M.P. EVANS GROUP PLC
("Company" or "M.P. Evans")
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
GRANT OF SHARE OPTION
On 16 January 2023, the Company granted a nil-cost option under the M.P. Evans Group PLC Long Term Incentive Scheme to Mr Matthew Coulson, the chief executive, over 18,000 shares of 10p each in the Company ("Option").
This Option will normally vest and become exercisable on 16 January 2026, subject to continued employment. The Option is also subject to satisfaction of an 'underpin condition' linked to the general financial performance of the Company and adherence to the Company's core strategic pillars (Responsibility, Excellence, Growth, and Yield).
Any shares resulting from exercise of the Option (after any sales to fund tax liabilities) will also be subject to two-year holding period ending 16 January 2028.
The information set out below is provided in accordance with the requirements of Article 19(3) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse, as it forms part of
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1 |
Details of the persons discharging managerial responsibilities / person closely associated |
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a) |
Name |
Matthew Coulson |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief executive |
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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 |
M.P. Evans Group PLC |
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b) |
LEI |
2138003IBXJUCR4SZG26 |
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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 |
Shares of 10p per share in the capital of M.P. Evans Group PLC (10p shares) |
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Identification code |
ISIN: GB0007538100 |
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b) |
Nature of the transaction |
Grant of an Option over 10p shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: - Aggregated volume - Price |
Aggregated volume: N/A Price: N/A |
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e) |
Date of the transaction |
16 January 2023 |
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f) |
Place of the transaction |
Outside a trading venue |
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Enquiries:
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M.P. Evans Group PLC |
+44 (0)1892 516333 |
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Peter Hadsley-Chaplin |
Executive chairman |
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Katya Merrick |
Company secretary |
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Peel Hunt LLP (Nomad and joint broker) |
+44 (0)20 7418 8900 |
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Dan Webster, Andrew Clark, Lalit Bose |
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finnCap (Joint broker) |
+44 (0)20 7220 0500 |
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Tim Redfern, Harriet Ward |
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Hudson Sandler (Financial PR) |
+44 (0)20 7796 4133 |
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Charlie Jack, Francis Kerrigan, Amelia Craddock |
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