Centamin PLC Announces Director/PDMR Shareholding
Rhea-AI Summary
Centamin PLC announced that 31.29% of the 2021 share awards under the Company's Remuneration Policy and Performance Share Plan have vested. The awards are for ordinary shares of nil par value and carry the right to dividend equivalents. Directors will hold vested shares for two years. Disposals are to cover tax liabilities. The company's long term incentive plans and performance conditions can be found in the 2023 Annual Report and Accounts.
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PERTH, AUSTRALIA / ACCESSWIRE / May 1, 2024 / Centamin announces that the 2021 share awards under the Company's shareholder approved Remuneration Policy and Performance Share Plan ("PSP") have partially (
The share awards are for ordinary shares of nil par value in the Company. As per the PSP, awards carry the right to dividend equivalents on the shares that vested.
For more details on the Company's long term incentive plans, including performance conditions of the PSP, please refer to the Remuneration Report within the 2023 Annual Report and Accounts, available on the Company's website https://www.centamin.com/annual-report-2023/.
DIRECTOR/PDMR NOTIFICATIONS
In accordance with the requirements of Article 19 of the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018), the Company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
All vested shares (net of tax) will be held by the Directors for a further two-year period and these shares will be retained towards the Company's in-employment and post-employment share ownership guidelines detailed in the 2023 Remuneration Report. Disposals referred to in this announcement are to cover tax liabilities on the vested share awards.
This announcement contains ongoing regulated information.
FOR MORE INFORMATION please visit the website www.centamin.com or contact:
Centamin plc Michael Stoner, Head of Corporate | FTI Consulting Ben Brewerton / Sara Powell / Nick Hennis +442037271000 |
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 | Martin Horgan | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Director - Chief Executive Officer | |||||
| b) | Initial notification/Amendment | Initial notification | |||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
| a) | Name | Centamin plc | |||||
| b) | LEI | LEI 213800PDI9G7OUKLPV84 | |||||
| 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 ISIN JE00B5TT1872 | |||||
| b) | Nature of the transaction | Vested share awards that were granted on 30 April 2021 under the terms of the Company's Performance Share Plan | |||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||||
| Nil | 203,385 | ||||||
| d) | Aggregated information
| 203,385 CEY shares Nil | |||||
| e) | Date of the transaction | 2024-04-30 | |||||
| f) | Place of the transaction | Outside a trading venue | |||||
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 | Martin Horgan | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Director - Chief Executive Officer | |||||
| b) | Initial notification/Amendment | Initial notification | |||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
| a) | Name | Centamin plc | |||||
| b) | LEI | LEI 213800PDI9G7OUKLPV84 | |||||
| 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 ISIN JE00B5TT1872 | |||||
| b) | Nature of the transaction | Disposal | |||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||||
| £1.2253 | 95,783 | ||||||
| d) | Aggregated information
| 95,783 CEY shares £1.2253 | |||||
| e) | Date of the transaction | 2024-04-30 | |||||
| f) | Place of the transaction | London Stock Exchange | |||||
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 | Ross Jerrard | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Director - Chief Financial Officer | |||||
| b) | Initial notification/Amendment | Initial notification | |||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
| a) | Name | Centamin plc | |||||
| b) | LEI | LEI 213800PDI9G7OUKLPV84 | |||||
| 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 ISIN JE00B5TT1872 | |||||
| b) | Nature of the transaction | Vested share awards that were granted on 30 April 2021 under the terms of the Company's Performance Share Plan | |||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||||
| Nil | 178,353 | ||||||
| d) | Aggregated information
| 178,353 CEY shares Nil | |||||
| e) | Date of the transaction | 2024-04-30 | |||||
| f) | Place of the transaction | Outside a trading venue | |||||
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 | Amr Hassouna | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | PDMR - Country Manager (Egypt) | |||||
| b) | Initial notification/Amendment | Initial notification | |||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
| a) | Name | Centamin plc | |||||
| b) | LEI | LEI 213800PDI9G7OUKLPV84 | |||||
| 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 ISIN JE00B5TT1872 | |||||
| b) | Nature of the transaction | Vested share awards that were granted on 30 April 2021 under the terms of the Company's Performance Share Plan | |||||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||||
| Nil | 37,548 | ||||||
| d) | Aggregated information
| 37,548 CEY shares Nil | |||||
| e) | Date of the transaction | 2024-04-30 | |||||
| f) | Place of the transaction | Outside a trading venue | |||||
-END-
LEI: 213800PDI9G7OUKLPV84
Company No: 109180
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SOURCE: Centamin PLC
View the original press release on accesswire.com
FAQ
What percentage of the 2021 share awards have vested for Centamin PLC?
What type of shares are the awards for under the Performance Share Plan?
Where can more details on the long term incentive plans of Centamin PLC be found?
What is the purpose of the disposals mentioned in the announcement?
How long will the Directors hold the vested shares?
