12 June 2024
James Fisher and Sons plc
Notification of Directors' Interests in Shares
On 10 June 2024, awards over ordinary shares of 25 pence each in James Fisher and Sons plc (the "Company") were made under the James Fisher and Sons 2021 Long Term Incentive Plan, to the following persons discharging managerial responsibilities ("PDMRs"):
| PDMRs | Number of shares held under award |
| Jean Vernet | 324,835 |
| Karen Hayzen-Smith | 179,728 |
No consideration was paid for the grant of the awards which are structured as restricted share awards.
The awards will normally vest on the 10 June 2027 subject to the satisfaction of the performance conditions set by the Remuneration Committee of the Company and as detailed on page 109 of the 2023 Annual Report and Accounts.
In line with the Remuneration Policy approved by shareholders at the 2024 Annual General Meeting, a two-year post-vesting holding period will apply to these awards.
Furthermore, the Remuneration Committee retains the discretion to adjust the awards at vesting to ensure that all relevant factors are taken into account, including the consideration of any windfall gains.
This announcement, including the notification below, is made in accordance with the requirements of the Market Abuse Regulation.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Jean Vernet | ||||
| 2 | Reason for Notification | |||||
| a) | Position/status | 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 | James Fisher and Sons plc | ||||
| b) | LEI | 213800J975E5OYR6S216 | ||||
| 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 25 pence each in James Fisher and Sons plc GB0003395000
| ||||
| b) | Nature of the transaction | Grant of a restricted share award under the James Fisher and Sons 2021 Long Term Incentive Plan. The award will ordinarily vest on 10 June 2027 subject to the achievement of performance conditions. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Aggregated information 324,835 Nil | ||||
| e) | Date of the transaction | 10 June 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Karen Hayzen-Smith | ||||
| 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 | James Fisher and Sons plc | ||||
| b) | LEI | 213800J975E5OYR6S216 | ||||
| 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 25 pence each in James Fisher and Sons plc GB0003395000
| ||||
| b) | Nature of the transaction | Grant of a restricted share award under the James Fisher and Sons 2021 Long Term Incentive Plan. The award will ordinarily vest on 10 June 2027 subject to the achievement of performance conditions. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
179,728 Nil | ||||
| e) | Date of the transaction | 10 June 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
For further information:
| James Fisher and Sons plc | Jean Vernet Karen Hayzen-Smith | Chief Executive Officer Chief Financial Officer | 020 7614 9503 |
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