Calisen plc (the "Company")
NOTIFICATION OF TRANSACTIONS OF
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
26 June 2020
The Company was informed that on 25 June 2020, the following directors were granted contingent share awards in respect of ordinary shares in the Company, under the terms of The Calisen plc Performance Share Plan (the "Plan") as follows:
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|
Number of ordinary shares over which an award was granted |
|
Bert Pijls |
458,333 |
|
Sean Latus |
218,750 |
The awards have a face value equivalent to 200% of salary for Bert Pijls and 150% of salary for Sean Latus. However, to reflect the fall in the Company's share price since admission the Committee has used the share price at admission of 240p per share to calculate the number of shares over which these awards are made. Performance will be based 50% on Total Shareholder Return ("TSR") relative to the constituents of the FTSE 250 index (excluding investment trusts) and 50% on a Funds From Operations per share growth target (thereby incentivising the delivery of both above market returns to investors and strong performance against a key financial KPI on a long-term sustainable basis). The awards are maximum awards and the degree to which they vest depends on performance targets measured over the three years to 31 December 2022. The awards, which are in respect of new issue shares are due to vest on 25 June 2023. The awards will attract dividend accrual shares and any vested shares which are not sold to pay income tax and national insurance liabilities will be subject to a two year post vesting holding period. Full details of the operation of the Plan are set out in the Annual Report and Accounts available at www.calisen.com.
The following notifications are made in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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(a) Name |
Bert Pijls |
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2 |
Reason for the notification |
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(a) Position/status |
Chief Executive Officer |
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(b) Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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(a) Name |
Calisen plc |
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|
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(b) LEI |
213800RI3193ZQDEA191 |
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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 |
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(a) Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £0.01 each
GB00BKX9C181 |
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(b) Nature of the transaction |
Grant of award under the Company's Performance Share Plan |
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|
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(c) Price(s)and volume(s) |
Price(s) |
Volume(s) |
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Nil |
458,333 |
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(d) Aggregated information · Aggregated volume · Price |
458,333 Nil |
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(e) Date of the transaction |
25 June 2020 |
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(f) Place of the transaction |
Outside a trading venue |
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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|
(a) Name |
Sean Latus |
|
|
2 |
Reason for the notification |
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|
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(a) Position/status |
Chief Financial Officer |
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|
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(b) Initial notification /Amendment |
Initial notification |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
|
(a) Name |
Calisen plc |
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|
|
(b) LEI |
213800RI3193ZQDEA191 |
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|
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 £0.01 each
GB00BKX9C181 |
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|
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(b) Nature of the transaction |
Grant of award under the Company's Performance Share Plan |
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|
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(c) Price(s)and volume(s) |
Price(s) |
Volume(s) |
|
Nil |
218,750 |
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|
|
||
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(d) Aggregated information · Aggregated volume · Price |
218,750 Nil |
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|
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(e) Date of the transaction |
25 June 2020 |
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(f) Place of the transaction |
Outside a trading venue |
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Name of contact and telephone number for queries:
Sarah Blackburn
General Counsel and Company Secretary
Calisen plc
Tel: 0161 220 1900
Investor relations
Adam Key
adam.key@calisen.com
Media enquiries
Finsbury (public relations adviser to Calisen)
Dorothy Burwell / Harry Worthington
+44 7733 294 930 / +44 7818 526 556
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