Britvic plc (BVIC )
06-Dec-2024 / 13:50 GMT/BST
Britvic plc LEI: 635400L3NVMYD4BVCI53 6 December 2024 Britvic plc (the "Company") was notified on 6 December 2024, that the Executive Directors were granted conditional awards to acquire, for no consideration, Shares under the 2015 Britvic Performance Share Plan (“PSP”) and 2023 Deferred Bonus Plan (“DBP”). At the January 2022 AGM the Directors Remuneration policy was agreed introducing bonus deferral for the CEO and CFO (one third of any bonus earned will be delivered in shares which will be deferred for two years). Details of the number of Shares awarded to Executive Directors are detailed below: | Name | Position | Number of Shares awarded | Plan | | Simon Litherland | Executive Director | 139,630 | PSP | | Simon Litherland | Executive Director | 32,382 | DBP | | Rebecca Napier | Executive Director | 65,150 | PSP | | Rebecca Napier | Executive Director | 18,614 | DBP |
The share awards made under the PSP are a conditional right to receive up to the number of Shares stated and will vest to the extent that certain performance criteria are satisfied by the Company over a three-year period from 1 October 2024 to the end of the Company’s financial year in 2027. The performance condition attaching to the 100% of the PSP award of the shares shall be measured on adjusted EPS with threshold vesting at 79.5p, at which 20% of that element of the award shall vest, increasing on a straight-line basis to 91.4p at which 100% of the award shall vest. The share awards made under the DBP are a conditional right to receive the number of Shares stated and will vest on 6 December 2026. Notes The Company’s ordinary shares of 20 pence per share (“Shares”) The attached notifications, made in accordance with the UK Market Abuse Regulation, provide further information. Mollie Stoker Company Secretary | Details of the person discharging managerial responsibilities/person closely associated | | (a) | Name | SIMON LITHERLAND | | Reason for the notification | | (a) | Position/status | CHIEF EXECUTIVE OFFICER, EXECUTIVE DIRECTOR | | (b) | Initial notification/Amendment | INITIAL NOTIFICATION | | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | (a) | Name | | | (b) | LEI | 635400L3NVMYD4BVCI53 | | 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 20 PENCE EACH ISIN: GB00B0N8QD54 |
| | (b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | | (c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 139,630 | | (d) | Aggregated information Aggregated volume Price | 139,630 £0 | | | (e) | Date and time of the transaction | 2024/12/06 | | (f) | Place of the transaction | Outside a trading venue |
| Details of the person discharging managerial responsibilities/person closely associated | | (a) | Name | SIMON LITHERLAND | | Reason for the notification | | (a) | Position/status | CHIEF EXECUTIVE OFFICER, EXECUTIVE DIRECTOR | | (b) | Initial notification/Amendment | INITIAL NOTIFICATION | | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | (a) | Name | | | (b) | LEI | 635400L3NVMYD4BVCI53 | | 3. 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 20 PENCE EACH ISIN: GB00B0N8QD54 |
| | (b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2023 DEFERRED BONUS PLAN | | (c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 32,382 | | (d) | Aggregated information Aggregated volume Price | 32,382 £0 | | | (e) | Date and time of the transaction | 2024/12/06 | | (f) | Place of the transaction | Outside a trading venue |
| Details of the person discharging managerial responsibilities/person closely associated | | (a) | Name | REBECCA NAPIER | | Reason for the notification | | (a) | Position/status | CHIEF FINANCIAL OFFICER, EXECUTIVE DIRECTOR | | (b) | Initial notification/Amendment | INITIAL NOTIFICATION | | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | (a) | Name | | | (b) | LEI | 635400L3NVMYD4BVCI53 | | 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 20 PENCE EACH ISIN: GB00B0N8QD54 |
| | (b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2015 BRITVIC PERFORMANCE SHARE PLAN (PSP) | | (c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 65,150 | | (d) | Aggregated information Aggregated volume Price | 65,150 £0 | | | (e) | Date and time of the transaction | 2024/12/06 | | (f) | Place of the transaction | Outside a trading venue |
| Details of the person discharging managerial responsibilities/person closely associated | | (a) | Name | REBECCA NAPIER | | Reason for the notification | | (a) | Position/status | CHIEF FINANCIAL OFFICER, EXECUTIVE DIRECTOR | | (b) | Initial notification/Amendment | INITIAL NOTIFICATION | | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | | (a) | Name | | | (b) | LEI | 635400L3NVMYD4BVCI53 | | 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 20 PENCE EACH ISIN: GB00B0N8QD54 |
| | (b) | Nature of the transaction | GRANT OF AWARDS MADE UNDER THE 2023 DEFERRED BONUS PLAN | | (c) | Price(s) and volume(s) | Price(s) £0 | Volume(s) 18,614 | | (d) | Aggregated information Aggregated volume Price | 18,614 £0 | | | (e) | Date and time of the transaction | 2024/12/06 | | (f) | Place of the transaction | Outside a trading venue |
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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