Grant of LTIP Awards
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C&C, the vertically integrated premium branded drinks group and leading drinks distributor to the UK and Ireland hospitality sectors, announces that on 20 January 2025, and following the approval of the Board's Remuneration Committee, it granted awards under and subject to the rules of the Group's 2024 LTIP (the "Awards") to Roger White, appointed to the Board of C&C as Chief Executive Officer with effect from 20 January 2025, and to Andrew Andrea, the Group's Chief Financial and Transformation Officer.
The Awards will vest subject to the satisfaction of a share price performance condition assessed over the period ending 19 January 2028 as set out in the table below. Share price growth will be measured between a start price when Roger White's appointment to the Board was announced and an end price at the vesting date, in each case with an appropriate averaging period applied. The Awards will be subject to a holding period of two years from vesting.
| Share Price Growth* | Extent to which the Performance Condition is satisfied |
|---|---|
| 10% or less than 10% | 0% |
| More than 10% but less than 35% | Calculated on a straight-line basis between 0% and 100%. |
| 35% or more than 35% | 100% |
*The detailed performance condition includes discretion for the Remuneration Committee to take account of the impact on the share price of exceptional matters outside of management's control.
Details of the Awards made to Roger White and Andrew Andrea are provided in the below tables.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Roger White |
| 2 | Reason for the notification | |
| a) | Position/status | Person discharging managerial responsibilities (CEO) |
| b) | Initial Notification Amendment | Initial Notification |
| a) | Name | C&C Group plc |
| b) | LEI | 635400LNUHA2LDXXV850 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of €0.01 each ISIN: IE00B010DT83 |
| b) | Nature of the transaction | Grant of Award under C&C Group plc 2024 LTIP. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 664,168 |
| d) | Aggregated information - Aggregated volume - Price | N/A - single transaction |
| e) | Date of the transaction | 20 January 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Andrew Andrea |
| 2 | Reason for the notification | |
| a) | Position/status | Person discharging managerial responsibilities (CFTO) |
| b) | Initial Notification Amendment | Initial Notification |
| a) | Name | C&C Group plc |
| b) | LEI | 635400LNUHA2LDXXV850 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of €0.01 each ISIN: IE00B010DT83 |
| b) | Nature of the transaction | Grant of Award under C&C Group plc 2024 LTIP. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 299,727 |
| d) | Aggregated information - Aggregated volume - Price | N/A - single transaction |
| e) | Date of the transaction | 20 January 2025 |
| f) | Place of the transaction | Outside a trading venue |
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