22 November
2024
IMPERIAL BRANDS
PLC
(THE
"COMPANY")
Legal Entity Identifier (LEI) No.
549300DFVPOB67JL3A42
Notification and public disclosure of
transactions by persons discharging managerial responsibilities and
persons closely associated with them
Recruitment
Award
On 20 November 2024, the Company's
new General Counsel,
Kevin Massie, was granted a nil-cost
conditional award (the "Recruitment Award") over ordinary
shares of 10 pence each in the Company ("Shares"). The Recruitment Award has
been granted over 4,383 Shares.
The Recruitment Award has been
granted in order to facilitate Kevin's
recruitment, and to replace certain share awards
granted to him by his former employer and which he forfeited on
joining the Company.
In order to replicate the terms
of Kevin's forfeited awards,
the Recruitment Award vests in tranches. The vesting of each
tranche of the Recruitment Award (and any dividend equivalent
shares accruing) is subject to Kevin's
continued service with the Company.
|
|
|
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1.
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Details of the
person discharging managerial responsibilities/ person closely
associated
|
|
a)
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Name
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KEVIN MASSIE
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2.
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Reason for the
notification
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a)
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Position/status
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PDMR - GENERAL COUNSEL
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b)
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Initial notification/ Amendment
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INITIAL NOTIFICATION
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3.
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Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
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a)
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Name
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IMPERIAL BRANDS PLC
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b)
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LEI
|
549300DFVPOB67JL3A42
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|
4.
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; (iv)
each place where transactions have been conducted
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a)
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Description of the financial instrument, type
of instrument
|
ORDINARY SHARES
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Identification code
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GB0004544929
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b)
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Nature of the transaction
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GRANT OF LONG TERM INCENTIVE PLAN
AWARDS, VESTING IN FIVE TRANCHES BETWEEN 2024 AND 2026.
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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NIL
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4,383
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|
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d)
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Aggregated information
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N/A
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e)
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Date of the transaction
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20 NOVEMBER 2024
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f)
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Place of the transaction
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OUTSIDE A TRADING VENUE
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Grant of Long Term Incentive
Plan Award
Also on 20 November 2024,
the Company made the following grant under the Imperial
Brands Long Term Incentive Plan (the "LTIP") to Kevin Massie, a
PDMR, who joined the Company in FY24:
|
PDMR
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No. of Shares under LTIP award granted
(the "LTIP GRANT")
|
|
Kevin Massie
|
24,795
|
Further to its 2023 Annual Report and Accounts,
the Company confirms that the performance measures and targets
(which should not be construed as guidance) in respect of the
Imperial Brands LTIP Grant made on 20 November 2024 are:
|
|
Weight
|
Cut-in
|
Target
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Max
|
|
EPS
Growth
|
40%
|
3.9%
|
4.8%
|
5.8%
|
|
ROIC
|
15%
|
19.1%
|
21.1%
|
21.9%
|
|
CFCF
(£m)
|
15%
|
5,900
|
6,700
|
7,500
|
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Relative
TSR
|
20%
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Median
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N/A
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Upper
quart.
|
|
Scope 1 &
2 carbon emissions
|
5%
|
70.0%
|
72.0%
|
75.0%
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Energy
consumption
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5%
|
4.5%
|
6.0%
|
7.5%
|
Each element operates independently and is
capable of vesting regardless of the Company's performance in
respect of the other elements. The Remuneration Committee retains
the discretion under the rules of the LTIP to adjust up or down
including to zero the number of shares that vest taking into
account a number of factors including personal or corporate
performance and circumstances that were unforeseen at the date of
grant.
Details of the individual award are provided
below:
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
|
KEVIN MASSIE
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR - GENERAL COUNSEL
|
|
b)
|
Initial notification
/Amendment
|
INITIAL NOTIFICATION
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
IMPERIAL BRANDS PLC
|
|
b)
|
LEI
|
549300DFVPOB67JL3A42
|
|
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
GB0004544929
|
|
b)
|
Nature of the transaction
|
AWARD GRANTED UNDER LONG TERM
INCENTIVE PLAN
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
NIL
|
24,795
|
|
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d)
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Aggregated information
|
NOT APPLICABLE
|
|
e)
|
Date of the transaction
|
20 NOVEMBER 2024
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f)
|
Place of the transaction
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OUTSIDE A TRADING VENUE
|
Chris
Winters
Deputy Company
Secretary
Copies of our
announcements are available on our website:
https://www.imperialbrandsplc.com/creating-shareholder-value/stock-exchange-announcements