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Centamin PLC Announces Director/PDMR Shareholding

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Centamin PLC announced that 31.29% of the 2021 share awards under the Company's Remuneration Policy and Performance Share Plan have vested. The awards are for ordinary shares of nil par value and carry the right to dividend equivalents. Directors will hold vested shares for two years. Disposals are to cover tax liabilities. The company's long term incentive plans and performance conditions can be found in the 2023 Annual Report and Accounts.

Centamin PLC ha annunciato che il 31,29% delle azioni assegnate nel 2021 nell'ambito della Politica di Remunerazione e del Piano di Azioni su Rendimento dell'azienda sono state maturate. Le azioni ordinarie assegnate hanno un valore nominale nullo e includono il diritto agli equivalenti dei dividendi. I direttori manterranno le azioni maturate per due anni. Le vendite sono destinate a coprire le passività fiscali. I piani di incentivi a lungo termine della società e le condizioni di rendimento sono disponibili nel Rapporto Annuale e nei Conti del 2023.
Centamin PLC anunció que el 31.29% de los premios de acciones de 2021 bajo la Política de Remuneración de la Empresa y el Plan de Participación en el Rendimiento han sido asignados. Los premios son para acciones ordinarias de valor nominal nulo y conllevan el derecho a equivalentes de dividendos. Los directores mantendrán las acciones asignadas durante dos años. Las disposiciones son para cubrir obligaciones fiscales. Los planes de incentivos a largo plazo de la empresa y las condiciones de rendimiento se pueden encontrar en el Informe Anual y las Cuentas de 2023.
Centamin PLC는 회사의 보상 정책과 성과 주식 계획 하에 2021년 주식 수상의 31.29%가 확정되었다고 발표했습니다. 수상된 주식은 보통주로 액면가 없으며 배당 상당액을 받을 권리가 있습니다. 이사들은 확정된 주식을 2년간 보유할 것입니다. 처분은 세금 부채를 충당하기 위한 것입니다. 회사의 장기 인센티브 계획과 성과 조건은 2023년 연차 보고서와 계정에서 확인할 수 있습니다.
Centamin PLC a annoncé que 31,29% des attributions d'actions de 2021 dans le cadre de la Politique de Rémunération et du Plan de Partage de Performance de la société ont été acquises. Les récompenses sont pour des actions ordinaires de valeur nominale nulle et incluent le droit aux équivalents de dividendes. Les directeurs conserveront les actions acquises pendant deux ans. Les cessions servent à couvrir les passifs fiscaux. Les plans d'incitation à long terme de l'entreprise et les conditions de performance se trouvent dans le Rapport Annuel et les Comptes de 2023.
Centamin PLC hat bekannt gegeben, dass 31,29% der Aktienprämien von 2021 gemäß der Vergütungspolitik der Gesellschaft und dem Leistungsaktienplan übergegangen sind. Die Auszeichnungen sind für Stammaktien ohne Nennwert und umfassen das Recht auf Dividendenäquivalente. Die Direktoren werden die übertragenen Aktien zwei Jahre lang halten. Verfügungen dienen der Deckung von Steuerlasten. Die Langzeit-Anreizpläne und Leistungsbedingungen des Unternehmens finden sich im Jahresbericht und in den Rechnungsabschlüssen 2023.
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PERTH, AUSTRALIA / ACCESSWIRE / May 1, 2024 / Centamin announces that the 2021 share awards under the Company's shareholder approved Remuneration Policy and Performance Share Plan ("PSP") have partially (31.29%) vested.

The share awards are for ordinary shares of nil par value in the Company. As per the PSP, awards carry the right to dividend equivalents on the shares that vested.

For more details on the Company's long term incentive plans, including performance conditions of the PSP, please refer to the Remuneration Report within the 2023 Annual Report and Accounts, available on the Company's website https://www.centamin.com/annual-report-2023/.

DIRECTOR/PDMR NOTIFICATIONS

In accordance with the requirements of Article 19 of the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018), the Company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

All vested shares (net of tax) will be held by the Directors for a further two-year period and these shares will be retained towards the Company's in-employment and post-employment share ownership guidelines detailed in the 2023 Remuneration Report. Disposals referred to in this announcement are to cover tax liabilities on the vested share awards.

