PRESS RELEASE

from Fullers Smith & Turner PLC (isin : GB00B1YPC344)

Fuller, Smith & Turner PLC: Director/PDMR Shareholdings

Fuller, Smith & Turner PLC (FSTA)
Fuller, Smith & Turner PLC: Director/PDMR Shareholdings

02-Jul-2024 / 14:17 GMT/BST


 

Fuller, Smith & Turner P.L.C.

 (“the Company”)

 

Director/PDMR Shareholdings

 

This notification is made in accordance with the Market Abuse Regulation.

 

The Company annnounces that on 28 June 2024 the Executive Directors and persons discharging managerial responsibilities (“PDMRs”) detailed below were granted conditional share awards under the Company’s Bonus and Deferred Bonus Plan 2019 (the ”BDBP”) and/or the Company’s Long-Term Incentive Plan 2020 (the “LTIP”).

 

  1. Following publication of the Company’s financial results for FY2024 and determination of the bonus outcome, awards over 40p ’A’ Ordinary Shares under the BDBP were granted to the Executive Directors as set out in the notifications below in respect of any bonus in excess of 75% of salary. The awards will normally vest three years from the date of grant and dividend equivalents will accrue up until the vesting date.

 

The calculation of the awards is based on the five day average price of the middle market quotations ending 27 June 2024 being £6.956 for ‘A’ Ordinary Shares.

 

  1. Awards under the LTIP were granted to Executive Directors and PDMRs as set out in the notifications below.

 

All awards are over a combination of both 40p ‘A’ Ordinary Shares and 4p ‘B’ Ordinary Shares.  The calculation of the awards is based on the five day average price of the middle market quotations ending 27 June 2024, being £6.956 for ‘A’ Ordinary Shares and £0.6956 (notionally) for ‘B’ Ordinary Shares.

 

Vesting of these awards is subject to the fulfilment of certain performance conditions over the three-year period ending FY2027 (as detailed in the 2024 Annual Report and Accounts) and continued employment. All awards granted to Executive Directors are subject to a two-year holding period. Under the Plan rules, the Remuneration Committee has full discretion to ensure that the final outturn reflects all relevant factors, including consideration of any windfall gains.

 

Enquiries:

Rachel Spencer

Company Secretary

020 8996 2073

 

2 July 2024

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Simon Emeny

2.

Reason for the notification

a)

Position/status

Chief Executive

b)

Initial notification/Amendment

Initial Notification

3.

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

a)

Name

Fuller, Smith & Turner P.L.C.

 

b)

LEI

213800C7ACOFMRCQQW76

 

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 40p each

‘B’ Ordinary Shares of 4p each

 

 

‘A’ Ordinary Shares - GB00B1YPC344

‘B’ Ordinary Shares- unlisted

b)

Nature of the transaction

Award made under the Fuller, Smith & Turner P.L.C. Bonus and Deferred Bonus Plan 2019 and under the Fuller, Smith & Turner P.L.C. Long Term Incentive Plan 2020

 

c)

Price(s) and volume(s)

Price

Volume

 

 

‘A’ Ord Shares

Share Price

‘B’ Ord Shares

Share Price

BDBP

18,400

£6.956

-

-

LTIP

83,237

£6.956

208,093

£0.6956

 

d)

Aggregated

 information

As above

Aggregated volume

As above

Price

As above

e)

Date of the transaction

28 June 2024

f)

Place of the transaction

Outside a trading venue

 

 
 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Neil Smith

2.

Reason for the notification

a)

Position/status

Finance Director

 

b)

Initial notification/Amendment

Initial

3.

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

a)

Name

Fuller, Smith & Turner P.L.C.

 

b)

LEI

213800C7ACOFMRCQQW76

 

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 40p each

‘B’ Ordinary Shares of 4p each

 

‘A’ Ordinary Shares - GB00B1YPC344

‘B’ Ordinary Shares- unlisted

 

b)

Nature of the transaction

Award made under the Fuller, Smith & Turner P.L.C. Bonus and Deferred Bonus Plan 2019 and under the Fuller, Smith & Turner P.L.C. Long Term Incentive Plan 2020

c)

Price(s) and volume(s)

Price

Volume

 

 

‘A’ Ord Shares

Share Price

‘B’ Ord Shares

Share Price

BDBP

12,730

£6.956

-

-

LTIP

46,060

£6.956

115,152

£0.6956

 

d)

Aggregated information

 

As above

Aggregated volume

As above

Price

As above

e)

Date of the transaction

28 June 2024

f)

Place of the transaction

Outside a trading venue

 


 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Fred Turner

2.

Reason for the notification

a)

Position/status

Retail Director

 

b)

Initial notification/Amendment

Initial

3.

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

a)

Name

Fuller, Smith & Turner P.L.C.

 

b)

LEI

213800C7ACOFMRCQQW76

 

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 40p each

‘B’ Ordinary Shares of 4p each

 

‘A’ Ordinary Shares - GB00B1YPC344

‘B’ Ordinary Shares- unlisted

 

b)

Nature of the transaction

See all Fullers Smith & Turner PLC news