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Regulatory Story
Company Cobham plc
TIDM COB
Headline Director/PDMR Shareholding
Released 15:33 10-Apr-2019
Number 8102V15

RNS Number : 8102V
Cobham plc
10 April 2019
 

10 April 2019

 

Cobham plc

LEI 213800A41R9NL49E5632

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

 

Cobham plc (the "Company") announces the following transactions of Directors, persons discharging managerial responsibility or connected persons.

 

The following 2019 Long Term Incentive Plan Grants have been made to the following Directors:

 

David Lockwood, Chief Executive Officer

David Mellors, Chief Financial Officer

 

PSP awards made to the CEO and CFO are subject to an additional two year holding period following the end of the performance period. The metrics remain unchanged to previous years at 50% underlying EPS and 50% free cash flow. The targets for underlying EPS in 2021 will be threshold vesting at 16.7% with a target of 8.2 pence and maximum vesting at 100% of 9.0 pence. The free cash flow targets are considered to be commercially sensitive at this stage and will be disclosed at the end of the performance period.

 

1

Name of person discharging managerial responsibilities ('PDMR') / connected person (if applicable):  

 

 

David Lockwood

 

2a

 

Position / status

 

CEO

 

2b

 

Initial notification / amendment

Initial Notification

3a

Details of the Issuer

Cobham plc

 

3b

Legal Entity Identifier

 

 213800A41R9NL49E5632

 

4a

Description of financial instrument

 

Cobham plc Ordinary 2.5p shares


Identification Code

GB00B07KD360

4b

Nature of the transaction

Grant of PSP Performance Award

4c

Price per share                         

113.20 pence


Volume of the transaction

1,243,462

4d

Aggregated Information

Volume: 1,243,462

Price:    £1.1320

Total:    £1,407,600

4e

Date of transaction   

2019 Apr 08                                       

4f

Place of Transaction

London Stock Exchange XLON

 

 

1

Name of person discharging managerial responsibilities ('PDMR') / connected person (if applicable):  

 

 

David Mellors

 

2a

 

Position / status

 

CFO

 

2b

 

Initial notification / amendment

Initial Notification

3a

Details of the Issuer

Cobham plc

 

3b

Legal Entity Identifier

 

 213800A41R9NL49E5632

 

4a

Description of financial instrument

 

Cobham plc Ordinary 2.5p shares


Identification Code

GB00B07KD360

4b

Nature of the transaction

Grant of PSP Performance Award

4c

Price per share                         

113.20 pence


Volume of the transaction

702,826

4d

Aggregated Information

Volume: 702,826

Price:     £1.1320

Total:    £795,600

4e

Date of transaction   

2019 Apr 08                                       

4f

Place of Transaction

London Stock Exchange XLON

 


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