McColl's Retail Group plc (the "Company")
Grant of Long Term Incentive Plan Awards
Notification of Transactions by Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs")
The Company announces the grant of awards on 23 September 2021 to the following Directors and PDMRs of the Company in accordance with the rules of the McColl's Retail Group plc Long Term Incentive Plan (the "LTIP Awards").
| Director / PDMR | Number of ordinary shares of £0.001 each ("Shares") over which LTIP Awards were granted | Call Price per share |
| Jonathan Miller | 751,400 | £0.001 |
| Richard Crampton | 558,333 | £0.001 |
| Giles David | 541,667 | £0.001 |
| Karen Bird (McEwan) | 541,667 | £0.001 |
Awards will vest based on three-year relative Total Shareholder Return ("TSR") measured from the date of grant and a Grocery mix target measured in the final financial year (2022/23) of the three years starting with the current financial year. Grocery mix will be based on the portion of grocery and alcohol sales as a percentage of total sales.
In addition, the Remuneration Committee must be satisfied that the formulaic vesting outcome of the LTIP Awards when applying the TSR and Grocery mix targets is a genuine reflection of the underlying performance of the business and the Committee has full discretion to adjust the vesting outcomes to ensure that the final outturns reflect all relevant factors.
The awards are to be satisfied by newly issued shares.
A two year post vesting holding period will also apply to the above awards.
| For further information contact:
|
| Rachel Peat, Company Secretary |
| McColl's Retail Group plc |
About McColl's Retail Group
McColl's is a leading neighbourhood retailer, with an estate of over 1,200 managed convenience stores and newsagents. We operate McColl's and Morrisons Daily branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl.
LEI: 213800R1TLR536P8YJ67
The information set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | 1. Jonathan Miller 2. Richard Crampton 3. Giles David 4. Karen Bird (McEwan) | |
| 2 | Reason for the notification | ||
| a) | Position/status
| 1. PDMR, Chief Executive 2. PDMR, Chief Commercial Officer 3. PDMR, Chief Financial Officer 4. PDMR, 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
| McColl's Retail Group plc | |
| b)
| LEI
| 213800R1TLR536P8YJ67 | |
| 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 0.1 pence each
ISIN: GB00BJ3VW957 | |
| b)
| Nature of the transaction
| Awards made pursuant to the McColl's Retail Group plc Long Term Incentive Plan | |
| c)
| Price(s) and volume(s)
| Call Price(s)
| Volume(s) |
| 1. £0.001 per Ordinary Share 2. £0.001 per Ordinary Share 3. £0.001 per Ordinary Share 4. £0.001 per Ordinary Share | 1. 751,400 2. 558,333 3. 541,667 4. 541,667 | ||
| d)
| Aggregated information
- Aggregated volume
- Price
|
1. 751,400 2. 558,333 3. 541,667 4. 541,667
n/a | |
| e)
| Date of the transaction
| 1. 23 September 2021 2. 23 September 2021 3. 23 September 2021 4. 23 September 2021
| |
| f)
| Place of the transaction
| Outside a trading venue | |
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