Fuller, Smith & Turner PLC: Director/PDMR Shareholdings

Fuller, Smith & Turner PLC announced conditional share awards to executive directors and PDMRs. These awards were granted on 28 June 2024 under the Company’s Bonus and Deferred Bonus Plan 2019 and Long-Term Incentive Plan 2020.

Awards over 'A' Ordinary Shares (40p) were based on post-FY2024 financial results. These shares are to vest in three years, and dividend equivalents will accrue until then. The calculation used a five-day average price of £6.956 per 'A' Ordinary Share ending 27 June 2024.

Additional awards under the LTIP were also granted, calculated similarly. These included both 'A' Ordinary Shares and 'B' Ordinary Shares (4p), with 'B' Ordinary Shares valued notionally at £0.6956.

All awards are subject to performance conditions and continued employment until FY2027. The Remuneration Committee retains discretion to adjust for performance and potential windfall gains. A two-year holding period applies to Executive Directors.