C&C Group
plc
("C&C" or "the
Group")
Grant of awards under 2024
Long-Term Incentive Plan ("LTIP")
C&C, the vertically integrated
premium branded drinks group and leading drinks distributor to the
UK and Ireland hospitality sectors, announces that on 20 January
2025, and following the approval of the Board's Remuneration
Committee, it granted awards under and subject to the rules of the
Group's 2024 LTIP (the "Awards") to Roger White, appointed to the
Board of C&C as Chief Executive Officer with effect from 20
January 2025, and to Andrew Andrea, the Group's Chief Financial and
Transformation Officer.
The Awards will vest subject to the
satisfaction of a share price performance condition assessed over
the period ending 19 January 2028 as set out in the table below.
Share price growth will be measured between a start price when
Roger White's appointment to the Board was announced and an end
price at the vesting date, in each case with an appropriate
averaging period applied. The Awards will be subject to a holding
period of two years from vesting.
|
Share Price Growth*
|
Extent to which the Performance Condition is
satisfied
|
|
10% or less than 10%
|
0%
|
|
More than 10% but less than
35%
|
Calculated on a straight-line basis
between 0% and 100%.
|
|
35% or more than 35%
|
100%
|
*The detailed performance condition
includes discretion for the Remuneration Committee to take account
of the impact on the share price of exceptional matters outside of
management's control.
Details of the Awards made to Roger
White and Andrew Andrea are provided in the below
tables.
Notification 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
|
Roger
White
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Person
discharging managerial responsibilities (CEO)
|
|
b)
|
Initial Notification Amendment
|
Initial
Notification
|
|
3
|
Details of the issuer, emission allowance
market participant, auction platform, auctioneer or auction
monitor
|
|
a)
|
Name
|
C&C Group
plc
|
|
b)
|
LEI
|
635400LNUHA2LDXXV850
|
|
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 €0.01 each
ISIN:
IE00B010DT83
|
|
b)
|
Nature of the
transaction
|
Grant of Award
under C&C Group plc 2024 LTIP.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
664,168
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
|
|
e)
|
Date of the transaction
|
20 January
2025
|
|
f)
|
Place of the transaction
|
Outside a
trading venue
|
Notification 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
|
Andrew
Andrea
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Person
discharging managerial responsibilities (CFTO)
|
|
b)
|
Initial Notification Amendment
|
Initial
Notification
|
|
3
|
Details of the issuer, emission allowance
market participant, auction platform, auctioneer or auction
monitor
|
|
a)
|
Name
|
C&C Group
plc
|
|
b)
|
LEI
|
635400LNUHA2LDXXV850
|
|
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 €0.01 each
ISIN:
IE00B010DT83
|
|
b)
|
Nature of the
transaction
|
Grant of Award
under C&C Group plc 2024 LTIP.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
299,727
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
|
|
e)
|
Date of the transaction
|
20 January
2025
|
|
f)
|
Place of the transaction
|
Outside a
trading venue
|
ENQUIRIES
C&C Group plc
Email: investor.relations@candcgroup.ie
Investors/Analysts & UK Media:
Instinctif Partners
Justine Warren / Tim Pearson /
Amelia Thorn
Tel: +44 (0)20 7457 2020
Email: candccapmkts@instinctif.com
Irish & Trade Media:
FTI
Consulting
Jonathan Neilan / Paddy Berkery /
Niamh O'Brien
Tel: +353 86 231 4135 / +353 86 602
5988 / +353 87 707 8379
Email: C&CGroup@fticonsulting.com
About C&C Group plc
C&C Group plc is a leading,
vertically integrated premium drinks company which manufactures,
markets and distributes branded beer, cider, wine, spirits, and
soft drinks across the UK and Ireland.
· C&C Group's portfolio of owned/exclusive brands
include Bulmers, the leading Irish cider brand and Tennent's, the
leading Scottish beer brand; as well as a range of fast-growing,
premium and craft ciders and beers, such as Heverlee, Menabrea,
Five Lamps and Orchard Pig. C&C exports its Magners and
Tennent's brands to over 40 countries worldwide.
· C&C Group has owned brand and contract
manufacturing/packing operations in Co.Tipperary, Ireland and
Glasgow, Scotland.
· C&C is the No.1 drinks distributor to the UK and Ireland
hospitality sectors. Operating through the Matthew Clark, Bibendum,
Tennent's and Bulmers Ireland brands, the Group has a market
leading range, scale and reach including an intimate understanding
of the markets it serves. Together this provides a key
route-to-market for major international beverage
companies.
C&C Group plc is an Irish
incorporated FTSE 250 company headquartered in Dublin and is listed
on the London Stock Exchange.
