Fuller, Smith & Turner P.L.C.

("Fuller's" or "the Company")

 

Director/PDMR Shareholdings

 

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

 

Following the appointment of Neil Smith as Finance Director on 30 November 2021, the Company annnounces that on 13 December 2021, conditional share awards have been granted under the Company's Long-Term Incentive Plan 2020 (the "Plan") to Mr Smith as set out below. This includes a Recovery LTIP Award which, following shareholder approval, has been introduced to incentivise management to deliver a recovery in business performance over the next three years.

 

Both awards are over a combination of both 40p 'A' Ordinary and 4p 'B' Ordinary shares.

 

The calculation of the awards was based on the five day average price of the middle market quotations ending 28 September 2021, being £7.33 for 'A' shares and £0.733 (notionally) for 'B' shares, pro-rated to 30 November 2021. This pricing is consistent with the pricing used for the LTIP awards granted to other Executive Directors and members of the executive management team on 29 September 2021.

 

Vesting of these awards is subject to the fulfilment of certain performance conditions over the three-year period commencing on 28 March 2021 (as detailed in the 2021 Annual Report and Accounts) and continued employment. Additionally, all awards are subject to a two-year post-vesting 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

 

 

Notes to Editors:

Fuller, Smith & Turner P.L.C. is the premium pubs and hotels business that is famous for beautiful and inviting pubs with delicious fresh food, a vibrant and interesting range of drinks, and engaging service from passionate people. Fuller's has 209 managed businesses, with 1,027 boutique bedrooms, and 175 Tenanted Inns. The estate is predominately located in the South of England (44% of sites are within the M25) and stretches from our London heartland to the Jurassic Coast via the New Forest. Our Managed Pubs and Hotels include 15 iconic Ale & Pie pubs, seven stunning hotels in the Cotswolds, and Bel & The Dragon - seven exquisite country inns located in the Home Counties. In summary, Fuller's is the home of great pubs, outstanding hospitality and passionate people, where everyone is welcome and leaves that little bit happier than they arrived.

 

 

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	Neil Smith
2.	Reason for the notification
a)	Position/status	Finance Director
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. Long Term Incentive Plan 2020
c)	Price(s) and volume(s)	Price	Volume
		A Ord Shares Share Price B Ord Shares Share Price Annual LTIP   29,817 £7.33   74,543 £0.733 Recovery LTIP 74,543 £7.33 186,359 £0.733
d)	Aggregated  information	As Above
	Aggregated volume	As above
	Price	As Above
e)	Date of the transaction	13/12/2021
f)	Place of the transaction	Outside a trading venue