RNS Number : 6487M
Genus PLC
15 September 2023
 

15 September 2023

 

Genus plc

 

Director/PDMR Shareholding

 

Genus plc (LSE: GNS) announces that, further to the vesting on 14 September 2023 of conditional nil-cost options granted in 2020 under the Genus 2019 Performance Share Plan (the 'PSP'), as listed in table A below; and conditional nil-cost options granted in 2020 under the Genus Deferred Share Bonus Plan (the 'DSBP') as listed in table B below, members of the Genus Executive Leadership Team ('GELT') sold ordinary shares in Genus on 14 September 2023 on the London Stock Exchange, to offset income tax and social security liabilities due on the exercises and retained the balance of ordinary shares.

 

Conditional nil-cost options granted under the PSP were subject to relevant performance conditions, measured over a three-year performance period which commenced on 1 July 2020 and ended on 30 June 2023. Following assessment of the performance conditions, the Remuneration Committee determined that the awards would vest at 36% of the original grant and the balance of the awards have lapsed.

 

Genus also announces that, further to the vesting on 14 September 2023 of conditional share awards granted in 2020 and 2022 under the Genus 2019 Performance Share Plan (the 'PSP'), as listed in table C below, Matt Culbertson, a member of the Genus Executive Leadership Team ('GELT') sold ordinary shares in Genus on 14 September 2023 on the London Stock Exchange, to offset income tax and social security liabilities due on the releases and retained the balance of ordinary shares.

 

Conditional share awards were granted to Matt Culbertson under the PSP prior to him becoming a member of GELT.  These conditional share awards were not subject to company performance conditions.

 

The below notifications, made in accordance with Article 19 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, give further detail on the number of nil-cost options exercised and ordinary shares sold on 14 September 2023.

 

For further information please contact:

 

Genus:

Cara Guedeney, Deputy Company Secretary                                      Tel: +44 (0)1256 347100

 

 

 

Table A - GELT 2019 Performance Share Plan Exercise

1.   

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

1.    Stephen Wilson

2.    Matt Culbertson

3.    Nate Zwald

4.    Jerry Thompson

5.    Dan Hartley

6.    Angelle Rosata

2.            

Reason for the notification

a.            

Position/status

1.    Executive Director

2.    Chief Operating Officer Genus PIC

3.    Chief Operating Officer Genus ABS Dairy

4.    Chief Operating Officer Genus ABS Beef

5.    Group General Counsel & Company Secretary

6.    Group Human Resources Director

b.            

Initial notification

/Amendment

Initial notification

3.            

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

a.           

Name

Genus plc

b.           

LEI

54930022EOITNKSIGH56

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 10p each

 

 

GB0002074580

b.            

Nature of the transaction

Exercise of nil-cost options under the PSP.

c.            

Price(s) and volume(s)

Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.

 

Price(s)

Volume(s)

1.    0p

11,116

2.    0p

1,880

3.    0p

3,908

4.    0p

3,829

5.    0p

3,872

6.    0p

3,663

      

d.            

Aggregated information

·    Aggregated volume

·    Price

 

Price(s)

Volume(s)

1.    0p

11,116

2.    0p

1,880

3.    0p

3,908

4.    0p

3,829

5.    0p

3,872

6.    0p

3,663

Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.

 

 

 

e.            

Date of the transaction

2023-09-14

f.            

Place of the transaction

Outside a trading venue.

5.            

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 10p each

 

 

GB0002074580

b.

Nature of the transaction

Sale of shares arising from the exercise of nil-cost options under the PSP to offset income tax and social security liabilities due on the exercise.

c.

Price(s) and volume(s)

Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.

 

Price(s)

Volume(s)

1.        2,142.2049p

5,241

2.        2,148.7598p

666

3.        2,146.7835p

1,968

4.        2,159.2511p

2,019

5.        2,143.1358p

1,826

6.        2,140.0000p

1,711

      

d.

Aggregated information

·    Aggregated volume

·    Price

 

Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.

 

Price(s)

Volume(s)

1.        2,142.2049p

5,241

2.        2,148.7598p

666

3.        2,146.7835p

1,968

4.        2,159.2511p

2,019

5.        2,143.1358p

1,826

6.        2,140.0000p

1,711

e.

