Director/PDMR Shareholding

·8 min read

LONDON, June 29, 2022--(BUSINESS WIRE)--

Young & Co.’s Brewery, P.L.C. (the "Company")

Notifications by PDMRs and persons closely associated with PDMRs

Circumstances giving rise to the notifications

Today, 29 June 2022, the Company announces that awards were granted under the Company’s Long Term Incentive Plan (‘LTIP’) as set out below:

PDMR

Number of shares subject to awards1

Vesting Date

Patrick Dardis

39,2412,4

29 June 2025

Mike Owen

25,5482

29 June 2025

Simon Dodd

15,1273

29 June 2025

Tracy Dodd

13,8233

29 June 2025

Notes

1 The awards are in the form of a nil-cost option and no monetary consideration was paid for the awards. The awards are subject to the satisfaction of performance conditions. The remuneration committee has decided that the awards will be based on the following performance conditions:

- two-thirds on the extent to which the Company’s adjusted earnings per share in respect of the financial year ended on or around 31 March 2025 exceed the same measure for the financial period ended 28 March 2022; and

- one-third on total shareholder return relative to a comparator group of the Company’s peers.

The remuneration committee believes that the selection of the above performance conditions will ensure that the vesting outcome is fully aligned with the shareholder experience. Further information about the plan is provided on pages 74 and 138 of the Company’s 2022 Annual Report.

2 This award is equivalent to 100% of base salary. The award will vest and become exercisable subject to continued employment with the Company and the extent to which performance conditions are met.

3 This award is equivalent to 75% of base salary. The award will vest and become exercisable subject to continued employment with the Company and the extent to which performance conditions are met.

4 This award will be pro-rated for time served to 31 March 2023.

Notifications

In connection with the above, the Company today received the following notifications:

From Patrick Dardis:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Patrick Dardis

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification / Amendment

Initial notification

3

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

a)

Name

Young & Co.’s Brewery, P.L.C.

b)

LEI

213800JMZDORXCMKFW06

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

A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.

GB00B2NDK765

b)

Nature of the transaction

Grant of LTIP awards under the Young’s Long Term Incentive Plan at nil cost.

c)

Price(s) and volume(s)

Price(s) Volume(s)

Nil 39,241

d)

Aggregated information

- Aggregated volume

- Price

39,241

GBP Nil

e)

Date of the transaction

2022-06-29

f)

Place of the transaction

Outside a trading venue

From Mike Owen:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mike Owen

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification / Amendment

Initial notification

3

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

a)

Name

Young & Co.’s Brewery, P.L.C.

b)

LEI

213800JMZDORXCMKFW06

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

A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.

GB00B2NDK765

b)

Nature of the transaction

Grant of LTIP awards under the Young’s Long Term Incentive Plan at nil cost.

c)

Price(s) and volume(s)

Price(s) Volume(s)

Nil 25,548

d)

Aggregated information

- Aggregated volume

- Price

25,548

GBP Nil

e)

Date of the transaction

2022-06-29

f)

Place of the transaction

Outside a trading venue

From Simon Dodd:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Dodd

2

Reason for the notification

a)

Position/status

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

Young & Co.’s Brewery, P.L.C.

b)

LEI

213800JMZDORXCMKFW06

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

A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.

GB00B2NDK765

b)

Nature of the transaction

Grant of LTIP awards under the Young’s Long Term Incentive Plan at nil cost.

c)

Price(s) and volume(s)

Price(s) Volume(s)

Nil 15,127

d)

Aggregated information

- Aggregated volume

- Price

15,127

GBP Nil

e)

Date of the transaction

2022-06-29

f)

Place of the transaction

Outside a trading venue

From Simon Dodd:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Dodd

2

Reason for the notification

a)

Position/status

This notification concerns Simon Dodd in his additional capacity as a person closely associated with a person discharging managerial responsibilities. The person discharging managerial responsibilities is Tracy Dodd, the issuer’s People Director. The association arises by virtue of Simon Dodd being the spouse of Mrs. Dodd.

b)

Initial notification / Amendment

Initial notification

3

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

a)

Name

Young & Co.’s Brewery, P.L.C.

b)

LEI

213800JMZDORXCMKFW06

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

A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.

GB00B2NDK765

b)

Nature of the transaction

Grant of LTIP awards under the Young’s Long Term Incentive Plan at nil cost.

c)

Price(s) and volume(s)

Price(s) Volume(s)

Nil 15,127

d)

Aggregated information

- Aggregated volume

- Price

15,127

GBP Nil

e)

Date of the transaction

2022-06-29

f)

Place of the transaction

Outside a trading venue

From Tracy Dodd:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tracy Dodd

2

Reason for the notification

a)

Position/status

People Director

b)

Initial notification / Amendment

Initial notification

3

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

a)

Name

Young & Co.’s Brewery, P.L.C.

b)

LEI

213800JMZDORXCMKFW06

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

A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.

GB00B2NDK765

b)

Nature of the transaction

Grant of LTIP awards under the Young’s Long Term Incentive Plan at nil cost.

c)

Price(s) and volume(s)

Price(s) Volume(s)

Nil 13,823

d)

Aggregated information

- Aggregated volume

- Price

13,823

GBP Nil

e)

Date of the transaction

2022-06-29

f)

Place of the transaction

Outside a trading venue

From Tracy Dodd:

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tracy Dodd

2

Reason for the notification

a)

Position/status

This notification concerns Tracy Dodd in her additional capacity as a person closely associated with a person discharging managerial responsibilities. The person discharging managerial responsibilities is Simon Dodd, the issuer’s Chief Operating Officer. The association arises by virtue of Tracy Dodd being the spouse of Mr. Dodd.

b)

Initial notification / Amendment

Initial notification

3

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

a)

Name

Young & Co.’s Brewery, P.L.C.

b)

LEI

213800JMZDORXCMKFW06

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

A Ordinary shares of 12.5p each in the capital of Young & Co.’s Brewery, P.L.C.

GB00B2NDK765

b)

Nature of the transaction

Grant of LTIP awards under the Young’s Long Term Incentive Plan at nil cost.

c)

Price(s) and volume(s)

Price(s) Volume(s)

Nil 13,823

d)

Aggregated information

- Aggregated volume

- Price

13,823

GBP Nil

e)

Date of the transaction

2022-06-29

f)

Place of the transaction

Outside a trading venue

Chris Taylor

Company Secretary

29 June 2022

Tel: 020 8875 7000

View source version on businesswire.com: https://www.businesswire.com/news/home/20220629005791/en/

Contacts

Young & Co's Brewery PLC

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