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Trainline PLC - Director/PDMR Shareholding

RNS Number : 9708N
Trainline PLC
26 May 2020
 

26 May 2020

 

TRAINLINE PLC

(the "Company")

 

Executive Director Performance Share Plan ("PSP") Grant Notification

 

The Company announces that on 22 May 2020 the Executive Directors noted below were granted awards under the Trainline plc Performance Share Plan in the form of Performance Share Units ("PSUs").

 

The PSUs will vest subject to performance conditions based on the Company's earnings per share ("EPS") and relative total shareholder return ("TSR") over a 3 year period ending 28 February 2023. Vesting of up to 200% of salary is based on EPS and TSR relative to the FTSE 250 (excluding investment trusts) weighted 50/50, and up to an additional 50% of salary as a kicker based on exceptional EPS and relative TSR performance. A two-year holding period will apply on vesting, during which vested shares may not be sold save to cover tax liabilities.

 

The Company's Remuneration Committee will ensure that any vesting of the PSP cycle is consistent with the stakeholder experience over the performance period, taking into account perspectives of shareholders, employees and customers, as well as any other factors the Remuneration Committee deem appropriate.

 

PDMR

Number of Shares under PSUs

Clare Gilmartin, Chief Executive Officer

380,185

Shaun McCabe, Chief Financial Officer

264,476

 

The Notification of Dealing Forms for the above grants may be found below. This notification is provided in accordance with the requirements of the EU Market Abuse Regulation.

Enquiries

For investor enquiries, Andrew Gillian           [email protected] 

For media enquiries, Victoria Biggs               [email protected] / +44 7850 205490

 

Enquiries

Simone Selzer                                                  [email protected] / +44 207 404 5959

 

 

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Clare Gilmartin

2

Reason for the notification

a)

Position/status

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

Trainline plc

b)

LEI

213800HO26VXTFJ4MO71

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

 

Ordinary shares of £0.01 each

 

Identification code

GB00BKDTK925

b)

Nature of the transaction

Grant of performance share units over ordinary shares of Trainline plc

c)

Price(s) and volume(s)

Price

Volume

Nil

380,185

d)

Aggregated information
- Aggregated volume
- Price

Price

Aggregated Volume

Nil

380,185

e)

Date of the transaction

22 May 2020

f)

Place of the transaction

Outside a trading venue

Notification of dealing form

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Shaun McCabe

2

Reason for the notification

a)

Position/status

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

Trainline plc

b)

LEI

213800HO26VXTFJ4MO71

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

 

Ordinary shares of £0.01 each

 

Identification code

GB00BKDTK925

b)

Nature of the transaction

Grant of performance share units over ordinary shares of Trainline plc

c)

Price(s) and volume(s)

Price

Volume

Nil

264,476

d)

Aggregated information
- Aggregated volume
- Price

Price

Aggregated Volume

Nil

264,476

e)

Date of the transaction

22 May 2020

f)

Place of the transaction

Outside a trading venue

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Trainline

Price: 418.2

Market: LSE
Market Cap: £2.01 billion
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