Greencore Group PLC Director/PDMR Shareholding (7425Y)

TIDMGNC

RNS Number : 7425Y

Greencore Group PLC

03 December 2014

Notification of Transactions of (1) Persons Discharging Managerial Responsibility and (2) Persons closely associated with Persons Discharging Managerial Responsibility

This form is intended for use by an issuer making a notification required by Rules 7.2 and 7.3 of the Central Bank of Ireland's Market Abuse Rules in relation to a person falling within either of the above categories of individual. These categories are defined in Regulation 12 (8) of the Market Abuse (Directive 2003/6/EC) Regulations 2005 and are detailed as part of this form.

All relevant boxes should be completed in block capital letters.

 
                                           Name of person discharging 
      Name of the Issuer                    managerial responsibilities 
 1     Greencore Group plc            2     Patrick Coveney 
---  ------------------------------  ---  ---------------------------------- 
      State whether notification 
       relates to a person 
       closely associated                  Indicate whether the notification 
       with a person discharging            is in respect of a holding 
       managerial responsibilities          of the person referred 
       named in 2 and identify              to in 2 or 3 above or 
       the connected person                 in respect of a non-beneficial 
       Notification relates                 interest 
       to Director named in                 Holding of Director named 
 3     2                              4     in 2 
---  ------------------------------  ---  ---------------------------------- 
                                           Name of registered shareholder(s) 
                                            and, if more than one, 
      Description of shares                 number of shares or derivatives 
       or derivatives or other              or other financial instruments 
       financial instruments                linked to them, held by 
       linked to them                       each shareholder 
       Ordinary shares of 
 5     GBP0.01 each                   6     Patrick Coveney 
---  ------------------------------  ---  ---------------------------------- 
      State the nature of 
       the transaction 
       Vesting of conditional 
       options under the Greencore 
       Group plc Executive 
       Share Option Scheme                 Number of shares, derivatives 
       - 402,833 options at                 or other financial instruments 
       an option price of                   linked to them acquired 
       EUR2.66 and 125,885                  528,718 shares of which 
       options at an option                 all were immediately disposed 
 7     price of EUR2.86.              8     of. 
---  ------------------------------  ---  ---------------------------------- 
      Number of shares, derivatives        Price per share or derivative 
       or other financial                   or other financial instrument 
       instruments linked                   linked to them or value 
       to them disposed of                  of transaction 
 9     528,718                        10    GBP2.92 
---  ------------------------------  ---  ---------------------------------- 
      Date and place of transaction        Date issuer informed of 
       Jersey and London 28                 transaction 
 11    November 2014                  12    3 December 2014 
---  ------------------------------  ---  ---------------------------------- 
                                           Name of contact and telephone 
                                            number for queries 
      Any additional information            Jolene Gacquin 
 13    N/A                            14    01 605 1040 
---  ------------------------------  ---  ---------------------------------- 
 
        Name and signature of duly designated officer 
        of issuer responsible for making notification 
 
        Conor O'Leary 
 
        Date of notification 3 December 2014 
---  -----------------------------------------------------------------------

Regulation 12(8) of the Market Abuse (Directive 2003/6/EC) Regulations 2005 ('the Regulations') provides that:

"person discharging managerial responsibilities", in relation to an issuer of financial instruments, means a person who is -

   (a)      a member of the administrative, management or supervisory bodies of the issuer, or 
   (b)      a senior executive - 
   (i)       who is not a member of the bodies referred to in paragraph (a) of this definition,

(ii) having regular access to inside information relating, directly or indirectly, to the issuer, and

(iii) having the power to make managerial decisions affecting the future developments and business prospects of the issuer.

"person closely associated", in relation to a person discharging managerial responsibilities within an issuer of financial instruments, means -

   (a)      the spouse of the person discharging managerial responsibilities, 
   (b)      dependent children of the person discharging managerial responsibilities,

(c) other relatives of the person discharging managerial responsibilities, who have shared the same household as that person for at least one year on the date of the transaction concerned,

   (d)      any person - 
   (i)       the managerial responsibilities of which are discharged by a person - 
   (i)       discharging managerial responsibilities within the issuer, or 
   (ii)      referred to in paragraph (a), (b) or (c) of this definition,

(ii) that is directly or indirectly controlled by a person referred to in subparagraph (i) of paragraph (d) of this definition,

(iii) that is set up for the benefit of a person referred to in subparagraph (i) of paragraph (d) of this definition, or

(iv) the economic interests of which are substantially equivalent to those of a person referred to in subparagraph (i) of paragraph (d) of this definition;