TIDMFUTR

RNS Number : 5910U

Future PLC

25 November 2019

The attached individual notifications made under article 19.1 of the Market Abuse Regulation ("MAR") relate to the issuance of awards under the terms of the Future plc Performance Share Plan ("PSP") and Deferred Annual Bonus Plan ("DABS") to a person discharging managerial responsibilities ("PDMR"). This announcement is made in accordance with article 19.3 of MAR.

The PSP Award will vest three years from the date of grant, at no cost to the participant, in accordance with the rules of the PSP, provided that the participant remains in employment of the Group at the vesting date and subject to performance targets having been met. Vesting of the PSP Award is subject to both EPS and Absolute TSR performance conditions. Further details of the targets will be published shortly in the 2019 Annual Report and Accounts. The number of shares shown below represents the potential maximum if all the performance conditions are achieved in full. Any awards vesting will be subject to a mandatory two-year holding period.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Zillah Byng-Thorne 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                        Future plc 
     --------------------------  --------------------------------------------- 
 b)   LEI                         213800K2581YRLEXV353 
     --------------------------  --------------------------------------------- 
 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,        Ordinary shares of 15p each 
       type of instrument 
                                    GB00BYZN9041 
       Identification code 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Grant of share awards under the PSP. Subject 
                                   to achievement of performance conditions, 
                                   the award will vest on 24 November 2022. 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                    Nil         67,185 
                                               ---------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                    67,185 
       - Price 
                                    Nil 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     25 November 2019 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Penny Ladkin-Brand 
     --------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer 
     --------------------------  --------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                        Future plc 
     --------------------------  --------------------------------------------- 
 b)   LEI                         213800K2581YRLEXV353 
     --------------------------  --------------------------------------------- 
 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,        Ordinary shares of 15p each 
       type of instrument 
                                    GB00BYZN9041 
       Identification code 
     --------------------------  --------------------------------------------- 
 b)   Nature of the transaction   Grant of share awards under the PSP. Subject 
                                   to achievement of performance conditions, 
                                   the award will vest on 24 November 2022. 
     --------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                    Nil         41,337 
                                               ---------- 
     --------------------------  --------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                    41,337 
       - Price 
                                    Nil 
     --------------------------  --------------------------------------------- 
 e)   Date of the transaction     25 November 2019 
     --------------------------  --------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  --------------------------------------------- 
 

The DABS Award represents the deferral of 50% of a PDMR's annual cash bonus into Future plc shares and will vest two years from the date of grant, at no cost to the participant, in accordance with the rules of the DABS.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Zillah Byng-Thorne 
     --------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
     --------------------------  ---------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                        Future plc 
     --------------------------  ---------------------------------------------- 
 b)   LEI                         213800K2581YRLEXV353 
     --------------------------  ---------------------------------------------- 
 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,        Ordinary shares of 15p each 
       type of instrument 
                                    GB00BYZN9041 
       Identification code 
     --------------------------  ---------------------------------------------- 
 b)   Nature of the transaction   Grant of share awards under the DABS. Subject 
                                   to malus and clawback provisions, the award 
                                   will vest on 24 November 2021. 
     --------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                    Nil         25,194 
                                               ---------- 
     --------------------------  ---------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                    25,194 
       - Price 
                                    Nil 
     --------------------------  ---------------------------------------------- 
 e)   Date of the transaction     25 November 2019 
     --------------------------  ---------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Penny Ladkin-Brand 
     --------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer 
     --------------------------  ------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                        Future plc 
     --------------------------  ------------------------------------------- 
 b)   LEI                         213800K2581YRLEXV353 
     --------------------------  ------------------------------------------- 
 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,        Ordinary shares of 15p each 
       type of instrument 
                                    GB00BYZN9041 
       Identification code 
     --------------------------  ------------------------------------------- 
 b)   Nature of the transaction   Grant of share awards under the DABS. 
                                   Subject to malus and clawback provisions, 
                                   the award will vest on 24 November 2021. 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                    Nil         12,155 
                                               ---------- 
     --------------------------  ------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                    12,155 
       - Price 
                                    Nil 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     25 November 2019 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------------- 
 

Tim Maw

Company Secretary

(Responsible for releasing this announcement)

25 November 2019

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.

END

DSHBLBDBRDDBGCU

(END) Dow Jones Newswires

November 25, 2019 11:29 ET (16:29 GMT)

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