This announcement contains ongoing regulated information.


FOR MORE INFORMATION please visit the website www.centamin.com or contact:

Centamin plc

Michael Stoner, Head of Corporate

investor@centaminplc.com

FTI Consulting

Ben Brewerton / Sara Powell / Nick Hennis

+442037271000

centamin@fticonsulting.com


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1Details of the person discharging managerial responsibilities/person closely associated
a)NameMartin Horgan
2Reason for the notification
a)Position/statusDirector - Chief Executive Officer
b)Initial notification/AmendmentInitial notification
3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameCentamin plc
b)LEILEI 213800PDI9G7OUKLPV84
4Details 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

ISIN JE00B5TT1872

b)Nature of the transactionVested share awards that were granted on 30 April 2021 under the terms of the Company's Performance Share Plan
c)Price(s) and volume(s)Price(s)Volume(s)
Nil203,385
d)

Aggregated information

-Aggregated volume
-Price

203,385 CEY shares

Nil

e)Date of the transaction2024-04-30
f)Place of the transactionOutside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1Details of the person discharging managerial responsibilities/person closely associated
a)NameMartin Horgan
2Reason for the notification
a)Position/statusDirector - Chief Executive Officer
b)Initial notification/AmendmentInitial notification
3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameCentamin plc
b)LEILEI 213800PDI9G7OUKLPV84
4Details 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

ISIN JE00B5TT1872

b)Nature of the transactionDisposal
c)Price(s) and volume(s)Price(s)Volume(s)
£1.225395,783
d)

Aggregated information

-Aggregated volume
-Price

95,783 CEY shares

£1.2253

e)Date of the transaction2024-04-30
f)Place of the transactionLondon Stock Exchange

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1Details of the person discharging managerial responsibilities/person closely associated
a)NameRoss Jerrard
2Reason for the notification
a)Position/statusDirector - Chief Financial Officer
b)Initial notification/AmendmentInitial notification
3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameCentamin plc
b)LEILEI 213800PDI9G7OUKLPV84
4Details 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

ISIN JE00B5TT1872

b)Nature of the transactionVested share awards that were granted on 30 April 2021 under the terms of the Company's Performance Share Plan
c)Price(s) and volume(s)Price(s)Volume(s)
Nil178,353
d)

Aggregated information

-Aggregated volume
-Price

178,353 CEY shares

Nil

e)Date of the transaction2024-04-30
f)Place of the transactionOutside a trading venue

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1Details of the person discharging managerial responsibilities/person closely associated
a)NameAmr Hassouna
2Reason for the notification
a)Position/statusPDMR - Country Manager (Egypt)
b)Initial notification/AmendmentInitial notification
3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameCentamin plc
b)LEILEI 213800PDI9G7OUKLPV84
4Details 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

ISIN JE00B5TT1872

b)Nature of the transactionVested share awards that were granted on 30 April 2021 under the terms of the Company's Performance Share Plan
c)Price(s) and volume(s)Price(s)Volume(s)
Nil37,548
d)

Aggregated information

-Aggregated volume
-Price

37,548 CEY shares

Nil

e)Date of the transaction2024-04-30
f)Place of the transactionOutside a trading venue

-END-

LEI: 213800PDI9G7OUKLPV84

Company No: 109180

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 rns@lseg.com or visit www.rns.com.

SOURCE: Centamin PLC



View the original press release on accesswire.com

FAQ

What percentage of the 2021 share awards have vested for Centamin PLC?

31.29% of the 2021 share awards have vested for Centamin PLC.

What type of shares are the awards for under the Performance Share Plan?

The awards are for ordinary shares of nil par value in the Company.

Where can more details on the long term incentive plans of Centamin PLC be found?

More details on the long term incentive plans, including performance conditions, can be found in the 2023 Annual Report and Accounts on the company's website.

What is the purpose of the disposals mentioned in the announcement?

The disposals are to cover tax liabilities on the vested share awards.

How long will the Directors hold the vested shares?

Directors will hold vested shares for a further two-year period.

CENTAMIN PLC ORD

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