Date of the transaction

2023-09-14

f.

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

 

Table B - GELT Deferred Share Bonus Plan Exercise

1.   

Details of the person discharging managerial responsibilities / person closely associated

a.

Name

1.    Stephen Wilson

2.    Matt Culbertson

3.    Nate Zwald

4.    Jerry Thompson

5.    Dan Hartley

6.    Angelle Rosata

2.   

Reason for the notification

a.            

Position/status

1.    Executive Director

2.    Chief Operating Officer Genus PIC

3.    Chief Operating Officer Genus ABS Dairy

4.    Chief Operating Officer Genus ABS Beef

5.    Group General Counsel & Company Secretary

6.    Group Human Resources Director

b.            

Initial notification

/Amendment

Initial notification

3.            

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

a.           

Name

Genus plc

b.           

LEI

54930022EOITNKSIGH56

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 10p each

 

 

GB0002074580

b.            

Nature of the transaction

Exercise of nil-cost options under the DSBP.

c.            

Price(s) and volume(s)

Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.

 

Price(s)

Volume(s)

1.    0p

8,079

2.    0p

1,810

3.    0p

1,518

4.    0p

1,511

5.    0p

1,651

6.    0p

1,538

      

d.            

Aggregated information

·    Aggregated volume

·    Price

 

Price(s)

Volume(s)

1.    0p

8,079

2.    0p

1,810

3.    0p

1,518

4.    0p

1,511

5.    0p

1,651

6.    0p

1,538

Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.

 

 

 

 

 

 

 

 

 

e.            

Date of the transaction

2023-09-14

f.            

Place of the transaction

Outside a trading venue.

5.            

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 10p each

 

 

GB0002074580

b.

Nature of the transaction

Sale of shares arising from the exercise of nil-cost options under the DSBP to offset income tax and social security liabilities due on the exercise.

c.

Price(s) and volume(s)

Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.

 

Price(s)

Volume(s)

1.        2,138.1111p

3,809

2.        2,157.7285p

641

3.        2,159.1111p

765

4.        2,154.0176p

797

5.        2,160.6444p

779

6.        2,140.0000p

719

      

d.

Aggregated information

·    Aggregated volume

·    Price

 

Numbers 1 to 6 in the left-hand column correspond to the relevant PDMR as detailed in boxes 1a and 2a above.

 

Price(s)

Volume(s)

1.        2,138.1111p

3,809

2.        2,157.7285p

641

3.        2,159.1111p

765

4.        2,154.0176p

797

5.        2,160.6444p

779

6.        2,140.0000p

719

e.

Date of the transaction

2023-09-14

f.

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

 

Table C - GELT 2019 Performance Share Plan Release

1.   

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

Matt Culbertson

2.   

Reason for the notification

b.             

Position/status

Chief Operating Officer Genus PIC

c.             

Initial notification

/Amendment

Initial notification

3.   

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

d.            

Name

Genus plc

e.            

LEI

54930022EOITNKSIGH56

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

f.             

Description of the

Financial instrument, type of instrument

Identification code

Ordinary shares of 10p each

 

 

GB0002074580

g.             

Nature of the transaction

Release of conditional share awards under the PSP.

h.             

Price(s) and volume(s)

 

Price(s)

Volume(s)

0p

2,238

0p

584

      

i.             

Aggregated information

·    Aggregated volume

·    Price

 

Price(s)

Volume(s)

0p

2,238

0p

584

j.             

Date of the transaction

2023-09-14

k.             

Place of the transaction

Outside a trading venue.

5.   

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 10p each

 

 

GB0002074580

b.

Nature of the transaction

Sale of shares arising from the release of conditional share awards under the PSP to offset income tax and social security liabilities due on the release.

c.

Price(s) and volume(s)

 

Price(s)

Volume(s)

2,120.3822p

793

2,120.3822p

208

      

d.

Aggregated information

·    Aggregated volume

·    Price

 

 

Price(s)

Volume(s)

2,120.3822p

793

2,120.3822p

208

e.

Date of the transaction

2023-09-14

f.

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

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
 
 
DSHUVRURONUKAAR