RNS Number : 3585K
ContourGlobal PLC
20 December 2022
 

ContourGlobal plc

("ContourGlobal" or "the Company")

Notification of transactions by persons discharging managerial responsibilities or persons closely associated with them in accordance with the Market Abuse Regulations.

In connection with the recommended cash acquisition by Cretaceous Bidco Limited of the entire issued and to be issued ordinary share capital of ContourGlobal, on 16 December 2022 (or 20 December 2022 in respect of Joseph C. Brandt's deferred bonus award), the performance share awards granted for the grant periods 2020 to 2023, for 2021 to 2024, and for 2022 to 2025 granted on 11 August 2020, 17 May 2021 and 11 August 2022 respectively under the Company's Long Term Incentive Plan (the 'Plan'), and the deferred bonus awards granted under the Plan, vested over such number of shares in the Company as set out in the table below. Stefan Schellinger also exercised vested performance share awards granted on 17 June 2019 on the same date.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Joseph C. Brandt

2

Reason for Notification

a)

Position/status

President and Chief Executive Officer

b)

Initial notification/Amendment

Initial Announcement

3

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

a)

Name

ContourGlobal plc

b)

LEI

5493002I3A4J5TFOR115

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

Ordinary Shares of 1 pence each in ContourGlobal plc

 


Identification code

GB00BF448H58

b)

Nature of the transaction

Vesting of Performance Share Awards under the ContourGlobal plc Long Term Incentive Plan.

 

 

 

c)

Price(s) and volume(s)

Performance Share Award Grant Date 

Price(s)

Volume(s)

11/08/2020

Nil

431,291

17/05/2021

Nil

396,887

11/08/2022

Nil

132,995

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

961,173

Nil

e)

Date of the transaction

2022 12 16

f)

Place of the transaction

Outside a trading venue (XOFF)

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Joseph C. Brandt

2

Reason for Notification

a)

Position/status

President and Chief Executive Officer

b)

Initial notification/Amendment

Initial Announcement

3

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

a)

Name

ContourGlobal plc

b)

LEI

5493002I3A4J5TFOR115

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

Ordinary Shares of 1 pence each in ContourGlobal plc

 


Identification code

GB00BF448H58

b)

Nature of the transaction

Vesting of a deferred bonus award under the ContourGlobal plc Long Term Incentive Plan. 

 

c)

Price(s) and volume(s)

Deferred Bonus Award Grant Date 

Price(s)

Volume(s)

17/05/2021

Nil

175,126

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

175,126

Nil

e)

Date of the transaction

2022 12 20

f)

Place of the transaction

Outside a trading venue (XOFF)

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stefan Schellinger

2

Reason for Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial Announcement

3

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

a)

Name

ContourGlobal plc

b)

LEI

5493002I3A4J5TFOR115

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

Ordinary Shares of 1 pence each in ContourGlobal plc

 


Identification code

GB00BF448H58

b)

Nature of the transaction

Vesting and exercise of Performance Share Awards and Deferred Bonus Awards under the ContourGlobal plc Long Term Incentive Plan.

 

c)

Price(s) and volume(s)

Performance Share Award Grant Date 

Price(s)

Volume(s)

17/06/2019

Nil

236,534

11/08/2020

Nil

351,930

17/05/2021

Nil

349,516

11/08/2022

Nil

100,487

Deferred Bonus Award Grant Date 

Price(s)

Volume(s)

11/08/2020

Nil

19,308

17/05/2021

Nil

88,678

11/08/2022

Nil

19,537

 

d)

Aggregated information

-  Aggregated volume

-  Price

 

1,165,990

Nil

e)

Date of the transaction

2022 12 16

f)

Place of the transaction

Outside a trading venue (XOFF)

 

On behalf of LDC Nominees Secretary Limited
Company Secretary

20 December 2022

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