Director/PDMR Shareholding - Replacement

Source: RNS
RNS Number : 1594B
Imperial Brands PLC
20 August 2024
 

The following amendment has been made to the 'Director/PDMR Shareholding' announcement released on 19 August 2024 at 17:09 under RNS No: 9870A.

 

The number of shares vesting on 2 October 2024 was incorrectly shown as 4,622. The correct number of shares vesting on that date is 4,816. The total number granted under the Recruitment Award is therefore 56,410 shares, not 56,216 shares as shown.

 

All other details remain unchanged. The full amended text is shown below.

 

 

19 August 2024

 

 

IMPERIAL BRANDS PLC

 (THE "COMPANY")

 

Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

Recruitment Award

 

On 15 August 2024, the Company's new President, Africa, Asia, Australasia, and Central & Eastern Europe (AAACE) Region, Priyali Kamath, was granted a nil-cost conditional award (the "Recruitment Award") over ordinary shares of 10 pence each in the Company ("Shares"). The Recruitment Award has been granted over 56,410 shares.

 

The Recruitment Award has been granted in order to facilitate Priyali's recruitment, and to replace certain share awards granted to her by her former employer and which she forfeited on joining the Company.

 

In order to replicate the terms of Priyali's forfeited awards, the Recruitment Award is split into tranches, as follows:

 

Number of Shares

Expected Vesting Date

5,539

13 September 2024

5,583

15 September 2025

1,180

15 September 2026

3,821

15 September 2027

9,760

1 October 2024

10,648

1 October 2025

4,156

1 October 2026

8,018

1 October 2027

4,816

2 October 2024*

2,185

2 October 2025*

704

2 October 2026*

 

* Dividend Equivalents accrue on these awards.

 

 

The vesting of the Recruitment Award (and each tranche thereof) is subject to Priyali's continued service with the Company.

 

 


 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

PRIYALI KAMATH

2.

Reason for the notification

a)

Position/status

PDMR - PRESIDENT, AFRICA, ASIA, AUSTRALASIA, AND CENTRAL & EASTERN EUROPE (AAACE) REGION

b)

Initial notification/ Amendment

INITIAL NOTIFICATION

3.

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

a)

Name

IMPERIAL BRANDS PLC

b)

LEI

549300DFVPOB67JL3A42

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

ORDINARY SHARES

 

 

Identification code

GB0004544929

b)

Nature of the transaction

GRANT OF LTIP AWARDS, VESTING IN 11 TRANCHES BETWEEN 2024 AND 2027.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

56,410

d)

Aggregated information 

Aggregate Price

Aggregate Volume

Nil

56,410

e)

Date of the transaction

15 August 2024

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

 

 

Grant of Long Term Incentive Plan Awards

 

Also on 15 August 2024, the Company made the following grant of awards under the Imperial Brands Long Term Incentive Plan (the "LTIP") to PDMRs:

 

PDMR

No. of shares under LTIP award granted (the "LTIP GRANT")

Deborah Binks-Moore

35,232

Priyali Kamath

31,878

 

Further to its 2023 Annual Report and Accounts, the Company confirms that the performance measures and targets (which should not be construed as guidance) in respect of the Imperial Brands LTIP Grant made on 15 August 2024 are:

 


Weight

Cut-in

Target

Max

EPS Growth

40%

3.9%

4.8%

5.8%

ROIC

15%

19.1%

21.1%

21.9%

CFCF (£m)

15%

5,900

6,700

7,500

Relative TSR

20%

Median

N/A

Upper quart.

Scope 1 & 2 carbon emissions

5%

70.0%

72.0%

75.0%

Energy consumption

5%

4.5%

6.0%

7.5%

 

Each element operates independently and is capable of vesting regardless of the Company's performance in respect of the other elements. The Remuneration Committee retains the discretion under the rules of the LTIP to adjust up or down including to zero the number of shares that vest taking into account a number of factors including personal or corporate performance and circumstances that were unforeseen at the date of grant.

 

Details of individual awards are provided below:

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

DEBORAH BINKS-MOORE

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR - CHIEF CORPORATE AFFAIRS OFFICER

b)

 

Initial notification /Amendment

 

INITIAL NOTIFICATION

3

 

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

a)

 

Name

 

IMPERIAL BRANDS PLC

b)

 

LEI

 

549300DFVPOB67JL3A42

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

 

GB0004544929

b)

 

Nature of the transaction

 

AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Price(s)

 

Volume(s)

 

NOT APPLICABLE

 

35,232

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

35,232

 

NOT APPLICABLE

 

e)

 

Date of the transaction

 

15 AUGUST 2024

f)

 

Place of the transaction

 

OUTSIDE A TRADING VENUE

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

PRIYALI KAMATH

2

 

Reason for the notification

 

a)

 

Position/status

 

PDMR - PRESIDENT, AFRICA, ASIA, AUSTRALASIA, AND CENTRAL & EASTERN EUROPE (AAACE) REGION

b)

 

Initial notification /Amendment

 

INITIAL NOTIFICATION

3

 

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

a)

 

Name

 

IMPERIAL BRANDS PLC

b)

 

LEI

 

549300DFVPOB67JL3A42

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

 

GB0004544929

b)

 

Nature of the transaction

 

AWARD GRANTED UNDER LONG TERM INCENTIVE PLAN

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Price(s)

 

Volume(s)

 

NOT APPLICABLE

 

31,878

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

31,878

 

NOT APPLICABLE

 

e)

 

Date of the transaction

 

15 AUGUST 2024

f)

 

Place of the transaction

 

OUTSIDE A TRADING VENUE

 

 

Chris Winters

Deputy Company Secretary

 

Copies of our announcements are available on our website: 

https://www.imperialbrandsplc.com/creating-shareholder-value/stock-exchange-announcements

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHEAKPEAAXLEFA