | Outside a trading venue |
From Mike Owen:
1 | Details of the person discharging managerial responsibilities / person closely associated
| |
a) | Name | Mike Owen
|
2 | Reason for the notification
| |
a) | Position/status | Chief Financial Officer
|
b) | Initial notification / Amendment | Initial notification
|
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Young & Co.’s Brewery, P.L.C.
|
b) | LEI | 213800JMZDORXCMKFW06
|
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 | A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.
GB00B2NDK765
|
b)
| Nature of the transaction | Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 26,090 |
d) | Aggregated information - Aggregated volume - Price |
26,090 GBP Nil
|
e) | Date of the transaction | 2023-06-29
|
f) | Place of the transaction | Outside a trading venue |
From Tracy Dodd:
1 | Details of the person discharging managerial responsibilities / person closely associated
| |
a) | Name | Tracy Dodd
|
2 | Reason for the notification
| |
a) | Position/status | People Director
|
b) | Initial notification / Amendment | Initial notification
|
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Young & Co.’s Brewery, P.L.C. |
b) | LEI | 213800JMZDORXCMKFW06
|
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 | A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.
GB00B2NDK765
|
b)
| Nature of the transaction | Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 14,116 |
d) | Aggregated information - Aggregated volume - Price |
14,116 GBP Nil
|
e) | Date of the transaction | 2023-06-29
|
f) | Place of the transaction | Outside a trading venue |
From Tracy Dodd:
1 | Details of the person discharging managerial responsibilities / person closely associated
| |
a) | Name | Tracy Dodd
|
2 | Reason for the notification
| |
a) | Position/status | This notification concerns Tracy Dodd in her additional capacity as a person closely associated with a person discharging managerial responsibilities. The person discharging managerial responsibilities is Simon Dodd, the issuer’s Chief Operating Officer. The association arises by virtue of Tracy Dodd being the spouse of Mr. Dodd. |
b) | Initial notification / Amendment | Initial notification
|
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Young & Co.’s Brewery, P.L.C. |
b) | LEI | 213800JMZDORXCMKFW06
|
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 | A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.
GB00B2NDK765
|
b)
| Nature of the transaction | Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 14,116 |
d) | Aggregated information - Aggregated volume - Price |
14,116 GBP Nil
|
e) | Date of the transaction | 2023-06-29
|
f) | Place of the transaction | Outside a trading venue |
From Mark Loughborough:
1 | Details of the person discharging managerial responsibilities / person closely associated
| |
a) | Name | Mark Loughborough
|
2 | Reason for the notification
| |
a) | Position/status | Retail Director
|
b) | Initial notification / Amendment | Initial notification
|
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Young & Co.’s Brewery, P.L.C.
|
b) | LEI | 213800JMZDORXCMKFW06
|
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 | A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.
GB00B2NDK765
|
b)
| Nature of the transaction | Grant of an LTIP award under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 14,116 |
d) | Aggregated information - Aggregated volume - Price |
14,116 GBP Nil
|
e) | Date of the transaction | 2023-06-29
|
f) | Place of the transaction | Outside a trading venue |
Chris Taylor
Company Secretary
30 June 2023
Tel: 020 8875 7000
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