Director/PDMR Shareholding
Updated : 16:50
Young & Co.’s Brewery, P.L.C. (the “Company”)
Notifications by PDMRs and persons closely associated with PDMRs
Circumstances giving rise to the notifications
Today, 29 June 2022, the Company announces that awards were granted under the Company’s Long Term Incentive Plan (‘LTIP’) as set out below:
PDMR | Number of shares subject to awards1 | Vesting Date |
Patrick Dardis | 39,2412,4 | 29 June 2025 |
Mike Owen | 25,5482 | 29 June 2025 |
Simon Dodd | 15,1273 | 29 June 2025 |
Tracy Dodd | 13,8233 | 29 June 2025 |
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 extent to which the Company’s adjusted earnings per share in respect of the financial year ended on or around 31 March 2025 exceed the same measure for the financial period ended 28 March 2022; 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 74 and 138 of the Company’s 2022 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.
4 This award will be pro-rated for time served to 31 March 2023.
Notifications
In connection with the above, the Company today received the following notifications:
From Patrick Dardis:
1 | Details of the person discharging managerial responsibilities / person closely associated
| |
a) | Name | Patrick Dardis
|
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 LTIP awards under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 39,241 |
d) | Aggregated information - Aggregated volume - Price |
39,241 GBP Nil
|
e) | Date of the transaction | 2022-06-29
|
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 LTIP awards under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 25,548 |
d) | Aggregated information - Aggregated volume - Price |
25,548 GBP Nil
|
e) | Date of the transaction | 2022-06-29
|
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 | Chief Operating 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 LTIP awards under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 15,127 |
d) | Aggregated information - Aggregated volume - Price |
15,127 GBP Nil
|
e) | Date of the transaction | 2022-06-29
|
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 LTIP awards under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 15,127 |
d) | Aggregated information - Aggregated volume - Price |
15,127 GBP Nil |
e) | Date of the transaction | 2022-06-29
|
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 LTIP awards under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 13,823 |
d) | Aggregated information - Aggregated volume - Price |
13,823 GBP Nil
|
e) | Date of the transaction | 2022-06-29
|
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 LTIP awards under the Young’s Long Term Incentive Plan at nil cost.
|
c)
| Price(s) and volume(s) | Price(s) Volume(s) Nil 13,823 |
d) | Aggregated information - Aggregated volume - Price |
13,823 GBP Nil
|
e) | Date of the transaction | 2022-06-29
|
f) | Place of the transaction | Outside a trading venue |
Chris Taylor
Company Secretary
29 June 2022
Tel: 020 8875 7000
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